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Japanese banks financed most of the Mumbai Trans Harbour Link. Tap to know the cost. | Autocar Professional

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The Mumbai Trans Harbour Link road is quite a feat of engineering and it’ll be ready for public use on January 12, 2024. Design and engineering Engineering the bridge was particularly challenging. Rypee and Yen Japanese banks provided most of the finance for the bridge (it costs roughly Rs 18,000 crore).

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DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

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From the second year onwards, the DOE will provide up to $155 million in additional funds to finance execution of the plan. Accomplishing these goals will contribute significantly to achieving the cost targets outlined in the DOE’s recently announced geothermal EarthShot, bringing down the costs of Enhanced Geothermal Systems (EGS) by 90%.

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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

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Lordstown Motors will use the site to build the Endurance, its flagship fully-electric full-size pickup truck designed specifically to serve the commercial fleet market. This simplicity results in just four moving parts in the drivetrain, as compared to more than 2,000 in vehicles utilizing a traditional internal combustion engine.

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Octillion Power Systems debuts new EV battery-leasing plan

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The program is designed to ensure that fleets feel prepared to make the switch from vehicles powered by internal combustion engines to electric vehicles. Ultimately, this will allow Octillion to build market cases for traditional financing groups eager to get into battery leasing but concerned by the technology.

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Ford splitting auto business into two distinct entities: Ford Blue and Ford Model e

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Ford is continuing to transform its global automotive business, accelerating the development and scaling of electric, connected vehicles, while leveraging its nameplates to strengthen operating performance and take full advantage of engineering and industrial capabilities. Ford Model e and Ford Blue will also support Ford Drive mobility.

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XL Fleet and eNow partner to electrify refrigerated trailers

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This partnership also builds on XL Fleet’s promise of delivering Electrification-as-a-Service, by giving customers the opportunity to finance or lease the refrigerated trailers and related infrastructure. XL Grid will support customers that require new charging or expanded charging infrastructure, or energy solutions.

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BIOX to build 100M liter biodiesel production facility at New York Harbor

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The selection of this site is consistent with BIOX’s strategy to locate facilities adjacent to large scale petroleum storage and diesel distribution infrastructure as well as users of petroleum diesel and blenders of biodiesel in order to minimize transportation costs to them.

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