article thumbnail

Germany and Namibia form partnership for green hydrogen

Green Car Congress

The Federal Research Ministry will provide up to 40 million euros in funding from the economic stimulus package for cooperation within the framework of this partnership. We therefore think that one kilogram of hydrogen from Namibia will eventually cost between €1.50 It has a lot of vast unused space. Namibia can provide both.

Namibia 337
article thumbnail

IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

Green Car Congress

Two factors are driving the recovery, notably low automotive inventory that will result in new car growth next year, combined with stimulus packages designed to benefit the ailing car sector while favoring the switch to electric and hybrid cars, which are typically more expensive than equivalent internal combustion-driven models.

2020 170
article thumbnail

Dayton RTA Adding 10 Gillig Hybrid Buses

Green Car Congress

Dayton RTA used two-thirds of the stimulus money it received in spring, 2009, to buy buses, offsetting the cost of fleet replacement and reducing the agency’s budget deficit. RTA purchased the hybrids along with a package of several 40-foot diesel and medium-duty buses at a total cost of $13.3

article thumbnail

EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

Green Car Congress

million grant awarded under the federal stimulus package under a 50:50 cost-share program, of which EnerDel plans to spend $60 million in 2010. million, which comprises a state incentive package of $21.3 million and Hancock County package valued at $48.6 The Indiana plant will be financed through a $118.5

Indiana 186
article thumbnail

Sandia’s Battery Abuse Testing Laboratory Awarded $4.2M

Green Car Congress

million in American Recovery and Reinvestment Act funds to modify and enhance its existing Battery Abuse Testing Laboratory (BATLab), with the goal of developing low-cost batteries for electric and plug-in hybrid electric vehicles. With the recent stimulus funds, the BATLab will be able to greatly increase the number of tests it does.

article thumbnail

ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

Green Car Congress

The mean cost of cost of climate change for the four countries—Indonesia, Philippines, Thailand, and Viet Nam—under a “business-as-usual” scenario and if market and non-market impacts and catastrophic risks are all considered could be equivalent to losing 6.7%

article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Costs are also falling due to classic economics.

Financing 150