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2009 and taxes already paid will be refunded, according to the Ministry of Finance (MOF) and the State Administration of Taxation. China has exempted consumption taxes on pure biodiesel made from waste animal fats or vegetable oils. The new policy is effective from 1 Jan.
million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). The median base price of autos sold between July 2009 and June 2010 in the US was $21,800. —Glen Walker, lead transportation analyst at Bloomberg New Energy Finance. Last week, J.D. Earlier post.)
Yet current transport patterns, based primarily on private motorised vehicles, generates many social, environmental and economic costs, accounting for more than half of global liquid fossil fuel consumption and nearly a quarter of the world's energy related carbon dioxide (CO2) emissions (IEA, 2009).
million in Series C financing. 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. Achates Power, Inc.,
a developer of technology for the production of advanced biofuels and biochemicals from biomass and waste materials, announced a first close of its Series D round of financing. The company has been operating a demonstration-scale integrated biorefinery in Madison, Pennsylvania since 2009. Coskata Inc.,
an Ann Arbor-based developer of next-generation lithium-ion batteries ( earlier post ), has completed a $7-million Series B round of financing. Sakti3, Inc., Sakti3 will release separate announcements related to its technology, expansion plans, and other partners in the coming months.
In 2009, Ceres received an ARPA-E award from the US Department of Energy to evaluate a trait that increases yield and reduces fertilizer requirements. The financing round was led by Artal Luxembourg and Ambergate Trust, and included European investment company Gimv, among others.
Westport and CWI natural gas powered vehicles sold since 1 January 2009 will be eligible for carbon credits based on an agreed price per tonne. Grütter Consulting is a leading advisory firm on carbon finance and transport with activities worldwide.
These will include flexible financing, short-term rentals, and full-service leases, such as all-inclusive truck-as-a-service options with enhanced incentives and fueling support. Dealers and their financing partners, leasing and rental companies, or truck-as-a-service providers can serve as providers.
INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. Earlier post.) Department of Energy (DOE) and a $2.5
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. Tags: Europe Financing Policy Vehicle Manufacturers. Earlier post.) billion (US$4.8 billion (US$4.8
The 6th annual Renewable Energy Finance Forum-Wall Street (REFF-Wall Street) will occur on 23-24 June at the Waldorf Astoria in New York City. The event brings together industry veterans to discuss the issues associated with renewable energy finance in the US.
Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. billion in investments in 2010 represents a 39% increase from 2009. billion in clean energy financing last year, improving its global standing to fourth, from eighth in 2009. Click to enlarge.
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.
EEStor has said it anticipates having at-voltage components verified independently by September of this year, with delivery of production prototype EESUs to ZMC by the end of 2009. ZMC announced its intention to exercise this additional investment option on 21 May 2009. per share raising gross proceeds of C$9,275,000 (US$8.4
The study also showed that the average amount financed on a hybrid vehicle was $25,807 and the average monthly payment was $461. Other findings on hybrid vehicle financing: In 2012, 3.1% of all vehicles financed were hybrids, up from 2.3% in 2009 and 1.5% The lease/loan ratio in 2012 for hybrid vehicles was 21.4%
Global Bioenergies, an industrial biology company that develops sustainable routes to light olefins, announced a new €740,000 (US$952,000) financing from OSEO , a French SME-funding state agency, to support the creation of an isobutene production strain compatible with industrial pilot testing. Earlier post.).
Twenty-five Chinese cities have jointed a pilot program co-sponsored in 2009 by Ministry of Science and Technology, Ministry of Finance, National Development and Reform Commission, and Ministry of Industry and Information, to promote energy-efficient and new-energy vehicles. Wan said that a total of 8.5 billion yuan (US$1.28
Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.
A new report by the Geothermal Energy Association (GEA) shows strong growth in new geothermal power projects continuing through 2009. According to the GEA this was due to 4 new geothermal power projects moving to completion, but also reflects difficulty obtaining final permits and difficulty obtaining financing.
CPT was advised on the transaction by Turquoise International (corporate finance) and Matthew Arnold Baldwin (legal & tax). It also validates our approach to technology development, which we apply to all our products. —CPT CEO Nick Pascoe“.
ARB’s Truck Loan Assistance Program received an additional $18 million to help small business fleet owners finance truck upgrades required under the ARB’s In-Use Truck and Bus Regulation. The Truck Loan Assistance Program is implemented in partnership with the California Pollution Control Financing Authority.
In 2009, Amprius received $3 million from NIST to support the development of a unique, high-throughput, continuous manufacturing process for producing the novel, nanostructured silicon-based anode material for lithium batteries. This swelling causes bulk silicon structures to fracture, diminishing battery life after just a few cycles.
The business and government partners aim to achieve this through brokering international fleet procurement alliances, developing national, state and municipal policy frameworks, and financing solutions. The EV20 initiative will focus on sharing best practice in policy and in finance, and EV fleet procurement.
In January 2009, Gevo and Bye Energy announced a development agreement to jointly explore opportunities for the marketing and distribution of renewable aviation fuels to small and medium-sized airports. In February 2009, Gevo, Inc. In April 2009, oil and gas major Total invested an undisclosed amount in the series D round.
According to the US Energy Information Administration, shale gas, tight gas,and coalbed methane accounted for 50% of US production in 2009 and are expected to account for 75% of production by 2035. Shale gas is abundant, widely used, and a growing source of energy in the United States.
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.
The EU-financed SARTRE (Safe Road Trains for the Environment) project has carried out the first successful demonstration of its vehicle platooning technology at the Volvo Proving Ground close to Gothenburg, Sweden. This marks the first time the EU-financed development teams in SARTRE have tried their systems together outside the simulators.
By law, these excises are the primary revenue source for financing road, bridge and transit projects. The less motor fuel used by drivers, the less revenue generated for improvements financed through the HTF. The baseline for calculating revenue losses is the US Treasury’s February 2009 projections of HTF revenues.
billion to Export Development Canada (EDC) to retire the loans granted when Chrysler Group began operations in June 2009. billion from the Canadian governments in June 2009 ($2.6 Chrysler Group confirmed the completion of new financing transactions consisting of a term loan totaling $3.0 Today, Chrysler made payments of $5.9
have entered into a definitive agreement for GM to acquire AmeriCredit, a leading independent auto finance company, in an all-cash transaction valued at approximately $3.5 Since GM and AmeriCredit launched a successful non-prime program in September 2009, GM’s non-prime penetration has increased significantly, according to the company.
interest in Tesla in May 2009. 40% of that investment was transferred to Aabar Investments PJSC in the context of a joint strategic project in July 2009. —Bodo Uebber, Member of the Board of Management of Daimler AG for Finance & Controlling and Financial Services. Daimler initially acquired a 9.1%
Lightning Energy offers a full suite of charging solutions for fleets, including hardware, installation services, back-end management software, financing options and ongoing support.
The company was restructured in 2009; until then it acted as a private research center providing contract research to companies such as Toyota Motor Company, Samsung SDI and others. Skeleton is currently preparing a launch of Round A financing at the end of February.
billion in FY 2009 to $16.8 More than $1 billion of the FY 2010 total was supplied by funds from the American Recovery and Reinvestment Act of 2009 (ARRA). Between FY 2002 and 2009, FFRDC expenditures increased an average of 5% each year, with the exception of a brief stall in FY 2006.
He made the remarks during the 2009 International Forum on Chinese Automotive Industry Development (IFCAID) held last week in Tianjin. Ren added that State Administration of Taxation and the Finance Ministry are also considering levying a car emission tax in future.
Blockchain technology has been around since 2009 and represents an evolution with respect to current networked communications. Another area where SEAT wants to put blockchain solutions to work is finance, beginning with testing new initiatives to improve standard procedures.
Hong Kong dollars ($2.07)—the lowest finish since April 2009 and down 86% from BYD’s highest closing price of HK$85.50 in October 2009.Behind Hong Kong dollars ($2.07)—the lowest finish since April 2009 and down 86% from BYD’s highest closing price of HK$85.50 in October 2009.Behind
million financing with Third Eye Capital Corporation. In early 2009 the plant was closed due to technical and market issues. AE Biofuels , Inc.’s ’s wholly-owned advanced ethanol subsidiary AE Advanced Fuels Keyes, Inc. (AE AE Keyes), closed a $4.5 AE Biofuels integrated starch and cellulose process plant.
The Center for Sustainable Energy has administered the CVRP since its inception in 2009. The existing CVRP program will continue to accept applications while funding remains available. Once funding has been exhausted, the program will close to new applications, and updated information will be available on the CVRP website.
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. Today, Tesla employs more than 3,000 American workers and is living proof of the power of American innovation.
Sept 24, 2009, New York City ( Sourced from prnewswire ) - The Clinton Global Initiative announced this afternoon a breakthrough for the long overdue clean energy retrofitting of America’s homes, commercial and apartment buildings. PACE stands for Property Assessed Clean Energy. Big props to each of them as well! I suspect the L.A.
Experian Automotive announced that the average amount financed and the average monthly payment for a new vehicle in the US continued to climb, breaking the previous records on file. of all new financing during the quarter. of all vehicle financing, and the average amount financed for a used vehicle during the quarter was $18,850.
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