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Omnitek Engineering Corporation, a developer of natural gas engines and diesel-to-natural gas conversion systems, has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 million in gross proceeds. Merriman Capital, Inc.
Nissan, Mitsubishi Corporation, Mitsubishi Motors Corporation, PSA Groupe, NUVVE, Frederiksberg Forsyning, Enel, Insero and DTU (Technical University of Denmark) Electrical Engineering (PowerLabDK) are partnering in the Danish project Parker to develop a universal definition for grid integration for electric vehicles.
While some work still remains to be completed before signing—including final documentation, financing and government approvals—Ford and Geely anticipate that a definitive sale agreement will be signed in the first quarter of 2010, with closing of the sale likely to occur in the second quarter 2010, subject to appropriate regulatory approvals.
Seven companies from the GET H2 initiative in Europe want to build a cross-border pipeline for green hydrogen. Collectively, the overall project can map the essential building blocks of the green hydrogen value chain and form the basis for an efficient European gas infrastructure for hydrogen.
BIOX Corporation, Canada’s largest biodiesel producer, signed definitive agreements with International-Matex Tank Terminals (IMTT) to secure the site and related infrastructure for the construction of its second biodiesel production facility. BIOX’s second facility will have a 100 million liter annual capacity (26.4
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. Valero will provide project management to build and will operate the Kinross facility, and will hold a majority interest in the joint venture.
has entered into a definitive supply agreement with HCS Holding GmbH (HCS) to supply renewable isooctane ( earlier post ) under a five-year offtake agreement. The agreement with HCS is a key milestone for Gevo and represents our first definitive purchase agreement for long-term supply from our first commercial scale hydrocarbon site.
Vulcan Energy Resources signed a Term Sheet agreement with Nobian GmbH (Nobian) for the formation of a 50/50 joint venture over, and equity financing of, Vulcan’s Central Lithium Plant (CLP), which forms part of Vulcan’s Zero Carbon Lithium Project ( earlier post ).
ABIC), a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement under which ABIC will combine with LiveWire, Harley-Davidson’s electric motorcycle division ( earlier post ), to create a new publicly traded company. Harley-Davidson and AEA-Bridges Impact Corp.
Navistar intends to leverage the bus body building expertise of Neobus and Navistar’s strengths in powertrain and chassis development. Finalization and execution of the binding Definitive Agreements are expected in the near future. Another affiliate offers financing services. —John McKinney, president Navistar Global Bus.
Genomatica and Novamont have signed a definitive agreement establishing a joint venture (JV) for the first industrial plant in Europe producing butanediol (BDO) directly from renewable feedstocks. This follows the announcement on 18 August 2011 of a letter of intent between the companies. Earlier post.).
in financing ( earlier post ), conditionally secures medium-term funding and includes financing in the form of subscription agreements in the amount of €150 million (US$222 million) as well as a strategic alliance for China including joint ventures on manufacturing, technology and distribution. Spyker Cars N.V.
This financing, together with a combination of Sibanye-Stillwater’s extensive mining expertise that will complement the skills and local knowledge of the experienced Keliber team, will ensure the continued progress of the project to a build ready phase. The project financing would include both a debt and equity component.
Electrify America uses definitions for low-income communities (LIC) and disadvantaged communities (DAC) established by the State of California, which are published and mapped by the California Air Resources Board (CARB) on its “Disadvantaged and Low-income Communities Investments” webpage. Electrify America is investing $2.7
The “Inflation Reduction Act” will drive roughly 30GW/111GWh of energy storage build from 2022 to 2030, according to BNEF. Meanwhile, projects face long lead times to finance, develop and commission. Europe, however, is catching up with a significant ramp-up in capacity fueled by the current energy crisis.
Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.
The Assessment Framework builds on Canada’s commitment under the 2021 Glasgow statement to end new direct public support for the international unabated fossil fuel energy sector. Canada is also committed to phasing out public financing of the fossil fuel sector. definition of subsidies as a reference.
This MOU is the first step toward a longer-term agreement through which we plan to build on the foundation A123 has established in the US and help expand the company’s capabilities both domestically and internationally, which we believe would create long-term value to the customers, investors and other stakeholders of both companies.
The first phase involves the design, build and supply of two next-generation MW-scale containerized stationary PEM fuel cell systems totaling 3-megawatts, based on our new high-durability LCS fuel cell stack [ earlier post ]. Under the Development Agreement, we are planning for two phases of work.
signed a definitive agreement to form a joint venture to manufacture and commercialize carbon fiber and derivatives. Following initial equity investments from the two companies, the JV will finance its growth through cash flow from operations and financial institutions.
and Bunge Global Innovation LLC, a wholly-owned subsidiary of agribusiness and food company Bunge Limited, along with other Bunge subsidiaries have signed definitive agreements forming a joint venture to build, own and operate a commercial-scale renewable tailored oils production facility adjacent to Bunge’s Moema sugarcane mill in Brazil.
With support from the EIB and InnovFin – EU Finance for Innovators Energy Demonstration Projects facility, the Swedish Energy Agency, and industrial partners, the establishment of Northvolt Labs is a key step towards the launch of Northvolt’s large-scale battery cell factory, with ultimate planned capacity of 32 GWh by 2023.
A direct implication of this analysis is that additional policy measures are needed to reduce risk and build confidence in second-generation biofuel companies in the early stages of commercialization. Harmonizing definitions of eligible pathways between this tax credit and the RFS2. —Miller et al. Pacific Ethanol, Rentech Inc.,
High definition maps will be updated with a fast connection to the internet on phone or other mobile devices. This consortium, which will be set up later this year, will define the exact scope of the project and start talks with EU and national authorities regarding possible co-financing.
German State and Federal policy increasingly supports decarbonizing heating and power grids, with a focus on decentralized, renewable energy, and Vulcan intends to build a number of distributed geothermal renewable energy plants across the Upper Rhine Valley region.
Canada-based Sigma Lithium Corporation ( earlier post ) has begun construction on site to build the foundation and infrastructure installation of its greentech dense media separation production plant, at its wholly owned Grota do Cirilo project in Brazil.
billion EOT carry account loan in full, comprising the amount of common share investments in OT LLC funded by TRQ on behalf of EOT to build the project to date, plus accrued interest. This is in line with restrictions on debt financing contained in Resolution 103, passed on 30 December 2021.
The US has up to now adhered to the user-fee principle in financing transportation infrastructure—i.e., To date, the literature does not have a definite account of the overall environmental effects of congestion pricing. users pay for the construction and maintenance of roads via a federal fuel tax. —Huang et al.
Creative Greenius talks AB 811 Financing to the Green Task Force / photo (c) Debra Bushweit Galliani. Larry Sutton, the Account Executive from Southern California Edison, did the perfect job teeing up my solar financing presentation by sharing with all of us just how much SCE’s electric rates will be going up this year.
The Michigan Assembly plant is getting a third shift as Ford continues to lean on gas vehicle sales to bolster its finances. “Their intentions were to build 180,000-plus units. Right now, we’re looking at 55,000 units they’re gonna build. “We definitely need to work to match capacity with demand.
Intel Corporation announced a definitive agreement under which Intel would acquire Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. The offer is not subject to any financing conditions.
In addition to the capital investment, the companies have entered into an agreement to negotiate and execute a definitive license agreement whereby Aqua Metals will grant Yulho a license to deploy Aqua Metals’ patented AquaRefining technology in South Korea in its own facilities.
The definitive Asset Purchase Agreement with Foxconn, implementing the AIP, was executed earlier this week.”. It planned to begin building Endurance pickups in September, but this was evidently delayed, according to a note to investors from the Q3 Earnings Call. Lordstown has been struggling with cash flow issues for most of 2021.
It’s unclear if the same magnitude of shutdowns will happen this time around given low interest rates and the years of high oil prices may have helped build stripper’s cash reserves (interest rates in the 1980s were significantly higher). Yet it is definitely worth keeping an eye out for signs of strippers shutting down.
Instead, they come from an incredibly long list of different technical fields—e-commerce, finance, game development, animation, cameras, semiconductors, and app development. Mohamed Elshenawy: In AI, we have machine-learning (ML) engineers that build the on-the-road decision-making modules. Where do these engineers generally come from?
A new press release from Polestar shows that the automaker and Guggenheim have already entered into a definitive business combination agreement that will see the two companies merge, similar to how Lucid Motors and Churchill Capital Corp. IV did several months ago. Additionally, Deutsche Bank Securities Inc.
Organizers hope to build the undersea cable within the next six years at an estimated cost of €3.5 Building such cables involves laying and stitching together lengths of heavy submarine power cables from specialized ships—the expertise for which lies with just two companies in the world. billion) toward building the cable.
The Proterra Energy division offers a turnkey electrification solution for fleets, including financing, charging infrastructure and maintenance. The company builds its own battery packs, and has a current production capacity of 500 megawatt-hours per year. Charged : Tell us more about the components that you build in-house.
California’s is the most aggressive regulation to establish a definitive mechanism to meet required zero-emission vehicle (ZEV) sales that ramp up year over year, culminating in 100% ZEV sales in 2035. Sales of new ZEVs and PHEVs will start with 35% that year, build to 68% in 2030, and reach 100% in 2035.
We need to go all out in building charging infrastructure and developing the workforce required to install and maintain it.” Hirt encouraged Martinson to join the team as a volunteer and executive producer who would help to finance the film. We can advise planning departments regarding infrastructure and building codes.” “So,
As more fleets of medium- and heavy-duty vehicles go electric, there’s a growing awareness that building the necessary charging infrastructure will be a complex proposition, requiring specialized expertise and considerable capital. TeraWatt has only recently come out of stealth mode, and has yet to announce any major customers.
But at last weeks official launch of XPengs new flagship store in Sydney, the brands global finance and accounting vice president James Wu confirmed the model roll-out plan was significantly more ambitious. We are definitely open for different types of architectures, he declared. READ MORE: Model rush!
Instead, it’s aiming to build an authentic-truck brand among what we suspect are current buyers of Land Rovers, top-end GMCs and German luxury trucks. It was a stunt, granted, but definitely a first for most of us. But Rivian isn’t really targeting those trucks. The food was splendid.).
Stated Zack Krelle, an analyst with TrueCar: “Interest rates on vehicle loans appear to be plateauing as manufacturers offset higher financing costs with increased APR-based relief.” building up in April. This is definitely going to be the year of affordability,” Parker stated. Honda Motor Co.,
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