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Skeleton Technologies, a manufacturer of high power- and energy-density ultracapacitors ( earlier post ) has completed Round A financing of €3.9 The financing will be used for production scale-up and product development in addition to sales and marketing efforts. SkelCap ultracapacitor cells are available in ranges from 250F to 3500F.
Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. When the automotive industry is fully electrified, there will be a nearly trillion-dollar battery industry, 25 times bigger than today.
Calysta Energy completed a Series A financing round totaling $3 million. Calysta intends to use the Series A investment to advance development of biological routes to high value industrial chemicals and fuels based on methane, an advantaged feedstock from natural gas. The financing was led by Pangaea Ventures Ltd.,
million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. Nesscap products are available in both cells and modules and are used to enhance the performance of modern applications ranging from portable electronic devices to high-performance windmills and green cars.
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., Two of the factors that had delayed the transition to natural gas in the over-the-road trucking industry were related to technology and infrastructure.
OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.
The BASF subsidiary led a $50-million financing round, joined by new and existing investors. With this patented process, BASF notes, industrial sugar can be produced from lignocellulosic biomass (wood, cane trash or straw) in large quantities and at competitive cost from non-edible plant mass. —Mike Hamilton, Renmatix CEO.
Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. The Commission is convinced that financing should cover.
However, for various reasons (including limited infrastructure, financing and a lack of appropriate policies), refining takes place in other countries, mainly Belgium, China, Finland, Norway and Zambia, which reap the economic benefit. UNCTAD also recommends that the industry find ways to reduce its dependence on critical raw materials.
Global Bioenergies will construct its second industrial pilot on the site of the Leuna refinery, close to Leipzig in Germany. In June 2013, Global Bioenergies announced the launch of its first industrial pilot in the heart of the Bazancourt-Pomacle biorefinery, close to Reims. million (US$7.7-million)
million in new financing. Niron says that its technology delivers magnets that are less expensive, more sustainable, globally available, and made from abundant input materials not subject to supply constraints or price instability. The company’s second-generation magnet will offer a magnetic field strength of 1.5
The Electrification Coalition has introduced its EV Policy Showroom, offering policymakers, EV advocates, industry partners and other stakeholders online access to easily navigable data and policy information on the deployment and adoption of electric vehicles and charging infrastructure.
Founder and CEO Scott Colosimo was inspired to delve into the EV industry after his success as the founder of Cleveland CycleWerks, a motorcycle design and manufacturing company. The District is on sale now, starting at $7020 after a 10% EV tax credit, with financingavailable. —Scott Colosimo.
START is a significant step forward for the aluminum industry as the first offering of this kind, setting a new standard on transparency, traceability and responsible production from mine to market. The START sustainability label is now available for aluminum purchased from Rio Tinto’s managed operations globally.
biofuel made from cellulose, algae, duckweed, or cyanobacteria) could mitigate the current elevated risk of investing in the industry that is retarding its advance, according to a new paper by a team from the International Council on Clean Transportation (ICCT) and Johns Hopkins University. The Renewable Fuel Standard (RFS2) in the U.S.
However, the deals available on 2024 model year vehicles (which still look to be widely available) are even greater. From CarsDirect : Just as before, Stellantis Financing continues to offer a special financing rate of 1.9% The first one includes 0 [percent] APR financing for 72 months plus $3,000 in bonus cash.
The acquisition of Quantenna is another step towards strengthening our presence in industrial and automotive markets. The transaction is not subject to a financing condition. ON Semiconductor intends to fund the transaction through cash on hand and available capacity under its existing revolving credit facility.
The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. Battery production is a rapidly advancing industry. billion of overall project costs.
T&E used publicly available information to assess the 50 gigafactories announced in Europe based on their finance and permits, whether they had secured a location, and the companies’ links to the US. EU battery manufacturing is caught in the crossfire between America and China. Europe must act or risk losing it all.
Financing is provided by the future fund of the “Concerted Action Mobility” and is intended to promote the transformation of the automotive industry—in particular the supplier industry. Hydrogen technologies play a key role in transforming industry towards sustainable value creation.
Product specifications will be available during the NTEA show, and XL will display a PHEV F-250 in its booth (#3175). 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.
From 2023, an all-electric Renault Trucks offer will be available for each segment, namely distribution, construction and long distance. degrees Celsius compared with pre-industrial levels, Renault Trucks is committed to gradually electrifying its fleet to become carbon-neutral within 30 years.
growth in the industry over the next decade, Pike expects production volumes to fall short of an estimated 71.8 despite huge demand for biofuels from transportation end-markets, access to inexpensive feedstocks and financing hurdles remain challenging obstacles for biofuels production trying to keep pace with emerging mandates.
Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. Niron’s Clean Earth Magnets are permanent magnets made from iron nitride (FeN) using widely available commodity raw materials.
It further strengthens our long-term commitment and focus on our Project as we work together with CATL to bring 3Q into full development by building a comprehensive financing plan. Space is available to build the ponds in a suitable location, from a geotechnical perspective.
Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022. Hercules is commencing the Series A financing to support product development and add team members; the company currently is scouting locations for production of its components, including solid-state batteries.
ALTe Powertrain Technologies, developer of a range-extended plug-in electric hybrid powertrain for light commercial fleet vehicle applications, has created a Commitment to Action to spur adoption of hybrid electric technology in the worldwide fleet industry as part of the Clinton Global Initiative America (CGI America) meeting.
have established a partnership to provide platform services for the taxi industry. DiDi and SoftBank aim to build an open and inclusive platform that will be available to all of Japan’s taxi operators. DiDi hopes to leverage on its AI strengths and national network to empower the entire automotive industry chain.
The Alastria consortium, announced in 2017, is open to any organization that wishes to have available a fundamental tool for the development of its own Blockchain/Distributed Ledger Technology (DLT) strategy with the aim of distributing and organizing products and services for the Spanish market.
Amprius is excited to work closely with OEM manufacturers to make high energy battery technologies available to consumers. Amprius is financed by leading investors including Trident Capital, VantagePoint Capital Partners, IPV Capital, and Kleiner Perkins Caufield & Byers. We continue to focus on silicon anode-based technologies.
The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO).
These are the observations in an in-depth study of the industry by management professors at the University of California, Davis, and Dartmouth College. There are about 4,000 high-voltage super-fast charging stations in the US, and the majority of them are available only to Tesla vehicles. Tesla has played the platform game.
The EIB financing is supported under the European Fund for Strategic Investments (EFSI), the main pillar of the European Commission’s Investment Plan for Europe. It makes long-term financeavailable for sound investment in order to contribute towards EU policy goals. —Roeland Baan, CEO of Haldor Topsoe.
The facility will significantly contribute to the decarbonization of the regional chemical industry in Oman, as well as providing green hydrogen and/or derivatives (such as green methanol or ammonia) to international customers in Europe, for example in the Port of Antwerp.
These include the financing and construction of an oil refinery in the DRC to be owned jointly by both countries to meet regional demand for refined petroleum products, along with the construction of storage facilities for refined products. —Equatorial Guinea’s Minister Gabriel Mbaga Obiang Lima.
opened reservations for the Ocean electric luxury SUV, arriving in 2022, through its website and native mobile app—available globally on the App Store and Google Play store. The Fisker app offers a flexible lease program, maintenance and repair on demand, insurance purchase to easy finance options. Fisker Inc.
whereby Vitol would purchase 100% of the gasoline produced from MBFP’s industrial gasification and liquefaction facility located near. DKRW Advanced Fuels is completing final development on the project and expects to complete financing activities and ramp up construction on the facility in 2012. Medicine Bow, Wyoming. Earlier post.)
South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC). —Cyrus Rustomji, Ph.D.,
The market for batteries for electric vehicles is expected to grow to more than 2,000 gigawatt hours by 2030 according to Bloomberg New Energy Finance, resulting in more than $200 billion in battery consumption. This option makes the technology immediately available to Soteria BIG Consortium members for R&D and product development.
The Honda Prologue has long been one of the best EV deals in the industry, thanks to aggressive incentives and discount programs. percent financing for qualified buyers. That comes out to $2,000 in lease/finance cash, a $7,500 EV lease credit, and other incentives that cut into the Prologues price tag.
GM Ventures joined lead shareholders EnerTech Capital and Fairhaven Capital Partners and five existing investors to complete the Series C financing round. One of the challenges with currently available AHSS materials is the need to form parts at elevated temperatures—increasing cost and production cycle times. Click to enlarge.
In addition, truck fleets financed or purchased through Zero Now will be able to purchase Redeem fuel with a fixed discount to diesel at a significant spread. Kenan Advantage Group will be deploying its natural gas tractors in the company’s Merchant Gas Group that transports industrial gases.
million financing round, joined by existing investors Tate & Lyle Ventures, Avrio Ventures and Cultivian Ventures. The technology, based on fermentation, allows for the creation of highly pure, renewable compounds that have previously only been available from natural resources in limited quantities. The BASF subsidiary led a $18.2
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