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Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Audi, along with ETOGAS, is building the first commercial-scale demonstration plant (6.3 Financing Project VGV: the Green Redemption Fund.
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. This agreement provides meaningful, near-term funding that will go directly toward building and delivering vehicles to customers in 2019. Workhorse Group Inc.,
China’s Tsingshan , the world’s largest producer of stainless steel, will invest $375 million to build a lithium plant in Argentina with French multinational mining and metallurgy company Eramet. interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9%
A key change will need to take place in how the costs of transport are internalized, as the wider costs to society arising from road accidents, poor health, social impacts and environmental degradation, often described as the ‘external' costs, are currently excluded from the price that transport users confront.
Calysta Energy completed a Series A financing round totaling $3 million. The financing was led by Pangaea Ventures Ltd., 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. Earlier post.).
The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. This is equivalent to energy costs of US$60 a barrel. The report was formally handed over to partners on 20 December.
President Obama today announced nearly $4 billion in combined federal and private sector energy upgrades to buildings over the next 2 years. Under the ESPC program, new energy efficient equipment is installed at Federal facilities at no up-front cost to the government. —President Obama.
SITA UK, one of the country’s leading recycling and resource management companies and a subsidiary of Suez Environment, has signed an exclusive agreement with Cynar Plc to build Britain’s first fully operational plants to convert end of life plastic into diesel fuel. Cynar’s first plant is built and operating in Portlaoise, Ireland.
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.
Building sustainable and clean energy systems will be harder, riskier and more expensive without nuclear, according to the new report, Nuclear power and secure energy transitions: From today’s challenges to tomorrow’s clean energy systems.
BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. The option of letting consumers finance the chargers will ultimately fall into the hands of dealers and manufacturers, the company said. billion to build out a national network of EV chargers.
to finance the development and production of low-carbon fuels and energy transition metals. Our extensive experience in building, developing and financing natural resource assets and companies allows us to consider trade-offs of resource projects thoughtfully.
Ultimately, this will allow Octillion to build market cases for traditional financing groups eager to get into battery leasing but concerned by the technology. With leasing, the upfront cost of the battery is significantly reduced, making the vehicle, in most cases, less expensive than ICE vehicles. —Paul Beach.
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. The design significantly increases reliability, maximizes performance, and reduces total cost of ownership.
Cost of carbon abated for transport applications. Cost of carbon abated. Strategically the UK needs to consider the most cost effective approach for decarbonizing, the report notes. For heating applications using natural gas as a counterfactual, Bio-SNG offers a cost per tonne of CO 2 e abated of ~£175/te.
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., Clean Energy will then help offset the monthly cost of newly-acquired NGVs to make it consistent with the cost of a diesel truck, if the customer makes a fuel commitment.
In 2008, EGAB entered into a 25-year agreement with the City of Edmonton to build and operate a waste-to-biofuels facility on municipal land and to receive the City’s sorted municipal solid waste as feedstock. Construction of the biofuels facility is expected to begin by the end of 2009, at a total cost of approximately C$70 million.
The feasibility study is expected to determine the most likely pipeline route, the estimated costs of constructing such a pipeline, and review regulatory, legal and permitting requirements. Denbury’s preliminary internal estimates suggest this would be a 500 to 700 mile pipeline system with a preliminary cost estimate of approximately $1.0
Proterra launched Proterra Energy fleet solutions , a full suite of options that enable turnkey delivery of a complete energy ecosystem for heavy-duty electric fleets, including design, build, financing, operations, maintenance and energy optimization. Recently, Proterra announced a partnership with Mitsui & Co.,
The zero-emission commitment from the school significantly lowers operating and fuel costs for the district to 50% of what it paid previously when charging its electric buses, as well as reducing the exposure of students and the local community to diesel particulate pollution. kWh through AMPLY’s fully-managed, turnkey charging services.
To help California mitigate its ever-growing wildfires, this year CalSEED has included companies that are innovating in technologies that will build wildfire resiliency into the grid. EV Life, LLC is building the first online platform that gives drivers everything they need to switch from gas to an electric car. by at least 10 times.
Specified performance targets for 2015 for battery-electric and plug-in hybrid electric passenger vehicles include: Maximum speed of not less than 100 km/h (62 mph); All-electric driving range of not less than 150 km (93 miles) and 50 km (31 miles), respectively; Battery power/kg target of 150W/kg, at a cost of 2 yuan/Wh ($0.31/Wh),
Finance companies affiliated with some automakers offer $7,500 toward leases on EV models, making monthly lease payments very affordable. We know that once purchased, EVs typically cost much less to power and maintain than gas cars, but many consumers voice fair concerns about the up-front cost of the vehicles.
With less hardware to purchase and less equipment to install, the multi-dispenser charging solution lowers the cost of infrastructure for customers. It also reduces space needed for charging systems, which is optimal for space-constrained depots and parking facilities.
Our first project must be absolutely ‘bankable’ to obtain the necessary project financing. This means selecting proven technologies, processes, engineering firms and suppliers to build a highly predictable operation for the production of gasoline. Optimization of this section will yield significant cost benefits.
teamtechnik performs functional testing to confirm performance before building the drive into the electric vehicle. By 2040, it’s expected that 54% of new vehicle sales will be electric vehicles, according to Bloomberg New Energy Finance. Batteries currently represent a third of the cost of an EV.
Noting that higher voltage (42V) batteries were tried—and failed—more than a decade ago, Pike said that at that time, converting all onboard electronics to the higher voltage was viewed as impractical, and the cost of DC-to-DC converters was prohibitive. Battery swapping gives way to battery financing.
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.
Road works will include expanding roads to two lanes, building new sections, and constructing and strengthening culverts and bridges. Once the project is completed in December 2017, ADB will have financed upgrades to nearly 2,200 km (1,367 miles) of the network. million.
The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. Source: KPMG. Click to enlarge. billion in 2005.
Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Batteries are the platform technology for clean energy goals, so financing these supply chains is at the heart of the race towards net zero. Most of this (56%) will be put towards building 1.2
the objective is that of building an aeroplane that works on hydrogen, taking advantage of the fuel cell technology at present available to create a demonstrator aircraft that is able to connect cities through flights while totally eliminating the environmental impact. The overall cost of the project is €4.5 million (US$6.6
The deal will finance the delivery of H2X Global’s US$300 million in purchase agreements for vehicles that include the Warrego (utility vehicle), Paroo (garbage/deliver/concrete trucks), and Swan (passenger bus). to fastrack H2X’s delivery of 800 hydrogen-powered vehicles.
The cost of developing the Shenji NX9031 is roughly equivalent to building 1,000 battery swap stations, Li previously said, the report by Cailian noted. The construction cost of Nios first-generation battery swap station was about RMB 3 million, while the cost of the third-generation station has been reduced to about RMB 1.5
million in its first financing round from Burrill & Company and Khosla Ventures. The Bergius process ensured high yields of sugars, but the costs of recovery and reconcentration of the HCL has made the process costs too high for economic viability. Israel startup HCL CleanTech Ltd. HCL CleanTech process. Click to enlarge.
The agreement will see the three companies extensively collaborate on developing unique fleet and mobility solutions; building India-specific electric vehicles and infrastructure; and nurture opportunities and offerings for aspiring driver partners with customized vehicles on the Ola platform. Ola already hosts more than 1.3
The Universiade Center is a landmark green building project currently under construction at a cost of US$548 million, comprising a main sports stadium, swimming complex and multifunctional arena. Shenzhen is the site of the World University Games in August 2011.
From the quantification of the dependencies between costs, vehicle performance and HRS network development, the project developed a model to predict the rate of vehicle uptake in different circumstances. This model indicates that, once refueling options are available, the initial uptake will be limited by the cost of buying the vehicles.
Euronav has entered into new contracts for the building of 3 Suezmaxes and that is has lifted the option to build a third VLCC as per its announcement on 22 April 2021. The three firm Suezmaxes were contracted for a total cost of US$199.2 million (US$66.4 million each).
Global Bioenergies, a developer of one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, and Cristal Union, the 4 th largest European beet producer, have formed IBN-One, a joint venture to build and operate the first plant in France converting renewable resources into isobutene.
However, the financial cost of the shift is causing concern. The second measure aims at making the support of renewable energies more dependent on the rules of competition and thus more cost-effective. For example, the investor offering the lowest feed-in tariff would be awarded the contract to build a new wind farm.
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