Green Car Congress

JANUARY 20, 2021

Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. —Scott Mercer, Founder and CEO of Volta.

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Charging Financing Store Porsche 417

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 97

Baua Electric

JANUARY 11, 2024

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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Financing Japan India Wind 52

Green Car Congress

MAY 21, 2020

Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry. It can also provide lowest-cost long-term storage for electrical grids relying on renewable energy. Hydrogen can also reduce and potentially replace natural gas in all applications.

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Waste Hydrogen Green California 448

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

Green Car Congress

JUNE 8, 2022

We want to strengthen our existing, broad-based startup ecosystem with an external growth engine. —Lutz Meschke, Deputy Chairman of the Executive Board of Porsche AG and Member of the Executive Board for Finance and IT. Development is already underway for the first two startups, to be founded before the end of 2022.

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Porsche Los Angeles Building Financing 150

Green Car Congress

DECEMBER 15, 2022

Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, raised $214 million in additional financing from a consortium including Microsoft’s Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel. Earlier post.)

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Lithium Ion Oman Batteries Battery 150

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

MARCH 1, 2018

Ballard believes that its fuel cell engine product line has an unparalleled performance record. Van Hool has been building hydrogen buses for the American market since 2005 and for the European market since 2007. By now, Van Hool has produced 53 hydrogen buses for North America (21) and Europe (32).

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Hydrogen Germany Europe Fuel 284

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 completed build-out of pilot manufacturing and testing facilities at its Fremont, Calif.

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Li-ion Financing Energy Batteries 240

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

AUGUST 6, 2019

From initial design consulting, engineering services and integration, to service support, training, and charging infrastructure implementation, Proterra offers comprehensive solutions for vehicle electrification. The Proterra Powered group is led by Toby Kraus.

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Fleet Commercial Building Power 170

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. Sushama Chakraverty Employer: Sledgehammer Games, Toronto Title: Senior User Interface Engineering Manager Education: Bachelor’s degree in computer engineering, D.Y. I was having too much fun.”

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Engine Baltimore 2001 Maryland 76

Green Car Congress

MAY 5, 2023

From the second year onwards, the DOE will provide up to $155 million in additional funds to finance execution of the plan. Over the next five years, the consortium will address four key facets to accelerate geothermal development and production: technology transfer; demonstration and deployment; barriers to expansion; and workforce adoption.

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Oil Grant Gas Industrial 170

Green Car Congress

OCTOBER 3, 2019

Financing a first of its kind plant, based on an innovative technology is always a challenge. Progress in engineering and forecasted prices for our products now higher than initially anticipated are fueling our optimism regarding the plant’s financing within the new schedule. Global Bioenergies will soon be receiving €2.6

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Global Financing France Renewable 223

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 111

Cars That Think

JANUARY 18, 2023

In a region known for long, dark winter nights, Polar Night Energy is building a system in the city of Tampere that can heat buildings with stored solar energy — all day, all night, and all winter long. Out of Finland’s energy-related emissions, 82 percent come from heating domestic buildings (Ref. There is nothing special here!”

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Store Solar Building Oil-Sands 89

Green Car Congress

APRIL 7, 2022

Among other projects, the Santiago de Chile-based company is building the Haru Oni eFuel pilot plant in Punta Arenas (Chile). These electricity-based synthetic fuels enable nearly-CO 2 -neutral operation of combustion engines. Earlier post.). Punta Arenas pilot plant under construction.

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Porsche Chile Global Industrial 243

Green Car Congress

APRIL 5, 2023

Group14 has committed to purchase more than $30 million in US steel for the first two BAM-2 modules, buildings and equipment and plans to work with American suppliers to secure necessary components, from asphalt to HVAC systems, to build a more robust domestic energy supply chain.

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Commercial Batteries Battery Porsche 199

Green Car Congress

NOVEMBER 3, 2020

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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Motor Motors Motoring Fleet 321

Green Car Congress

OCTOBER 29, 2015

Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. to build the Hummel facility on a turn-key basis. The Term Loan B debt received an initial credit rating of BB- and a “1” recovery rating by Standard & Poor’s.

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Coal Financing Conversion Power 150

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. Pinto has chosen Ventech Engineers International LLC (Ventech) as the project’s EPC Contractor.

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Building Energy 2013 Gas 252

Green Car Congress

NOVEMBER 20, 2014

million in financial assistance to FirstElement Fuel to build additional hydrogen refueling stations around the state. Additional state grants, combined with the Honda financing, could enable FirstElement to add at least 12 stations to its California hydrogen network.

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Honda Hydrogen California Building 281

Green Car Congress

OCTOBER 9, 2021

In June, Electric Hydrogen closed a $24-million Series A financing to support continued product development and expansion of its operations in the Greater Boston and San Francisco Bay areas. Electric Hydrogen is engineering a high-performance product for water electrolysis—something that could scale up to significant commercial applications.

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Hydrogen San Francisco Boston Water 199

Green Car Congress

AUGUST 18, 2011

INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. Earlier post.)

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Florida Financing Renewable Waste 186

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. Mortenson will provide construction services and Arup will serve as engineer of record. AlphaStruxure is a joint venture between the Carlyle Global Infrastructure Opportunity Fund and Schneider Electric.

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Maryland Charging USA Fleet 381

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. We envision a future where commuting by eVTOL is a safer, faster, and cost-competitive alternative to ground transportation.

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Toyota Financing Singapore Electric 225

Green Car Congress

DECEMBER 19, 2022

million) in another financing round. Synhelion has developed a solar thermal process for the production of syngas, which is then used in standard industrial processes to synthesize liquid fuels, such as kerosene, gasoline, or diesel, that are compatible with conventional jet engines and internal combustion engines.

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Solar Fuel Production Carbon 210

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

JUNE 9, 2011

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 The new business, named Ford Sollers, is scheduled to start operations later this year.

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Russia Financing Ford 2002 199

Green Car Congress

AUGUST 6, 2020

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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Power Powered Batteries Battery 307

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

MARCH 7, 2021

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.

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Finland Batteries Battery Financing 243

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

DECEMBER 14, 2021

By building on Harley-Davidson’s 118-year lineage, LiveWire’s mission is to be the most desirable electric motorcycle brand in the world, leading the electrification of the sport. This approach means we get to market faster, with less bespoke engineering required for each incremental model.

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Electric Motorcycles Motorcycles Companies Electric 418

Green Car Congress

DECEMBER 9, 2011

The cost to construct, commission and start-up the Kinross facility is expected to be approximately $232 million, based on current external engineering estimates, and includes certain up-front infrastructure costs that will enable the expansion of the facility to 40 million gallons per year.

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Financing Commercial Michigan Corporation 210

Green Car Congress

JULY 24, 2018

Whabouchi mine site is under construction and prep work is underway for crushing and ore sorting buildings as well as surrounding areas of concentrator. Hatch Engineering is providing engineering design assistance for the electrochemical plant. Further to the recent completion of a CAD1.1-billion Whabouchi Mine Construction.

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Financing Canada Lithium Ion Installation 150