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The Advanced Technology Vehicles Manufacturing Loan Program, first appropriated in the fall of 2008, was to provide about $25 billion in loans to companies making cars and components in US factories that increase fuel economy at least 25% above 2005 fuel economy levels. CEO Li lashed out at the DOE in a released statement.
GW at the end of 2008, according to the Global Wind Energy Council. More than 27 GW of new wind power generation capacity came online in 2008, 36% more than in 2007. The leading markets in terms of new installed capacity in 2008 were the US and China. The global wind market for turbine installations in 2008 was worth about €36.5
Average annual capital needs and gap estimates, all levels of government, 2008-35 (in 2008 dollars). a federal mileage fee—as a way to reform financing of the US transportation infrastructure. Paying Our Way: A New Framework for Transportation Finance Click to enlarge. The nation faces a crisis. Click to enlarge.
million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. This new financing will cover the purchase of a complete fermentation unit, comprising an inoculation fermenter, a propagation fermenter, and a 5,000L production fermenter.
The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. In 2008 the EIB signed loans totaling €57.6 Tags: Europe Financing Policy Vehicle Manufacturers.
Renault has entered two new EV partnerships: one with Arval, a BNP Paribas subsidiary; the other with ALD Automotive, a global provider of financing and vehicle fleet management services. Arval will work with Renault by setting up specific new leasing offers adapted to the electric vehicles.
The US Department of Agriculture (USDA) announced a $105-million loan guarantee to Fulcrum Sierra BioFuels, LLC to finance development of a facility to convert municipal solid waste into advanced biofuels. With the loan guarantee finalized, the company will secure bank financing, which when combined with private equity capital provided.
Financing alternatives are being evaluated. IMO, the International Maritime Organization, targets carbon emission cuts of 40% by 2030 and 70% by 2050, compared to 2008 values. The gigafactory may create 500 jobs within research and development, pilot production and full-scale industrial production.
Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. The United States, which had maintained the top spot until 2008, fell another rung in 2010 to third with $34 billion. Public market financing grew 27% to $15.9 2010 investment by country and sector.
The new “sale&care model” offers customers an opportunity to buy, finance or lease the vehicle and to rent the battery for a monthly fee. Purchase, financing or leasing of the vehicle including the battery is also possible. The one millionth smart fortwo was built in September 2008, coinciding with the tenth birthday of the brand.
T he Plug in 2008 National PHEV Conference in San Jose by most accounts was a big success. The announcement, which follows Google's request for proposals from companies with electric car technologies, came Tuesday during the Plug-In 2008 conference in San Jose, Calif. Here's part of the story from CNET : Google.org is investing $2.75
In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. It’s a pretty good idea isn’t it?
At the high end, that would be enough baseload power to supply about 20% of California's total electric power in 2008—or enough generating capacity to supply the power needs of about 7.2 Financing is expensive and scarce, and available lenders are requiring much more work be done before they will finance projects. and 7,109.9
The proceeds from the $80 million bond will be used to partially finance the first two phases of construction of Range Fuels’ first commercial cellulosic biofuels plant using renewable and sustainable supplies of non-food biomass near Soperton, Georgia. helped facilitate the financing of this bond transaction. Range Fuels, Inc.
a developer and manufacturer of Aqueous Hybrid Ion (AHI) stationary energy storage systems, has completed the first closing of a $35 million Series D financing round. Aquion Energy , Inc.,
This investment, Ecotechnologies’ second in the France-based McPhy, is part of a €10-million capital increase completed by the company’s historical investors: Emertec Gestion, Sofinnova Partners, Gimv, Arevadelfi and Clipperton Finance.
Through the project, the private partner will design, build, finance, operate and maintain CNG filling stations at up to 37 transit facilities. This law allows PennDOT and other transportation authorities and commissions to partner with private companies to participate in delivering, maintaining and financing transportation-related projects.
Specifics on the finances are to be discussed by the German cabinet in the next legislature period in the fall. million new passenger vehicle registrations annually (with 2008 being the lowest, with 3.090 million new registrations. At present, around 500 million euros ($704 million) have been earmarked for research and development.
million financing with Third Eye Capital Corporation. The original $130-million construction and commissioning of the plant was completed in November 2008 by Cilion, Inc. AE Biofuels , Inc.’s ’s wholly-owned advanced ethanol subsidiary AE Advanced Fuels Keyes, Inc. (AE AE Keyes), closed a $4.5
This program was signed into law by President Bush in 2008 and then awarded under the Obama administration in the years that followed. The Department first offered loans to Tesla and other auto manufacturers in June 2009, when car companies couldn’t get other financing and many people questioned whether the industry would survive.
Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns. Without the ability to finance drilling, smaller or more indebted oil companies may not have a future. by Nick Cunningham of Oilprice.com.
The budget justification declares that the grant program has largely succeeded: with the $469 million appropriated by the Congress from 2008-2010, the program has produced tangible reductions in NO x and PM emissions. Separately, California’s Proposition 1B finances projects to reduce diesel emissions from freight transportation.
The average price of a new light vehicle (including both cars and light trucks) was up to a record $31,790 in 2016, up from the most recent low of $28,243 in 2008. Finance charges or finance incentives are excluded. Source: DOE. Click to enlarge.
BYD has sold more than 100 units to governments, banks and other institutions since it entered the market at the end of 2008. BYD Auto says it will place its F3DM dual-mode plug-in electric vehicle ( earlier post ) on sale to individual buyers on 29 March, with the first sales location to be Shenzhen, Guangdong Province.
The European Investment Bank and PSA Peugeot Citroën signed a €200-million (US$259-million) loan agreement to finance the carmaker’s program to develop plug-in hybrid vehicles. The loan was granted under the European Clean Transport Facility (ECTF) financing program, one of the EIB’s measures for stimulating the European economy.
In 2008, the US Department of Energy (DOE) awarded AltaRock and its collaborators $6 million to use an innovative stimulation process to create an EGS reservoir that will drill below the permeable zone, stimulate in the contained zone with infrastructure in place, and increase power production. In 2008, AltaRock closed a $26.25-million
McPhy Energy , a French company founded in January 2008 with the mission to industrialize and commercialize a new magnesium hydride solid state storage system for hydrogen, recently closed its second round of funding worth €13.7 million (US$17.3 McPhy’s technology addresses the merchant hydrogen and renewable energy markets. Following a €1.6m
BMBS); Mercedes-Benz Auto Finance Ltd. Local production of Mercedes-Benz cars began with the predecessor series of the E-Class in the BBAC joint venture in 2006; the C-Class series followed in 2008. Daimler in China. Daimler Greater China is based in Beijing and includes Beijing Mercedes-Benz Sales Service Co.
As part of its report on fourth quarter and year-end 2008 results, Ener1 outlined its EnerDel unit’s customer programs underway for its lithium-ion battery technology in applications spanning hybrids, plug-in hybrids (PHEVs) and full electric vehicles. Overall, Ener1 reported 2008 revenues of $6.8 million in 2007.
Meanwhile Republicans are placing far less emphasis on terrorism, which was their top priority in every year between 2002 and 2008. Of the 22 items tested, environmental protection is one of the lowest GOP priorities, along with such issues as improving transportation infrastructure and campaign finance reform.
The report’s authors, Max von Bismarck and Anuradha Gurung from the World Economic Forum, and Chris Greenwood and Michael Liebreich from New Energy Finance, argue that “ enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climate change. billion) in 2004.
Additional state grants, combined with the Honda financing, could enable FirstElement to add at least 12 stations to its California hydrogen network. Honda launched its more recent fuel-cell vehicle, the FCX Clarity, in July 2008.
Corporate developments over the past year have included: In October 2008, Gevo and ICM, Inc. Gevo Development, LLC will be managed by Mike Slaney and David Black who have significant experience in the financing, acquisition and operation of ethanol facilities.
In addition to the independent studies that have already been conducted and are publicly available, the financing partners will perform on-going monitoring to ensure that the project fully meets its commitments. The first 118 farmers graduated from the “Addax Farmer Field and Life School” in January 2011, and training is ongoing.
These three USDA Rural Development renewable energy programs are authorized by the Food, Conservation, and Energy Act of 2008 (Farm Bill). The US Department of Agriculture (USDA) is seeking applications for loan guarantees in the Biorefinery Assistance Program, Repowering Assistance Program, and the Bioenergy Program for Advanced Biofuels.
Daimler in China is based in Beijing and includes Mercedes-Benz (China) Ltd, Mercedes-Benz Auto Finance Ltd, Daimler Northeast Asia Parts Trading & Services Co., Local production of Mercedes-Benz cars began with the predecessor series of the E-Class in the joint venture BBAC in 2006; the second C-Class series followed in 2008.
Allison’s investment in JJE follows the recently announced strategic partnership between the two companies, and an earlier debt financing commitment by Allison that will directly support JJE’s North America commercial electric product development, testing, and manufacturing efforts. Earlier post.).
Shanghai GM has outlined the next phase of its “Drive to Green” product strategy—launched in 2008 ( earlier post )—for 2011-2015. Several targets announced in 2008 have already been achieved. Since the Drive to Green strategy was initiated, between 2008 and 2009, Shanghai GM invested almost US$1.1 Advanced Powertrains.
The Truck and Bus Regulation was adopted in 2008 to reduce emissions from nearly all heavy-duty diesel trucks operating in California. Recognition of fleet owners who took action to comply by providing additional “useable life” for retrofit trucks and reducing near-term compliance requirements.
Alliance Oil will hold a 51% stake in the joint venture and contribute producing assets in Volga-Urals Region while Repsol will own the remaining 49% and make an initial cash investment to finance future growth opportunities. Repsol also owns a 74.9%
The company says that its hybrid powertrain increases the EPA city fuel economy by 25%, which can provide a three year payback without government incentives, or immediate savings when combined with vehicle financing. XL Hybrids was started by MIT alumni who collectively have founded four alternative energy companies.
The European Investment Bank is the European Union’s long-term financing institution and provides long-term finance for capital projects promoting European economic objectives. —European Investment Bank Vice President Simon Brooks.
These loans would provide financing to produce renewable fuels from woody biomass, municipal solid waste and energy grasses such as switch grass, miscanthus and arundo donax. Congress established the Biorefinery Assistance Program in the 2008 Farm Bill. It reauthorized and extended the program in the 2014 Farm Bill.
In February 2008, Chevron Corporation and Weyerhaeuser Company created a 50-50 joint venture company— Catchlight Energy LLC — focused on developing the next generation of renewable transportation fuels from nonfood sources. Chevron and lignin for fuels. Earlier post.) The biofuels feedstock will be primarily a diesel-like stream.
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