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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

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The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).

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

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FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The terms of the equity transaction include a warrant giving NRG the right to purchase an additional 2.0 per annum for construction-period financing and 8.0%

Financing 244
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DOE labs study on costs and benefits of new transportation technologies the most comprehensive to date

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The report covers light-duty passenger vehicles as well as medium-/heavy-duty commercial vehicles: semi-tractors; medium-duty vans and pickups; transit buses; box, utility aerial and dump trucks; and garbage trucks. The study finds, for example, that battery electric vehicles have maintenance costs 40% lower than ICE vehicles.

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Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

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million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. overseeing all powertrain technologies, as well as the 2014 Society of Automotive Engineers (SAE International) presidential nominee.

Financing 236
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Renault outlines initial HYVIA hydrogen fuel cell vehicle and infrastructure offerings

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The joint venture is equally owned by the two partners and is chaired by David Holderbach, with more than 20 years of experience in strategic, product and international sales at the Renault Group. A range of financing options and maintenance services will also be offered. Earlier post.) HYVIA is located in France at four locations.

Hydrogen 418
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The Metals Company and Low Carbon Royalties form strategic partnership

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to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc.

Carbon 352
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Octillion Power Systems debuts new EV battery-leasing plan

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Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. Access to the program will be on a first-come, first-served basis.

Power 307