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UPS to invest $130M in > 700 natural gas vehicles and infrastructure; > $1B invested in alt fuels since 2008

Green Car Congress

This $130-million dollar investment in CNG capacity for 2018 builds on previous UPS investments of $100 million dollars in 2016 and $90 million dollars in 2017. The company is the largest consumer of RNG in the transportation sector. Fort Worth, Texas; and Arlington, Texas. Plainfield, Ind.; Edgerton, Kan.;

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App-based mobile gas station Booster Fuels raises $20M in Series B

Green Car Congress

Fuel consumption reached record highs in 2016. Since it launched service less than two years ago, the company has delivered more than five million gallons of gas. By using Booster, customers have eliminated over 630,000 miles of travel to date, equivalent to offsetting 234 tons of carbon, according to the company. Venture, Inc.

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

Liquids represented 57% of the reserves, up from 53% in 2016. Other significant new proved reserve additions were made in Guyana, where the company funded the first phase of development last year, and in Mozambique, associated with the project funding of the Coral FLNG project in the gas-rich deepwater Area 4.

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Linear Labs closes $4.5M seed round to fund commercialization of new electric motor technology

Green Car Congress

Next-generation electric motor company Linear Labs (LL) closed a $4.5-million Compared to the top permanent magnet motor on the market, it produces two times the torque density, three times the power density, two times the output per given motor size and minimum 10% more range, the company claims. million seed round led by Science Inc.