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Longyear LLC, signed a non-binding letter of intent to support the construction of a commercial-scale wood-based cellulosic ethanol biorefinery in Kinross; at the time, construction was projected to begin this year. In January, Valero invested in Mascoma ( earlier post ).
Nissan, Mitsubishi Corporation, Mitsubishi Motors Corporation, PSA Groupe, NUVVE, Frederiksberg Forsyning, Enel, Insero and DTU (Technical University of Denmark) Electrical Engineering (PowerLabDK) are partnering in the Danish project Parker to develop a universal definition for grid integration for electric vehicles. —Prof.
Ford Motor Company confirmed that all substantive commercial terms relating to the potential sale of Volvo Car Corporation have been settled between Ford and Zhejiang Geely Holding Group Company Limited. More details will be made available once the expected definitive sale agreement is signed in the first quarter of 2010.
Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 billion, including assumed debt and net of acquired cash.
announced that, following the finalization of the definitive agreements with Nikola Corporation as per the terms sheet described on 9 May 2023, its subsidiary Iveco S.p.A. Iveco Group N.V.
has entered into a definitive supply agreement with HCS Holding GmbH (HCS) to supply renewable isooctane ( earlier post ) under a five-year offtake agreement. This first phase commences in May 2017 and would continue until completion of Gevo’s first large-scale commercial hydrocarbon plant.
The deal is the largest commercial order to date for Volvo electric trucks, and one of the largest yet for heavy electric trucks worldwide. DFDS has chosen a financing solution provided by Volvo Financial Services. Volvo Trucks received an order for 100 Volvo FM Electric trucks from DFDS, Northern Europe’s?largest
is planning to enter into a global commercial bus partnership with Brazilian commercial bus body manufacturer San Marino Onibus e Implementos Ltda (Neobus) and will invest in the company. Working together, we can bring value to customers with an integrated solution for commercial bus markets in South America and North America.
announced that commercial development work has commenced for the first phase of key design and engineering of next-generation vanadium redox flow-battery systems (VRFB Battery) for marine propulsion applications. VanadiumCorp Resource Inc.
and Bunge Global Innovation LLC, a wholly-owned subsidiary of agribusiness and food company Bunge Limited, along with other Bunge subsidiaries have signed definitive agreements forming a joint venture to build, own and operate a commercial-scale renewable tailored oils production facility adjacent to Bunge’s Moema sugarcane mill in Brazil.
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. Last week, Lightning eMotors and GigCapital3, Inc.,
Customers include the majority of leading finance institutions, contract hire and leasing companies, vehicle retail groups and insurance companies. One of the major issues is that battery replacement costs threaten to render commercial electric vehicles in particular worthless after warranties expire, CAP believes.
Ideanomics signed a definitive agreement to acquire 100% of privately held Wireless Advanced Vehicle Electrification, Inc. Deployed since 2012, WAVE has demonstrated the capability to develop and integrate high-power charging systems into heavy-duty electric vehicles from leading commercial EV manufacturers.
has entered into definitive agreements with a group of investors to issue, on a private placement basis, $500 million in equity securities. The financing was led by a combination of new and existing shareholders. Osum’s Taiga project in the prolific Cold Lake region continues to advance towards commercialization.
NMG) and Panasonic Energy entered into a Framework Agreement establishing the terms of the commercial relationship between the parties to enable the next development steps of NMG’s ore-to-battery-market integrated graphite project in Québec, Canada. Canada-based Nouveau Monde Graphite Inc.
According to the proposed terms of the strategic agreement, if the entire amount of the initial debt financing is provided to A123 and the full amount of the warrants and Convertible Notes are issued and exercised for cash, Wanxiang’s total capital investment in A123 from these agreements would total approximately $450 million.
The issuance of conditional commitment by the DOE was preceded by legal, technical and commercial due diligence by the LPO to evaluate the loan and the project’s potential to meet market demand and commercial and environmental benchmarks.
to support the company’s construction of a commercial-scale manufacturing plant for its proprietary cylindrical solar photovoltaic panels. Solyndra’s photovoltaic systems are designed to provide the lowest installed cost and the highest solar electricity output on commercial, industrial and institutional roof tops. Solyndra modules.
Other than that commitment, however, Kior said it has no other near-term sources of financing. Kior said that if it is unsuccessful in finalizing definitive documentation with Khosla on or before 1 April 2014—i.e., The focus of the commercialization efforts are with respect to our gasoline and diesel. million.
signed a definitive agreement to form a joint venture to manufacture and commercialize carbon fiber and derivatives. Following initial equity investments from the two companies, the JV will finance its growth through cash flow from operations and financial institutions. AKSA Akrilik Kimya Sanayii A.?.
Previous studies have attempted to explain the slow commercialization of cellulosic and algal biofuels qualitatively, however few have presented financial analysis across the sector, the authors observe. Over the last decade, the second-generation biofuels industry has struggled to reach commercialization. —Miller et al.
a diversified innovation and technology holding company today, has entered into a definitive asset purchase agreement with Sunoco LP to acquire and operate its corn ethanol plant and grain malting operation in Fulton, NY. Attis expects to finance the transaction with non-dilutive financing. Attis Industries Inc.,
million) by Sweden’s Strategic Vehicle Research and Innovation Initiative ( FFI ) to develop a biofuel engine intended for heavy commercial vehicles. Its purpose is to jointly finance research, innovation and development activities, with a focus on the fields of climate and environment as well as on safety.
With support from the EIB and InnovFin – EU Finance for Innovators Energy Demonstration Projects facility, the Swedish Energy Agency, and industrial partners, the establishment of Northvolt Labs is a key step towards the launch of Northvolt’s large-scale battery cell factory, with ultimate planned capacity of 32 GWh by 2023.
The transaction is subject to various conditions precedent (CPs), including the execution of definitive agreements and completion of outstanding due diligence to Glencore’s satisfaction. Commitment Fee of 1.5% flat calculated on the total initial prepayment amount, to be deducted from the prepayment on each disbursement.
Under an agreement in principle, subject to completion of definitive agreements, Colorado-based Energy Fuels will process natural monazite sands into an RE Carbonate beginning in March or April 2021 and ship a portion of that production to Neo’s rare earth separations facility in Sillamäe, Estonia (Silmet).
Meanwhile, projects face long lead times to finance, develop and commission. Customer-sited batteries—both residential, and commercial and industrial—are also expected to grow at a steady pace. advancing or delaying the time of electricity dispatch.
The project aims to demonstrate that co-production of high volume commodity fuels and low volume, high value co-products enables profitable biorefineries at commercial scale. million Phase 1 DOE award was made under the program “Project Definition for Pilot- and Demonstration-Scale Manufacturing of Biofuels, Bioproducts, and Biopower”.
Consumers are definitely willing to pay for NOP+. Subscription model is more attractive for commercial or business owner because less capital investment and matching future cash flow. Buy-out model is more attractive for individual consumer because the full cost can be financed at front.
Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. And we want to get up 10 commercial demonstration projects, get those up and running by 2016.
Glencore and Li-Cycle will jointly commence a definitive feasibility study (DFS) for this project within 60 days from this announcement. The project also contemplates competitive long-term financing from Glencore to fund Li-Cycle’s share of the capital investment. The DFS is expected to be completed by mid-2024.
Tenneco, one of the world’s leading designers, manufacturers and distributors of Ride Performance and Clean Air products and technology solutions for diversified markets, signed a definitive agreement to acquire Federal-Mogul, a leading global supplier to OEMs and the aftermarket. Tenneco is acquiring Federal-Mogul from Icahn Enterprises L.P.
The company signed term sheets for debt and project finance with BDMG, the development bank of the Minas Gerais State and a commercial bank. It The closing of these debt transactions is pending the completion of customary due diligence and definitive documentation. —Ana Cabral-Gardner, co-CEO and lead commercial officer.
The investment also marks a strengthening and deepening of the existing industrial and commercial partnership between PSA and DFG, China’s second largest carmaker. 150 million to €250 million, depending on definitive conditions and terms set in the context of the rights issue. billion) capital increase newly approved by PSA’s board.
The acquisition and brine offtake agreement positions Vulcan potentially to expand its Definitive Feasibility Study (DFS) and increase production in response to significant customer demand for sustainable lithium from its Zero Carbon Lithium Project. Vulcan’s target of first commercial production of lithium by 2024 remains unchanged.
To date, conditions relating to the following measures have been addressed: the waiving of the carry account loan; the improved cooperation with EOT; the implementation of measures to monitor OT underground development financing mechanisms and enhance ESG matters; the approval of the Electricity Supply Agreement; and.
Infineon Technologies AG has entered into a definitive agreement to acquire the Wolfspeed Power and RF division of Cree. We believe that Wolfspeed will now be able to more aggressively commercialize its unique silicon carbide and gallium nitride technology as part of Infineon. Reinhard Ploss, CEO of Infineon Technologies AG.
In addition to the capital investment, the companies have entered into an agreement to negotiate and execute a definitive license agreement whereby Aqua Metals will grant Yulho a license to deploy Aqua Metals’ patented AquaRefining technology in South Korea in its own facilities.
The definitive Asset Purchase Agreement with Foxconn, implementing the AIP, was executed earlier this week.”. Lordstown’s future “is dependent on its ability to complete the development of its electric vehicles, obtain regulatory approval, begin commercial-scale production and launch the sale of such vehicles,” the company said.
Creative Greenius talks AB 811 Financing to the Green Task Force / photo (c) Debra Bushweit Galliani. Larry Sutton, the Account Executive from Southern California Edison, did the perfect job teeing up my solar financing presentation by sharing with all of us just how much SCE’s electric rates will be going up this year.
The deal is the largest commercial order to date for Volvo electric trucks , and one of the largest ever for heavy electric trucks worldwide. DFDS has chosen a financing solution provided by Volvo Financial Services. Volvo Trucks receives order for 100 electric semis. largest shipping and logistics company.
The Swedish government helped finance the vast majority of the $10.5-million million project, which Electreon calls a “pre-commercial demonstration project” of the electrified road concept. In the U.S., the first electric road will land near Detroit, where the Michigan Department of Transportation (MDOT) has partnered with Electreon.
It also provides significant incentives for the commercial deployment of 72 GW of carbon capture and sequestration. Also, extends and doubles the credit for vehicles of weight less than 8,500 pounds for commercial fleet vehicles of at least ten cars and purchases of at least three natural gas vehicles. Natural Gas.
The Proterra Energy division offers a turnkey electrification solution for fleets, including financing, charging infrastructure and maintenance. Dustin: Charging infrastructure is often overlooked—it’s definitely the least sexy part of the business, but it’s also one of the most critical. There’s a financing element as well.
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