Remove Building Remove Financing Remove Manufacturer Remove Supplies
article thumbnail

Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
article thumbnail

DOE announces $15.5B package primarily focused on retooling existing factories for EVs

Green Car Congress

This includes making available $2 billion in grants and up to $10 billion in loans to support automotive manufacturing conversion projects that retain high-quality jobs in communities that currently host these manufacturing facilities. Converting and Retrofitting America’s Manufacturing Plants.

article thumbnail

DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

Green Car Congress

billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. billion will go to 11 projects in the materials separation and processing segment of the supply chain. Earlier post.) Of that, $1.6

Parts 459
article thumbnail

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. TECO 2030 will supply fuel cells for hydrogen-powered tugboats pushing the barges along the Danube. gigawatt, per year.

Norway 468
article thumbnail

DOE gives conditional loan commitment for $850M to KORE Power for battery plant in Arizona; NMC and LFP

Green Car Congress

The US Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for an $850-million loan to help finance the construction of KORE Power ’s advanced battery cell manufacturing facility in Buckeye, Arizona. million gallons of gasoline per year.

Arizona 300
article thumbnail

Iberdrola and H2 Green Steel to build 1GW green hydrogen plant to fuel DRI furnace for green steel; €2.3B investment

Green Car Congress

Iberdrola and H2 Green Steel (H2GS, earlier post )have signed an agreement to build a plant with an electrolysis capacity of 1 GW. Iberdrola will supply renewable energy to the plant, while the production of green molten steel and all downstream metallurgical processes will be operated and owned by H2 Green Steel.

Green 304
article thumbnail

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

Green Car Congress

Volkswagen Group executives laid out the basics of the new Group strategy “NEW AUTO – Mobility for Generations to Come”, which will see the Group realign from being a from vehicle manufacturer to a leading, global software-driven mobility provider. Like the MEB today, the SSP will be open to other auto manufacturers.