article thumbnail

Omnitek Engineering completes $5M placement; financing to facilitate diesel to natural gas truck engine conversion sales

Green Car Congress

Omnitek Engineering Corporation, a developer of natural gas engines and diesel-to-natural gas conversion systems, has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 million in gross proceeds. Merriman Capital, Inc.

Financing 236
article thumbnail

Ford and Georgia Tech partner on hydraulic hybrid school bus conversion

Green Car Congress

The Ford Motor Company Fund and the Georgia Institute of Technology are partnering on the US’ first conversion of a traditional school bus to a hydraulic hybrid vehicle that runs on recycled biofuel. Atlanta Public Schools (APS) donated the bus for the project.

Georgia 199
article thumbnail

Rio Tinto makes US$10M strategic equity investment in Nano One; strategic partnership on cathode materials

Green Car Congress

This partnership and funding will accelerate Nano One’s multi-cathode (multi-CAM) commercialization strategy and support cathode active materials (CAM) manufacturing in Canada for a cleaner and more efficient battery supply chain for North American and overseas markets.

article thumbnail

GE Capital and Clean Energy form strategic alliance to accelerate adoption of natural gas in trucking industry

Green Car Congress

GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.

Clean 273
article thumbnail

Renault shows the future of bidirectional charging

My Energi

After all, with V2G technology at the forefront of the EV charging conversation, it seems that the space has not only progressed, but also changed direction away from DC solutions. We’ve been looking into bidirectional solutions for a number of years now, with conversations ongoing regarding our future product roadmap.

Future 52
article thumbnail

Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

Cash for Conversions” will start by fixing many of our 100 million trucks, vans, and buses. And magically, as more electricity comes from lower-carbon fuel sources, our cars will get cleaner as they get older! When they’re mass-produced, conversions will cost under $10-$15,000. Tags: Conversions Perspective Plug-ins.

Oil 252
article thumbnail

US Fuels acquires coal-to-diesel IP for scalable plants near mine sites

Green Car Congress

USFF’s model attracted the attention of GPF Real Estate & Financing Corporation (Global REFCo), a subsidiary of Global Private Funding, Inc. Global), who will provide debt based financing to support the equity-based investments. For the conversion of coal to syngas, US Fuel will utilize slow pyrolysis. Andrew Halarewicz, Sr.

Coal 225