Brightmark Energy closes $260M in financing for first US commercial-scale waste-plastics-to-fuel plant; ULSD and naphtha

Green Car Congress

Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana. The financing for “Brightmark Energy Ashley Indiana” includes $185 million in Indiana green bonds, which were underwritten by Goldman Sachs & Co.

2019 225

CO2-to-chemicals company Liquid Light raises $15M Series B financing; process scale-up and application validation

Green Car Congress

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. Liquid Light’s core technology is centered on low-energy catalytic electrochemistry to convert CO 2 to multi-carbon chemicals, combined with hydrogenation and purification operations.

2014 191

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DOE issues Request for Information on financing strategies for light-duty H2 fueling infrastructure

Green Car Congress

The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. The purpose of this RFI is to solicit feedback from the financial/investment/business community and light-duty vehicle (LDV) hydrogen transportation stakeholders.

2013 225

PACCAR and Aurora partner to develop and commercialize autonomous Peterbilt and Kenworth trucks

Green Car Congress

PACCAR and Aurora have signed a global, strategic agreement to develop, test and commercialize autonomous Peterbilt and Kenworth trucks.

“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

Green Car Congress

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. Private green funds could help finance a global fund.

2013 269

Novatek and Total green-light $27-billion Arctic Yamal LNG project

Green Car Congress

billion have already been financed by the shareholders. Start of commissioning works at the first liquefaction train is scheduled for 2016 with the planned commercial launch of the first LNG train in 2017. Novatek and Total have approved a final investment decision (FID) for the Yamal LNG project in Russia, consisting of the development of the South-Tambeyskoye gas condensate field and the construction of a natural gas liquefaction plant on the Yamal Peninsula in Western Siberia.

2013 229

Ford and Sollers form new JV in Russia; letter of intent for $1.4B in long term financing

Green Car Congress

Ford and Sollers also signed a Letter of Intent with Vnesheconombank (VEB), the Russian development bank, for long-term financing for Ford Sollers of 39 billion Russian roubles, or approximately $1.4 The new joint venture also announced the Ford Transit medium commercial vehicle will be among several new Ford products to be built by Ford Sollers. Ford Motor Company and Sollers OJSC have signed agreements to establish a 50-50-owned joint venture in Russia.

2011 179

GM Ventures invests in nano-structured steel alloys company NanoSteel; potential for light-weighting

Green Car Congress

GM Ventures joined lead shareholders EnerTech Capital and Fairhaven Capital Partners and five existing investors to complete the Series C financing round. The NanoSteel design is an alternative to other light-weighting materials which may cost more, require new investment in parts production and have performance limitations. Over the next several years, light-weighting of vehicles will be a major focus area to improve fuel economy.

2012 200

Daimler to invest around $457M in the commercial vehicle plants in Brazil over next two years

Green Car Congress

Daimler Trucks plans to invest around one billion Brazilian real ($US457 million) in the commercial vehicle plants of Mercedes-Benz do Brasil in the next two years. The financing will be placed mainly in research and development of new products and innovative technologies, as well as in process optimizations and modernization of the two production plants São Bernardo do Campo (Federal State São Paulo) and Juiz de Fora (Federal State Minas Gerais).

2013 185

DOE to award up to $2.5M to deploy fuel-cell-powered baggage tow tractors at commercial airports

Green Car Congress

million this year to demonstrate and to deploy fuel-cell-electric baggage tow tractors (BTT) at major US commercial airports. The target market is commercial airports and air freight distribution centers used by passenger airlines and air freight industries. After DOE catalyzed these early fuel cell applications, private financing has been used to deploy thousands of forklifts and back-up power devices, the department noted.

2012 200

Westport Acquires OMVL of Italy and 100% of Juniper Engines for 19M; Launching a Light-Duty Automotive Strategy for Alternative Fuel Engines

Green Car Congress

The integration of OMVL will complete Juniper’s light-duty strategy to enter the mobile industrial, non-mobile industrial, and automotive segments. Strategic investments in new markets and OEM-class products and capabilities will allow Juniper to compete for leadership in the light-duty alternative fuels market, Westport says. million is being financed through a combination of proceeds from cash generated from the recent warrant exercise and general operating funds.

2010 184

DOE to Fund Up to $240M for Class 8 Supertruck and Advanced Technology Light-Duty Powertrains

Green Car Congress

Projects under this funding opportunity ( DE-FOA-0000079 ) will be financed, in whole or in part, with funds appropriated by the American Recovery and Reinvestment Act of 2009. The systems developed shall be validated as cost effective via a business case analysis and will be reviewed for commercialization potential in later project phases as part of the phase gate review process. This engine must be capable of meeting 2010 emission standards, and be commercially viable.

2009 150

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

Green Car Congress

Levelized cost of driving (LCOD) across powertrains for light-duty SUV, MY 2025. Other findings of note include: Cars depreciate faster than light trucks.

Renault outlines initial HYVIA hydrogen fuel cell vehicle and infrastructure offerings

Green Car Congress

HYVIA will offer a wide range of fuel cell-powered light commercial vehicles by the end of 2021: Master Van H2-TECH —a large van for transporting goods and packages, with 12 m 3 of cargo volume and a range of up to 500 km.

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

Green Car Congress

Among the many findings was that the estimated scheduled maintenance cost for a light-duty battery-electric vehicle (BEV) totals 6.1 LCOD across powertrains for light-duty SUV, MY2025.

Apex Clean Energy ordering 19 electrified F-series pickups from XL Fleet

Green Car Congress

In the past decade, Apex has commercialized $9 billion worth of wind and solar projects representing nearly 7 GW of clean energy opportunity. Enterprise is a leading full-service provider of fleet management capabilities, including vehicle acquisition, financing, maintenance and more.

Fleet 222

XL Fleet and eNow partner to electrify refrigerated trailers

Green Car Congress

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.

Fleet 232

Syzygy Plasmonics raises $23M Series B to electrify chemical manufacturing; photocatalytic reactor for hydrogen production

Green Car Congress

Syzygy Plasmonics, a technology company developing a high-performance photocatalyst for the industrial gas, chemical and energy industries, announced a $23-million Series B financing led by Horizons Ventures with participation from new global investors including Equinor Ventures.

2019 Keeling Curve Prize winners include Opus 12; conversion of CO2 into fuels and chemicals

Green Car Congress

It’s a capital-light solution that takes advantage of technology that has been commercialized for decades. Finance. African Clean Energy (Lesotho) produces cookstoves that reduce smoke emissions and solar electricity for small electronics and LED lighting. is using pay-as-you-save financing to help transportation companies switch to electric buses. Three Wheels United (Bangalore, India) is using finance and technology to decarbonize the auto rickshaw market.

2019 184

Soteria BIG licenses ORNL Li-ion battery safety technology

Green Car Congress

Soteria Battery Innovation Group Inc is an advanced technology development and licensing company that has formed a consortium to promote a light, safe and cost-effective architecture for lithium-ion batteries.

2020 250

LiDAR Start-Up Blickfeld closes Series A with participation of Continental and Wachstumsfonds Bayern

Green Car Congress

Munich-based LiDAR start-up Blickfeld has completed its Series A financing round. Blickfeld develops and produces LiDAR (Light Detection and Ranging) sensors and software for environmental detection.

2020 209

GM sells 3 million vehicles in China in a single year for the first time

Green Car Congress

Its products range from mini-cars to luxury sedans and from mini-commercial vehicles to light-duty trucks. Its Shanghai OnStar joint venture is the leading provider of safety, maintenance and telematics services in China, while its GMAC-SAIC joint venture is the automotive financing leader. General Motors and its joint ventures reported selling their 3 millionth vehicle in China in 2013.

2013 199

BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

Commercial EV investment declined from $12 billion in 2016 to $4 billion in 2020. The market is shifting from long-haul heavy-duty commercial vehicles towards cheaper medium- and light-duty commercial vehicles for regional and local deliveries of consumer goods.

2020 222

ALTe Powertrain Technologies pledges Clinton Global Initiative “Commitment to Action” to facilitate electrification of fleets

Green Car Congress

ALTe Powertrain Technologies, developer of a range-extended plug-in electric hybrid powertrain for light commercial fleet vehicle applications, has created a Commitment to Action to spur adoption of hybrid electric technology in the worldwide fleet industry as part of the Clinton Global Initiative America (CGI America) meeting.

2012 204

Global Bioenergies and Cristal Union form JV to produce renewable isobutene

Green Car Congress

Global Bioenergies, a developer of one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, and Cristal Union, the 4 th largest European beet producer, have formed IBN-One, a joint venture to build and operate the first plant in France converting renewable resources into isobutene. Global Bioenergies has engineered an initial series of bacterial strains that can produce light olefins via the fermentation of sugars.

2015 191

SAIC showcases battery-electric Maxus EV80 van range at IAA

Green Car Congress

Maxus is presenting a range of zero emission EV80 battery electric vans at the 67 th IAA Commercial Vehicles show in Hannover. The light commercial vehicle manufacturer, a subsidiary of China’s largest vehicle manufacturer SAIC Motor, is also announcing LeasePlan as its exclusive partner in Europe, as it prepares for its full brand launch in 2019. With the introduction of the Maxus light commercial vehicle brand, SAIC Mobility Europe starts its European activities.

2018 199

Volkswagen to spend ~€44B on e-mobility, autonomous driving, new mobility services and digitalization through 2023

Green Car Congress

The Volkswagen Group is working consistently on improving earnings at all brands and companies in order to finance the enormous challenges of the future from its own resources. The joint development and manufacture of a range of light commercial vehicles is at the core of the envisaged cooperation. Ford and Volkswagen will nevertheless remain competitors, as the proposed cooperation does in no way concern commercial, marketing or pricing strategies.

2018 236

CalSEED awards $4.2M to early-stage clean energy innovations

Green Car Congress

million: ALD Technical Solutions is developing light-weight, easy-to-install, long-lasting, and cost-effective structural composite reinforcement system which will be installed and cured-in-place around existing Aluminum Conductor Steel Reinforced transmission lines to increase power capacity and power efficiency, and also decrease sag. It can be used at commercial and community (microgrid) scale and will consist of insulated shipping containers, filled with inexpensive basalt sand.

2020 290

CARB approves $363M plan that includes putting more clean vehicles in disadvantaged communities; low-carbon transportation, ZEVs, scrap-and-replace pilot

Green Car Congress

Key highlights of the revised plan include: $133 million to the Clean Vehicle Rebate Project (CVRP), which offers up to $5,000 in vehicle rebates for the purchase or lease of new, eligible zero-emission and plug-in hybrid vehicles; $80 million to light-duty vehicle pilot projects, including $60 million for air district-administered retire-and-replace pilot projects (double the amount called for in the original funding plan); and.

2016 221

Proterra beefs up its battery expertise: Q&A CTO Dustin Grace


The Proterra Energy division offers a turnkey electrification solution for fleets, including financing, charging infrastructure and maintenance. We’ve got to make all the interconnections in a heavy-duty spirit rather than a light-duty spirit. There’s a financing element as well.

2020 101

In-wheel electric drive company Protean Electric raises $40M; JV with Weifu

Green Car Congress

The Series E financing proceeds will support Protean’s on-going business activities and help to establish a global licensing model covering all key markets. Using a scalable and patented sub-motor architecture, the current Pd18 product, designed to fit inside an 18" wheel rim, provides the power and torque required to propel hybrid and electric vehicles from C-segment all the way to light commercial categories.

2018 163

SoftBank Group to acquire 9.9% of Nemaska Lithium

Green Car Congress

The Softbank investment proceeds will therefore be an important component of the equity portion of the project financing as Nemaska continues to work on various complementary financing alternatives, including a USD 300-350 million debt financing and a USD 150-million streaming facility. Spodumene crystals are light-green and can reach 30 cm in size. This site will host both phase 1 and the commercial phase plants and has been selected for its excellent infrastructure.

2018 163

The Real Story of Pixar

Cars That Think

Then we figured out how to move those objects, shade them, and light them before rendering them as frames of a movie. And our calculations convinced us that neither a software company nor a digital-effects-and-commercials house would produce revenues enough to support our group of 40 people.

Obama Administration announces actions to sustain and advance nuclear energy in US

Green Car Congress

The announcements on Friday included: Launching the Gateway for Accelerated Innovation in Nuclear: DOE is establishing the Gateway for Accelerated Innovation in Nuclear (GAIN) to provide the nuclear energy community with access to the technical, regulatory, and financial support necessary to move new or advanced nuclear reactor designs toward commercialization while ensuring the continued safe, reliable, and economic operation of the existing nuclear fleet.

2015 305

Global geothermal industry passes 12,000 MW operational

Green Car Congress

Financing was announced for projects in Costa Rica, Dominica, Djibouti, Ethiopia, Indonesia, Japan, Kenya, Mexico, Tanzania, and the United States, while projects in drilling and start-of-construction phases made headway in Chile, Germany, Guatemala, Italy, Japan, Montserrat, The Philippines, Rwanda, and Zambia. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

2013 256

Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Dayton Power & Light Company. Florida Power and Light Company. Hawai`i Electric Light. Indianapolis Power & Light Company. Kansas City Power & Light. Charging infrastructure financing: Unlocking Up $4.5 The partnership will address these questions to provide the necessary information for the basis of a dialogue with stakeholders to help define public-private partnerships, funding, and financing models for implementing a national fast charging network.

2016 238

Cellulosic fuels company KiOR reveals “substantial doubts” about its viability; funding needed by 1 April

Green Car Congress

Other than that commitment, however, Kior said it has no other near-term sources of financing. in two weeks—it will not have adequate liquidity to fund operations and meet obligations (including debt payment obligations), and would not expect other sources of financing to be available. In addition, any new financing will require the consent of our existing debt holders and may require the restructuring of our existing debt.

2014 196

Volvo Car Corporation ramps up assembly of V60 diesel plug-in hybrid; up to 6K units for MY 2014

Green Car Congress

The assembly of the first commercial light-duty diesel plug-in hybrid has been successfully integrated on the same line as the company’s other models at the Torslanda plant in Gothenburg. The two companies have financed the development project jointly. Volvo Car Corporation is now ramping up production of the new Volvo V60 Plug-in Hybrid. Earlier post.) After the initial batch of 1,000 model year 2013 cars, production will increase to 4,000-6,000 cars as of model year 2014.

2012 204

Protean Electric raises $70M to accelerate adoption of in-wheel drive systems for electrified vehicles in China

Green Car Congress

Existing investors Oak Investment Partners and GSR Ventures co-invested in Protean’s equity financing round. The investment follows Protean’s announcement in May that it is setting up a manufacturing site in Tianjin, China to commercialize its model PD18 in-wheel motor in order to meet customer demand. Protean Electric, developer and manufacturer of in-wheel electric drive systems, has raised $70 million in new funding from GO Scale Capital, Zhejiang VIE Science & Technology Co.

2016 183

Global Bioenergies secures a €5.7M grant to proceed with its second industrial pilot in Germany

Green Car Congress

The pre-commercial pilot is designed for an isobutene production capacity of up to 100 tons per year. Global Bioenergies is a pioneer in the development of one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, the key building blocks of the petrochemical industry. The pilot plant in Leuna will combine two 5,000 liter fermenters and a complete purification system, mimicking all aspects of a commercial scale plant.

2013 196

Electric vehicles sales & charging stations need in India

Electric Vehicles India

The light commercial vehicles are expected to grow from 1% today to 60% of their market over the same time period and medium and heavy commercial vehicles to just over 30%, from almost zero now. Ensure finance availability, particularly for commercial EVs.

India 56

Chronocam raises $15M in Series B; high-performance bio-inspired vision technology for autos and other machines

Green Car Congress

France-based Chronocam SA, a developer of biologically-inspired vision sensors and computer vision solutions for automotive, IoT and other applications requiring vision processing, raised $15 million in Series B financing. Chronocam will use the investment to accelerate product development and commercialize its computer vision sensing and processing technology. Pixels sample fast if the light input changes fast and stop sampling if the input does not change.

2016 210

Tenneco acquires Federal-Mogul for $5.4B; to create two independent, public companies

Green Car Congress

Tenneco expects that the new company, with its global scale, will drive content growth due to the demand for improved engine performance, tightening emissions regulations, light vehicle hybridization and expanded market opportunities with commercial truck and off-highway customers. Tenneco has put in place committed debt financing to fund the transaction, which will replace Tenneco’s existing senior credit facilities and certain senior facilities at Federal-Mogul.

2018 170