Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

Green Car Congress

Founded in 2020 by aviation industry veterans Paul Eremenko, John-Paul Clarke, Jason Chua, and Jon Gordon, Universal Hydrogen is stitching together the end-to-end hydrogen value chain for aviation, both for hydrogen fuel and hydrogen-powered airplanes. Universal Hydrogen modular capsule.

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. This new and significant financing will help accelerate our growth and further expand project development and implementation. This industrial group, affiliated with Peking University, primarily invests in bio-energy, bio-environmental protection, bio-medicine, bio-agriculture, bio-service, bio-manufacturing, and bio-intelligence. Canada-based Enerkem Inc.,

2018 183

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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. Private green funds could help finance a global fund.

2013 273

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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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). Dr. Don Paul is the Executive Director, University of Southern California Energy Institute and a former vice president and chief technology officer of Chevron. Renewable energy projects are frequently financed with project rather than corporate finance.

Danish Parker project developing universal definition for EV integration with electric grid for V2G services

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Nissan, Mitsubishi Corporation, Mitsubishi Motors Corporation, PSA Groupe, NUVVE, Frederiksberg Forsyning, Enel, Insero and DTU (Technical University of Denmark) Electrical Engineering (PowerLabDK) are partnering in the Danish project Parker to develop a universal definition for grid integration for electric vehicles. The platform, initially developed by the University of Delaware is now supported and commercialized by Nuvve. million) which is financed by ForskEL.

2017 204

Proterra launches Proterra Powered vehicle electrification solutions to enable OEMS to build high-performance EVs for commercial fleets

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Proterra charging systems utilize the universal J1772-CCS Type 1 charging standard, enabling operators to utilize Proterra charging systems for a range of battery-electric powered vehicles. Kraus has been with Proterra for more than three years and has had a leadership role in Proterra’s finance, strategy and business development efforts.

2019 163

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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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 183

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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These consortia—led in theUS by the National Renewable Energy Laboratory (NREL), the University of Florida, and Lawrence Berkeley National Laboratory (LBNL)—will bring together experts from national laboratories, universities, and industry in both the US and India. Consortia researchers will leverage their expertise and resources in solar technology, advanced biofuels, and building efficiency.

2012 210

Superstars of AB 811 Rock Palm Desert @ EcoMotion Conference

Creative Greenius

But that’s the way it felt to the Creative Greenius as I covered the EcoMotion Palm Desert AB 811 Conference on Friday at the University of California Riverside Graduate Center. One thing Ann Livingston said that stuck with me was that a 15 year term loan results in half the finance cost and one quarter of the total cost for the loan compared to a 20 year term.

2009 163

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

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million in new financing. The Volvo Cars Tech Fund and Volta Energy Technologies join existing investors Anzu Partners and the University of Minnesota. Since completing its ARPA-E award, the University of Minnesota team created a spinout startup company: Niron Magnetics.

Mobility services infrastructure company Via closes Series E round; valued at $2.25B

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Via , a company that provides digital infrastructure to power public mobility in cities around the world ( earlier post ), has raised a Series E financing led by EXOR. The financing values the company at $2.25

2020 227

Direct lithium extraction company EnergyX secures $20M in funding commitments

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EnergyX) has secured commitments of $20 million in financing. Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market.

The Greenius Goes Into Overdrive

Creative Greenius

If you live in the city of Exxon/Mobil – I mean, Torrance, it will seem like an alternative universe full of knowledgeable, hard-working, committed, productive people in stark contrast to their mirror opposites on the Torrance Environmental Commission. In Manhattan Beach I’ve been watching the four committees of the ETF present their recommendations for the city council on water, waste, building and climate change. The Greenius in Yosemite.

2009 150

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

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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. 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.

Study: EVs cannot succeed without developing parallel supercharging networks

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These are the observations in an in-depth study of the industry by management professors at the University of California, Davis, and Dartmouth College. Meanwhile, Tesla worked both sides of the market by building a sufficiently wide network of high-speed charging stations before they sold too many cars. With the major automakers promising new EV models, Bloomberg New Energy Finance predicts that 500 different EV models will be available globally by 2022.

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

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Other elements of the executive order include: State Investments: California has an investment portfolio of more than $700 billion through CalPERS, CalSTRs, and the University of California Retirement System. 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 177

Airbus and LM Industries create mobility startup Neorizon; digital manufacturing

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The Neorizon microfactory is intended to build products at unprecedented speeds through the combination of co-creation and cutting-edge technology. Neorizon’s headquarters and microfactory will be built at Airbus’ Ludwig-Bölkow-Campus near Munich, Germany in conjunction with an Innovation Campus including a new Technical University of Munich Campus.

2019 240

Michigan, Cavnue to create corridor for connected and autonomous vehicles between Ann Arbor and Detroit

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Cavnue, a subsidiary of Sidewalk Infrastructure Partners (SIP) with a focus on building the future of roads, has been selected by the state to serve as Master Developer of the corridor project. This includes leading test tracks, universities, automotive companies, and key economic anchors.

2020 212

Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

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35 new businesses, non-profits, universities, and utilities signing on to DOE’s Workplace Charging Challenge and committing to provide electric vehicle charging access for their workforce. Charging infrastructure financing: Unlocking Up $4.5 The Battery500 consortium will include four DOE National Laboratories and five universities in an effort aimed at achieving revolutionary advances in battery performance. Binghamton University (State University of New York).

2016 238

Ride-sharer Grab to invest $700M in “Grab 4 Indonesia” 2020 master plan

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Grab 4 Indonesia” covers a range of programs that aim to provide all Indonesians an opportunity to move into the digital economy, including opening a Grab R&D center in Jakarta to develop technology innovations for the Indonesian market; launching a social impact fund to invest in companies focused on deepening financial inclusion; and increasing access to mobile payments and financing opportunities across the country. Expand access to mobile payments and financing opportunities.

2017 150

Chevy buying carbon credits from US colleges; new formula helps fund campus energy-efficient projects

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Chevrolet is investing in clean energy efficiency initiatives of US colleges and universities through its voluntary carbon-reduction initiative. The funding opportunity is open to all US universities and colleges; a campus determines whether its performance in reducing carbon emissions will qualify based on new methodologies that Chevrolet developed through the Verified Carbon Standard. Ball State University in Muncie, Ind.

2014 214

Energy 2030 outlines steps to double US energy productivity by 2030; spend $166B a year to net savings of $327B

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To achieve the Commission’s goal of doubling energy productivity by 2030 with currently available technology and design practices, households, businesses, and federal, state, and local governments will need to invest about an additional $166 billion a year (in real 2010 US dollars) in building improvements, energy efficient vehicles and industrial equipment, and energy saving transportation systems, according to the report.

2013 207

Proterra beefs up its battery expertise: Q&A CTO Dustin Grace


The company has sold some 950 buses to transit agencies, airports, universities, national parks and private companies in 43 states and provinces. The Proterra Energy division offers a turnkey electrification solution for fleets, including financing, charging infrastructure and maintenance.

2020 98

NOHMs raises $5M for commercializing non-flammable, ionic-liquid containing electrolytes for EV batteries

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NOHMs), a Cornell University spin-out founded in 2010, raised $5 million in Series B venture capital financing to commercialize its non-flammable electric vehicle (EV) battery electrolyte technology. In that project, NOHMs is collaborating with A123 (cell build and testing) and CoorsTek (ionic liquid synthesis and cost analysis). NOHMs Technologies Inc.

2016 150

The Real Story of Pixar

Cars That Think

Rather, the original spark often comes from a university lab , a renegade group at a large company, or a hobbyist building stuff for fun. The tools to build it emerged piecemeal. Lucasfilm did go for it, and Steve Jobs became the venture capitalist who financed Pixar.

Northvolt progressing towards European battery Gigafactory

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With support from the EIB and InnovFin – EU Finance for Innovators Energy Demonstration Projects facility, the Swedish Energy Agency, and industrial partners, the establishment of Northvolt Labs is a key step towards the launch of Northvolt’s large-scale battery cell factory, with ultimate planned capacity of 32 GWh by 2023. Northvolt last year initiated a fundraising round with the ambition to raise up to €100 million to finance the launch of Northvolt Labs.

2018 188

DOT issues discussion document on principles for a connected vehicle environment; safety as top priority

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If state and local agencies are involved in system implementation, the system should be designed to be cost-beneficial for state and local transportation agencies in regards to building, operating, and maintaining. USDOT is receptive to all sustainable financing options that do not violate other principles. However, this stated principle does not preclude mandatory universally applicable taxes or fees to finance the system, according to DOT.

2012 204

Groupe PSA and Centrale Nantes launch €4M R&D program on digital simulation techniques for powertrain design

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The first is the time saved in the development stage due to the speed at which digital models can be configured versus the process of building and testing multiple iterations of prototypes. The two parties will co-finance the project for a total amount of €4 million (US$4.7 Groupe PSA and Ecole Centrale de Nantes have launched of an R&D partnership to optimize powertrain design processes for the group’s future vehicles.

2018 163

A Well Earned, Guilt Free #YearOfJoe

Creative Greenius

After she got a job at Mattel in 1985 she got me a shot at a temp job as an $8 an hour “board turner” in the Samples Department at the original Mattel building in Hawthorne. My clients included HP, Universal Pictures, Washington Mutual, Sony, 20th Century Fox, Tyco Toys, Tangle Toys, Playmates Toys and others who kept me busy year round. Ladies and gentlemen your friendly neighborhood Greenius has hit the wall. I am dog tired.

2017 239

DOE awards $4M to carbon capture and storage projects selected as part of ACT

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million is funded by the ACT consortium; private financing amounts to €1.5M Los Alamos National Laboratory (LANL) and its subcontractor, the University of Texas at Austin, will work with their partners to establish a fast-track, cost-effective, de-risking mechanism to predict and control degradation of carbon capture solvents.

2019 150

Lucid Motors adds former Waymo Treasurer as CFO as company prepares to go public


During House’s time at Waymo, the University of Michigan grad built and led a team that handled the company’s financial health and investment plans. Her LinkedIn page says she also led all funding and financing initiatives and managed investor communications to promote growth.

Anglo American Platinum invests in Hydrogenious Technologies; liquid organic hydrogen carrier technology for H2 storage

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South Africa-based Anglo American Platinum , the world’s leading primary producer of platinum group metals (PGMs), has invested in the first close of the Series A financing round of Hydrogenious Technologies, a company developing liquid organic hydrogen carrier (LOHC) hydrogen storage technology. Hydrogenious Technologies is a spin-off from the University of Erlangen- Nuremberg (Germany), which also holds a stake in the company, and the Bavarian Hydrogen Center.

2014 209

ZF opens passenger car transmission plant in the US; emphasis on 9-speed automatics

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So far, ZF has invested around €300 million (US$399 million) in building the new location, which is around 130 kilometers (81 miles) north-west of Columbia. €450 million (US$598 million) is planned for investment into the new location—the largest single investment in the almost century-long history of ZF, emphasized Dr. Konstantin Sauer, ZF Board Member responsible for finance and the North American region. Manufacturing 8-speed automatics at Gray Court.

2013 216

Oil Well Strippers Suffering From Low Oil Prices

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It’s unclear if the same magnitude of shutdowns will happen this time around given low interest rates and the years of high oil prices may have helped build stripper’s cash reserves (interest rates in the 1980s were significantly higher). Dr. Michael McDonald is an assistant professor of finance at Fairfield University and a frequent consultant to companies regarding capital structure decisions and investments. by Michael McDonald of Oilprice.com.

2015 183

Berkeley Lab researchers develop Bchain protocol to make blockchain more robust

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Over the past few years, researchers at Lawrence Berkeley National Laboratory (Berkeley Lab), University of California at Davis (UC Davis) and University of Stavanger in Norway have developed a new protocol, called BChain, which makes blockchain even more robust. Building on chain replication, BChain achieves high throughput and low latency under high client load. —Hein Meling, a computer science professor at the University of Stavanger and co-author of the paper.

2018 174

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Expanding the Better Buildings Challenge. The Better Buildings Challenge targets helping American commercial and industrial buildings becoming at least 20% more energy efficient by 2020.

2013 216

Researchers call for major change in US policies supporting plug-ins; failure of “mainstream consumer bias”

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In a paper published in the journal Energy Policy , Erin Green of Green Energy Consulting; Steven Skerlos of the University of Michigan; and James Winebrake of the Rochester Institute of Technology argue that current US policies intended to promote the uptake of plug-in electric vehicles haven proven inefficient and ineffective. Further, the authors note, building up charging infrastructure is central to US policy. Making loans and financing more accessible for PEV buyers.

2014 230

Stanford launches major new natural gas research initiative

Green Car Congress

Stanford University has launched a new research initiative to study comprehensively the development and use of natural gas. The program will fund interdisciplinary research in six key areas: resource development; uses; environmental impacts and climate change; global markets and finance; policy and regulatory reform; and geopolitical impacts. Zoback, Ritts and Schuller are in the process of building out NGI’s corporate affiliates program.

2015 214

Ford Starts EV Test Drives

Revenge of the Electric Car

The 25 vehicles will be driven under normal traffic conditions in Cologne, where Ford’s European division is based, said Ferdinand Dudenhoeffer, director of the Center for Automotive Research at Germany’s University of Duisburg-Essen, which is overseeing the 15 million-euro ($22 million) study. 8 that it may spend $300 million to $500 million on factories in its home state of Michigan to build electric vehicles and batteries. Ford is starting EV trials in Germany.

2010 149

DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

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Leverage increased private sector financing for deployment of “all of the above” energy technologies. DOE also will work with other agencies in addition to state and local governments to use existing authorities to remove barriers to increased financing for clean energy deployment. Demonstrate the integration of 50% variable distributed energy resources on distribution feeders with electric vehicles and building energy management systems by 2020 with high reliability and resiliency.

2014 200

Poland NCBJ report concludes small modular reactors unlikely to play key role as basic electricity source in Poland

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High Temperature Reactors that might co-generate electricity and heat) is pursued jointly with some partners from the country and abroad (Mining & Metallurgy Academy AGH in Cracow, Prochem, Warsaw University of Technology). The HTR-PL Polish programme coordinated by AGH and financed by NCBiR (National Centre for Research and Development) Polish government agency supplements the NC2I-R program.

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Mn/DOT assessing potential for mileage-based user fee to replace fuel tax; Battelle conducting technology assessment

Green Car Congress

Other state DOTs also are researching alternative financing methods to supplement or replace a gas tax. We are researching alternative financing methods today that could be used 10 or 20 years from now when the number of fuel efficient and hybrid cars increase and no longer produce enough revenue from a gas tax to build and repair roads.

2011 224

MIT researchers conclude fundamental changes in the US energy-innovation system are needed to meet challenges of climate change and energy supply

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The conclusions of that study are detailed in a new book— Unlocking Energy Innovation (MIT Press, 2012)—by Richard Lester, the Japan Steel Industry Professor of Nuclear Science and Engineering at MIT, and David Hart, a professor of public policy at George Mason University. The build-up of greenhouse bases in the atmosphere continues unabated, and its environmental and human costs are mounting.