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has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. Gevo is working with a major RNG dispenser to finalize an agreement to sell the RNG into the California market. The RNG Project will generate RNG captured from dairy cow manure.
Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. On the other hand, venture finance deal values also grew from $595.23 Last year, mergers and acquisitions (M&A) deals reached $24.4
Tesla has once again extended a promotion in China for zero-interest financing, following multiple extensions since the benefit first launched earlier this year. Tesla is currently offering the zero-interest financing on all Model 3 and Y trims with the exception of the performance variants. million deliveries to match its 2023 totals.
To support these developments and be able to offer a complete and competitive Renault Trucks range on the market, the company is setting up an organization dedicated to electric mobility. Preparations are underway to market a Z.E. As regards the marketing of its Z.E. The Renault Trucks D Z.E., D Wide Z.E.
In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.
While regional aviation represents a sizable market opportunity and an important early proof point in the fight against climate change, it is a small fraction of total aviation emissions.
Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. billion raised—up 63% on the previous year. The 2Q figure, at $3.9
Nuvve began using the microgrid’s 5 MWh lithium-ion battery, which historically focused on the management of campus energy peaks, to bid into wholesale energy markets in June 2020. Nuvve plans to expand its footprint in California energy markets by leveraging V2G technology deployed via electric school buses and light-duty vehicles.
The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. A report will be issued annually to provide full transparency to investors. —Carla de Geyseleer, Chief Financial Officer.
million) Series A financing round. Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing. Leveraging the funding, OXCCU plans to accelerate its path to market by scaling its catalytic approach to convert hydrogen and carbon dioxide into SAF and other sustainable fuels.
The partnership will further allow both parties to benefit from a global manufacturing presence and service networks to support customers in local markets. Together, the companies will further define product portfolio scope, manufacturing locations and supporting resources to be provided by each party.
million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. Presentation of Gang Hyun Seo, Executive Vice President and Head of Finance & Accounting Division at Hyundai Motor Company. Optimizing EV manufacturing capacity.
MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.
Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. The report was formally handed over to partners on 20 December. This is equivalent to energy costs of US$60 a barrel.
The addition of InCharge Energy will strengthen ABB’s E-mobility Division in the North American market by broadening its customer base and expanding its fleet electrification software and digital services offering. InCharge Energy will maintain its leadership team and tech neutrality as it joins ABB’s E-Mobility Division.
Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing.
Volta Trucks has outlined its strategic roadmap for its entry into the North American market. It also includes the finance and insurance of the vehicles to accelerate the adoption, and derisk the ownership, for the customer. The plan will see the first Volta Zero vehicles operating on Los Angeles’ streets by the end of next year.
Today, Domino’s already delivers with electric bikes and/or scooters in 24 international markets, including the US. Domino’s is partnering with Enterprise Fleet Management, which will offer local hands-on account management, vehicle acquisition, financing, telematics solutions and maintenance for the electric delivery fleet.
The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8 Global landscape of renewable energy finance in 2017-2018. From Global Landscape of Renewable Energy Finance. Renewable energy investment slightly declined in 2018, with modest growth through 2019.
—“State of Finance for Nature”. trillion finance gap between now and 2050, by “building back more sustainably”, by repurposing agricultural and fossil fuel subsidies and by creating economic and regulatory incentives. The report calls for coupling investments in restoration action with financing conservation measures.
BNEF’s 2H 2022 Energy Storage Market Outlook sees an additional 13% of capacity by 2030 than previously estimated, primarily driven by recent policy developments. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.
The financing round was led by LDV Partners and Alpha JWC Ventures. Venti Technologies, a developer of safe-speed autonomous logistics systems, secured approximately $8 million in a seed round funding.
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
European Commissioner for Internal Market Thierry Breton and European electrolyzer manufacturers last week met in Brussels to discuss how to increase industry’s capacity to produce electrolyzers used to produce clean hydrogen. —Commissioner for Internal Market, Thierry Breton.
EVs are still the future The sudden revival of plug-in hybrids is predicted to peak at 10% of the market Sales of PHEVs is predicted to call as battery prices drop and EVs become less expensive Plug-in hybrids are experiencing a sales resurgence, but they're unlikely to surpass EVs in the long term, predicts Bloomberg New Energy Finance.
The production increase is a key part of the Ford+ Plan, underscoring the company’s commitment to increase the value of its EVs for customers, continuing to position Mustang Mach-E as a compelling option for those looking for an electric SUV, and growing market share. The Mustang Mach-E was the No.
As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. MONTE and ZeroAvia aim to retrofit the aircraft for clients starting in 2024 and will provide and finance maintenance and hydrogen availability services to support these operations.
The Economic Transition Scenario (ETS), which assumes no new policies and regulations are enacted, is primarily driven by techno-economic trends and market forces. There are very positive signs that the market is moving in the right direction, but more action is needed—especially when it comes to heavy trucks.
The report also finds that climate-tech corporate finance totaled $165 billion in 2021. This category of investment, not included in the $755 billion, describes new equity financing raised by companies in the climate-tech space, either from public markets or private investors.
This strategic collaboration with SEA Electric is part of our plan to provide powertrain options to meet the needs for our customers and markets throughout the United States. Over the past several years, we have made significant strides in the push toward electrification.
With solar charging as an option, LAND aims to gain traction in the new mobile energy market. The District is unique to the electric vehicle space in that it bridges the gap between two markets: the e-bike and the e-motorcycle. The District is on sale now, starting at $7020 after a 10% EV tax credit, with financing available.
IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. This would be the end of the plant, IG Metall said. With a current production volume of 4.2
DFDS has chosen a financing solution provided by Volvo Financial Services. The electrification trend in the heavy truck market is accelerating. Our clear aim is to drive the electric truck transformation and our market-leading position shows that we are definitely on the right track.
Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 billion, including assumed debt and net of acquired cash.
The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. The US Department of Energy (DOE) closed on a $504.4-million Rendering of Advanced Clean Energy Storage salt cavern.
A number of foreign companies are interested in developing lithium deposits in Mexico; in September 2022, the finance ministry valued the lithium deposit in Sonora state as worth as much as 12 trillion Mexican pesos (US$653 billion, currently).
Total corporate funding (including venture capital funding, public market, and debt financing) for the energy storage, smart grid, and energy efficiency sectors in 2022 was up 63% with $31.7 In 2022, announced debt and public marketfinancing for energy storage companies increased 151% with $20.6 billion compared to $19.5
The link to the Dutch gas market lays the foundation for a trans-European hydrogen market. The IPCEI program can finance the network construction in part. However, the financing of network operation requires a long-term solution to the charging issue in the EnWG.
The CIZARIS represents the entry of QUANTRON into the sustainable and tender-driven city bus market, which is becoming increasingly significant due to the European “Clean Vehicles Directive”. The process enables an effective heating output adapted to battery operation with lower energy consumption.
As a result, advanced economies have lost market leadership, as 27 out of 31 reactors that started construction since 2017 are Russian or Chinese designs. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies. —IEA Executive Director Fatih Birol.
From CarsDirect : Just as before, Stellantis Financing continues to offer a special financing rate of 1.9% percent] APR financing for 72 months could make the 2025 Dodge Charger Daytona EV a more appealing option to purchase than before. The first one includes 0 [percent] APR financing for 72 months plus $3,000 in bonus cash.
The supply of rare earths has become an increasingly geopolitical issue in the US, Europe and Japan, with Chinese market dominance seen as a supply risk for critical elements including neodymium (Nd), praseodymium (Pr) and dysprosium (Dy).
The aim of the project is to advance the international market ramp-up of green hydrogen and to use double-auction procedures for this purpose. This means that hydrogen or hydrogen derivatives are bought cheaply on the world market and sold at the highest bid in the EU.
Co-financing of an AUS-DEU H 2 incubator for applied research. Co-financing of “HydrogenHubs”. Co-financed as part of the planned German funding guidelines for international H 2 projects and Australian funding for hydrogen hubs. The accord provides for three different initiatives: HyGate. Germany’s contribution: €50 million.
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