article thumbnail

Universal Hydrogen secures additional $62M in financing to accelerate first test flight of hydrogen-powered regional aircraft to 2022

Green Car Congress

Headquartered in Los Angeles, California, with an engineering center in Toulouse, France, and a flight test center in Moses Lake, Washington, Universal Hydrogen is rapidly growing its team. As early investors, we are proud to continue to support their efforts in any way we can.

Hydrogen 397
article thumbnail

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

Green Car Congress

Energy company SGH2 is bringing the world’s biggest green hydrogen production facility to Lancaster, California. Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry.

Waste 448
article thumbnail

Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

A newly released analysis produced by Beacon Economics for the nonprofit, nonpartisan think-tank Next 10 has found that California’s zero-emission vehicle (ZEV) market is on track to meet or exceed a target of 1.5 million ZEVs on California’s roads by 2025. As of October 2017, 337,483 ZEVs have been sold in California.

article thumbnail

BNEF: Global plug-in vehicle sales surge 63% year-on-year in Q3; China accounted for more than half of total

Green Car Congress

Plug-in electric vehicles sales surged to a record in the third quarter, largely driven by strong demand in China, according to a new report from Bloomberg New Energy Finance (BNEF). China—the world’s largest auto market—is considering such a ban, as is California.

Plug-in 150
article thumbnail

Fisker adds new US dealer and several more in Europe as extreme price cuts take effect

Baua Electric

California-based EV startup Fisker signed a new dealer in Miami and several in Europe as it fights to turn things around. The move is to “align inventory levels and progress strategic and financing initiatives,” according to Fisker. Fisker previously signed dealer partners in Austria, France, Germany, Norway, and Switzerland.

Fisker 52
article thumbnail

BioAmber closes $45M Series B to fund biobased succinic and adipic platforms

Green Car Congress

a developer of bio-based succinic acid ( earlier post ), has raised $45 million dollars in a Series B financing that will accelerate the commercialization of succinic acid and modified PBS (polybutylene succinate, a renewable, biodegradable polymer). BioAmber Inc., Also participating in the round were existing investors Mitsui & Co.

article thumbnail

Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Automakers will push for changes in the California ZEV mandates. California’s zero emission vehicle (ZEV) regulations require volume automakers to sell a minimum number of PEVs each year in the state. By 2022, not even California will meet the 10% ZEV requirement. batteries, electric drive systems, etc.),

2014 346