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. The proceeds will be used for current working capital, parts acquisitions to fulfill existing and future customer purchase orders and contracts as well as to satisfy full repayment of the senior secured notes incurred in July 2018. Workhorse Group Inc.,

2019 219

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. These RIN credits are purchased by US refiners to comply with the RFS program. This new and significant financing will help accelerate our growth and further expand project development and implementation. Canada-based Enerkem Inc.,

2018 183

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Trending Sources

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

Green Car Congress

California’s largest owners and operators of hydrogen refueling stations (HRS) are in negotiation to purchase the plant’s output to supply current and future HRS to be built in the state over the next ten years.

2020 358

Blue Marble Biomaterials completes site purchase for large commercial biorefinery

Green Car Congress

Blue Marble Biomaterials, a specialty biochemical manufacturer ( earlier post ), has closed on the purchase of the former GTC Oats Inc. The purchase includes 3.81 acres of land, a 19,000 square foot building complex, and parking stalls for more than 100 employees. The building retrofits will include systems that will allow for greater energy efficiency and enable the site to be a showcase for the company’s “zero-waste” focus.

2013 191

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

EV Life

The average California driver qualifies for over $10,000 in EV rebates and tax credits, but incentives can take 12 to 18 months to recoup post-purchase. Today’s grant funding for the EV Climate Loan builds on a growing movement catalyzing around the benefits of electric vehicle adoption.

2020 83

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 note in the aggregate principal amount of C$5 million and 500,000 common share purchase warrants. Each share purchase warrant is convertible into one common share of the corporation. 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.

Wanxiang and GreatPoint Energy close $1.25B deal for 1 Tcf/year coal-to-natural-gas plant in Xinjiang; Sinopec to purchase output, building pipeline to east

Green Car Congress

billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. Sinopec), China’s largest company by revenue, has agreed to purchase the natural gas produced from the facility and has already announced plans to construct a pipeline to deliver the gas to the eastern region.

2012 196

Digital Currency and Trade Systems Are Tearing up the Rules

Cars That Think

Digital currencies could allow the government to see everything you purchase and constrain what you can and cannot do with your money. Blockchain China Finance EncryptionThe next big thing in global commerce is "trust chain" digital platforms.

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

Green Car Congress

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.

Clean Energy to build new CNG stations for multiple transit agencies and large school district; agreements with trucking, refuse and others

Green Car Congress

NICE has awarded Clean Energy the contract to design, build and operate and maintain a new CNG station that will, upon completion, replace its existing Mitchel Field station, and operate and maintain the existing CNG stations. to build a fast-fill CNG station at a new bus depot being constructed for ART, which will initially deploy 25 new CNG transit buses that are expected to consume 225,000 DGEs (diesel gallon equivalents) of CNG a year. Clean Energy Fuels Corp.

2015 175

Proterra selected in electric bus contract by Washington State Department of Enterprise Services

Green Car Congress

Proterra Inc has been selected by the Washington State Department of Enterprise Services as a vendor to supply zero-emission battery-electric transit buses and charging infrastructure under the state’s regional Cooperative Purchasing Contract. Transit agencies, universities, and other commercial operators can now purchase Proterra battery-electric buses as well as Proterra charging infrastructure through the Washington State Cooperating Purchasing program’s pre-established contract.

Rio Tinto launches START: the first sustainability label for aluminum using blockchain technology

Green Car Congress

START will help customers meet the demand from consumers for transparency on where and how the products they purchase are made. The START sustainability label is now available for aluminum purchased from Rio Tinto’s managed operations globally.

CARB approves $1.5B investment in clean cars, trucks, mobility options for FY 2021-22

Green Car Congress

This funding for fiscal year 2021-2022 marks the first installment in the three-year $3.9-billion budget that builds on programs to support zero-emission vehicles and their infrastructure over the past decade. This funding will be used for incentives, outreach, technical assistance and capacity building.

Clean 259

Renault outlines initial HYVIA hydrogen fuel cell vehicle and infrastructure offerings

Green Car Congress

A range of financing options and maintenance services will also be offered. The HYVIA hydrogen refueling stations will be available to rent or purchase and are guaranteed to be simple and safe to use.

TECO 2030 to set up giga factory for production of hydrogen fuel cells in Narvik, Norway

Green Car Congress

Through the initiative in Narvik, the company contributes to the Norwegian government’s ambition that Norway should build a complete value chain for the utilization of hydrogen as an energy carrier. TECO 2030 ASA is evaluating various financing alternatives for the new giga factory.

Norway 222

Electrification Coalition launches online EV Policy Showroom

Green Car Congress

The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard.

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. SOLAR FINANCING – WHO GETS IT AND WHO DOESN’T. Just as a reminder, the way AB 811 works is that it allows property owners to receive a 20 year no paperwork/no credit check loan to finance their installation of solar PV electric system or other energy efficiency improvements. NO PURCHASE!

2009 163

Get H2 partners propose green hydrogen pipeline in Europe

Green Car Congress

Seven companies from the GET H2 initiative in Europe want to build a cross-border pipeline for green hydrogen. Collectively, the overall project can map the essential building blocks of the green hydrogen value chain and form the basis for an efficient European gas infrastructure for hydrogen.

Europe 349

AlphaStruxure and Montgomery County, Maryland, announce integrated microgrid and electric bus charging infrastructure project; EaaS

Green Car Congress

AlphaStruxure will design, build, finance, own and operate the project to enable Ride On’s growing electric bus fleet. Rather than buying the microgrid and charging infrastructure outright, the County partnered with AlphaStruxure, who builds, owns, operates and maintains the system.

Octillion Power Systems debuts new EV battery-leasing plan

Green Car Congress

Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase 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.

2020 251

California Governor signs two bills to strengthen emission standard for trucks; Executive Order leverages $700B portfolio to strengthen climate resiliency

Green Car Congress

The order also directs the California Air Resources Board (ARB) to push automakers to produce even more clean vehicles, and to find ways for more Californians to purchase these vehicles on the new and used markets. The Governor’s executive order directs the Department of Finance to create a Climate Investment Framework to measure and manage climate risk across the state’s investment portfolio, with the goal of driving investment toward carbon-neutral and climate resilient technologies.

2019 175

BASF, Daimler, Fairphone & Volkswagen Group funding partnership for sustainable lithium mining in Chile

Green Car Congress

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, commissioned by the companies, will coordinate the partnership seeking to find common ground by building a multi-stakeholder platform among all relevant actors in the Salar watershed, ranging from civil society groups including indigenous communities, government institutions, mining companies and beyond. It does not intend to facilitate the sourcing of lithium nor the purchase or selling of any raw mineral.

Chile 170

Ford launches new global battery center of excellence

Green Car Congress

The company is building on nearly two decades of battery expertise by centralizing a cross-functional team of 150 experts in battery technology development, research, manufacturing, planning, purchasing, quality and finance to help Ford develop and manufacture battery cells and batteries more quickly.

Global 269

Proterra introduces multi-dispenser charging solution for heavy-duty electric vehicle fleets

Green Car Congress

With less hardware to purchase and less equipment to install, the multi-dispenser charging solution lowers the cost of infrastructure for customers. To support customers transitioning to a fully electric fleet, Proterra offers a suite of options that enable turnkey delivery of a complete energy ecosystem for heavy-duty electric fleets through Proterra Energy™ fleet solutions, including design, build, financing, operations, maintenance and energy optimization.

2019 184

EV Connect launches first EV charging-as-a-service

Green Car Congress

EV Connect, a provider of electric vehicle (EV) charging solutions, announced the first “EV Charging-as-a-Service” or “EV CaaS”, to cut up-front costs and simplify the process for purchasing and installing EV charging station infrastructure by turning the purchase decision from a capital expenditure to an operating expense. The solution is powered by SparkFund financing and EV Connect’s management software.

2015 210

Lordstown Motors delays Endurance truck, sells Ohio factory to Foxconn


The definitive Asset Purchase Agreement with Foxconn, implementing the AIP, was executed earlier this week.”. It planned to begin building Endurance pickups in September, but this was evidently delayed, according to a note to investors from the Q3 Earnings Call.

Ohio 58

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

Green Car Congress

entered into a binding renewable hydrocarbons purchase and sale agreement with Trafigura Trading LLC, a wholly-owned subsidiary of Trafigura Group Pte Ltd. 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 192

Fortistar and Paloma Dairy begin construction on RNG facility that will produce 1.6M GGE of fuel annually

Green Car Congress

Industrial Services Company (ISC) will lead the building of the system. The project will be interconnected with Southwest Gas Company, which will also purchase the gas. Financing was provided by Live Oak Bank. Fortistar and Paloma Dairy have begun construction on a dairy digester renewable natural gas (RNG) facility, the Sunoma Renewable Biofuel Project. The new facility will produce 1.6

2020 161

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

EV Life

Most Americans also qualify for EV incentives from $7,500 to $15,000, but there’s a lot of fine print to read across different government websites, and incentives can take up to 12 months to recoup post-purchase. Consider leasing vs. financing. Why Finance?

2020 82

SMART, DDOT become Proterra’s 100th electric bus customer

Green Car Congress

Proterra announced that the Suburban Mobility Authority for Regional Transportation (SMART) and Detroit Department of Transportation (DDOT) have agreed to purchase electric buses and chargers from Proterra, becoming the 100 th customer for the company.

2019 192

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

Elio Motors launches crowdfunding investment opportunity

Green Car Congress

More than 43,000 people have reserved a place in line to purchase the Elio when it enters production. Initial funds from that effort were used to finance the build of Elio Motors next generation prototype, the P5. Elio Motors, the developer of the three-wheeler Elio, has launched a crowd-funding initiative as the next phase in its fundraising strategy.

2015 192

BioAmber signs bio-BDO 15-year off-take contract with Vinmar for planned 100,000 ton plant

Green Car Congress

Under the terms of the 15-year master off-take agreement, Vinmar has committed to purchase 100% of the BDO produced in a 100,000-ton-per-year capacity plant that BioAmber plans to build in North America and commission in 2017. BDO is a building block chemical that is used in a wide range of products, including engineering plastics for the automotive industry, polyurethanes, biodegradable plastics and spandex.

2014 185

First Fastned fast-charging stations broke-even in March

Green Car Congress

The Netherlands-based Fastned, the company building a European network of fast charging stations, saw its first two stations break-even in March. This means that the operating expenses, such as the purchase of power, grid connection fees, licence costs, land lease, cleaning and maintenance costs were covered by the revenues generated at those stations. The final step to profitability of the company is also to cover depreciation and finance costs.

2017 150

Electrify Your Fleet Faster With Incentives and Rebates

EV Connect

Federal Incentives for Electric Fleets There are a variety of federal tax credits and incentives for purchasing electric vehicles, as well as for expanding America’s charging network and EV infrastructure.

SoftBank Group to acquire 9.9% of Nemaska Lithium

Green Car Congress

The Softbank investment proceeds will therefore be an important component of the equity portion of the project financing as Nemaska continues to work on various complementary financing alternatives, including a USD 300-350 million debt financing and a USD 150-million streaming facility. Nemaska Lithium is building a Phase 1 demonstration plant that utilizes the company’s proprietary lithium hydroxide and lithium carbonate processes. Nemaska Lithium Inc.

2018 163

Denbury Undertakes Midwest CO2 Pipeline Feasibility Study

Green Car Congress

It is estimated that the study will be completed in the fourth quarter of 2009, following which Denbury will evaluate external market conditions, the state of financing and construction of the proposed gasification projects, and make a decision as to whether or not they will take initial steps to build such a pipeline. A third proposed gasification plant with which Denbury has a CO2 purchase contract, was also selected by the loan guarantee program. Denbury Resources Inc.

2009 150

ENER1 Receives Additional $20M from Principal Shareholder

Green Car Congress

has executed a securities purchase agreement with its principal shareholder, Ener1 Group, for the purchase of common stock and warrants for $20 million. The financing is expected to close next week. Over $300 million has been invested in the company over the last five years in achieving the steps to commercialization, and building a global manufacturing footprint. Ener1 Group has purchased 5,665,723 shares of common stock and 2,426,670 million warrants.

2010 170

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. Biomass and waste-to-energy financings were down 3% at $10 billion.

2020 222

Rivian is prioritizing its Amazon delivery vans over R1T production: report


The publication’s sources claimed that the CEO is looking to build about 300 Electric Delivery Vans (“EDV”) by the end of this year, with the first 10,000 units due by the end of 2022.

F-150 80

Novamont launches joint venture for European BDO plant using Genomatica’s process

Green Car Congress

Novamont is financing the plant conversion and will operate the plant, which is expected to have a production capacity of approximately 40 million pounds per year. Novamont has committed to purchasing all of the output from the plant, while Genomatica may purchase a portion at its discretion to support further market development.

2012 185

School Transport Goes Electric

EV Connect

The Challenge When Sunnyvale’s school buses began to show the typical signs of aging the repair costs began to exceed the cost of purchasing new vehicles.