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New York City Council passes bill mandating all city school buses be electric by 2035

Green Car Congress

The New York City Council passed a bill mandating that the city’s school bus fleet be fully electric by 1 September 2035. The approximate cost to covert 885 City-owned diesel school buses to electric, as well as to procure electric charging stations and build-out electrical infrastructure is $367.3

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

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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”. —“Financing the Transition”.

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

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million gallons US)—50% larger than its existing facility in Hamilton, Ontario—and will be located within the IMTT terminal in Bayonne, New Jersey, at New York Harbor. The IMTT terminal at New York Harbor is a 600-acre facility within which BIOX has secured 3.5 —Kevin Norton, CEO of BIOX.

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Battery analytics platform TWAICE announces $30m funding led by Coatue

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TWAICE, a battery analytics company, has secured $30 million in additional Series B financing led by global investment firm Coatue. The round extension, which includes personal investment from Lip-Bu Tan and participation from existing investors, builds on TWAICE’s $26 million Series B in May 2021 led by Energize Ventures.

Batteries 195
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Exelon to provide financing for 21MW of Bloom Energy SOFC projects at 75 commercial facilities

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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.

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EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

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For example, New York State taxes for both diesel and gasoline rose $0.088/gal in January 2023 compared with July 2022. The 2022 “Inflation Reduction Act” reinstated the Hazardous Substance Superfund financing rate on domestic crude oil and imported petroleum products, which refinery operators and importers pay.

Tax 273
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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

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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.

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