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a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.
The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. As a first tangible step towards its 2040 vision the company aims to reduce its lifecycle carbon footprint per car by 40% between 2018 and 2025.
billion in 17 deals compared to the $543 million in 30 deals in 1H 2018, according a new report from Mercom Capital Group. Announced debt and public market financing activity in the first half of 2019 ($547 million in five deals) was 275% higher compared to the first half of 2018 when $146 million was raised in six deals.
An annual ' tracking the progress of California Climate Investments, released by the California Air Resources Board and the California Department of Finance, finds that nearly $1.4 billion in new funding last year went to projects across all of California’s 58 counties—almost double the $720 million spent in 2017.
billion raised in 2018. Total corporate funding (including venture capital funding, public market, and debt financing) for the Battery Storage, Smart Grid, and Energy Efficiency sectors in 2019 was down by 22% with $3.8 billion in 2018. billion in 32 deals compared to $850 million raised in 49 deals in 2018.
Global VC funding (venture capital, private equity, and corporate venture capital) for Battery Storage, Smart Grid, and Efficiency companies in the first 9 months (9M) of 2018 was 8% higher at more than $1.3 Total corporate funding (including venture capital funding, public market, and debt financing) in 9M 2018 was down with $3.3
New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. thousand terawatt-hours in 2018, up from 6.4 Investment in new wind, solar, and other non-large hydro renewables projects in the country fell to $86 billion in 2018 from $122 billion in 2017.
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8
Nissan unveiled the Nissan Sylphy Zero Emission, Nissan’s first electric car made in China for Chinese consumers, at Auto China 2018 in Beijing. The Nissan Sylphy Zero Emission will go on sale later in 2018. More information will be available at a later date, including service and financing options. Earlier post.).
Total corporate funding (including venture capital funding, public market, and debt financing) in 1H 2018 was down with $2.4 In Q2 2018, VC funding for Battery Storage, Smart Grid, and Efficiency companies decreased to $367 million in 27 deals compared to $472 million in 23 deals in Q1 2018. billion raised compared to $2.8
Alstom is supplying the iLint hydrogen trains ( earlier post ) for the Taunusbahn, Infraserv Höchst will operate the future hydrogen filling station and the State of Hesse and RMV are setting the course for the future and financing them. The implementation is on schedule; the total order volume is €500 million.
Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. trillion in 2018, a level similar to 2017.
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.
Between 2014 and 2018, Audi will invest a total of around €22 billion (US$30 billion) into new models, innovations and the continuous expansion of the worldwide production network. —Axel Strotbek, Member of the Board of Management of AUDI AG for Finance and Organization.
—“State of Finance for Nature”. trillion finance gap between now and 2050, by “building back more sustainably”, by repurposing agricultural and fossil fuel subsidies and by creating economic and regulatory incentives. The report calls for coupling investments in restoration action with financing conservation measures.
In 2018 at the NTEA show, XL displayed a hybrid-electric F-250, as well as the plug-in hybrid F-150. XL also has added two new members to its executive team, with deep experience in the commercial fleet industry, and with leadership backgrounds across finance, sales, business development and operational excellence. Earlier post.).
billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 billion for 300MW.
The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. Leverage increased private sector financing for deployment of “all of the above” energy technologies. The plan is organized into 12 strategic objectives aimed at three distinct goals: Science and Energy; Nuclear Security; and Management and Performance.
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Earlier post.). Climate Change Emissions Fuel Efficiency Fuels Heavy-duty Policy'
According to the Fiscal Impact Statement prepared by the Finance Division of the City Council, there are approximately 10,700 school buses City-wide, of which the City manages approximately 960 in partnership with the NYC School Bus Umbrella Corporation (NYCSBUS). 455 on 14 February 2018.
The partnership is part of Korea’s Ministry of Environment’s project to install hydrogen refueling stations and subsidize privately financed infrastructure projects. The company first introduced its fuel cell electric buses for daily operation during the PyeongChang 2018 Olympic Winter Games.
Through START, Rio Tinto will also provide technical expertise through a sustainability advisory service and support for customers looking to build their sustainability offerings, benchmark and improve performance, support sourcing goals and access to green financing. Earlier post.).
This service can also provide debt financing or secure grant funding to reduce capital expenditures and implement resiliency plans as needed. Tri Delta Transit launched its electric bus program in 2018. As we expand our EV fleet, we look forward to working with AMPLY to realize even greater savings.
The plant construction will begin in autumn 2014 and will be completed in the first quarter of 2018 (compared to the previously planned date of construction completion in August 2017). Uzbekistan started forming a banking consortium to finance the plant construction in September 2013. Click to enlarge.
At its 2016 Annual General Meeting in Switzerland, vertically integrated energy storage company Leclanché announced it has a confirmed order book of 95 MWh through 2018—equivalent to more than US$50 million in revenue—and a qualified pipeline of more than 450 MWh.
While some cathode manufacturers, battery makers, and even auto OEMs, closed or tried to close several lithium supply deals in 2017, cobalt- and nickel-related transactions seem to be taking over in 2018, perhaps with the realization that future cobalt and nickel supply is not as secure as lithium and graphite. Earlier post.)
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. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.
POSCO Pilbara Lithium Solution, a wholly-owned subsidiary of POSCO Holdings, will be responsible for the financing, construction, and operation of the plant. In 2018, POSCO Holdings acquired a package of tenements from Galaxy Resources in the Salar de Hombre Muerto in Argentina in order to secure lithium preemptively. Earlier post.)
decrease from the $472 million raised in Q1 2018, according to a new report from Mercom Capital Group, llc, a global clean energy communications and consulting firm. Total corporate funding (including VC, debt, and public market financing) in battery storage came to $130 million in nine deals compared to $110 million in 14 deals in Q4 2018.
The 2018 Honda Clarity Electric car rolled into California and Oregon dealerships this week, but nobody can buy it. That figure reflects the $7,500 federal tax credit, which Honda finance will keep as part of the capitalized cost reduction of the lease.
ABB was already commissioned in 2018 as technology partner to deliver 340 high-power chargers to IONITY and was the first to market in Europe with 350 kW chargers featuring liquid cooled cables. To finance the necessary chargers, the analysis estimates Europe needs €20 billion over the next 11 years, or €1.8
The up to €400-million order is the result of a consultation launched in January 2018, the aim of which was to accelerate the renewal of the RATP bus fleet. The consultation is divided into 3 lots giving rise to a framework agreement (market) of two years and a maximum amount of €133 million each.
Today nearly half of the Moscow e-bus fleet has been financed by green bonds. Electric buses were launched in the Moscow in 2018. Moscow has entered the green bond market to implement the principles of sustainable development and environmental initiatives necessary for the capital.
In June 2018, the Stuttgart-based sports car manufacturer purchased a 10% stake in Rimac. —Lutz Meschke, Deputy Chairman of the Executive Board at Porsche AG and Member of the Executive Board responsible for Finance and IT. Porsche has increased its stake in technology and sports car company Rimac Automobili to 15.5%.
billion (US$80 billion), on a level with the planning approved in the previous year for the period from 2014 to 2018. These investments will be financed from the joint ventures’ own funds. As a Group, we have the expertise and financial strength to continue to extend our technology leadership and to reach our goals for 2018.
ATN was one of 28 California projects selected in 2018 to receive a grant from the Transit and Intercity Rail Capital Program (TIRCP), which provides awards from the Greenhouse Gas Reduction Fund to help finance transformative, reduction-of-emission capital improvements. Each year more than 9.5
James Breyer founded Hercules Electric Vehicles in 2018 with a vision to bring luxury eco-utility products to market, beginning with an electric pickup truck and followed by other electric mobility products. Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022.
Lightning Energy offers a full suite of charging solutions for fleets, including hardware, installation services, back-end management software, financing options and ongoing support.
Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.
This earlier work was named by Physics World as one of 2018’s ten biggest scientific breakthroughs. A new project, financed by the Swedish National Space Agency, is underway, where the performance of the structural battery will be increased yet further. cell manufacture, and curing of the SBE.
DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018. In late December 2018, Jinan Transportation Brain, a partnership between DiDi and Jinan city’s transportation authorities, went into full operation.
The acquisition of the two mines was financed through US$36 million in debt, royalty and stream financing provided by funds managed by Sprott Resource Streaming and Royalty Corp. The Okorusu plant was retrofitted to produce graphite and has been on care and maintenance since November 2018.
Operation of the lithium plant and financing will be 100% carried out by POSCO Argentina, a subsidiary of POSCO Holdings. Construction of the brine lithium plant is to be completed in the first half of 2024, with annual production of 25,000 tons of lithium hydroxide. The total investment cost is about US$830 million (about KRW 0.95
In order to finance its course for the future from its own resources, the company is systematically rolling out the Audi Transformation Plan. With this program, Audi will already generate positive earnings effects of more than €1 billion in 2018, counteracting the financial burden from high advance expenditure.
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