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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.
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The terms of the equity transaction include a warrant giving NRG the right to purchase an additional 2.0 per annum for construction-period financing and 8.0%
The agreement further provides a subsidiary of Valero the right to purchase up to 25% of Mission at A$0.45 The agreement further provides a subsidiary of Valero the right to purchase up to 25% of Mission at A$0.45 Over the course of the contract, Mission will supply Valero with biodiesel produced from its captive Jatropha feedstock.
DOE plans ( DE-FOA-0001236 ) to issue in the February 2015 timeframe a funding opportunity (DE-FOA-0001237) to develop and to implement effective purchasing/procurement processes designed to coordinate and consolidate bulk alternative fuel vehicle and advanced vehicle orders and thus reduce the per-unit prices of commercially-available vehicles.
a provider of cost-effective drone-integrated electric vehicles to the last-mile delivery sector, has entered into a note purchase agreement (NPA) under which it will sell $200 million aggregate principal amount of its 4.0% Workhorse Group Inc., Senior Secured Convertible Notes due 2024 to two institutional lenders.
are partnering to make solar power more affordable and available to Honda and Acura customers in the US, providing a cleaner source of electricity at a lower cost than utility-supplied power. A 20-year lease or power purchase agreement term applies. SolarCity and American Honda Motor Co., each year for 20 years, on approved credit.
In response, Air Liquide, Groupe PSA, Schneider Electric and Valeo have set up a Task Force composed of about 30 purchasing and industrialization experts in order to define an action plan to increase the production of Air Liquide Medical Systems respirators.
Therefore, we are already starting the international ramp-up of the hydrogen economy and building long-term value creation and supply chains through the H2Global instrument. is expected to pay more in purchasing than it can collect through sales. —Robert Habeck, Federal Minister of Economic Affairs and Climate Protection.
From 2024 this will be used to supply the bp refinery in Gelsenkirchen. With the integration of a cavern storage facility by RWE in Gronau-Epe, the system, which is based on electricity generation from wind energy, can also make a contribution to supply security. The IPCEI program can finance the network construction in part.
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel? Global Nickel Trade and Chinese Dominance.
has been awarded a public tender for the supply of 120 E-WAY full electric city buses for Autoguidovie Group, the largest Italian privately owned local public transport company. IVECO BUS, a brand of Iveco Group N.V., Available both in standard and articulated versions (9.5, Its BRT version offers maximum personalization.
has entered into a definitive supply agreement with HCS Holding GmbH (HCS) to supply renewable isooctane ( earlier post ) under a five-year offtake agreement. The Supply Agreement has two phases: In the first phase, HCS will purchase isooctane produced at Gevo’s demonstration hydrocarbon plant located in Silsbee, Texas.
to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc.
billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. As part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25
AlphaStruxure will design, build, finance, own and operate the project to enable Ride On’s growing electric bus fleet. Financial Benefits: Energy as a Service approach eliminates upfront cost to the County for the project including all microgrid and charging infrastructure, and provides long-term cost predictability for energy supply.
Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. Atlantic Nickel The resulting company will be named ACG Electric Metals.
Ford Motor Company, Huayou Cobalt, IBM, LG Chem and RCS Global will use blockchain technology to trace and validate ethically sourced minerals in an effort to support human rights and environmental protection while helping infuse more transparency into global mineral supply chains. Goldcorp Inc., ING Bank, Kutcho Copper Corp.,
Used-car buyers can now find nearly as many offers and choices as those looking for a new one, thanks to the huge popularity of car financing. Just remember to run a car history check before financing the vehicle to ensure it’s worth the money. Car dealerships may have the best financing deals. Dealer Finance for Used Cars.
These leases will deliver on the pLAn’s commitment to ensure that 50% of the City’s annual light-duty vehicle purchases are EVs by 2017. This also marks a big step toward the pLAn’s longer-term target to have 80% of city vehicle fleet purchases be EVs by 2025. per mile for EVs vs. $0.37
a US-listed and South American-based global exploration company in the lithium and minerals sector, executed a Securities Purchase Agreement with POSCO Canada Ltd., Li3 Energy, Inc., a wholly-owned subsidiary of South Korea-based POSCO, one of the largest steel manufacturers in the world.
A newly released report financed by the World Bank and prepared by consultancy PRTM analyzes China’s New Energy Vehicles Program, as well as the Ten Cities, Thousand Vehicles Program, in the context of these megatrends and concludes that the overall value chain shift could favor China from both a technological and supply chain perspective.
The acquisition of the two mines was financed through US$36 million in debt, royalty and stream financing provided by funds managed by Sprott Resource Streaming and Royalty Corp. The balance of the financing proceeds will be used to fund the restart of operations in Namibia and for working capital purposes. million in cash.
At the Zwickau vehicle plant, Volkswagen commissioned the first fast-charging park in Saxony supplied with energy largely from a power storage container (PSC). —Karen Kutzner, managing director for finance and controlling at Volkswagen Sachsen. This means that up to eight vehicles can charge at the same time.
Through the project, the private partner will design, build, finance, operate and maintain CNG filling stations at up to 37 transit facilities. In addition, PennDOT will enter into a CNG supply contract with the selected partner as well as purchase agreements with each of the transit agencies.
The board also approved the purchase of charging infrastructure for e-buses and e-hybrids with two suppliers, Spie-Ekoenergetyka and Heliox. As the top-ranked competitor, Van Hool will supply 60% (36 e-buses) of the framework agreement’s initial 60 e-buses; VDL will supply 40% or 24 e-buses.
The company’s already diverse and flexible portfolio will be boosted with LNG supply in the Atlantic from Trinidad & Tobago, and in the Pacific from Peru. Since the announcement of the transaction in February 2013, certain value adjustments have been made in accordance with the terms of the sales and purchase agreement. Peru LNG 4.45
has entered an off-take agreement with Tenaska BioFuels, LLC (TBF) for the purchase and sale of all ethanol produced at BlueFire’s planned cellulosic ethanol facility in Fulton, Miss. Also, it will move BlueFire closer to a debt financing agreement with the Department of Energy and US Department of Agriculture.
The study cautions, however, that the availability of financing, total cost of ownership and the unfolding events in Japan will impact vehicle sales in both markets. The sharp rise in gasoline prices over the past year, along with the weakened US dollar, will continue to have an impact on consumer purchasing decisions.
But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. This will require increased involvement by government, trade industry organizations and supply chain experts. Laura Marcero.
GM Ventures, the automaker’s investment arm, has made a strategic investment in Lithion Recycling’s Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion’s advanced battery recycling technology.
Total purchase price is a small fraction of the tangible asset value. Financing is planned through debt and grants. Acquiring experienced management team to manage operations and growth.
In general, the Biofuel Flightpath aims to: Facilitate the development of standards for drop-in biofuels and for their certification Work together with the full supply chain to further develop worldwide accepted sustainability certification. Establish financing structures to facilitate sustainable biofuel projects.
In order to complete the financing of the project, the European Investment Bank (EIB) is considering a loan of up to 50% of the €280 million (US$416 million) debt financing. The Renault-Nissan Alliance will use its European battery plants in France, the UK and Portugal to supply electric vehicles built around Europe and Turkey.
Audi will supply three sources of green energy in the scope of the e-gas project: electricity, hydrogen and methane gas. If there are strong sea winds, for instance, then surplus power supplies can be converted to e-gas and stored in the largest available energy-storage system: the public gas network. Rated at 3.6
interest in the company, through the subscription and purchase of shares from treasury at a price of $3.54, which reflects a 15% premium to the 30-day VWAP of $3.08 million, through the subscription and purchase of shares from treasury at the same price of $3.54 million, representing a 19.9% on 29 August 2018. to maintain its 9.9%
Australia-based Syrah Resources Limited signed a binding offtake agreement with Tesla to supply natural graphite Active Anode Material (AAM) from its vertically integrated AAM production facility in Vidalia, Louisiana.
The BMW investment was part of Lilac’s just-closed US$150-million Series B financing. A key aspect here is compliance with environmental and social standards in the supply chain.
The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. With the latest round of financing secured, Sila Nano has begun ramping up production volume and plans to supply its first commercial customers in consumer electronics within the next year.
The trading agreement includes the provision of finance by Trafigura to fund the creation of strictly controlled artisanal mining zones, the installation of ore purchasing stations and costs related to the transparent and traceable delivery of cobalt hydroxide to Trafigura on an export cleared basis.
entered into a binding renewable hydrocarbons purchase and sale agreement with Trafigura Trading LLC, a wholly-owned subsidiary of Trafigura Group Pte Ltd. The agreement will also enable Trafigura to supply SAF to both US and international customers whose interest is growing in low-carbon jet fuel. —Patrick Gruber, CEO of Gevo.
Once operational, the project will supply clean electric power to approximately 140,000 California homes. Electricity from the project will be sold under long-term power purchase agreements with Pacific Gas & Electric and Southern California Edison Company (SCE).
Proterra Inc has been selected by the Washington State Department of Enterprise Services as a vendor to supply zero-emission battery-electric transit buses and charging infrastructure under the state’s regional Cooperative Purchasing Contract.
BASF SE is contributing to finance the study. —Patrick Hudde, head of Indirect Purchasing Raw Materials Management, BMW Group. The BMW Group is sourcing lithium for its fifth-generation high-voltage batteries itself and making it available to its battery cell supply chains.
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