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ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.
Together, these will provide regional operators with unit economics that are equivalent or better than those of conventional jet fuel-powered variants of the aircraft. If we want to decarbonize the industry on the timeframe of the Paris Agreement, the world’s narrowbody airliner fleet has to become hydrogen-powered starting in the 2030s.
As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. However, a new era for nuclear power is by no means guaranteed.
Charging-as-a-service provider AMPLY Power is managing the charging of electric buses for Eastern Contra Costa Transit Authority, which is operating under the name Tri Delta Transit. This service can also provide debt financing or secure grant funding to reduce capital expenditures and implement resiliency plans as needed.
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. ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development.
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.
Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. —Paul Beach, president, Octillion Power Systems.
Austrian Federal Railways (ÖBB) has awarded Stadler a framework agreement for up to 120 battery-powered trains. The FLIRT Akku vehicles are the battery-powered version of Stadler’s best-selling FLIRT model, which has already sold over 2,500 units worldwide.
With the battery price not included in the vehicle sales price, nor in the finance payments, the costs are significantly lower to switch to an EV. BaaS is based on NIO’s innovative battery-swapping technologies and national network of 143 Power Swap stations and services.
TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.
million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
Owning a plug-in electric vehicle today will save consumers thousands of dollars compared to owning a gas-powered vehicle, according to a new analysis by Consumer Reports comparing electrics to CR’s top-rated vehicles, as well as the best-selling, most efficient, and best-performing gasoline-powered vehicles on the market.
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. The 2Q figure, at $3.9 billion raised, is the lowest quarterly total since 2Q 2020.
Adding another school district fleet electrification program to its growing list of customers, AMPLY Power has been selected to manage the charging of electric school buses for the Palermo Union Elementary School District in Northern California. a gallon to power its vehicles. —Vic Shao, founder and CEO of AMPLY Power.
The US Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for an $850-million loan to help finance the construction of KORE Power ’s advanced battery cell manufacturing facility in Buckeye, Arizona. million gallons of gasoline per year.
Combining solar power and lithium ion batteries, the Zephyr aircraft holds world records for endurance as well as altitude, flying at 70,000 feet or higher. The Zephyr platform is a new class of unmanned air vehicle that operates as a high-altitude pseudo-satellite (HAPS) enabling affordable, persistent, local satellite-like services.
AMPLY Power is working with Duke Energy Sustainable Solutions to expand fleet electrification offerings, including the first commercially available combination solar canopy and overhead electric vehicle charging solution covered by a power purchase agreement (PPA) leasing and financing model. —Vic Shao, CEO of AMPLY Power.
Furthermore, the model is powered by a hybrid system with an in-line three cylinder 1.5-liter liter engine and offers low fuel consumption and a powerful, seamless driving experience. The Mazda2 Hybrid offers the nimble handling of a compact car, high quality ride, a comfortable cabin and the latest safety technology.
Hino Trucks will begin production of these new vehicles integrating SEA Electric ’s SEA-Drive power system. SEA Electric’s SEA-Drive power-system is adaptable to most OEM glider chassis platforms from Class 3 to Class 8 (3.5t
Motorcycle (Range x Power). Motorcycle 65 MPH (Power). Powered by a single hot swap CORE 1.8 The removable battery system can be charged in a standard household outlet and functions as a standalone power pack to charge devices; it can also act as a small-scale home backup system. E Moped - Limit differs by state.
The analysis highlights the benefits of harnessing solar power to create green hydrogen in four African hubs: Mauritania, Morocco, southern Africa and Egypt. Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event.
A power generator demo unit genset, relying on a first use of FuelAdaptive engine technologies patented by ClearFlame Engine Technologies, has successfully progressed through phase one trials. The trial was conducted by Electric Power Research Institute (EPRI) in partnership with ClearFlame and Duke Energy. Earlier post.) Earlier post.)
Artist rendering of Global Energy Ventures’ fuel cell-powered C-H 2 Ship, to be powered by a Ballard system as it transports compressed green hydrogen. The power required for a small-scale demonstration of the C-H 2 Ship is expected to be less than 10 megawatts (MW). Earlier post.). Earlier post.). 200 kW FCwave module.
Pioneering methods to accelerate electric fleet adoption, AMPLY Power will demonstrate and document its Charging-as-a-Service approach for an all-electric school bus fleet in New York City. During the next two years, AMPLY Power will provide its Charging-as-a-Service package to the Logan Bus Company at its depot in Brooklyn, New York.
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.
In addition to the company’s Proterra Transit and Proterra Powered business units, Proterra Energy offers a turn-key approach to delivering the complete energy ecosystem for heavy-duty electric fleets through charging infrastructure design, build, financing, operations, maintenance and energy optimization.
The New Terminal One will have what its creators have said is the largest solar array at any US airport, which will power a fleet of electric vehicles used at the terminal both landside and airside. MWh of battery energy storage to balance electrical demand and improve power quality. MW of fuel cells and 1.5
In June, Renault Group and Plug Power launched their hydrogen fuel cell and infrastructure joint venture HYVIA. HYVIA will offer a wide range of fuel cell-powered light commercial vehicles by the end of 2021: Master Van H2-TECH —a large van for transporting goods and packages, with 12 m 3 of cargo volume and a range of up to 500 km.
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.
Lightsource bp, a 50:50 joint venture with bp, unveiled the solar project that will help reduce emissions and support more than 1,000 jobs at EVRAZ’s Pueblo steel mill—the world’s first steel mill to be powered largely by solar energy. The steelmaking operation melts more than 1.25
China is on track to have the largest nuclear power generation fleet of 93GW and is set to overtake the US by 2026, according to research and analytics company GlobalData. —Somik Das, Senior Power Analyst at GlobalData. These pipeline projects are either in the permitting phase, financing phase or are under construction.
The battery system will provide power output up to 220 kW and a usable energy capacity of 320 kWh. The Rocklunda project is supported by financing from the Swedish Energy Agency (Energimyndigheten). —Emad Zand, President Energy Solutions, Northvolt.
The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing. Front and center is the first-ever Mega Power Frunk on an F-Series pickup. Pro Power Onboard is a built-in AC power source that comes standard with 2.4
By utilizing geothermal energy to power this extraction, there is the opportunity to produce zero-carbon lithium. The company now expects to have sufficient funding to complete a feasibility study on the Trelavour Project which the company would use to obtain the necessary debt and equity finance to enable project construction.
Together, clean power and electrification (comprising renewables, nuclear, energy storage, electrified transport and electrified heat) accounted for the vast majority of investment at $731 billion. The report also finds that climate-tech corporate finance totaled $165 billion in 2021.
Rolls-Royce Power Systems and SOWITEC, a specialist in renewable energy projects, have agreed to cooperate with the aim of providing power-to-X projects with a total electrolysis capacity of up to 500 megawatts by 2028. With more than 4.2
Alstom is supplying the iLint hydrogen trains ( earlier post ) for the Taunusbahn, Infraserv Höchst will operate the future hydrogen filling station and the State of Hesse and RMV are setting the course for the future and financing them. The implementation is on schedule; the total order volume is €500 million.
The Black Sea is almost 1,200 kilometers long, and the proposed undersea power cable would need to run the length of it, making it the longest and deepest in the world. And vital undersea cables elsewhere in Europe have recently been targeted, including a power line under the Baltic Sea that was severed in December.
The complete turnkey solution can include: comprehensive design support, vehicles, financing options, battery leasing (“Battery as a Service”), customized management system platforms (including smart charging software developed in-house), charging infrastructure solutions provided by Enel X Way, depot construction, renewable energy sources, virtual (..)
The integration of Meritor’s people, technology and capabilities will position Cummins as one of the few companies able to provide integrated powertrain solutions across combustion and electric power applications. Cummins believes eAxles will be a critical integration point within hybrid and electric drivetrains.
On the other hand, venture finance deal values also grew from $595.23 This is mainly being produced by manufacturing companies such as Hydrogenics, Nel ASA, ThyssenKrupp, ITM Power, HydrogenPro, Enapter and Plug Power. Last year, mergers and acquisitions (M&A) deals reached $24.4 million to over $3,001.1 In 2022, more than 111.9
recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million. SEA Electric was founded in Australia in 2012, with a proprietary electric power-system technology (known as SEA-Drive) for the world’s urban delivery and distribution fleets. SEA-Drive 120b Power-System.
Transit Custom will be supported by Ford Pro software, charging, service and financing solutions via one comprehensive platform to help increase uptime and reduce operating costs. ProPower Onboard technology will provide exportable power for tools, lights and devices while on site.
The vehicles can be charged both via overnight depot charging (each truck comes with an AC charger) and via high power charging on route (DC charging). DFDS has chosen a financing solution provided by Volvo Financial Services. With a top-up charging session during lunch the distance can be extended.
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