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

Green Car Congress

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”.

Financing 221
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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. Exelon Corporation is the US’ leading competitive energy provider, with 2013 revenues of approximately $24.9

Financing 210
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ExxonMobil to buy 2.5M barrels of renewable diesel per year for 5 years from Global Clean Energy

Green Car Congress

ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 Global Clean Energy Holdings’ wholly owned subsidiary, Sustainable Oils, is the leading developer of camelina, a fast-growing, low input, dryland farmed rotation crop. As background, globally, in 2019, ExxonMobil sold some 1.9

Clean 186
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Tesla Supplier LG Energy Solution tempers 2024 revenue expectations

Teslarati

Tesla supplier LG Energy Solution (LGES) warned of slow revenue growth in 2024. I just can’t emphasize this enough: that the vast majority of people buying a car is about the monthly payment. “If interest rates remain high or if they go even higher, it’s that much harder for people to buy the car.

Energy 114
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Park City Transit deploying six Proterra electric buses; battery-lease financing model

Green Car Congress

Selected to serve the region’s renowned ski resort community, the Proterra fleet supports Park City’s and Summit County’s transition toward renewable energy and the reduction of its overall carbon footprint. buy the bus, lease the battery.

Financing 186
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Canada’s BC Transit to buy ten 40' Proterra electric buses and megawatt-scale fleet charger

Green Car Congress

BC Transit in British Columbia, Canada has approved a $20-million contract to purchase ten 40-foot Proterra ZX5 electric transit buses and one Proterra Energy megawatt-scale EV fleet charger as part of the agency’s transition to a fully electric bus fleet.

Fleet 199
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Volvo Buses in project researching use of second-life electric bus batteries to store solar energy

Green Car Congress

Volvo Buses is participating in a research project in which used electric bus batteries are used as solar energy storage units. Batteries from electric bus route 55 in Gothenburg, Sweden are being used for solar energy storage in a second-life application. IRIS is a Light House project, financed by EU HORIZON 2020.

Store 273