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Cholamandalam sees rural demand boom in vehicle financing | Autocar Professional

Baua Electric

Cholamandalam Investment and Finance Company Limited, a major participant in India’s vehicle financing sector, reported a significant surge in demand, particularly in rural markets. However, management also expects margins to return to pre-pandemic levels in the foreseeable future.

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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. Sinobioway is a leading Chinese company engaged in the bio-economy. Earlier post.).

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Germany approves €900M for green hydrogen project H2Global

Green Car Congress

Green hydrogen plays a central role in the transformation of our economy. In the future, we will have a high demand for green hydrogen and will also need imports in addition to production in Germany. Over time, losses will decrease as the willingness to pay for sustainable energy sources will increase in the foreseeable future.

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Australian Government establishes A$300M fund to support hydrogen projects

Green Car Congress

The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). Hydrogen has the potential to make a substantial contribution to our clean energy transition, reducing emissions across the economy while underpinning the development of an important domestic and export industry.

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Iberdrola and H2 Green Steel to build 1GW green hydrogen plant to fuel DRI furnace for green steel; €2.3B investment

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Together with Iberdrola, we are creating a broader European platform for the green hydrogen economy. The project will be financed through a combination of public funds, green project financing instruments and own funds. —Kajsa Ryttberg-Wallgren, EVP Head of Business Unit Hydrogen at H2 Green Steel.

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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%

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PEM electrolyzer company Ohmium closes $45M Series B; quadrupling manufacturing capacity

Green Car Congress

PEM electrolyzer company Ohmium International closed a $45-million Series B financing round. We can no longer tie our economies to unreliable fossil fuels. Green hydrogen will play a critical role in our clean energy future. —Arne Ballantine, CEO of Ohmium International.