article thumbnail

Ideanomics’ MEG Group announces delivery of first EV taxi order to Chengdu; Geely to supply 15,000 taxis

Green Car Congress

The remaining 11,000 taxis, with an additional sales value of approximately US$130 million (RMB 926 million), are part of an ongoing delivery schedule beginning 1 October 2019 and running through 31 December 2019—up to 12 months ahead of the contracted delivery deadline of December 31, 2020 for this initial order.

Taxi 191
article thumbnail

DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

Green Car Congress

The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. The US Department of Energy (DOE) closed on a $504.4-million Rendering of Advanced Clean Energy Storage salt cavern.

article thumbnail

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.

article thumbnail

EIA: As of 2021, China imports more LNG than any other country

Green Car Congress

Source: Graph by the US Energy Information Administration, based on data from Japan’s Ministry of Finance, China’s General Administration of Customs, South Korea’s Customs Institute, India’s Directorate General of Commercial Intelligence and Statistics, and Taiwan’s Ministry of Finance via Global Trade Tracker. Bcf/d in 2021.

China 273
article thumbnail

Roskill: Rising prices could be new norm for lithium industry

Green Car Congress

In its second quarterly update to its Lithium: Outlook to 2030, 17 th Edition report, Roskill maintains the view that future refined lithium supply will remain tight, with a period of sustained supply deficit in the mid-2020s. The lithium-ion battery supply chain does not only depend on lithium.

article thumbnail

Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

Green Car Congress

Air Liquide Korea will provide two high-capacity hydrogen chargers and supply hydrogen gas. The partnership is part of Korea’s Ministry of Environment’s project to install hydrogen refueling stations and subsidize privately financed infrastructure projects. In September 2019, Hyundai and Cummins Inc. Hyundai fuel cell bus.

Hyundai 377
article thumbnail

Rolls-Royce and SOWITEC cooperate on power-to-X projects

Green Car Congress

gigawatts of solar and wind projects installed in South America, Europe and Asia, the Baden-Württemberg-based company has extensive experience in developing financeable turnkey renewable energy projects, from concept to implementation, including investor sourcing. With more than 4.2 With more than 4.2

Power 186