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Biomass-to-sugar company Comet Biorefining completes new round of equity financing

Green Car Congress

Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing.

Financing 150
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Porsche and UP.Labs to build startups tailored for Porsche’s business

Green Car Congress

For example, these could involve predictive maintenance, supply chain transparency or digital retail. —Lutz Meschke, Deputy Chairman of the Executive Board of Porsche AG and Member of the Executive Board for Finance and IT. The startups’ focus will revolve around Porsche’s core activities.

Porsche 150
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Aemetis RNG production exceeds plan by 20% during Q2 2023

Green Car Congress

—Eric McAfee, Chairman and CEO of Aemetis In 2016, California Governor Gavin Newsom signed into law Senate Bill 1383, limiting the emission of methane from dairy lagoons in California, which includes approximately 1.7 million dairy cows at more than 1,000 dairies. Aemetis Biogas was formed as a subsidiary of Aemetis, Inc.

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Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

Green Car Congress

Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. While the new power station will supply 180% more power than the coal plant it replaces, SO 2 and NO x emissions will be reduced by more than 90%.

Coal 150
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Siemens invests in Electrify America, the largest public charger in the US

Setec Powerr

Recently, Volkswagen announced that its charging station subsidiary Electrify America has completed its first round of financing, with Siemens leading the investment and Volkswagen following. billion US dollars, or about 16.4 billion yuan, making it a new energy unicorn. More charging piles, wider coverage.

America 98
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Volkswagen Group to invest more than €62 billion up to 2016; largest-yet investment package for new models, advanced technologies and production facilities

Green Car Congress

The ratio of capital expenditure to sales revenue will be at a competitive level of around 6% on average in the period from 2012 to 2016. Volkswagen is laying the foundations for profitable, sustainable growth by building new production facilities, introducing new models and developing alternative drives, as well as with its modular toolkits.

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Tesla Q3 revenue up 10% year-on-year, losses widen; robust production outlook

Green Car Congress

In Q4, Tesla plans to build 15,000 to 17,000 vehicles, and to deliver 17,000 to 19,000 vehicles, which will result in 50,000 to 52,000 total deliveries for the year. The company has accelerated plans to begin cell production for Tesla Energy products at the Gigafactory by the end of 2016, several quarters ahead of initial plan.