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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.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Audi, along with ETOGAS, is building the first commercial-scale demonstration plant (6.3 Financing Project VGV: the Green Redemption Fund.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.
Funds from the strategic financing will be used to further accelerate the company’s product development activities, project deployments, and growth plans as the Company expands its technical leadership in medium and heavy-duty hydrogen fuel cell bus and trucking applications.
to offer Financing Programs on their DC Quick Charging Stations for Electric Vehicles. The program offers zero-down, zero-interest financing in an effort to offset the cost of equipment and encourage small businesses to install charging stations at their sites. Fuji Electric Corp. Earlier post.)
Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.
A new study published by US Department of Energy’s (DOE) Argonne National Laboratory offers the most complete understanding yet of the costs of owning and operating a vehicle, and how those costs vary by powertrain, from the conventional to the cutting-edge. Overall, hybrid electric vehicles tend to be the lowest-cost powertrain.
DOE also announced the “America’s Most Affordable Rooftop Solar” competition to aggressively drive down the cost of rooftop solar energy system as well as $8 million in awards to nine small businesses to lower the cost of financing, permitting, and other “soft costs,” which can amount to nearly half the cost of residential solar systems.
The integration of Flybrid and Torotrak provides a platform for a joint development and commercial launch of M-KERS, Torotrak said. M-KERS can recover up to 70% of braking energy for around a third the cost of battery electric hybrids, the company says. Earlier post.). Torotrak has conditionally raised funds of £16.0
The new stufy combines analysis of investment opportunities focusing on three hubs: Mauritania - Morocco; southern Africa; and Egypt with a roadmap of technical, economic, environmental and financial solutions to unlock commercial development. This is equivalent to energy costs of US$60 a barrel.
Qmerit, the leading provider of implementation solutions for EV charging and other electrification technologies, has launched turnkey EV charging solutions for commercial properties. Qmerit then conducts an on-site evaluation using the foundational information from the Commercial Assessment. —Tracy K. —Tom Bowen.
Shengquan Group, a Shandong-based company specializing in furan resin and polymers, and Novozymes, a world leader in bioinnovation, have formed a partnership enabling Shengquan to start commercial-scale production of cellulosic ethanol for solvents in June 2012 using Novozymes’ technology.
In an open access paper published in Nature Communications , researchers from the University of Wollongong in Australia report that their capillary-fed electrolysis cell demonstrates water electrolysis performance exceeding commercial electrolysis cells, with a cell voltage at 0.5 kWh/kg in commercial electrolysis cells). Hodges et al.
Hyundai will support the construction cost of the hydrogen refueling station while providing up to 12 fuel cell electric buses as well as their maintenance and service. —Seong Kwon Han, President and Head of Commercial Vehicles Division at Hyundai Motor Company. In September 2019, Hyundai and Cummins Inc. Earlier post.).
The cost of the deal is $1.9 In addition, Electra Afikim will bear the cost of the electricity. This is the second commercial deal signed by Electreon in Israel. As part of the agreement the parties will promote commercial public charging projects in Finland, with trucks and wireless distribution vehicles.
Cynar is a UK company established to commercialize the ThermoFuel technology exclusively licensed to it in the UK and Ireland by its owners, Ozmotech Pty Ltd. Suez Environment’s venture fund Blue Orange will contribute to the financing scheme together with SITA UK. Cynar system.
Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). The design significantly increases reliability, maximizes performance, and reduces total cost of ownership.
BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. The option of letting consumers finance the chargers will ultimately fall into the hands of dealers and manufacturers, the company said. With the nationwide EV outlook expected to reach 26.4
While plant lifetime extensions require substantial investment, they generally yield a cost of electricity that is competitive with wind and solar in most regions. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies.
As a result, we’ve sold more all-electric commercial EVs than any other vehicle manufacturer in North America to date. Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states.
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., Clean Energy will then help offset the monthly cost of newly-acquired NGVs to make it consistent with the cost of a diesel truck, if the customer makes a fuel commitment.
Certain segments, such as buses and two- and three-wheelers are close to being on track for net zero, but more action is needed to get on track elsewhere—especially in medium- and heavy-duty commercial vehicle segments, BNEF said. Yet, the rising cost of batteries will not derail near-term EV adoption.
The US Department of Energy (DOE) announced up to $25 million in funding to reduce the cost of algal biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019. Earlier post.). DOE Assistant Secretary EERE David Danielson, the opening keynote speaker for the summit, said that the agency is “all in” on algae fuels.
The material possesses very high surface area and a high packing of nanopores, according to Skeleton, which aims to commercialize the carbon material and supercapacitor technology. Skeleton is currently preparing a launch of Round A financing at the end of February.
Commercial electric vehicle manufacturer Smith Electric Vehicles Corp. We have instead elected to pursue private financing opportunities to support the execution of our business plan. has decided not to pursue its planned initial public offering. —Bryan Hansel, Smith’s CEO.
Cost of carbon abated for transport applications. Cost of carbon abated. Strategically the UK needs to consider the most cost effective approach for decarbonizing, the report notes. For heating applications using natural gas as a counterfactual, Bio-SNG offers a cost per tonne of CO 2 e abated of ~£175/te.
Ultimately, this will allow Octillion to build market cases for traditional financing groups eager to get into battery leasing but concerned by the technology. With leasing, the upfront cost of the battery is significantly reduced, making the vehicle, in most cases, less expensive than ICE vehicles. —Paul Beach.
to finance the development and production of low-carbon fuels and energy transition metals. Our extensive experience in building, developing and financing natural resource assets and companies allows us to consider trade-offs of resource projects thoughtfully. NORI and Low Carbon Royalties are a great fit.
Coskata’s semi-commercial facility in Madison, Pa. a syngas to ethanol company, officially launched its semi-commercial “Flexethanol” facility located in Madison, PA. Actual production cost will vary, either below or above $1.00 per gallon, based on the cost of feedstock and the cost of power for the specific plant, he noted.
However, with improving maturity of technology, total cost of ownership, government incentives and regulations, there will be more than four million zero emission heavy vehicles deployed by 2030. —Zubin Sarkar, Head of Strategy, Business Development and Marketing at Siemens Commercial Vehicles.
Enerkem GreenField Alberta Biofuels (EGAB) has successfully completed the necessary environmental regulatory process and has been granted a permit to commence construction of a commercial facility to produce biofuels and green chemicals from sorted municipal solid waste in Edmonton, Alberta. These residues would otherwise be landfilled.
Mercedes-Benz Vans will offer electric drive options on all its commercial van model lines. The commercial model ranges with electric drive will thus cover all requirements from people moving to goods transport. A commercial fleet must be able to meet transport needs economically and competitively, regardless of the type of powertrain.
The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. The report calculates the cost of producing electricity from different types of new power plants. The report calculates the cost of producing electricity from different types of new power plants. Source: IEA/NEA.
This first phase commences in May 2017 and would continue until completion of Gevo’s first large-scale commercial hydrocarbon plant. The agreement with HCS is a key milestone for Gevo and represents our first definitive purchase agreement for long-term supply from our first commercial scale hydrocarbon site.
US President Barack Obama has established a Biofuels Interagency Working Group, to be co-chaired by the Secretaries of Agriculture and Energy and the Administrator of the Environmental Protection Agency, to further the research, development and commercialization of biofuels.
Announced in January 2020 by US Secretary of Energy Dan Brouillette, the Energy Storage Grand Challenge (ESGC) is a comprehensive program to accelerate the development, commercialization, and utilization of next-generation energy storage.
BurnVoir Corporate Finance acted as financial adviser to the company. The Vittangi project will use 100% renewable electricity to extract graphite, an EU defined critical material, and refine it into coated anode for Li-ion batteries.
The partial loan guarantee will support a utility-scale deployment of proven and scalable parabolic trough solar thermal technology that has been used commercially for more than two decades. Power from the project will be sold to Pacific Gas and Electric Company.
million financing round led by current investor Braemar Energy Ventures. The company projects it can produce its sucrose at a cost of less than $.05/lb.—far In terms of unit economics, Proterro projects that at commercial scale-up, a plant operator could deliver an EBITDA of $1.24 Source: Proterro. Click to enlarge.
million, with Catalus Capital serving as the lead investor, along with Amplify Capital and How Women Invest, and others to support commercializing and scaling its technology. The company has also received additional grant financing from the National Science Foundation, the US Department of Energy, and others.
The conversion project, which is expected to commence in April and be completed over a two-year period, is being financed by the natural gas supplier GNC Energia Peru S.A. in cooperation with Caja Metropolitana, a Lima-based bank that provides individual and commercialfinancing for the conversion of vehicles to operate on natural gas.
a provider of solar and battery power systems that enable fully-electric Transport Refrigeration Units (eTRUs) for Class 8 commercial trailers. eNow has pioneered the development of mobile solar battery charging systems to the commercial fleet market since 2011. XL Fleet Corp.
Vehicle scrappage policy to reduce cost of EVs says Nitin Gadkari . The newly launched Voluntary Vehicle Fleet Modernisation Programme or the vehicle scrappage policy will help to reduce the cost of manufacturing electric vehicles in India. It will also help to phase out unfit and polluting vehicles. Vehicle scrappage policy.
Other partners in the investment included Finance Yorkshire’s Seedcorn Fund and Rising Stars Growth Fund II LP. The relationship with Haldor Topsøe provides us with a fast-track route to bring our proprietary materials to market in commercial quantities. —Chris Wright, CEO Faradion Ltd.
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