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Balqon Receives Initial $490,000 Purchase Order for Heavy-Duty Electric Drive Systems From New China-Based Distributor

Green Car Congress

Under the terms of the dealer agreement, DynaProTech plans to integrate Balqon’s zero-emissions electric drive systems into electric buses, heavy-duty trucks, light commercial vehicles and automobiles for use throughout China. billion) in the alternative-energy vehicles industry during the next 10 years. Verde in Spain.

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The Global Outlook of Electric Vehicles

Blink Charging

In total, the International Energy Association reports , 6.6 In fact, China accounted for half of the worldwide growth of EV sales in 2021, and IEA writes that more EVs were purchased there in 2021 than in the entire rest of the world throughout 2020. In 2021, more EVs than that were sold each week.

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Ampal Signs Option Exercise Agreement to Acquire 25% in Ethanol Project in Colombia

Green Car Congress

pursuant to which it has exercised an existing option to convert Ampal’s existing $22.249 million loan ($20 million plus accrued interest) into a 25% equity interest in a sugarcane ethanol production project in Colombia being developed by Merhav. Colombia requires 10% ethanol blending in gasoline distributed in Colombia.

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Shell and Sumitomo Corporation invest in LO3 Energy to develop blockchain-based community energy platform

Green Car Congress

Shell Ventures and Sumitomo Corporation Group have invested in LO3 Energy to support the global development of its blockchain-based community energy networks. LO3 says that its system can democratize the energy industry, allowing people to both consume and produce electricity at their home and business. Earlier post.).