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Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

Green Car Congress

The company also announced the formation of a new Industry Advisory Board, and its selection as a semi-finalist in the Securing America’s Future Energy (SAFE) Energy Security Prize. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding.

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Ilika completes US$19M equity placement to support solid-state battery commercialization

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Ilika launched its cm-scale Stereax technology for industrial wireless sensors in 2016 and followed up with mm-scale micro-batteries for miniature medical devices in 2019. This equity placing will be used to purchase manufacturing equipment which Ilika will install in its selected fab for it to be operated on demand.

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EPA: preliminary data show average fuel economy of new light-duty vehicles reached a record high of 25.7 MPG in 2020

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The period from 1975–1987 was marked by a rapid increase in average fuel economy, followed by a gradual decrease in fuel economy from 1988–2004. Most large manufacturers used banked or purchased credits to maintain compliance in MY 2019. From 2005–2020 average fuel economy rose by 29%. Source: EPA 2020 Automotive Trends Report.

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Ford: boomers leading trend to compact utility vehicles

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Industry data supplied by Ford Motor Company and Del Webb, part of the multi-brand homebuilder PulteGroup, show that the baby boomer segment (ages 55 to 64), which comprised the growing market for large homes and made minivans and big SUVs vogue are now shifting to still lavish, but smaller homes and utility vehicles.

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Big Blue Bus investing $18.2M to upgrade bus fleet; Cummins-Westport Near-Zero NOx engines

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million in Federal Transit Administration (FTA) and California Proposition 1B Bond funds to replace fifty 40-foot New Flyer buses purchased between 2004 and 2006. The average age of BBB’s current fleet is less than 7 years old, outpacing an industry best practice of 8.5

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Shell Trials Selling E10 Formulated With Cellulosic Ethanol

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For one month, starting 10 June, the regular gasoline purchased at a Shell service station in Ottawa, Ontario will contain 10% cellulosic ethanol. Iogen has been producing cellulosic ethanol at its Ottawa demonstration plant since 2004.

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Sunoco Idles Eagle Point Refinery; Will Evaluate Feasibility of Using it to Produce Alternative Fuels in the Future

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is indefinitely idling all process units at its Eagle Point refinery located in Westville, New Jersey in an effort to reduce losses in its refining business at a time when a recessionary economy, weak demand for refined products, and increased global refining capacity have created margin pressure on the entire refining industry. Sunoco, Inc.