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”.

2020 212

Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. for electric vehicle financing appeared first on Promoting Eco Friendly Travel. Terra Motors partners Pooja Finelease Ltd.


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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. The transition from coal toward cleaner sources in developing nations is underway.

2019 227

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. With this additional funding, the program will continue to support small business truck owners to gain access to cleaner trucks.

2013 214

NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

Green Car Congress

We believe that clean distributed power generation from fuel cells will be one of the key technologies that drive our country toward a cleaner energy future. FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company has the option to continue the financing term for each project after COD for a maximum term of five years per project. FuelCell Energy, Inc.,

2014 212

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

Green Car Congress

Under the terms of the financing, the company will issue shares of common stock at a price of $2.12 The completion of this financing will greatly accelerate the build out of our national network of diesel-to-natural-gas conversion facilities. By converting these diesel engines to operate on natural gas during a routine service overhaul, Omnitek can offer truck operators a compelling return on investment with much lower fuel costs and cleaner combustion, he said.

2012 207

IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

Green Car Congress

An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Eesti Energia’s subsidiary Enefit is developing two parallel oil shale projects in Jordan, where it acquired the exclusive right to develop, design, finance, construct and operate a 500 megawatt oil shale-fueled power station.

SolarCity and Honda establish investment find to finance $65M in solar projects for Honda and Acura customers

Green Car Congress

are partnering to make solar power more affordable and available to Honda and Acura customers in the US, providing a cleaner source of electricity at a lower cost than utility-supplied power. The partnership establishes an investment fund to finance $65 million in solar projects to assist Honda and Acura customers with the initial cost of solar power installation. SolarCity and American Honda Motor Co.,

2013 195

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 money, awarded through the SmartWay Clean Diesel Finance Program, will guarantee loans used to buy retrofitted used tractor-trailers at Rush Truck Centers throughout the South. The Clean Trucks Make Cents program will finance up to 100% of the purchase or lease of a pre-2007 tractor-trailer.

2010 174

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

In terms of investment in innovation for cleaner energy, the plan calls for: Investment in advanced fossil energy projects. The Department of Agriculture’s Rural Utilities Service will finalize a proposed update to its Energy Efficiency and Conservation Loan Program to provide up to $250 million for rural utilities to finance efficiency investments by businesses and homeowners across rural America.

2013 216

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. Overall, the recovery act allotted $300 million for the National Clean Diesel Campaign, $30 million of which will fund SmartWay Clean Diesel Finance Program grants.

2009 150

Australia cuts green car funding in wake of floods

Green Cars News

billion Green Car Innovation Fund will be dropped along with the Cleaner Car Rebate Scheme as part of spending cuts to help finance rebuilding Australia’s flood-affected regions. Green credentials Australia cleaner car fund grants green car Innovation fund rebateAustralia has abolished plans to help develop greener cars and encourage consumer uptake of lower emission vehicles. Prime Minister Julia Gillard has announced that the country’s $1.3

CARB approves $1.5B investment in clean cars, trucks, mobility options for FY 2021-22

Green Car Congress

Supported projects range from consumer rebates for clean cars to incentives for cleaner trucks, and mobility options. This includes funding for demonstration and pilot projects, vouchers for advanced clean trucks, financing for small truck fleets transitioning to cleaner technologies, and funds for drayage trucks, and transit and school buses, all of which are primed to rapidly transition to zero-emission technologies. $30

Clean 263

Direct lithium extraction company EnergyX secures $20M in funding commitments

Green Car Congress

EnergyX) has secured commitments of $20 million in financing. In 2020, EnergyX announced a pilot partnership with Orocobre Limited ( earlier post ) to deliver high-quality and comprehensive solutions that will lead to a cleaner, more efficient lithium extraction.

Australian Government establishes A$300M fund to support hydrogen projects

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The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges.

2020 256

Liquid Wind raises €4M in equity to produce eFuel

Green Car Congress

A Power-to-Fuel company, Liquid Wind will develop and finance facilities to produce carbon-neutral liquid fuel, eMethanol. To meet growing demand for cleaner fuel, Liquid Wind are designing the business to scale rapidly. Liquid Wind has closed its Series A funding round, securing €4M in equity investment. Investors in the eMethanol facility developer include Alfa Laval, Carbon Clean, Falkor, Haldor Topsoe, Siemens Energy and Uniper.

Wind 174

Motiv Power Systems secures $15M in funding from GMAG Holdings Corp.

Green Car Congress

With this new financing, Motiv aims to scale further its manufacturing operations, as well as fund technology and geographic expansion. This new funding comes as the commercial electric vehicle (EV) market is gaining momentum as fleet owners look to meet new regulations, reduce costs, and answer social pressures for cleaner transportation options.

2020 174

Syzygy Plasmonics raises $23M Series B to electrify chemical manufacturing; photocatalytic reactor for hydrogen production

Green Car Congress

Syzygy Plasmonics, a technology company developing a high-performance photocatalyst for the industrial gas, chemical and energy industries, announced a $23-million Series B financing led by Horizons Ventures with participation from new global investors including Equinor Ventures.

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). Several governments have also announced targets for cleaner transport, some driven by the emissions-cheating scandal that engulfed Volkswagen AG.

2017 150

IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

Green Car Congress

At the same time, there are few signs of the substantial reallocation of capital towards energy efficiency and cleaner supply sources that is needed to bring investments in line with the Paris Agreement and other sustainable development goals. But the bottom line is that the world is not investing enough in traditional elements of supply to maintain today’s consumption patterns, nor is it investing enough in cleaner energy technologies to change course.

2019 177

Toyota introduces second-generation Mirai fuel cell electric vehicle as design and technology flagship

Green Car Congress

The inlet design and sound-absorbing material in the air cleaner prevent air column resonance. By necessity, the intake air for the fuel cell must be purified; the electret air cleaner element captures ultra-fine particles (PM 2.5 ), and a charcoal filter removes chemical substances.

2020 364

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

Green Car Congress

It also solves our plastics and waste problems by turning them into green hydrogen, and does it cleaner and at costs far lower than any other green hydrogen producer. Energy company SGH2 is bringing the world’s biggest green hydrogen production facility to Lancaster, California.

2020 364

Clean Energy Ventures leads investment battery startups Nth Cycle and Volexion; upstream, downstream

Green Car Congress

Electro-extraction is thus a cleaner, lower-cost alternative to the conventional pyrometallurgy and hydrometallurgy processes used by battery recyclers and mining companies to recover cobalt, nickel and manganese for new battery manufacturing.

Clean 212

Octopus launches ‘Electric Dreams’ – An EV leasing company unlocking salary sacrifice for businesses

Drive EV

Being able to offer something that promotes cleaner transport has been a real benefit to helping our team live our mission of a more sustainable world – they are amazed at what a brilliant deal this is.”

Tax 52

BlueFire Cellulosic Ethanol Project Advances to Phase II of DOE Loan Guarantee Process

Green Car Congress

announced that the Department of Energy has determined that the company has met the requirements necessary for Phase I of the application process for a loan guarantee and that the company has been invited to continue on to Phase II for the financing of their Fulton, MS Project. We are currently evaluating all options and seeking strategic personnel to help BlueFire successfully close the financing for the Fulton facility and other future facilities. BlueFire Ethanol Fuels, Inc.

2010 190

GE Capital and Clean Energy form strategic alliance to accelerate adoption of natural gas in trucking industry

Green Car Congress

GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.

2013 232

EC adopts Fit for 55 package of proposals; reducing net GHGs by at least 55% by 2030; all new cars zero-emission in 2035

Green Car Congress

A new Social Climate Fund is proposed to provide dedicated funding to Member States to help citizens finance investments in energy efficiency, new heating and cooling systems, and cleaner mobility. The Social Climate Fund would be financed by the EU budget, using an amount equivalent to 25% of the expected revenues of emissions trading for building and road transport fuels.

California ARB fines Ford $2.96 million for sales of non-compliant On-Board Diagnostic systems in California

Green Car Congress

million, $740,000 will go to the California Pollution Control Financing Authority (CPCFA), which provides financial assistance to projects aimed at reducing pollution and waste and encouraging the use of renewable energy. Funds from this settlement will go to assist small business owners in financing retrofits or upgrades of heavy-duty diesel trucks or buses to meet California’s clean air regulations.

2014 195

What is a ‘modal shift’ and why is it important?

Clean Car

In common with many other industries and sectors the push towards cleaner forms of urban mobility has its jargon. It needs political commitment to real change, financing and great innovation.

2020 52

IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

Green Car Congress

This could be particularly detrimental to the outlook in some developing countries, where financing options and the range of investors can be more limited.

2020 294

European Investment Bank and PSA Peugeot Citroën Sign €200M Loan Agreement for the Development of Plug-In Hybrids

Green Car Congress

The European Investment Bank and PSA Peugeot Citroën signed a €200-million (US$259-million) loan agreement to finance the carmaker’s program to develop plug-in hybrid vehicles. The loan was granted under the European Clean Transport Facility (ECTF) financing program, one of the EIB’s measures for stimulating the European economy. million was granted under the ECTF financing programme, including €600 million to PSA Peugeot Citroën.

2010 163

Carbon Sciences plans to act as developer for US-based methane-to-gasoline plant

Green Car Congress

The company says it is also developing a proprietary technology to enable a second-generation GTL solution that will produce even cleaner gasoline by using captured CO 2 or low-value, high-CO 2 content natural gas as part of the process. Our first project must be absolutely ‘bankable’ to obtain the necessary project financing. California-based Carbon Sciences, Inc.

2012 203

CARB approves $483M funding plan for clean transportation investments; 94% of funding from cap-and-trade

Green Car Congress

Projects in the FY 2018-19 plan prioritize environmental justice by addressing specific community needs and increasing awareness of, and access to, cleaner transportation and mobility options exceeding the requirements called for under Senate Bill 350. The California Air Resources Board approved a $483 million plan to fund clean car rebates, zero-emission transit and school buses, clean trucks, and other innovative, clean transportation and mobility pilot projects.

2018 177

Ford and Georgia Tech partner on hydraulic hybrid school bus conversion

Green Car Congress

Conducted by Georgia Tech, the project is financed by a $50,000 Ford College Community Challenge Grant, one of five given annually for a student-led project that matches university resources with an urgent community need related to sustainability. We expect our research will lead to cleaner, more efficient school buses that will help school districts like APS significantly reduce fuel costs and greenhouse gas emissions.

2011 183

California ARB proposing changes to Truck and Bus Regulation to offer new flexibility options

Green Car Congress

The California Air Resources Board has unveiled. proposed amendments to its Truck and Bus Regulation. The amendments are designed to provide new flexibility to truckers working to clean up their aging diesel fleets while still protecting the emission benefits the regulation provides. Board members will consider the changes at the 24 April. hearing.

2014 218

Canada aligns with US on light-duty vehicle GHGs, Tier 3 regulations and heavy-duty vehicle fuel efficiency

Green Car Congress

Canadian Environment Minister Leona Aglukkaq announced developments on three new regulatory initiatives to further support Canada’s efforts to curb greenhouse gas (GHG) emissions and to provide cleaner air through lower air pollutant emissions from cars and trucks. With these amendments, Canada is proposing to establish more stringent US Tier 3 vehicle and fuel standards to provide cleaner air to Canadians.

2014 190

Volkswagen is buying credits from Tesla to meet China’s environmental standards: report


The country has adopted a series of aggressive environmental goals, part of which is a credit system designed to encourage automakers to develop cleaner cars.

Buy 63

California ARB staff holding public workshop to discuss preliminary recommendations for $100M in Prop 1B funding to reduce freight emissions

Green Car Congress

Local agencies apply to ARB for funding, then those agencies offer financial incentives to owners of equipment used in freight movement to upgrade to cleaner technologies. Staff is proposing that this funding be provided as grants and financing assistance—first to certain drayage truck projects and second to other types of truck projects.

2011 183

Bank of America joins Stanford’s Global Climate & Energy Project

Green Car Congress

The GCEP collaboration expects to benefit from the bank’s expertise in financing sustainable businesses dedicated to addressing climate change and advancing low-carbon solutions. All of humankind needs energy that is reliable, cleaner and more affordable.

2013 195

Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits

Green Car Congress

Senate Finance Committee Chairman Max Baucus (D-Mont.) Any facility producing electricity that is about 25% cleaner than the average for all electricity production facilities will receive a tax credit. The cleaner the facility, the larger the credit. The credit phases out over four years once the greenhouse gas intensity of the US electricity generation declines to the point that it is 25% cleaner than 2013.

2013 237

Obamas budget proposes terminating Diesel Emissions Reduction Act grant program

Green Car Congress

Having achieved its short term objective to remove or retrofit the oldest and dirtiest engines, according to the justification, in the longer term any additional emissions reductions will occur even without DERA funding, as the inventory of existing engines turns over and new cleaner engines become the norm. Separately, California’s Proposition 1B finances projects to reduce diesel emissions from freight transportation.

2011 183

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

Green Car Congress

USFF’s model attracted the attention of GPF Real Estate & Financing Corporation (Global REFCo), a subsidiary of Global Private Funding, Inc. Global), who will provide debt based financing to support the equity-based investments.

2012 200

Accelergy Receives Grant from Pennsylvania for Feasibility Study on Coal-Biomass-to-Liquids

Green Car Congress

Accelergy Corporation recently was awarded an alternative and clean energy program grant from the Pennsylvania Commonwealth Financing Authority to fund a feasibility study to evaluate the viability of the company’s integrated Coal-Biomass-to-Liquids (CBTL) process with the assistance of Raytheon Company and Carbon Cycle Technology Alliance partner A2BE CarbonCapture, LLC.