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Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25
Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Catalytic Conversion: Cool Planet has developed a number of proprietary catalytic conversion processes to convert these useful hydrocarbon components into different types of fuels.
Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. Additionally, in 2012 the Chinese Ministry of Finance announced it would provide annual subsidies up to two billion yuan ($323.6 China Electric (Battery) Fuel Efficiency Oil Policy'
Gas flaring emits 400 million metric tons of CO 2 annually, the same as 77 million automobiles, without producing useful heat or electricity. Worldwide, billions of cubic meters (bcm) of natural gas are wasted annually, typically as a by-product of oil extraction. Expand access to financing. Advance local solutions.
Cool Planet’s patented technology comprises three main components: Biomass Pyrolysis: Hemi-cellulosic or lignocellulosic biomass is processed through a mechanical biomass fractionating system that uses pressure and heat to create streams of useful hydrocarbon components (bio-oil or pyrolysis oil). Earlier post.).
Standard automobile and small engines can run on biobutanol blended into gasoline at any ratio, according to Gevo. In April 2009, oil and gas major Total invested an undisclosed amount in the series D round. Earlier post.).
While this is a threat for business, there are also opportunities to grow commerce and create jobs, and to innovate to address the needs of growing populations for agriculture, sanitation, education, technology, finance, and healthcare. Sector analysis: Automobiles. The three nexuses are linked by climate change.
million) available to finance part of the initiative’s activities. Transport is current 96% dependent on oil for its energy needs. The Transport 2050 Roadmap [ earlier post ] aims to break transport’s current oil dependency and allow mobility to grow. The Commission will make €24.2 million (US$34.3
The study, written by scientists of the Technical University Berlin (TUB) and PIK, was commissioned and financed by the BMW Group. Second, car manufacturers can react to standards through technology and innovation, shifting their automobile portfolio, but also by pushing additional fuel efficient cars into the market (e.g.
We have rock-solid finances. With electromobility, the automobile industry faces a fundamental technological upheaval.Our path leads away from oil, to emission-free mobility, and the electric car plays a key role.CO The perspective of rising oil prices is a turboboost for a change in customer behavior, he said.
Moreover, developers must show that the project would make no economic sense without CDM funds and that documentation exists to demonstrate that these factors were considered by the company’s board of directors in their decision to pursue CDM financing. 100% for some agricultural processes.
While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. But it also took incentives away from a slew of electrified automobiles that would have qualified under the old model. From& AP : Greenpeace U.K.
News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Andy Grove on battery power To wean itself from imported oil, the U.S. will be competing for the same finite supplies of oil and gas. The answer may lie in Silicon Valley.
Westbrook, 2001 "Gasoline to Electric Conversion Manual: A Workshop Guide for High Schools", published by the Electric Vehicle Society of Canada, July 2005 "History of the Electric Automobile: Hybrid electric vehicles", by Ernest H. Deffeyes, 2005 "The Coming Oil Crisis", by Colin Campbell "Crossing the Rubicon", by Michael C.
The fire department in Copenhagen, Denmark, has devised a truck-mounted vehicle containment solution for electric automobiles that are on fire or at risk of catching fire. An accident can also spill oil – yes EVs have oil for lubrication and cooling – onto hot electrical components which can ignite and lead to a bigger blaze.
In the case of India, the cost of oil imports, rising pollution, and international pledges to combat global climate change are the most important driving factors of the country’s investment in this shift to electric mobility. We all are aware of the paradigm shift happening in the global automotive industry. Artificial Intelligence.
Historically, being one of the five locals that created the Mid America Electric Automobile Association in 1992. Jim’s Candidate Statement: The Mid America Electric Automobile Association (MAEAA) defined our post COVID world by addressing three questions—who are we, what do we do, and how do we do it? I also have 4.5
As the average American travels less than 40 miles per day, electric transportation can and will handle our daily transportation needs and provide the reliability and convenience we have come to expect from our automobiles. by: Jonathan Read, President and CEO, ECOtality June 24, 2008 ECOtality CEO Jonathan Read.
Environmentalists and industries resurrected the idea in recent years as a centerpiece of measures to address global warming and growing oil imports. For example, automobile firms have an incentive to invest in energy efficiency because consumers value fuel efficiency. Financing Investments and Other Public Expenditures.
Automotive.coms auto loan locator can help you get a lower new car finance rate. on CO 2 vehicle standards could reduce the price of oil mdf on Environmental Transport Association blasts proposed car scrapping scheme in UK Jeff Grant on Nissan adds flex-fuel version of the Versa. Looking for a better auto insurance rate?
At the time, it was seen as a momentous comeback fielded by experts in the realm of finance. Bloomberg goes into great detail about how an out-of-touch executive class was utterly convinced that they were ushering in an entirely new way of renting an automobile. That was immediately after Hertz managed to accrue $1.3
Whether you’re a die-hard BMW enthusiast or curious to explore the world of luxury automobiles, this guide will provide you with valuable insights and information you need to know. Discover the breathtaking acceleration of the M series, experience the elegance of the BMW 7 series, or embrace the versatility of the X models.
As a result of the lockdown, automobile production ground to a halt in several leading car manufacturing countries. Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel.
News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Warren Buffett takes charge Warren Buffett hasnt just seen the car of the future, hes sitting in the drivers seat. He knew very little about making cars but proved to be a quick study.
GM killed that car because of back room deals with oil companies, and now they expect us to believe that they are just so cutting edge now? GM killed that car because of back room deals with oil companies" GM "killed" that experiment because it wasnt even CLOSE to being cost effective. It is 12 years later. GM would only lease them.
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