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Continental considers sale of ContiTech auto unit amid broader reorganization, document says

Baua Electric

The extremely successful tires industry and non-automotive a part of ContiTech can be retained because the time core, it mentioned, quoting an unnamed govern supervisor who warned of the ultimatum of a group of workers rift if the tires industry persevered financing the vehicles industry. Continental declined to remark at the document.

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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

Green Car Congress

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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NEOM Green Hydrogen Company completes financial close of $8.4B for world’s largest green hydrogen plant

Green Car Congress

Additionally, NGHC also announced that the non-recourse financing structured for the project has been certified by S&P Global (as the second party opinion provider) as adhering to green loan principles and is one of the largest project financings put in place under the green loan framework.

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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

Green Car Congress

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.

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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

The bipolar structure simplifies internal battery connections to reduce internal resistance and improve round-trip efficiency. They’re mechanically tough, corrosion-resistant, and chemically stable, delivering for years with virtually no degradation.

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The Boring Company starts negotiations for San Antonio, Texas Loop

Teslarati

TBC’s proposal called for twin underground tunnels that Tesla vehicles could pass through, transporting riders between the San Antonio International Airport and downtown. The decision seemed to depend on finances. Both companies presented their proposals to the Alamo RMA.

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Stellantis/UAW Deal Spills Tea on Future Product

The Truth About Cars

A document detailing a slew of finer points about the agreement has been posted to the Web, diving into deep detail about everything from finances to product plans. If you really want to roll your eyes at marketing fluff, know that REPB stands for ‘Range Electric Paradigm Breaker’ in internal Stellantis-speak.

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