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 181

TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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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 375
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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

Changes in how transport is financed are essential if cities and nations are to deal effectively with the rapid growth in motor vehicle traffic and related environmental and health problems, including climate change, according to a new report by the Transport Research Laboratory released at Fifth Regional EST Forum in Asia by the Institute for Transportation and Development Policy (ITDP) and the Partnership for Sustainable Low Carbon Transport.

Tesla’s future capabilities in autonomy, chip building are best in industry: expert

Teslarati

Finance to discuss what is priming companies for the future, along with where they rank in terms of preparedness. And of course, it’s no longer just about building the electric vehicle. These days, everybody can build electric vehicles.

Coskata Inc. completes first close of Series D financing round

Green Car Congress

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. The major investors from previous rounds participated, including The Blackstone Group, Khosla Ventures, Total Energy Ventures International (part of Total, one of the world’s major Oil and Gas groups), ATV, Globespan Capital Partners, General Motors, Arancia, and Sumitomo. Coskata Inc.,

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.

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 209

Energy Crop Company Ceres Completes New Round of Financing

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The company also grew its international presence, and is deploying its seeds and technology in Brazil. 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.

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 188

Digital Currency and Trade Systems Are Tearing up the Rules

Cars That Think

A 2021 report from the Bank for International Settlements found that 86 percent of central banks surveyed were exploring the possibility of issuing a central bank digital currency, and the first ones are now live in the Bahamas and Bermuda. Blockchain China Finance Encryption

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 181

Pinto Energy to build 2,800 bpd small-scale GTL plant in Ashtabula; Velocys microchannel technology

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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. Ventech is a global leader in the design and construction of new modular refineries, and will build these GTL plants at their Pasadena, Texas fabrication complex.

2013 216

Darling International and Valero Considering Forming a Joint Venture for Renewable Diesel

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Darling International and a subsidiary of Valero Energy Corporation are taking initial steps towards the formation of a joint venture to build a facility capable of producing more than 10,000 barrels/day or (135 million gallons per year) of renewable diesel on a site adjacent to Valero’s St. billion of debt financing guarantees available for projects that employ innovative energy efficiency, renewable energy and advanced transmission and distribution technologies.

2009 181

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

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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 believes that its current financial resources combined with its future cash flow from operations and debt financing should be sufficient to enable it to construct and commission the second BIOX facility.

2012 212

LG Chem to Build $ 303M Li-ion Plant in Holland, MI

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will build its new $303 million lithium-ion battery manufacturing facility in Holland, Michigan. Scheduled for groundbreaking this summer, the 650,000 square-foot facility will be financed in part from a $151.4 million, a Renaissance Zone designation and job-training assistance—helped Michigan seal the deal and win the new battery cell facility over competing national and international sites. LG Chem Ltd.

2010 181

US DOE announces 3 consortia for $125M US-India Joint Clean Energy Research and Development Center; solar, second-generation biofuels and buildings

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Consortia researchers will leverage their expertise and resources in solar technology, advanced biofuels, and building efficiency. In addition, US and Indian consortia members have pledged more than $75 million in matching funds, for a combined funding total of more than $125 million for joint research and development in solar energy, advanced biofuels, and building energy efficiency.

2012 209

EV charging network builder Volta announces $125M in Series D funding

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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.

Germany approves €900M for green hydrogen project H2Global

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The aim of the project is to advance the international market ramp-up of green hydrogen and to use double-auction procedures for this purpose. Therefore, we are already starting the international ramp-up of the hydrogen economy and building long-term value creation and supply chains through the H2Global instrument. Germany’s Federal Ministry of Economic Affairs and Climate Protection (BMWi) has approved €900 million for the innovative funding instrument H2Global.

Germany and Australia to establish alliance on green hydrogen supply chain

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Among other things, we will promote the production of hydrogen on an industrial scale in Australia with German-Australian ‘Hydrogen Hubs’ using German technology and explore possibilities for cooperation within the framework of our new international funding instrument ‘H2-Global’. Co-financing of an AUS-DEU H 2 incubator for applied research. Co-financing of “HydrogenHubs”.

Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

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trillion in nature is required over the next three decades to successfully tackle the climate, biodiversity, and land degradation crises, according to the State of Finance for Nature report released by the World Economic Forum, UN Environment Programme (UNEP), and the Economics of Land Degradation (ELD) Initiative hosted by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with Vivid Economics. —“State of Finance for Nature”.

Solar Smackdown in Torrance – Installer Sues City on Behalf of the Sun

Creative Greenius

Its wholly interpretive guidelines can be used to approve or disapprove a building, addition or remodel completely on subjective principles. I went down to the Building Dept and they said, “It will be two weeks before we get back to you.” And then the senior gentlemen in the building with the Safety Dept. What’s the level of expertise and experience of the building inspectors and city staff? The building inspectors, limited at best. Just build a bigger system.

2009 190

The Most Powerful Greenius In America

Creative Greenius

My new solar system only needs to be 2 kilowatts now instead of 4 – which is good because solar’s still too damn expensive and the process for putting AB 811 financing in place is taking too damn long, (and that’s another Greenius post that I’m still working on). Good old, John Bryson, the CEO of Edison International, the parent company of SCE told Thomas Friedman on page 287 of “Hot, Flat, and Crowded &#. FOLLOW ME IF YOU WANT TO LIVE.

2009 163

Renault outlines initial HYVIA hydrogen fuel cell vehicle and infrastructure offerings

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The joint venture is equally owned by the two partners and is chaired by David Holderbach, with more than 20 years of experience in strategic, product and international sales at the Renault Group. A range of financing options and maintenance services will also be offered.

Ford Starts EV Test Drives

Revenge of the Electric Car

8 that it may spend $300 million to $500 million on factories in its home state of Michigan to build electric vehicles and batteries. Local utility RheinEnergie AG will supply vehicle-charging stations for the test, which is being financed by the German government’s economic-stimulus package, Dudenhoeffer said. Last Updated: December 28, 2009 12:30 EST. Tags: International Projects Production News Ford Ford Focus Electric Germany Ford is starting EV trials in Germany.

2010 149

Northvolt raises $2.75B to expand battery cell manufacturing capacity; Swedish gigafactory to 60 GWh

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Northvolt announced the signing of a $2.75-billion private placement to finance further battery cell production capacity and R&D efforts in order to meet the increasing demand of customers engaged in the transition to decarbonized, electric solutions.

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.

2020 262

Skeleton Technologies raises €41.3 million in Series D from top European entrepreneurs

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million) Series D financing round. All existing investors participated in the equity raise and were joined by notable European entrepreneurs and international investors. This Series D financing builds on a strong year for Skeleton Technologies, which saw a tripling of its revenues. European ultracapacitor leader Skeleton Technologies completed a €41.3-million (US$48.4 Total capital raised to date is more than €93 million ($109 million).

2020 162

PGM leader Sibanye-Stillwater enters battery metals sector through a partnership with and investment in lithium miner Keliber

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International precious metals mining company Sibanye-Stillwater has entered into an investment agreement with Finnish lithium miner Keliber Oy. The project financing would include both a debt and equity component.

Volkswagen lays out its NEW AUTO strategy: transforming from manufacturer to software-driven mobility provider; Scalable Systems Platform

Green Car Congress

With its “NEW AUTO” strategy, the Volkswagen Group is realigning itself and building up the new competencies this requires. Introducing the SSP means leveraging our strengths in platform management and building on our capabilities to maximize synergies across segments and brands.

UN report highlights urgent need to tackle impact of EV battery production boom

Green Car Congress

In the DRC, this would mean building processing plants and refineries that would add value and, potentially, jobs within the country.

2020 428

UK accelerates end of sale of new gasoline and diesel cars to 2030, hybrids to 2035

Green Car Congress

billion), boosting international investment into strong manufacturing bases including in the Midlands and North East. Homes and public buildings: Making homes, schools and hospitals greener, warmer and more energy efficient, with a target to install 600,000 heat pumps every year by 2028. Innovation and finance: Developing the technologies needed to reach these new energy ambitions and make the City of London the global center of green finance.

2020 252

Octillion Power Systems debuts new EV battery-leasing plan

Green Car Congress

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. Building the cost of the lease into the operating budget helps to defer expense, as well as allow for lower overall operating costs of the fleet.

2020 253

Ardian, FiveT Hydrogen launch largest clean hydrogen infrastructure investment platform Hy24; €1.5B for first fund

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Other large international industrial players, all strongly committed to carbon neutrality, also intend to join the initiative. The international tender process to select Hy24 and to engage industrial investors was arranged by Société Générale. Hy24 plans to bring together additional international institutional investors and industrial companies to provide scale and investing capability for hydrogen projects around the world.

EC presents action plan for critical raw materials

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We will therefore build a strong alliance to collectively shift from high dependency to diversified, sustainable and socially-responsible sourcing, circularity and innovation. —Thierry Breton, Commissioner for Internal Market.

2020 306

XL Fleet and eNow partner to electrify refrigerated trailers

Green Car Congress

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 Fleet Corp.

Fleet 235

Hyundai Motor partners with regional firms to establish H2 fuel cell commercial vehicle ecosystem in China

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Shanghai Sunwise will build and operate hydrogen refueling stations and provide comprehensive solutions for hydrogen refueling, while Shanghai Ronghe Electric Technology Financial Leasing will provide financial support services for the fuel cell electric commercial vehicle pilot operations.

2020 301

Gevo and Trafigura enter into long-term contract for low-carbon premium gasoline and sustainable aviation fuel; 25M gpy

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The agreement will also enable Trafigura to supply SAF to both US and international customers whose interest is growing in low-carbon jet fuel. The agreement is subject to certain conditions precedent, including Gevo acquiring a production facility to produce the renewable hydrocarbon products contemplated by the agreement and closing a financing transaction for sufficient funds to acquire and retrofit the production facility. Gevo, Inc.

2020 195

EC adopts Fit for 55 package of proposals; reducing net GHGs by at least 55% by 2030; all new cars zero-emission in 2035

Green Car Congress

The Commission is also proposing to phase out free emission allowances for aviation and align with the global Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and to include shipping emissions for the first time in the EU ETS. To address the lack of emissions reductions in road transport and buildings, a separate new emissions trading system is set up for fuel distribution for road transport and buildings.

MISC, Samsung Heavy, Lloyd’s Register and MAN partner to develop ammonia-fueled tanker

Green Car Congress

This builds on the technology development pathway that MAN ES presented at the NH3 Energy+ Topical Conference at Pittsburgh in October 2018.

2020 212

Nemaska Lithium reports construction and planing on schedule at both mine site and electrochemical plant; agreement with LG Chem

Green Car Congress

Whabouchi mine site is under construction and prep work is underway for crushing and ore sorting buildings as well as surrounding areas of concentrator. Further to the recent completion of a CAD1.1-billion (US$840 million) project financing package, the company resumed work at the Whabouchi mine, initiated the purchases of long lead items for both sites and is preparing the Shawinigan site for civil engineering work this summer.

2018 150

Navistar to take stake in Brazilian bus builder Neobus; to partner on fully integrated commercial buses for the Americas

Green Car Congress

Navistar intends to leverage the bus body building expertise of Neobus and Navistar’s strengths in powertrain and chassis development. Our investment in Neobus, one of the most respected Brazilian bus body manufacturers, allows us to leverage our experience in building integrated buses for the US and Canada market with the bus body building expertise of Neobus. Another affiliate offers financing services. Navistar, Inc.

2012 193

Volvo Cars and Geely intend to merge their combustion engine operations

Green Car Congress

Volvo Cars is building an entirely electrified product range, as part of the company’s ambition to put sustainability at the core of its operations. The proposed new business is intended to be an attractive employer for approximately 3,000 employees from Volvo Cars and around 5,000 employees from Geely’s combustion engine operations including research and development, procurement, manufacturing, IT and finance functions. Hybrid cars need the best internal combustion engines.

2019 186

Global Bioenergies completes private placement of approximately €10.25M

Green Car Congress

Global Bioenergies, the developer of a process to convert renewable resources into hydrocarbons through fermentation, has completed a private placement with qualified French and international investors. The proceeds will be used to complete the development and the industrialisation of the isobutene process, finance the detailed engineering studies of the IBN-One plant, launch the commercial roll-out and further diversify the raw materials available to the process.

2017 150