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California adds $72.5M for cleaner diesel trucks, deployment of advanced vehicle technologies

Green Car Congress

This program provides vouchers of up to $55,000 to help California fleets purchase cleaner, advanced technology trucks and buses. ARB’s Truck Loan Assistance Program received an additional $18 million to help small business fleet owners finance truck upgrades required under the ARB’s In-Use Truck and Bus Regulation.

Cleaner 246
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Omnitek Engineering completes $5M placement; financing to facilitate diesel to natural gas truck engine conversion sales

Green Car Congress

Omnitek Engineering Corporation, a developer of natural gas engines and diesel-to-natural gas conversion systems, has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 million in gross proceeds.

Financing 236
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EPA Awards $20M in Recovery Act Funding for Clean Diesel Finance Program

Green Car Congress

The US Environmental Protection Agency (EPA) announced three recovery act grants totaling $20 million in funding for the SmartWay Clean Diesel Finance Program. These recovery act grants will fund the purchase of new, cleaner or retrofitted vehicles and equipment.

Financing 150
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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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EPA awards $5M to the Southern Alliance for Clean Energy (SACE) for cleaner big rigs

Green Car Congress

The US Environmental Protection Agency (EPA) has awarded $5 million to the Southern Alliance for Clean Energy (SACE) to help Southern truckers and small businesses to buy cleaner big rigs. The Clean Trucks Make Cents program will finance up to 100% of the purchase or lease of a pre-2007 tractor-trailer.

Cleaner 186
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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. Andrew Halarewicz, Sr.

Coal 225
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Obamas budget proposes terminating Diesel Emissions Reduction Act grant program

Green Car Congress

Among the many program terminations, reductions and savings outlined today in the president’s budget is the proposed termination of the US Environmental Protection Agency’s Diesel Emissions Reduction Act grant program. Enacted funding for the program in 2010 was $60 million. In addition, $7.1

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