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ClearFlame Engine Technologies secures $17M in Series A financing

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ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.

Financing 318
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BNDES approves $92.5M lines of credit to support Eve’s eVTOL development program

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The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements.

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ClearFlame Engine Technologies secures $2.5M to advance diesel-free truck demonstration; ethanol-fueled MCCI

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million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. Jacobs provided installation support of its patented Cylinder Deactivation (CDA) technology, which complements the ClearFlame high-temperature, carbon-neutral strategy.

Diesel 321
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Oregon Governor Signs Climate Change Bills, Including Low Carbon Fuel Standard and B2

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Oregon Governor Ted Kulongoski signed into law a series of bills constituting a climate change package that includes a low carbon fuel standard (LCFS), a B2 mandate, and other transportation-related measures. Authorizes the Environmental Quality Commission (EQC) to develop a low carbon fuel standard that would sunset in 2015.

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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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Without systematic, transformative changes, the US is unlikely to succeed either in averting the worst economic and environmental consequences of climate change or in achieving a secure, affordable and reliable energy supply. The project was supported by a grant from the Doris Duke Charitable Foundation.

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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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The Governor also issued an executive order directing the leveraging of the state’s $700-billion CalPERS, CalSTRS and UC Retirement Program portfolio to drive investment toward carbon-neutral technologies.

Climate 191
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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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The report, A Paradigm Shift Towards Sustainable Low Carbon Transport , finds that more than $1.5 trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change.