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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Actions such as the debt tender offer and the issuance of 0% convertible notes earlier this year, together with anticipated broader access to capital from the new sustainable financing framework, are consistent with Ford’s objectives to further strengthen its balance sheet and financial flexibility and return its credit ratings to investment grade.

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Chevrolet introduce electrified AWD Corvette: 2024 E-Ray hybrid

Green Car Congress

The new E-Ray—available in removeable roof coupe and hardtop convertible models—is the only sports car pairing two separate propulsion systems to provide naturally aspirated V-8 power with electrified responsiveness powered by eAWD. The E-Ray is the quickest production Corvette in history, clocking a 2.5-second

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ARPA-E awarding $39M to 16 projects to grow the domestic critical minerals supply chain

Green Car Congress

Notably, there are challenges associated with mining, processing and production of critical elements, which are often located in a handful of geopolitically sensitive regions. RECLAIM: Electrochemical Lithium and Nickel Extraction with Concurrent Carbon Dioxide Mineralization ($2,999,997). Earlier post.)The Columbia University.

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ARPA-E Selects 37 Projects for $106M in Funding in Second Round; Electrofuels, Better Batteries and Carbon Capture

Green Car Congress

ARPA-E’s first solicitation awarded $151 million to 37 projects aimed at transformational innovations in energy storage, biofuels, carbon capture, renewable power, building efficiency, vehicles, and other areas. This process is less than 1% efficient at converting sunlight to stored chemical energy. coli; Product: Isooctane.

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DOE awards $7M to eight oxy-combustion coal technology projects; carbon capture, utilization and storage

Green Car Congress

The US Department of Energy (DOE) selected eight projects to advance the development of transformational oxy-combustion technologies capable of high-efficiency, low-cost carbon dioxide capture from coal-fired power plants. The Energy Department’s $7 million investment—leveraged with recipient cost-share to support approximately $9.4

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US Fuels acquires coal-to-diesel IP for scalable plants near mine sites

Green Car Congress

Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck.

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DOE awards ~$25M to 8 projects for CO2 capture and compression; $15M for novel Direct Fuel Cell system

Green Car Congress

The US Department of Energy’s (DOE) National Energy Technology Laboratory (NETL) has selected eight projects to receive almost $25 million in funding to construct small- and large-scale pilots for reducing the cost of CO 2 capture and compression through DOE’s Carbon Capture Program. FuelCell Energy Inc. Source: FuelCell Energy.

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