RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

Green Car Congress

Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.

Wind 195

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.

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J.D. Power: new-vehicle transaction prices hit all-time high despite rising interest rates; sales volume constrained as inventory stays flat

Green Car Congress

However, from a profitability standpoint, the first half of 2022 has set records for both retailers and manufacturers as vehicle prices continue to rise, manufacturer discounts get ever smaller and retailer margins set new highs. The average transaction price for the first six months of 2022 is expected to reach a record of $44,907—a 17.5% The inventory shortages that have depressed volumes, [and] driven up prices and profits, are showing no signs of improvement.

Price 174

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

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 and warrants to a group of investors at an exercise price of $3.88, with a five-year term. The completion of this financing will greatly accelerate the build out of our national network of diesel-to-natural-gas conversion facilities.

2012 207

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. The 400 MW, 65-year old plant was shuttered in 2014 in response to low natural gas prices and the onset of strict environmental regulations promulgated by the Obama Administration. to build the Hummel facility on a turn-key basis.

2015 188

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.

Transportation Sec. Buttigieg: Buy an EV and ‘never worry about gas prices again’

Teslarati

Transportation Secretary Pete Buttigieg said earlier today during an interview on MSNBC that those who purchase electric vehicles will “never have to worry about gas prices again,” as fees at the pump have continued to rise over the past year.

Buy 114

Oil Well Strippers Suffering From Low Oil Prices

Green Car Congress

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. These stripper wells are ones that are mostly likely to start shutting down over the next few months as hope for a fast rebound in oil prices finally goes out of the markets. The last time there was an oil price crash this severe was in the mid-1980s.

2015 183

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

Green Car Congress

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. 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 218

Price Parity is Not the Key to EV Adoption in the US

EV Adoption

EV Price Parity With ICE Vehicles Is Fast Approaching. A lot of electric vehicle observers, analysts, and pundits like to say that, “When electric vehicles reach price parity with ICE vehicles – it’s game over gas-powered vehicles.”

Maersk issues €500M green bond to fund first feeder vessel, 8 green methanol ocean-going container vessels; Cicero Medium green

Green Car Congress

Moller – Maersk (Maersk) has launched its Green Finance Framework designed to allow the company to issue a variety of sustainable financing instruments which may include bonds, loans, project finance and other instruments. By establishing the new Green Finance Framework, Maersk intends to align its funding strategy with its goal to become carbon neutral by 2050. The transaction priced at coupon of 0.75%, the lowest coupon ever for Maersk.

Green 163

California Goes To Hell In A Handbasket But Greenius Says AB 811 is Our Route To Green Heaven

Creative Greenius

I had ventured forth from the calm, cooling breezes of my mellow beach community because the treasure map I had recently discovered showed that over $600 million was available inside that building. Before he became a principal consultant with BKi , Gitt spent five years with Build it Green helping to conceive and implement the GreenPoint Rating system. Since it provides easy financing for solar PV and energy efficiency, AB 811 fits into all this like a hand-in-glove.

2009 163

Germany approves €900M for green hydrogen project H2Global

Green Car Congress

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. The core idea of H2Global is a double-auction model: Hydrogen or hydrogen derivatives are purchased in non-EU countries at the lowest possible price with 10-year contracts via a competitive process.

Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

Green Car Congress

The acquisition of the two mines was financed through US$36 million in debt, royalty and stream financing provided by funds managed by Sprott Resource Streaming and Royalty Corp. million in the equity offering and Imerys has received US$4 million in equity, on the same terms as the equity offering, as partial payment of the purchase price. million in lease payments for use of the land and buildings.

ABB E-mobility scales up investment in software provider ChargeLab

Green Car Congress

Co-ordinated through ABB EL Ventures, the investment forms part of ChargeLab’s $15-million Series A financing. ChargeLab’s software empowers fleets, building operators, and utilities to deploy large networks of EV chargers. Key capabilities of the ChargeLab platform include automated monitoring of EV chargers, pricing and access rules, EV driver payment processing, and electrical load balancing.

Google 183

Australian Government establishes A$300M fund to support hydrogen projects

Green Car Congress

The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges.

2020 256

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

Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

Green Car Congress

million in new financing. Niron will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet technology.

ADEME awarding €3.1M to Global Bioenergies and IBN-One plant project

Green Car Congress

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. IBN-One was granted a license on Global Bioenergies’ process and its purpose is to finance, build and operate the first renewable isobutene plant in France.

2019 199

BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). Global benchmarks conceal a range of country-level estimates that vary according to market maturity, resource availability, project characteristics, local financing conditions and labor costs. The battery storage sector is particularly sensitive to commodity price volatility.

Solar Powered Greenius Producing Massive South Bay Energy

Creative Greenius

We’ve now got some Mo going with: California solar loan financing that will eliminate the big up front cost of solar. With my pal, Brad Bartz, of ABC Solar forcing the City of Torrance to back down and stop breaking the state solar rights law, With the growing numbers of electric cars and plug-in cars headed our way and the price of oil hitting $71 a barrel yesterday. SOLAR FINANCING – WHO GETS IT AND WHO DOESN’T.

2009 163

Renewables to generate half of worldwide electricity by 2050: report

Green Car Reports

Falling prices for lithium-ion batteries will enable half the world's electricity to come from renewable solar and wind by 2050. Those are the conclusions of a new report by Bloomberg New Energy Finance (BNEF), released today. Building on BNEF's Electrc Vehicle Outlook report last. That still won't be enough to meet global climate targets, however. Batteries solar wind energy

2018 82

Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

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. The electric powertrain Endurance delivers the equivalent of 75 miles per gallon, an estimated 250 miles per charge, and an anticipated 7,500-pound towing capacity, all of which has been systematically engineered and competitively priced for large commercial fleets.

2020 264

Study recommends $10B/year US federal investment in energy RD&D and a substantial price on carbon emissions; leveraging the national labs and encouraging the private sector for a clean energy future

Green Car Congress

This includes about $5 billion annually for seven technology areas considered in detail: four energy supply technology areas (nuclear energy, bio-energy, fossil energy with and without carbon capture and sequestration, and solar photovoltaic (PV) energy); one enabling technology area (utility-scale energy storage); and two key areas of energy efficiency (buildings and vehicles).

2011 204

Neo Lithium closes strategic investment with CATL; ~8% stake; 3Q project

Green Car Congress

Limited (CATL), whereby CATL, through a subsidiary controlled by CATL, subscribed for 10,217,503 common shares of Neo Lithium at a price of C$0.84 Space is available to build the ponds in a suitable location, from a geotechnical perspective. Canada-based Neo Lithium Corp.

2020 344

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

Rio Tinto, Mongolia resolve issues over $6.925B Oyu Tolgoi copper project; underground operations to start

Green Car Congress

billion EOT carry account loan in full, comprising the amount of common share investments in OT LLC funded by TRQ on behalf of EOT to build the project to date, plus accrued interest. the establishment of a funding structure at OT that does not incur additional loan financing prior to sustainable production for Panel 0 (expected in the first half of 2023). This is in line with restrictions on debt financing contained in Resolution 103, passed on 30 December 2021.

Octillion Power Systems debuts new EV battery-leasing plan

Green Car Congress

Ultimately, this will allow Octillion to build market cases for traditional financing groups eager to get into battery leasing but concerned by the technology. The top responses included anxiety surrounding range per charge, the higher price point, lack of charging infrastructure, and questions surrounding recycling and disposal. 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 255

Feature: Bridging the EV Affordability Gap

Clean Fleet Report

This price barrier prevents the middle class from capitalizing on the notable cost savings of EVs, paying a “poverty penalty” of $1,000/year in higher fuel and maintenance costs by driving gas-powered vehicles. How Incentives & FinTech Can Get You In an EV.

Global Bioenergies raises €3M to accelerate the isobutene program; targeting other molecules

Green Car Congress

Based on the closing share price of €19.91 This capital increase will allow Global Bioenergies to accelerate its development plan and in particular to: Continue and accelerate the development phase of its isobutene process; Complete the investments required for the installation of the laboratory pilot and to finance studies for the industrial pilot; and. Finance research on other molecules. Global Bioenergies, an industrial biology company.

2012 204

Proterra launches Energy Fleet Solutions

Green Car Congress

Proterra launched Proterra Energy fleet solutions , a full suite of options that enable turnkey delivery of a complete energy ecosystem for heavy-duty electric fleets, including design, build, financing, operations, maintenance and energy optimization. In addition to planning, Proterra offers turnkey charging infrastructure installation for fleet depots and charging yards, including management of the entire build process from design to implementation.

2019 188

Tesla (TSLA) stock is a “Buy” as Elon Musk prepares his Master Plan Part 3: Jefferies

Teslarati

“We have been trimming estimates across our OEM coverage, but we are raising them at Tesla on price increases more than compensating risk from volume and battery cost inflation. Jefferies noted that Tesla’s recent price hikes might have mitigated some supply chain challenges.

Parts 83

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 EU Emissions Trading System (ETS) puts a price on carbon and lowers the cap on emissions from certain economic sectors every year. 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.

AMPLY Power and AECOM partner to bolster bus electrification for transit agencies

Green Car Congress

To facilitate moving fleets from pilot stage to full adoption, we believe this partnership offers what a fleet operator requires, from design and financing to fleet charging infrastructure implementation and management. AMPLY’s Charging-as-a-Service model provides charging hardware deployment, management of depot upgrades and utility interconnections, real-time software-controlled charge optimization, debt financing of capital expenditures, and resiliency planning.

2020 174

Lucid reports Q1 2022 Earnings tonight: Here’s What to Expect

Teslarati

Lucid became public in July 2021 after a SPAC merger, and the price per share spiked to more than double its IPO price by mid-November. million, according to Yahoo Finance estimates.

Palermo school buses go electric with funding and 50% lower electricity rate from AMPLY Power

Green Car Congress

PG&E helped the school district by designing, paying for and building out a large portion of the electrical infrastructure for their EV charging stations.

Power 283

Electric Car Buyer’s Guide: 7 Steps to Find The Best EV for Your Life

EV Life

Narrow your electric car search Make a charging plan Know your range Maximize EV incentives Test drive Consider leasing vs. financing Get safe pickup or delivery. To install a charger, you should ask your building owner, manager, or HOA board for permission. Why Finance?

2020 82

BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. billion, level with 2019 despite falling unit prices.

2020 227

Global Bioenergies completes private placement of approximately €10.25M

Green Car Congress

The Company has placed 640,00 new shares of a nominal unit value of €0.05, at a unit price of €16.00, inclusive of the share premium, for a total amount of approximately €10.25 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

Tesla Virtual Power Plant is providing energy security to Australian homes

Teslarati

A few years ago, Tesla teamed up with the Government of South Australia and various energy authorities to build South Australia’s Virtual Power Plant. Energy from solar panels has caused volatility in local power prices.

Sigma Lithium begins construction of foundation and infrastructure for lithium production plant in Brazil

Green Car Congress

Canada-based Sigma Lithium Corporation ( earlier post ) has begun construction on site to build the foundation and infrastructure installation of its greentech dense media separation production plant, at its wholly owned Grota do Cirilo project in Brazil. The company signed term sheets for debt and project finance with BDMG, the development bank of the Minas Gerais State and a commercial bank.

Brazil 150

True Zero expands its hydrogen station network with $26.6M in grants from the California Energy Commission

Green Car Congress

Last week True Zero, the retail brand of hydrogen stations developed, owned, and operated by FirstElement Fuel, was selected by the California Energy Commission to build 12 new hydrogen stations in the Commission’s latest round of grant awards to help build out California’s retail hydrogen network.

2017 150