article thumbnail

FTA announces $55M for FY 2017 Low-No funding

Green Car Congress

The Federal Transit Administration (FTA) announced the availability of $55 million of Fiscal Year 2017 funds ( FTA-2017-003-TPM-LowNo ) for the purchase or lease of low- or no-emission vehicles as well as related equipment or facilities (Low-No). million is available under the Continuing Resolution that expires on 28 April 28 2017.

2017 150
article thumbnail

Cornish Lithium secures £18M funding package from TechMet

Green Car Congress

Following completion of the scoping study, the company intends to construct a demonstration scale beneficiation and hydrometallurgical plant in order to refine further the metallurgical extraction process, which will ultimately inform the design of a commercial production plant.

Financing 419
article thumbnail

TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

Green Car Congress

is designed to demonstrate the viability of achieving net energy generation with TAE’s advanced beam-driven field-reversed configuration (FRC)—the penultimate step on TAE’s path to commercialize clean fusion power. Goldman Sachs served as the exclusive financial advisor in connection with the Series G-2 financing round.

Fusion 243
article thumbnail

GM to launch 18 models in China in 2017 for growth; half to be SUVs or MPVs; more new energy vehicles

Green Car Congress

Half of the models to be introduced in 2017 under the Buick, Chevrolet, Cadillac, Baojun and Wuling brands will be SUVs or MPVs. It will include an advanced design and styling center, vehicle engineering facility and small-scale wind tunnel, and be home to a dedicated vehicle development and engineering team. million vehicles.

GM 150
article thumbnail

IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

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.

Russia 458
article thumbnail

Porsche invests in Israeli start-up TriEye; SWIR technology for automated driving

Green Car Congress

The company’s unique semi-conductor design uses patent-pending technology that makes it possible to manufacture SWIR HD cameras at a fraction of their current cost. Avi Bakal, Omer Kapach and Uriel Levy founded TriEye in 2017. Porsche Ventures has invested in TriEye as part of the current Series A financing round.

Porsche 223
article thumbnail

New Icon-class ships from Royal Caribbean to be powered by LNG with 2022 delivery; testing hydrogen fuel cells in 2017

Green Car Congress

In the meantime, the company said, it will begin testing fuel cell technology on an existing Oasis-class ship in 2017, and will also run progressively larger fuel cell projects on new Quantum class vessels being built in the next several years. We believe fuel cells offer very interesting design possibilities. —Harri Kulovaara.

2017 150