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Tesoro to acquire renewable fuels company Virent
Green Car Congress
SEPTEMBER 7, 2016
Renewable fuels and chemicals company Virent and petroleum refiner and marketer Tesoro have reached an agreement for Tesoro to become Virent’s new strategic owner.
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HD REV powertrain company Wrightspeed gearing up for commercialization push
Green Car Congress
OCTOBER 13, 2016
The company recently showcased its powertrain technology alongside Mack Trucks at Waste Expo 2016 in Las Vegas and signed a $30+ million deal with NZ Bus, signaling multinational and multimodal demand for the company’s powertrain technology. Wrightspeed Inc.,
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Navigant Research ranks EV charging network companies
Green Car Congress
NOVEMBER 14, 2016
In a new Leaderboard Report , Navigant Research assesses the business strategy and execution of 12 companies offering public charging networks and EV charging services. Companies in the commercial charging space will face a transitional market over the next few years.
Toyota Tsusho strategic equity investor in bio-BTX company Anellotech
Green Car Congress
JULY 11, 2016
Catalytic pyrolysis company Anellotech, which focuses on producing cost-competitive BTX (benzene, toluene and xylene) from non-food biomass, revealed Toyota Tsusho Corporation as a multinational strategic equity investor and corporate partner in the renewable aromatic chemicals supply chain.
Cellulosic sugars company Renmatix raises $14M from Bill Gates, Total
Green Car Congress
SEPTEMBER 16, 2016
Cellulosic sugars company Renmatix has raised $14 million. The investment, intended to support the commercializing of the company’s Plantrose process, was led by Bill Gates. From this well established foundation in industrial sugars, the company continues to expand its product portfolio by valorizing additional bio building block intermediates, including Omno polymers and crystalline cellulose.
Battery maker A123 quietly became a half-billion-dollar company
Green Car Reports
MAY 30, 2017
Ten years ago, lithium-ion cell maker A123 Systems was a hot startup and a much-publicized company. This author, in fact, profiled the company for IEEE Spectrum in the technology magazine's September 2007 issue. The six years that followed proved enormously painful for the Massachusetts company, however. DON'T MISS: A123 Systems To Recall. China Batteries lithium-ion battery pack A123 Systems Fisker Automotive Wanxiang Karma Revero
Alstom invests €14M in electric autonomous shuttle company EasyMile
Green Car Congress
JANUARY 24, 2017
The funds provided by Alstom will be used to accelerate the company growth and support the R&D program. Rail transport giant Alstom is investing €14 million (US$15 million), and thus taking a minority stake, in EasyMile, a start-up developing the EZ10 electric driverless shuttle.
Havelaar Bison all-electric utility truck announced by Canadian company
Green Car Reports
MAY 31, 2017
Canadian company Havelaar is the most recent to try its hand at an electric vehicle; like a few other companies, it's proposing a purpose-built electric truck. The electric-vehicle market remains in infancy, but non-traditional automakers are beginning to explore and tap the potential market for multiple types of vehicles powered by batteries.
Solid-state LiDAR company Quanergy raises $90M in Series B; valuation passes $1B
Green Car Congress
AUGUST 23, 2016
This investment brings the company’s total funds raised to approximately $150 million. Since launching in 2012, Quanergy has been the only company to develop a compact, low-cost, automotive-grade solid-state LiDAR sensor. Quanergy Systems, Inc.,
China R&D company introduces micro-turbine range extender technology at Geneva
Green Car Congress
MARCH 1, 2016
Techrules, a new China-based automotive R&D company, made its global debut at the 2016 Geneva International Motor Show with the unveiling of a Turbine-Recharging Electric Vehicle (TREV) series hybrid system applied in a 6-motor, all-wheel drive supercar concept.
Graphene ultracapacitor company Skeleton Technologies secures €4M from KIC InnoEnergy; targeting 20 Wh/kg by 2020
Green Car Congress
JANUARY 28, 2016
European ultracapacitor manufacturer Skeleton Technologies received a €4-million (US$4.4-million) investment from KIC InnoEnergy, an investment company dedicated to promoting sustainable innovation and entrepreneurship in Europe’s energy industry.
Panasonic acquires German software company OpenSynergy; virtualization for integrated cockpit solutions
Green Car Congress
AUGUST 9, 2016
Panasonic Corporation has acquired all the outstanding shares of the German software company OpenSynergy GmbH, making it a subsidiary. The applications on these guests achieve a performance approaching that of natively executed applications, according to the company.
Finnish electric powertrain company Visedo raises €20M to support global expansion; SRPM technology
Green Car Congress
DECEMBER 22, 2016
Visedo’s head office is located in Lappeenranta, Finland, and the company has a subsidiary in the Netherlands. Compared to conventional technologies, such as induction machines (IM) or standard permanent magnet motors (PM), Visedo SRPM motors offer smaller dimensions, lighter weight and higher efficiency, the company says.
Chinese investors make 'long bets' on electric-car companies
Green Car Reports
MARCH 21, 2016
companies. The Chinese government offers generous incentives for new electric cars, and is pushing companies to develop and sell more of them. electric-vehicle companies than they. China's aggressive promotion of electric cars is turning into boon for a few U.S. That level of enthusiasm is leading Chinese investors to show more interest in U.S. China plug-in cars Smith Electric Vehicles Wheego Electric Cars Investment
Chemical company INEOS to build “uncompromising” 4 x 4 off-roader to replace Land Rover Defender
Green Car Congress
FEBRUARY 17, 2017
Following the completion of a six-month feasibility study, global chemical company INEOS confirmed that it will go ahead and build a brand new “uncompromising” 4 x 4 off-roader. The company expects to spend many hundreds of millions on the project and is determined that the vehicle will not only fill a gap in the market vacated by the Defender but also provide a step change improvement in build quality and reliability.
Which oil companies invest in renewables, electric-car services?
Green Car Reports
FEBRUARY 6, 2017
So what are oil companies doing to prepare for that possible outcome? If electric cars are adopted by mass-market buyers in years to come, that will lead over time to notably lower oil consumption. Some continue to doubt whether electric cars will constitute a serious threat to their business in the coming decades—but others are branching. Europe oil plug-in cars Shell renewable energy fossil fuels
UK companies in $2.5M project to develop marine magnetically geared propulsion motor; potential 10% efficiency gain
Green Car Congress
FEBRUARY 12, 2016
Rolls Royce, magnetic gear company Magnomatics and electric motor company ATB Laurence Scott are partnering in a two-year, £1.7-million (US$2.5-million) project to develop an electric Magnetically Geared Propulsion Motor (MGPM) for marine applications.
13 global companies launch Hydrogen Council in Davos; promoting hydrogen to help meet climate goals
Green Car Congress
JANUARY 17, 2017
Thirteen leading energy, transport and industry companies have launched a global initiative in Davos to voice a united vision and long-term ambition for hydrogen to foster the energy transition.
Volkswagen Group launches standalone mobility services company MOIA; initial focus on ride-hailing
Green Car Congress
DECEMBER 5, 2016
The Volkswagen Group officially launched its new mobility services company MOIA. Even though not everyone will still own a car in future, MOIA can help make everyone a customer of our company in some way or another.”. MOIA is a stand-alone company under the Volkswagen Group umbrella, and will develop and market its own mobility services either independently or in partnership with cities and existing transport systems.
Autonomous vehicle tech company Nauto enters strategic relationships with 3 automakers, including BMW and Toyota, and Allianz
Green Car Congress
OCTOBER 8, 2016
Autonomous vehicle technology company Nauto has entered into strategic agreements with three major auto companies, including BMW i Ventures and Toyota Research Institute, as well as with Allianz Ventures, part of the leading global financial service provider and insurance company Allianz Group.
Daimler managers to drive PHEV company cars
Green Car Congress
FEBRUARY 16, 2016
As policy, Daimler managers will be driving electrified company cars—mainly its plug-in hybrid (PHEV) models. Furthermore, Daimler this year will invest a further €30 million (US$34 million) into extending the company’s own charging infrastructure across many of its sites. The agreement applies to the company’s senior levels of management and focuses on plug-in hybrids.
Desperate coal company CEO slammed Tesla electric cars as 'fraud'
Green Car Reports
NOVEMBER 11, 2016
The debate over U.S. energy policy took a dramatic turn last month when Tesla Motors CEO Elon Musk squared off against the CEO top privately-owned U.S. coal producer Murray Energy. In an interview for the CNBC show "Squawk Box," Robert Murray called Tesla and its electric cars a "fraud." He criticized the automaker for failing to turn a profit. plug-in cars renewable energy fossil fuels
AAA raises Tesla insurance rates 30 percent; company disputes analysis
Green Car Reports
JUNE 5, 2017
It's never a good day to learn one's insurance rates are rising, but AAA has decided the Tesla Model S and Model X warrant 30 percent increases. AAA combed through its own data and found Model S and Model X owners had abnormally high claim rates. The claim rates were also much costlier than competing vehicles in the Model S and Model X's respected. plug-in cars Car insurance
Even oil companies now acknowledge electric cars are coming
Green Car Reports
APRIL 27, 2017
Now, even oil companies are starting to acknowledge that there may be reality in that dream of the future. Advocates have long suggested that electric vehicles will begin to take over daily driving duties, slowly but surely, from the internal-combustion engine. France's Total SA, one of the world's largest oil producers, released its future. emissions sales climate change plug-in cars
Custom Tesla Model X Thanks Company's Veterans, Model S Too
Green Car Reports
NOVEMBER 26, 2015
Seeing a Tesla Model X electric SUV on the roads at all is still a rare occurrence; seeing one in flat black is even rarer. That's because there's only one that looks like the Model X in these photos, snapped at a Supercharger site 10 days ago by our Tesla-owning author George Parrott. After chatting with the two gents in the photo, he learned. Marketing Tesla Motors plug-in cars military Promotions
Death of engines overstated, fully electric world a 'comic book' fantasy: Japanese test company
Green Car Reports
SEPTEMBER 7, 2017
What will become of companies, then, that focus on. Most analysts agree the future of the automobile will slowly but increasingly come to rely on battery power. Electric cars will slowly displace internal combustion engines, many researchers suggest, and peak demand for fossil fuels used in transportation could arrive as soon as the next decade. Diesels emissions Future Cars fossil fuels
French oil company Total agrees to buy battery maker Saft
Green Car Reports
MAY 12, 2016
Now French oil and gas company Total has agreed to buy. Energy storage has never been the subject of more research, capital investment, and business interest than it's experiencing in this decade. With lithium-ion cells at the forefront of both electric cars and stationery batteries used to store renewable energy for later use, batteries are hot. Green battery pack energy infrastructure energy storage lithium-ion oil
Lucid looking for savior, perhaps, after Ford declines to buy company
Green Car Reports
JULY 19, 2017
The image of the electric car as the future of passenger vehicles has led to a wealth of start-up companies hoping to cash in on the newest type of automotive propulsion. Starting a company—an automobile company at that—is not an easy task, however. Now Lucid Motors (nee Atieva) may be on the brink of discovering that. A new report. plug-in cars Battery Electric Vehicle (BEV) Atieva Lucid Motors
Peabody, world's largest private coal company, files for bankruptcy
Green Car Reports
APRIL 15, 2016
Peabody Energy—the world's largest private coal company—filed for bankruptcy this week. The company cited a variety of factors, including lower-than-expected demand for coal, and increased production of cheap natural gas obtained through "fracking" in the U.S. Peabody is also saddled with debt from its $5.2 billion of Australian. Carbon Footprint emissions energy policy climate change electric utilities plug-in cars energy air pollution
Brammo Electric Motorcycle Company Bought Out By Polaris
Green Car Reports
JANUARY 21, 2015
The two companies have worked together since 2011, when Polaris invested $28 million in Brammo. There''s a new player in the world of electric motorcycles: Polaris has acquired the electric motorcycle business of Brammo Inc. Since then Brammo has produced and sold its Empulse and Enertia electric motorcycles. ALSO SEE: Brammo Electric Motorcycle
Elon Musk's Hyperloop Concept Becomes A Company
Green Car Reports
NOVEMBER 1, 2013
Hyperloop Transportation Technologies (HTT) is the new company aimed at turning Musk''s pneumatic pod system into rapid-transit reality. Ground may already have been broken for California''s high speed rail network, but Tesla Motors CEO Elon Musk''s competing Hyperloop transport system has moved a step closer to reality. Speaking to Fox News, HTT''s
Is Tesla Motors A Carmaker.Or Really A Grid-Storage Company?
Green Car Reports
APRIL 7, 2014
Many among the Detroit auto media were skeptical of Tesla Motors for years, correctly noting just how hard it is to start a car company and build a genuinely appealing product--electric car or not. But as Tesla continues to sell Model S electric luxury sedans, expanding into Europe and China as well as North America, some of those skeptics seem to
Wireless charging company WiTricity scaling up EV charging capability as well as itself
Green Car Congress
SEPTEMBER 2, 2014
Volkswagen Financial Services AG acquires parking mobile payments company PayByPhone
Green Car Congress
DECEMBER 28, 2016
Volkswagen Financial Services AG, the financial services division of Volkswagen Group, has acquired PayByPhone , a leading parking payment provider. The deal positions Volkswagen Financial Services AG solidly in the mobile payments and parking sectors, while providing the foundation for future PayByPhone growth globally.
Ignore VW Diesels, Make Company Sell Electric Cars: Tesla CEO Musk, 44 Others
Green Car Reports
DECEMBER 18, 2015
Indeed, it may not be practically possible for VW to modify 325,000 of those cars--and it would cost the company less simply to buy them back and scrap them. It will cost a huge sum, likely billions of dollars, to make Volkswagen fix all of the 482,000 TDI diesel vehicles it has admitted use "defeat device" software to ignore emission laws.
Electric cars pose 'resoundingly negative' threat to oil companies: analyst Fitch
Green Car Reports
OCTOBER 26, 2016
It goes without saying that mass adoption of electric cars would lead to a massive decrease in oil consumption over time. So far, though, the oil industry hasn't seemed to give plug-in electric cars much attention. ExxonMobil and OPEC have both predicted that, even by 2040, electric cars will make up less than 10 percent of global new-car sales. oil Batteries plug-in cars renewable energy Investment fossil fuels
Majority of company car drivers knowingly break speed limits
Green Cars News
OCTOBER 5, 2016
RAC research has revealed that 88% of company car drivers admit to speeding on the motorway – a 7% increase on 2015. The findings, part of the RAC. Fleet news RAC Fleet Road Safety
Chrysler Plug-In Hybrid Minivan To Bring Company Full Circle
Green Car Reports
MARCH 24, 2015
We know very little about the plug-in hybrid version that Fiat Chrysler will launch sometime after the new 2017 Chrysler Town & Country minivan is unveiled next year. But while a spate of plug-in hybrid SUVs and crossover utility vehicles is just about to enter the U.S. market, only Chrysler will offer a minivan that plugs in and can run. Green Future Cars Plug-In Hybrids plug-in cars
Smaller, cheaper Toyota Mirai fuel-cell car coming in 2019, company says
Green Car Reports
MAY 9, 2016
To increase the reach of its hybrid cars, Toyota launched the Prius C subcompact in 2012 as a smaller, less expensive alternative to the Prius Liftback that's the linchpin of its lineup. Now, Toyota says it may be planning to do something similar with its Mirai hydrogen fuel-cell vehicle. The 2016 Toyota Mirai was launched last year in Japan. Tokyo Infrastructure hydrogen Future Cars hydrogen fuel cell Olympics
How Oil Companies Fight CA's Clean Energy: Playbook Leaked Accidentally
Green Car Reports
NOVEMBER 28, 2014
When it comes to curtailing carbon emissions, California leads the way. Its policies promoting clean energy and zero-emission vehicles are the most comprehensive of any state, and have strong public support. Of course, there''s one group that''s not very happy about these developments: the oil industry. A leaked Powerpoint deck now circulating among
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