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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

Green Car Congress

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

Now more than ever, investing in California’s entrepreneur ecosystem means investing in a resilient clean energy future.”. EV Life was founded in 2019 with a mission to accelerate the adoption of electric vehicles. Founded in 2019, EV Life’s mission is to connect people with opportunities to build a safer, more sustainable world.

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Daimler to split into two pure-play companies: cars & vans, trucks & buses

Green Car Congress

As part of a more focused corporate structure, both Mercedes-Benz and Daimler Truck will also be supported by dedicated captive financial and mobility service entities, driving sales with tailor-made financing, leasing and mobility solutions, increasing retention and building customer loyalty. billion for Daimler Trucks and €4.7

Companies 497
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MISC, Samsung Heavy, Lloyd’s Register and MAN partner to develop ammonia-fueled tanker

Green Car Congress

MISC Berhad, Samsung Heavy Industries (SHI), Lloyd’s Register and MAN Energy Solutions will work together on a joint development project (JDP) for an ammonia-fueled tanker to support shipping’s drive towards a decarbonized future. A 2019 study by A.P. In January 2019, MAN Energy announced it was developing an ammonia-fueled engine.

Fuel 221
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Harley-Davidson to spin-out LiveWire electric motorcycle division as public company via SPAC; $545M in proceeds

Green Car Congress

By building on Harley-Davidson’s 118-year lineage, LiveWire’s mission is to be the most desirable electric motorcycle brand in the world, leading the electrification of the sport. A decade in the making, LiveWire was established as a separate Harley-Davidson division in 2019.

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bp acquires EV fleet charging provider AMPLY Power; first major step into electrification in the US

Green Car Congress

By 2030, bp aims to nearly double earnings from its global convenience and mobility businesses—increasing from around $5 billion in 2019—while delivering returns in the range of 15-20%. for customers, including individual drivers and fleet operators. Founded in 2018, AMPLY Power aims to make EV adoption easy for fleets.

Fleet 170
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PGM leader Sibanye-Stillwater enters battery metals sector through a partnership with and investment in lithium miner Keliber

Green Car Congress

Based on a feasibility study completed in 2019 and improved in 2020, Keliber currently has 9.3 Future lithium hydroxide production has not been committed to any offtake party. The project financing would include both a debt and equity component. million tonnes of ore reserves, sufficient for more than 13 years of operation.

Finland 243