Remove Commercial Remove Cost Remove Financing Remove Grant
article thumbnail

ClearFlame Engine Technologies secures $17M in Series A financing

Green Car Congress

ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.

Financing 318
article thumbnail

Sylvatex developing new lower-cost CAM manufacturing process for Li-ion batteries

Green Car Congress

Advanced materials technology company Sylvatex (SVX) announced a new proprietary waterless production method that delivers premium EV-grade cathode active materials (CAM) at lower costs and that allows for a broader material input supply base to enable demand growth. SVX recently closed a Series A funding of $8.4

Li-ion 259
article thumbnail

Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

Green Car Congress

million in new financing. Niron’s Clean Earth Magnet technology eliminates the need for rare earth content in magnets and uses iron and nitrogen instead to deliver better performance and lower costs. Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3

Minnesota 482
article thumbnail

DOE announces $15.5B package primarily focused on retooling existing factories for EVs

Green Car Congress

This includes making available $2 billion in grants and up to $10 billion in loans to support automotive manufacturing conversion projects that retain high-quality jobs in communities that currently host these manufacturing facilities. The US Department of Energy (DOE) announced a $15.5-billion

article thumbnail

AMPLY Power saves up to 40% on energy costs for Tri Delta Transit electric buses

Green Car Congress

Municipal and commercial fleets are on the front lines of state-wide goals to decarbonize our transportation sector, and they deserve solutions that make the transition both simple and cost-effective. This on-the-go structure makes finding the time to optimize an electric fleet more difficult than one might expect.

Energy 481
article thumbnail

FREYR Battery sanctions construction of its inaugural gigafactory, increases plant capacity to 29 GWh; $1.7B capital cost

Green Car Congress

billion based on visibility from export credit agencies, multilateral development finance institutions and commercial banking partners, exceeding management’s leverage target for the $1.7 In addition, FREYR had $523 million of cash on its balance sheet as of 31 March 2022, and currently has multiple grant applications pending decision.

Norway 150
article thumbnail

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

Green Car Congress

The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). The ARENA round is a $70-million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis.

Hydrogen 286