Greening India’s Homes & Vehicles with Low-Cost Finance

EV Obssesion

In this pursuit, net-zero energy buildings (NZEBs) and electric vehicles (EVs) are the two high-leverage areas. The post Greening India’s Homes & Vehicles with Low-Cost Finance appeared first on EV Obsession.

New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

Green Car Congress

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”.

2020 209
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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

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. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.

2019 219

TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

Green Car Congress

Our ambition is to build an advanced innovation center combined with a giga factory, meaning that we will produce fuel cells with a capacity of 1200 megawatts, or 1.2 Financing alternatives are being evaluated.

Norway 372

Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

Green Car Congress

The financing allows Universal Hydrogen to accelerate the development of its hydrogen logistics network and regional aircraft conversion kits, and bolsters the company’s burgeoning commercial activities.

Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. Canada-based Enerkem Inc., a leading waste-to-biofuels and chemicals producer, has completed a C$280-million (US$223 million) investment round—its largest to date.

2018 183

Does Faraday have a Future? Latest financing disrupted—again

Green Car Reports

The development of the luxury electric Faraday Future FF91, has been a roller-coaster ride of winning financing, running into disputes, delaying the car, and finding new investors. DON'T MISS: Faraday Future gets a $2 billion lifeline to build expensive. Faraday's Future has hit another snag, in a dispute with the company's latest investors.

2018 86

Ultracapacitor manufacturer Skeleton Technologies raises €3.9M (US$5.2 M) in Round A financing

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Skeleton Technologies, a manufacturer of high power- and energy-density ultracapacitors ( earlier post ) has completed Round A financing of €3.9 The financing will be used for production scale-up and product development in addition to sales and marketing efforts. The total Round A financing, led by Estonian venture capital investor UP Invest AS includes the first financing tranche of €2.2

2014 213

SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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

2020 358

Algenol closes on additional $25M internal equity financing

Green Car Congress

Algenol has recently commenced initial operations of a pilot commercial module at its Florida development campus, which builds on the successful launch of a demonstration project in India. BioFields’ most recent investment builds atop previous commitments to Algenol that began in 2007. Algal fuels producer Algenol has closed on a $25-million dollar investment from BioFields, a Mexican business group devoted to the development of renewable and clean energy projects.

2015 179

Nornickel, Rosatom and FESRC to design and build LNG-icebreaker to escort Nornickel ships along Northern Sea Route

Green Car Congress

The parties will form a working group to develop terms of reference for the LNG icebreaker design and construction, select a shipyard, and consider financing options.

Design 195

Better Place closes $200M Series C financing; valuation now $2.25B

Green Car Congress

Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25 billion (post money valuation on a fully diluted basis) since the last financing in January 2010.

Global Bioenergies picks up new €1.4M financing for isobutene program; targeting Germany expansion

Green Car Congress

France-based Global Bioenergies, the developer of a one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, has obtained new €1.4-million (US$1.6-million) financing from Bpifrance on the isobutene program. This financing, which allows Global Bioenergies to strengthen its leadership in the field of fermentative isobutene, is structured in the form of a €1.4-million interest-free loan over seven years.

2015 184

Biomass-to-sugar company Comet Biorefining completes new round of equity financing

Green Car Congress

Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing. Terms of the financing were not disclosed.

2017 150

EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

We are honored to have received this CalSEED award and are excited to begin building our incentive-based finance platform that will change the economics of owning an electric car, especially for drivers in disadvantaged communities.”.

2020 83

Audi partner Joule announces its CO2-recycled ethanol meets US and Euro specs; $40M financing

Green Car Congress

New financing. Joule also announced the closing of $40 million in private equity and venture debt financing, supporting the company’s growth towards commercialization. This will lead to the longer-term build-out of a 1,000-acre plant to begin in 2017. The phased build-out will demonstrate the scalability of Joule’s modular SolarConverter system, which enables the direct, continuous production of fuel from CO 2 and sunlight.

2015 191

Coskata Inc. completes first close of Series D financing round

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a developer of technology for the production of advanced biofuels and biochemicals from biomass and waste materials, announced a first close of its Series D round of financing. In 2011 it received a conditional commitment for a loan guarantee from the United States Department of Agriculture to build a commercial-scale facility for the production of fuel-grade, cellulosic ethanol in the Southeast US. Coskata Inc.,

“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

Green Car Congress

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. Private green funds could help finance a global fund.

2013 269

Exelon to provide financing for 21MW of Bloom Energy SOFC projects at 75 commercial facilities

Green Car Congress

Exelon Corporation will provide equity financing for 21 megawatts (MW) of Bloom Energy solid oxide fuel cell (SOFC) projects at 75 commercial facilities in California, Connecticut, New Jersey and New York. As the first step in a long-term strategic partnership with Bloom Energy, Exelon will finance Bloom Energy projects through Bloom Electrons, a service that allows customers to buy power as a service, rather than purchasing the equipment directly.

2014 185

Electrovaya completes C$5M financing; new Office of Chairman

Green Car Congress

completed a financing for C$5 million (US$4.96 This financing provides valuable working capital for future growth, including certain strategic initiatives. accelerates, the Office of the Chairman will focus and build on the opportunities for Electrovaya through. of the Institute of International Finance, a global association of financial institutions based in Washington, DC. Canada-based Li-ion battery maker Electrovaya Inc. million).

Calysta completes $3M Series A financing; biological conversion of methane to fuels and chemicals

Green Car Congress

Calysta Energy completed a Series A financing round totaling $3 million. The financing was led by Pangaea Ventures Ltd., Calysta’s BioGTL and BioGTC natural gas conversion technologies use proprietary organisms to economically convert methane into liquid hydrocarbons, the building blocks of higher-value, easily transportable fuels and chemicals.

2013 185

Waste-to-biofuels company Enerkem raised C$50 million in latest financing round

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recently closed a C$50-million (US$47.6-million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 As part of this financing, institutional fund Investissement Québec joins existing investors Waste Management of Canada, Rho Ventures, Braemar Energy Ventures, The Westly Group, Cycle Capital, Fonds de solidarité FTQ and Fondaction, which each increased their investment in Enerkem with this new equity financing round.

2013 185

SK Innovation to build a third European battery plant in Hungary; $2.29B by 2028, 30 GWh

Green Car Congress

SK Innovation will initially invest US$1.148 billion in SK Battery Hungary (SKBH) to build its third European factory in Iváncsa, Hungary, with a production capacity of 30 GWh per year. The company plans to finance the project externally according to the construction schedule. This scale of output would supply batteries for approximately 430,000 cars based on 70 kWh per charging with a more than 400 km range.

Tesla May Lose Money Building Electric Cars, Or It May Not

Green Car Reports

Green Elon Musk Finance Loss Profit Tesla Motors plug-in carsOne of the most contentious points in coverage of electric-car maker Tesla Motors is its financial performance. On the one side, analysts and naysayers note that the company continues to lose money. CEO Elon Musk himself has admitted that the company won't turn a profit using Generally Accepted Accounting Principles (GAAP) until 2020 or later.

2015 129

Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

Green Car Congress

Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. The company’s process also produces a biochar-based product called CoolTerra that has the capability of making the fuel “carbon negative,” reversing the consequences of CO 2 build-up from fossil fuels, the company says.

2014 196

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewables account for approximately 10-15% of the global energy infrastructure investment and according to New Energy Finance renewables have been hit hard by the global recession with a 47% in Q1 2009 vs. Q1 2008 ($13.3 by Bill Cooke.

Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

Green Car Congress

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. Goldman Sachs, ICBC and Investec acted as joint lead arrangers for the senior debt financing of the plant, raising Term Loan A and Term Loan B debt capital totaling $710 million. to build the Hummel facility on a turn-key basis.

2015 184

Omnitek Engineering completes $5M placement; financing to facilitate diesel to natural gas truck engine conversion sales

Green Car Congress

Under the terms of the financing, the company will issue shares of common stock at a price of $2.12 The completion of this financing will greatly accelerate the build out of our national network of diesel-to-natural-gas conversion facilities.

2012 204

Li-ion battery maker Leyden Energy raises $10M in Series C financing; targeting stop-start

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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. Building off its lithium-imide (Li-imide) chemistry platform, which leads to fundamental improvements in battery performance based on electrolyte innovation, Leyden Energy says it has engineered new technology breakthroughs in silicon anode.

2013 207

BMW Group to build future MINI E vehicles in China with Great Wall Motor

Green Car Congress

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.

2019 232

Energy Crop Company Ceres Completes New Round of Financing

Green Car Congress

Ceres President and CEO Richard Hamilton says that Ceres plans to build a leadership position in each of these markets. The financing round was led by Artal Luxembourg and Ambergate Trust, and included European investment company Gimv, among others. Energy crop company Ceres, Inc. has completed a private offering of convertible preferred stock.

BASF invests $30M in supercritical hydrolysis company Renmatix, leading $50M financing round

Green Car Congress

The BASF subsidiary led a $50-million financing round, joined by new and existing investors. Hamilton said in an interview that the company plans to build a facility by 2014 that will ship sugar that can compete in cost with Brazil’s sugar-cane crop. BASF, through BASF Biorenewable Beteiligungs GmbH & Co.

2012 200

SK Innovation to invest $354M to build Li-ion battery separator plant in China

Green Car Congress

million) to build a Li-ion battery separator plant in China. This investment will help us build a springboard to become the world’s biggest in terms of wet separator market share, a notch up from the current position as the world’s second largest. in China, a wholly owned subsidiary, to finance the investment in the country. SK Innovation will invest 400 billion won (US$353.8

2018 204

Enerkem raises C$15M in project equity financing for its commercial waste-to-biofuels facility in Alberta

Green Car Congress

which is currently building a full-scale commercial facility in Edmonton, using Enerkem’s proprietary technology. Total financing raised by Enerkem in 2011, both at the corporate and project subsidiary levels, now amounts to C$103 million. This project equity financing by Waste Management and EB Investments supplements Enerkem’s equity position in the project, along with the C$23.35 Waste Management and EB Investments are investing C$15 million (US$14.6

2011 191

Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal

Green Car Congress

The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The contract, guaranteed by the Ukrainian government, stipulates implementation of four separate investment projects, which are to transfer national thermal energy production facilities to using coal-water fuel, and build five coal gasification plants.

Digital Currency and Trade Systems Are Tearing up the Rules

Cars That Think

However, unlike the post-World War II effort, such coordination must include technical and governance standards for all aspects of digital trade, tax, finance, privacy, and security in order to build a stable and inclusive world economy. Blockchain China Finance Encryption

Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. Without Exxon Mobil’s funding of the financing bonds the program would not have had the money to offer loans in Torrance. 2. Green Building & Remodeling.

2009 150

INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

Green Car Congress

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. This is the first large-scale advanced bioenergy project in the United States to finalize its financing in the latest round under the USDA government program to commercialize biorefinery technology.

2011 170

Mascoma and Valero establish JV for commercial-scale hardwood cellulosic ethanol facility; Valero providing majority of financing

Green Car Congress

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. Mascoma will contribute the proceeds from its DOE cooperative agreement award and its State of Michigan grant to the joint venture, while Valero will provide additional financing required to develop the Kinross facility.

2011 185

Ford and Sollers form new JV in Russia; letter of intent for $1.4B in long term financing

Green Car Congress

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 Ford Sollers will help to build the Ford brand in Russia and support profitable growth, while also strengthening the Russian automotive industry and its local supply base. Ford Motor Company and Sollers OJSC have signed agreements to establish a 50-50-owned joint venture in Russia.

2011 179

Proterra launches Proterra Powered vehicle electrification solutions to enable OEMS to build high-performance EVs for commercial fleets

Green Car Congress

Proterra also offers a turnkey approach to delivering the complete energy ecosystem for heavy-duty electric fleets through Proterra Energy fleet solutions, including charging infrastructure design, build, financing, operations, maintenance and energy optimization using the Proterra APEX connected vehicle intelligence system. Kraus has been with Proterra for more than three years and has had a leadership role in Proterra’s finance, strategy and business development efforts.

2019 161

Van Hool to build 40 hydrogen buses for Cologne and Wuppertal (Germany); largest fuel cell bus order in Europe to date

Green Car Congress

The procurement of new vehicles fits into the framework of Germany’s national innovation program for hydrogen and fuel cell technology (NIP), and is financed by the German Federal Ministry of Transport and Digital Infrastructure (BMVI), financed by the “Fuel Cells and Hydrogen Joint Undertaking” (FCH JU), the European public-private partnership is aimed at accelerating the market introduction of fuel cells and hydrogen technology, operating under the EU Horizon 2020 program.

2018 239

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

This organization will build upon the current generation of Boston-Power’s lithium-ion battery technology to develop new energy storage products and solutions. The company also will build an advanced manufacturing facility in China that will be capable of producing 400 megawatt hours (MWh) of lithium-ion battery cells annually by the end of 2012. Boston-Power, Inc.,

2011 179