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Algenol closes on additional $25M internal equity financing

Green Car Congress

Founded in 2006, Algenol converts CO 2 from industrial emitters into transportation fuels through its Direct-To-Ethanol process. Algal fuels producer Algenol has closed on a $25-million dollar investment from BioFields, a Mexican business group devoted to the development of renewable and clean energy projects.

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London adds 300th hybrid bus introduced to fleet

Green Car Congress

This grant was initially set to finance 70 buses, but Transport for London has managed, through good negotiation and increased market confidence in hybrid buses, to increase this order so that, in total, more than 400 of these less polluting vehicles will be in service by next year. Hybrid technology was first trialled by TfL in 2006.

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European Court of Auditors finds 2/3 of EU-funded transportation projects underutilized

Green Car Congress

A report published by the European Court of Auditors (ECA)—the official institution that audits EU finances— found that two-thirds of urban transport projects co-financed by EU structural funds are underutilized. The auditors also physically visited the co-financed facilities, and the operating and maintenance centres.

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Aemetis to acquire Edeniq and its cellulosic ethanol technology

Green Car Congress

an advanced fuels and renewable chemicals company founded in 2006, will acquire all the outstanding shares of Edeniq, a cellulosic ethanol technology company, in a stock plus cash merger transaction. Aemetis, Inc., Edeniq’s patented technology is commercially proven, with 29 of the company’s Cellunators installed in 6 US ethanol plants.

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California ARB staff holding public workshop to discuss preliminary recommendations for $100M in Prop 1B funding to reduce freight emissions

Green Car Congress

The $1-billion Proposition 1B Goods Movement Emission Reduction Program, approved by California voters in 2006, is a partnership between ARB and local agencies (such as air districts and seaports) to quickly reduce air pollution emissions and health risk from freight movement along California’s trade corridors.

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Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. Task Force Funding.

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Cellulosic sugar producer Sweetwater Energy closes $9M Series A round

Green Car Congress

Initially launched in 2006 under the name SweetWater Ethanol, LLC , the company originally was pursuing a decentralized business model to allow farmers to produce ethanol from crops right on their farms. Sweetwater Energy uses a novel technology to produce low-cost sugars from non-food plant materials. Sweetwater’s initial $1.2

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