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DOE announces $15.5B package primarily focused on retooling existing factories for EVs

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This includes making available $2 billion in grants and up to $10 billion in loans to support automotive manufacturing conversion projects that retain high-quality jobs in communities that currently host these manufacturing facilities. The Department also announced a Notice of Intent to make available $3.5

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Calysta completes $3M Series A financing; biological conversion of methane to fuels and chemicals

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Calysta Energy completed a Series A financing round totaling $3 million. The financing was led by Pangaea Ventures Ltd., Methane is widely available from large domestic deposits of shale gas, as well as landfills and other sources. Earlier post.). and included current Calysta officers and directors.

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Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

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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.

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Nesscap completes US$1M convertible note financing

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The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. The Note has a maturity date of 1 April 2015; the conversion price is CAD 0.10 Ultracapacitor company Nesscap Energy Inc. has completed a non-brokered private placement of a US $1,000,000 Convertible Note with I2BF Energy.

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Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

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million) Series A financing round. Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing. Leveraging the funding, OXCCU plans to accelerate its path to market by scaling its catalytic approach to convert hydrogen and carbon dioxide into SAF and other sustainable fuels.

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XL Hybrids, Henley Transmission Services partner to certify AAMCO for hybrid conversion installation, servicing

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developer of a low-cost hybrid electric powertrain designed specifically for class 1-3 commercial fleet use ( earlier post ), has signed an agreement with Henley Transmission Services, LLC, the largest franchise holder of AAMCO automotive service centers, to certify AAMCO technicians to install and service XL Hybrids’ hybrid-electric conversions.

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Lightning Systems receives California ARB Executive Order for the Transit Bus Repower powertrain

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The Transit Bus Repower is a full-featured powertrain conversion of an existing diesel transit bus to a battery-electric bus. Transit buses are excellent repower candidates for a variety of reasons, including the wide availability of parts and experienced service mechanics. All Lightning products are available today.