Green Car Congress

MAY 21, 2020

Energy company SGH2 is bringing the world’s biggest green hydrogen production facility to Lancaster, California. Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry.

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Waste Hydrogen Green California 448

Green Car Congress

JUNE 8, 2022

The Stuttgart-based sports car manufacturer has agreed with the US company on a three-year cooperation aimed at establishing six companies from 2023 to 2025 with new business models in various areas of mobility. We want to strengthen our existing, broad-based startup ecosystem with an external growth engine.

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Porsche Los Angeles Building Financing 150

Cars That Think

MAY 9, 2024

From tech and finance, to healthcare, retail, and manufacturing, nearly every industry today has begun to incorporate artificial intelligence (AI) into their technology platforms and business operations. The result is a surging talent demand for engineers who can design, implement, leverage, and manage AI systems.

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Engine Environment Industrial Industry 64

Cars That Think

JULY 11, 2022

Cruise , the San-Francisco–based designer and operator of all-electric self-driving cars, employs nearly 2,000 engineers, including somewhere between 300 and 900 engineers with Ph.D. Here’s what Mohamed Elshenawy , Cruise’s executive vice president of engineering, told IEEE Spectrum about the company’s workforce.

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Engine Vehicles San Francisco Financing 96

Green Car Congress

NOVEMBER 29, 2019

The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Jiangsu is also one of the leading provinces for finance, education and technology.

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Mini E BMW China Future 259

Teslarati

APRIL 20, 2022

The Boring Company (TBC) announced that it raised $675 million in a Series C funding round led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth. The financing values The Boring Company at $5.675 billion.

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Las Vegas Companies San Antonio Production 114

Green Car Congress

AUGUST 21, 2020

Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and to deploy Carbon Engineering ’s large-scale Direct Air Capture (DAC) technology. Carbon Engineering’s DAC technology has four major elements.

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Carbon Companies Climate Tax Credit 221

Green Car Congress

APRIL 7, 2022

Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. Among other projects, the Santiago de Chile-based company is building the Haru Oni eFuel pilot plant in Punta Arenas (Chile). Earlier post.).

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Porsche Chile Global Industrial 243

Green Car Congress

MARCH 11, 2022

Moller - Maersk (Maersk) is entering strategic partnerships with six leading companies with the intent of sourcing at least 730,000 tonnes/year by end of 2025. The six companies are CIMC ENRIC, European Energy, Green Technology Bank, Orsted, Proman, and WasteFuel. To boost the global production capacity of green methanol, A.P.

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Green Companies Switzerland Denmark 199

Green Car Congress

NOVEMBER 15, 2022

Archer plans to initially build out a 350,000 square-foot facility, capable of producing up to 650 aircraft per year. Archer has entered into an LOI with Synovus Bank, the largest bank headquartered in Georgia, with the intent of obtaining financing to support the project. SANTA CLARA, Calif.--(BUSINESS BUSINESS WIRE)--.

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Georgia Manufacturer Financing Grant 199

Green Car Congress

NOVEMBER 3, 2020

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). The combined entity will trade on the NASDAQ exchange under the ticker symbol “RIDE.”.

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Motor Motors Motoring Fleet 321

Green Car Congress

FEBRUARY 8, 2023

bp says that it will invest more in the energy transition and bp’s own transition, with up to $8 billion more slated for transition growth engines (TGEs) by 2030. billion capital expenditure—nto its transition growth engines, including the acquisition of Archaea Energy. In 2022, bp invested $4.9 billion over the year to $21.4

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Engine Oil Hydrogen 2019 150

Green Car Congress

MAY 5, 2016

million in Pivotal, a cloud-based software platform company with which it already has partnered ( earlier post ) on FordPass ( earlier post ), to further enhance its software development capabilities. million investment in Pivotal to help drive Ford’s transition to both an auto and a mobility company. Ford is investing $182.2

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Ford F-150 Companies Connect 150

Green Car Congress

JANUARY 24, 2013

a developer and manufacturer of advanced batteries, has raised $10 million in Series C financing from existing investors, including New Enterprise Associates (NEA), Lightspeed Ventures, Sigma Partners and Walden International. The company closed a $20-million Series B round in August 2011. Leyden Energy, Inc.,

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Li-ion Financing Energy Batteries 240

Green Car Congress

APRIL 5, 2023

SCC55 is a combination of carbon, silicon, and void space and is readily available as a drop-in ready for any blend ratio with graphite or as a complete displacement to deliver unmatched energy density and cycle life stability.Fully compatible with graphite, SCC55 boosts energy density by 30% over 1000 cycles even with a 20% blend, the company says.

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Commercial Batteries Battery Porsche 199

Cars That Think

JUNE 26, 2023

Landing a job in the video-game industry is a dream for many young engineers, but for Sushama Chakraverty , it was a happy accident. Back in 2001, she spotted a poster on her professor’s door advertising for an internship, and she applied without knowing the company she’d be working for.

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Engine Baltimore 2001 Maryland 71

Green Car Congress

JUNE 26, 2017

Velocys plc, a provider of technology for smaller scale gas-to-liquids (GTL), is planning a new strategy under which it will focus on building plants that convert woody biomass to high-specification renewable diesel and jet fuel for the US market. Currently, Velocys technology is producing Fischer-Tropsch (FT) product at ENVIA.

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Diesel Market Companies Renewable 150

Green Car Congress

MARCH 6, 2012

Virdia, formerly HCL CleanTech, a developer of cellulosic sugars, announced a number of major company milestones, including a new brand and CEO, its latest funding round, and a $75-million deal with the Mississippi Development Authority to build manufacturing plants in the state. Earlier post.)

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Mississippi Building Companies 2007 199

Green Car Congress

FEBRUARY 2, 2018

Venture-backed startup Joby Aviation has secured $100 million in Series B financing to take its all-electric vertical take-off and landing (eVTOL) passenger aircraft into pre-production and certification. The company is now focused on developing a commercial version of that design, and preparing that vehicle for certification.

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Toyota Financing Singapore Electric 225

Green Car Congress

MAY 21, 2013

Eos Energy Storage, a developer of zinc-air grid-scale battery technology, completed its $15-million Series B financing round with participation from a syndicate of 21 strategic and financial investors. The company is in advanced discussions with several states regarding the location of its pilot manufacturing facilities.

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Zinc Air Energy Storage Companies Energy 210

Green Car Congress

SEPTEMBER 23, 2013

Pinto Energy LLC (Pinto), a developer of smaller scale Gas-to-Liquids (GTL) facilities, will build a 2,800 barrel per day (bpd) GTL plant at Pinto’s 80-acre industrial site to the east of Ashtabula, Ohio. The company has agreed to commercial license terms with Velocys and made a down payment towards the FT reactors.

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Building Energy 2013 Gas 252

Cars That Think

NOVEMBER 22, 2021

Professionals who specialize in engineering and technology management must understand cross-discipline concepts and contribute to multifunctional teams. Many engineers and technical professionals lack vital skills. This course was well structured and gave us a taste of the world outside of the engineering realm."

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Engine United Kingdom Financing Future 98

Green Car Congress

JULY 20, 2017

Autonomous vehicle technology company Nauto ( earlier post ) closed a $159-million Series B financing round, led by a subsidiary of SoftBank Group Corp. While building an increasingly intelligent telematics business, Nauto is also generating a highly valuable dataset for autonomous driving, at massive scale.

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GM BMW Companies Toyota 170

Green Car Congress

MAY 14, 2021

AlphaStruxure will design, build, finance, own and operate the project to enable Ride On’s growing electric bus fleet. AB Energy USA is the American subsidiary of AB—a company dedicated to cogeneration and to the development of renewable energy sources such as biogas and biomethane.

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Maryland Charging USA Fleet 381

Green Car Congress

DECEMBER 19, 2022

million) in another financing round. The proceeds of the investment round will accelerate the company’s growth and support the scaling and commercialization of Synhelion’s solar fuels technology. ETH-Zurich spin-off Synhelion has raised CHF 22 million (US$23.6 Synhelion is developing two pathways to solar fuels: Redox splitting.

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Solar Fuel Production Carbon 210

Green Car Congress

APRIL 28, 2021

The company is building on nearly two decades of battery expertise by centralizing a cross-functional team of 150 experts in battery technology development, research, manufacturing, planning, purchasing, quality and finance to help Ford develop and manufacture battery cells and batteries more quickly. This 200,000 sq.-ft.

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Ford Global F-150 Batteries 334

Green Car Congress

JULY 27, 2023

We will share Smart EV technologies and world-class design and engineering capability with each other and learn from each other. —Jürgen Rittersberger, Member of the Board of Management of AUDI AG responsible for Finance, IT and Legal Affairs SAIC and Audi have signed a memorandum of understanding.

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Audi China Chinese Connect 282

Teslarati

MAY 5, 2021

Lucid Motors has announced that it has appointed former Waymo Treasurer and Head of Investor Relations Sherry House as its Chief Financial Officer ahead of the automaker’s decision to become a publicly-traded company. Lucid CEO and CTO Peter Rawlinson is excited about his company’s new addition.

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Companies Motor Motors Motoring 88

Green Car Congress

JULY 24, 2018

We are also actively marketing the company to new and existing institutional shareholders with recent meetings in Asia, United States, London, Europe and Canada from which we have had much positive feedback. Hatch Engineering is providing engineering design assistance for the electrochemical plant. Whabouchi Mine Construction.

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Financing Canada Lithium Ion Installation 150

Green Car Congress

FEBRUARY 9, 2012

a portfolio company of Lone Star Investment Advisors, is building a fleet of 60 Peterbilt Model 388 LNG (liquefied natural gas) trucks. The Peterbilt Model 388 tractors are equipped with a Westport HD 15-liter natural gas engine and fuel system. Rush Truck Financing helped secure the financing for the 60-truck deal.

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Peterbilt Los Angeles Green Fleet 199

Green Car Congress

MARCH 22, 2022

By locally integrating its combustion-engine (ICE) and electric vehicle (EV) assembly, American-focused engineering, battery know-how, and software development, Volkswagen aims to drive 55% of US sales to be fully-electric by 2030. This strategy builds on the company’s preparation of its Chattanooga facilities for local EV production.

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North America America Manufacturer San Jose 195

Green Car Congress

MARCH 7, 2021

International precious metals mining company Sibanye-Stillwater has entered into an investment agreement with Finnish lithium miner Keliber Oy. The €40-million investment will allow for the completion of further detailed mining optimization studies, permitting, metallurgical test work and detailed engineering design.

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Finland Batteries Battery Financing 243

Green Car Congress

JUNE 9, 2011

Ford Motor Company and Sollers OJSC have signed agreements to establish a 50-50-owned joint venture in Russia. Ford and Sollers also signed a Letter of Intent with Vnesheconombank (VEB), the Russian development bank, for long-term financing for Ford Sollers of 39 billion Russian roubles, or approximately $1.4

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Russia Financing Ford 2002 199

Green Car Congress

JANUARY 17, 2020

In January 2019, MAN Energy announced it was developing an ammonia-fueled engine. This builds on the technology development pathway that MAN ES presented at the NH3 Energy+ Topical Conference at Pittsburgh in October 2018. The €5-million (USD$5.7-million)

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Fuel 2019 Singapore Emissions 221

Green Car Congress

DECEMBER 9, 2011

At that time, Mascoma, Valero, and Mascoma’s operating subsidiary, Frontier Renewable Resources LLC, jointly owned with natural resource management company, J.M. These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan.

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Financing Commercial Michigan Corporation 210

Green Car Congress

AUGUST 10, 2015

Additive manufacturing (3D printing) company Carbon3D Inc. Carbon3D joins the Technology Pioneers program as the first additive manufacturing company to be selected. The manufacturing time allowed engineers to make design iterations much more quickly than with traditional methods.

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Manufacturer Ford Companies Transit Connect 150

Green Car Congress

AUGUST 20, 2015

Additionally, through a substantial yield advantage of the methanotroph over other microbes, Intrexon’s bioconversion platform has a favorable economic profile that, based on current targets, will allow even small scale demonstration plants to achieve profitability within the first year of production, the company said.

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Gas Commercial Companies Conversion 150