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National Electric Vehicle Sweden halts production while it sorts out financing

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National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. This development will be done in cooperation with other global OEMs.

Financing 225
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The Metals Company and Low Carbon Royalties form strategic partnership

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to finance the development and production of low-carbon fuels and energy transition metals. gross overriding royalty on any future revenue derived from TMC’s NORI area in the Clarion Clipperton Zone of the Pacific Ocean. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0%

Carbon 352
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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change. The report, A Paradigm Shift Towards Sustainable Low Carbon Transport , finds that more than $1.5

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SolarCity and Honda to finance $50M more in solar projects for Honda and Acura customers and dealerships

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SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US. The $50-million fund is a follow-up to a $65-million fund the companies created in 2013.

Acura 218
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SafeAI, Siemens, Obayashi collaborate to bring retrofitted autonomous, zero-emission heavy vehicles to off-road industries

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SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In partnership with pioneers like SafeAI and Obayashi Corporation, we can imagine a more sustainable future for these industries.

Emissions 397
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Cummins increases investment in Loop Energy and fuel cells for commercial transport applications

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Funds from the strategic financing will be used to further accelerate the company’s product development activities, project deployments, and growth plans as the Company expands its technical leadership in medium and heavy-duty hydrogen fuel cell bus and trucking applications. — Ewald, Vice President of Strategy and New Power, Cummins.

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DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

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From the second year onwards, the DOE will provide up to $155 million in additional funds to finance execution of the plan. Accomplishing these goals will contribute significantly to achieving the cost targets outlined in the DOE’s recently announced geothermal EarthShot, bringing down the costs of Enhanced Geothermal Systems (EGS) by 90%.

Oil 170