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Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.
The study, sponsored by the DOE’s Office of Energy Efficiency and Renewable Energy’s Vehicle Technologies Office, is the result of a collaboration between Argonne and four other DOE national labs: Lawrence Berkeley National Laboratory, National Renewable Energy Laboratory, Oak Ridge National Laboratory, and Sandia National Laboratories.
Renewable Energy Group, Inc. has secured financing of up to $20 million from First Midwest Bank for the $24-million capacity-expansion project at the company’s Ralston, Iowa biodiesel refinery. —Chad Stone, Chief Financial Officer. First Midwest Bank has also been involved in financing for REG Newton.
sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain. Piedmont must still obtain a local zoning variance and financing for the project, estimated to cost more than USD 1 billion. Low lithium prices may also hobble Piedmont’s financing attempts, analysts said.
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