article thumbnail

Oil Majors’ Costs Have Risen 66% Since 2011

Green Car Congress

Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crude trades for about half of what it did back in 2014. The result could be an uptick in the cost of producing oil for the first time in a few years. per barrel, rising to $36.50.

Oil 150
article thumbnail

PGE and SunRun Create $100M Home Solar Financing Fund

Green Car Congress

a provider of home solar financing, announced a $100-million tax equity project financing agreement to fund SunRun’s installation of more than 3,500 new home solar installations across the nation. SunRun offers home solar power without high upfront costs through power purchase agreements (PPAs) and solar leases.

Financing 170
article thumbnail

Li-ion battery maker Leyden Energy raises $10M in Series C financing; targeting stop-start

Green Car Congress

a developer and manufacturer of advanced batteries, has raised $10 million in Series C financing from existing investors, including New Enterprise Associates (NEA), Lightspeed Ventures, Sigma Partners and Walden International. The company closed a $20-million Series B round in August 2011. Leyden Energy, Inc.,

Li-ion 240
article thumbnail

Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

Green Car Congress

million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). However, achieving such growth level will be dependent on two key factors: aggressive reductions in battery costs and rising gasoline prices. However, actual sales will be much lower and limited by vehicle availability.

Financing 283
article thumbnail

Global aerospace study finds fuel costs continue as major airline concern

Green Car Congress

Airline executives continue to express concern about rising fuel costs, according to a new global aerospace study released today by CIT Group Inc., a leader in transportation finance. 82% of respondents said they were extremely concerned (51%) or very concerned (31%) about fuel supply and costs. Ever-Changing Industry.

Global 199
article thumbnail

DOE awards $56M to 21 concentrating solar power projects; $8M for reducing soft costs of rooftop PV systems

Green Car Congress

The research projects, conducted in partnership with private industry, national laboratories and universities, support the Energy Department’s SunShot Initiative, a collaborative national effort to make solar power cost-competitive with traditional energy sources by the end of the decade. million in fiscal year 2011. CSP awards.

Solar 252
article thumbnail

Skeleton Technologies receives US patent for nanoporous carbon powder supercapacitor material; higher energy and power densities and lower cost

Green Car Congress

Skeleton Technologies says its supercapacitors based on the material have a two-fold advantage: In specialized, high-performance applications where cost is not a critical driver, they can deliver more power and more energy than competitive offerings at the same weight and volume. million in 2011 to $284.1 million during that period.

Carbon 353