Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position

Green Car Congress

Nikola Corporation announced that an institutional investor has agreed to make a $200-million investment in Nikola through the purchase of Convertible Senior Notes. Funds advised by Antara Capital LP have agreed to purchase $200 million aggregate amount of 8.00% / 11.00% Convertible Senior Notes due 2026. The Notes will bear interest at a rate of 8.00% if paid in cash, or at a rate of 11.00% through the issuance of additional Notes, at the company’s election.

Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

Green Car Congress

On 13 February ECD sold its majority owned subsidiary, Ovonic Battery Company, Inc. However, current cash is anticipated to be sufficient for expected operations during the Chapter 11 proceeding, and therefore the Company is not expected to require third-party debtor-in-possession financing. ECD has received support for its operating and divestiture plan pursuant to a formal Plan Support Agreement executed by the Company with holders of approximately 70% of the $263.2

2012 190

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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

However, Fisker believes customers may be able to retain eligibility for the full $7,500 credit for the 2022 tax year by converting their existing reservations into a binding sales contract for the purchase of the Fisker Ocean, per the Transition Rule. Fisker is not requesting additional payments from reservation holders but instead converting the existing $250 for the first reservation and $100 for the second reservation deposits to non-refundable orders.

BASF and Heraeus to form JV in China to recover PGMs from spent automotive catalysts

Green Car Congress

The new company, named BASF HERAEUS (China) Metal Resource Co., The founding of the legal entity is targeted in Q1 2022, following the approval of the relevant authorities. Recycling scrap materials, such as spent automotive catalytic converters, to recover PGMs, enable a circular economy. The company is one of the world’s largest refiners of platinum group metals (PGMs) and a leading name in industrial precious metals trading.

China 183

SK Group to invest $1.5B in Plug Power; strategic partnership and JV to accelerate H2 economy in Asia

Green Car Congress

In conjunction with this partnership, the companies have also entered into a definitive agreement for SK Group to make a $1.5-billion strategic investment in Plug Power and are announcing a plan to form a joint venture company in South Korea to support the rapidly growing Asian market. LLC is serving as Financial Advisor and Goodwin Procter LLP is acting as legal advisor to Plug Power. Plug Power Inc.,

Asia 174

FreeWire Technologies raises $125M in Series D; battery-integrated ultrafast EV charging stations

Green Car Congress

The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc. Citigroup served as sole private placement advisor and Wilson Sonsini Goodrich & Rosati served as FreeWire’s legal advisor on the transactions.

Eliminate fuel vehicles in the UK to enlarge the move

Setec Powerr

” Under the huge demand, many companies are also eyeing this business. The British charging pile company Connected Kerb recently stated that it has reached a cooperation agreement with the British government.

Keliber receives mining safety permit for the Syväjärvi lithium mine

Green Car Congress

Keliber is a Finnish mining and battery chemical company that aims to start the sustainable production of battery-grade lithium hydroxide, utilizing its own ore, in 2024. The permit is not yet legally valid. At the chemical plant, the crystal structure of the spodumene concentrate is converted into ?-spodumene

Grant 183

Ford advises dealerships to not apply markups to F-150 Lightning customers


“It has come to our attention that a limited number of dealerships are interacting with customers in a manner that is negatively impacting customer satisfaction and damaging to the Ford Motor Company brand and Dealer Body reputation,” Andrew Frick, VP of Sales for Ford’s U.S.

F-150 114

FCA US reaches settlements on diesel emissions at estimated cost of $800M

Green Car Congress

federal and state authorities FCA maintains its position that the Company did not engage in any deliberate scheme to install defeat devices to cheat emissions tests. In addition, FCA US will pay $19 million to the State of California for emissions mitigation initiatives, while also financing the upgrade of 200,000 high-efficiency catalytic converters through the aftermarket.

2019 258

Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Separately, Ford today also announced a cash tender offer to repurchase up to $5 billion of the company’s higher-cost debt.

Albemarle signs exclusivity agreement with Mineral Resources for 50/50 lithium JV in W. Australia; $1.15B deal

Green Car Congress

The parties would jointly manage the JV, through a company to be owned in equal shares by the parties. The second stage is expected to convert the remaining volume of spodumene concentrate to battery-grade lithium hydroxide (subject to prevailing lithium market conditions at the time supporting this development), at which point the plant is expected to be producing at least 100 ktpa of lithium hydroxide.

2018 207

Velocys wins UK patent case against CompactGTL on smaller scale GTL technology

Green Car Congress

The company also holds a significant inventory of trade-secrets which it has gained through years of development and practice. A judgement hearing has been set for 2 October to deal with issues arising out of this decision, including relief from infringement, damages to Velocys, and reimbursement of Velocys'' legal costs. Velocys plc (VLS.L) announced that the UK High Court has ruled in its favor in the patent infringement case it brought against CompactGTL Ltd.

2014 220

California ARB fines Ford $2.96 million for sales of non-compliant On-Board Diagnostic systems in California

Green Car Congress

The California Air Resources Board announced that Ford Motor Company has agreed to fines totaling $2,960,000 for violations of air quality laws related to the sale of vehicles with non-compliant On-Board Diagnostic (OBD) systems in California. Specifically, these systems were found to not properly monitor the function of several key emissions control systems, including the catalytic converter and fuel system.

2014 195

Europe Expands Virtual Borders To Thwart Migrants

Cars That Think

If it were legal to deliver rescued migrants to Libya, it would be as cheap as sending rescue boats a few extra kilometers south instead of east. Meanwhile, legal scholars and civil-society groups are asking whether a hands-off border can really keep Europe’s hands clean.

Libya 104

Geely acquiring flying car startup Terrafugia

Green Car Congress

Zhejiang Geely Holding Group has entered into an agreement to acquire Terrafugia, a US-based company developing practical flying cars.Terrafugia was founded in 2006 by five MIT graduates; since then, the company has delivered a number of working prototypes. It will run on premium unleaded automotive gasoline, fit in a standard construction single-car garage, and convert between flight and drive modes in less than one minute.

2017 212

Google’s technology campaign for autonomous driving

Green Car Congress

Google is involved because the company has a strong technical legacy and the company likes to take on problems where the “ solutions have a high impact on humanity that involve challenging technical problems ”. This represented more of a future state since although the vehicle was capable of executing the actions to get Steve to and from the taco shop, there are still significant legal issues to be worked out before blind people can routinely drive cars autonomously.

Google 239

Top 7 Best, Classy and Fastest Electric Cars In Today?s World

DIY Electric Car

The Tesla Roadster is a $120,000 convertible that operates with a small but powerful motor. The amazing thing about Rimac is that the company itself started only in 2009. As mentioned earlier, Tesla is the type of company that has been bringing innovation after innovation to the automotive industry. The Tesla Model S is probably the fastest street legal electric car in your mind to make it in our list.

2017 126

How the Graphical User Interface Was Invented

Cars That Think

The Mac’s success during the 1980s spurred Apple Computer to pursue legal action over ownership of many features of the graphical user interface. The company’s rationale is that to attract novices to its computers one button was as simple as it could get.

IDEA 103

US files civil complaint against Volkswagen, Audi and Porsche for alleged Clean Air Act violations

Green Car Congress

So far, recall discussions with the company have not produced an acceptable way forward. A civil complaint does not preclude the government from seeking other legal remedies. Beetle Convertible (2013-2015). The US Department of Justice, on behalf of the US Environmental Protection Agency, has filed a civil complaint in federal court in Detroit, Michigan against Volkswagen AG, Audi AG, Volkswagen Group of America, Inc.,

2016 150

Electric Tractors and Their Potential in Indian Fields

Get Electric Vehicle

The diesel tractor has 35% efficiency when it converts thermal energy into mechanical energy. Punjab-based Sonalika Tractors is the only tractor company in India to have commercially launched an electric tractor in the market. The minister declined to name the company that would debut the electric tractor, adding that launch dates and legalities are still being finalised.

India 40

How Ted Hoff Invented the First Microprocessor

Cars That Think

Hoff had already been contemplating the possibilities of industrial jobs when he received a telephone call from Robert Noyce, who told him he was starting a new company, Intel Corp., then a booming video game company owned by Warner Communications Inc.

“Energiewende” in a tank; Audi e-fuels targeting carbon-neutral driving with synthetic fuels from renewables, H2O and CO2; Swiss policy test case

Green Car Congress

The company currently has a number of projects underway producing or developing—with its different technology partners—e-gas (methane) ( earlier post ); e-ethanol ( earlier post ); two versions of e-diesel from different pathways ( earlier post , earlier post ); and e-benzin (gasoline) ( earlier post ). The Audi e-gas plant can convert 6MW of input power. The process to convert isobutene to isooctane is well-established.

2015 228

The promise of wireless charging: smaller batteries, longer battery life, fewer charging stations


These are the benefits Momentum Dynamics claims to offer, and Charged sat down with Bob Kacergis, Momentum’s Chief Commercial Officer, and John Holland, the company’s Commercial Director for Europe and the Middle East, to hear the details. Charged : Can you give us a brief company history?

Taxi 56

US charges Audi manager with conspiracy to cheat US emissions tests; sacrificing NOx control for a sound system

Green Car Congress

According to CW1 and the documentation, Pamio and his co-conspirators realized they could not calibrate a diesel engine that would meet the stricter NO x emissions standards that would become effective in 2007 while staying within the design constraints imposed by other departments at the company. The initial SCR design required a certain amount of AdBlue be stored onboard the vehicle to reduce NO x emissions to legal limits and reach a 10,000 mile service interval for refilling.

2017 150

CCEMC launches $35M international challenge to find useful applications for carbon

Green Car Congress

Since 2007, Alberta companies that annually produce more than 100,000 tonnes of greenhouse gas emissions over a baseline are legally required to reduce their greenhouse gas intensity by 12%. Companies have three options to meet their reduction target: improve the efficiency of their operations; buy carbon credits in the Alberta-based offset system; or pay $15 into the Climate Change and Emissions Management Fund for every tonne over the reduction limit.

2013 174

Two-way EV Charging – The Future of Electric Vehicle Power


Vehicle-to-grid (V2G) requires an easy way to extract and convert the power from the electric car battery, which is usually direct current (DC), to alternating current (AC), the energy used in the grid. First name * Last name * Company name * Corporate Email *.

Grid 52

Alberta Climate Change and Emissions Management (CCEMC) Corporation Awarding C$37.5 Million in Funding for Renewable Energy Projects from Biofuels to Home Generation

Green Car Congress

Since 2007, Alberta companies that annually produce more than 100,000 tonnes of greenhouse gas emissions are legally required to reduce their greenhouse gas intensity by 12%. Enerkem’s technology converts residual materials, such as non-recyclable municipal solid waste, into transportation fuels and advanced chemicals. The company currently operates a pilot facility and a commercial-scale plant in Quebec.

2010 207

Inventing Postscript, the Tech That Took the Pain out of Printing

Cars That Think

It would have been quite different had Warnock and company not been in the right place at the right time to meet the right person. There it is converted into instructions for the printer by the PostScript interpreter, software resident in ROM. His new company, NeXT Inc.,

Volkswagen launching E-Golf BEV test fleet in the US; partnering with Solazyme and Amyris on renewable diesel fuels

Green Car Congress

Separately, the company announced partnerships with Solazyme and Amyris to evaluate emissions reductions and demonstrate the performance of TDI Clean Diesel technology when powered by advanced biodiesel and renewable diesel fuels. For the US, we also have to recognize the specific legal regulations as well as the different characteristics of the electricity supply: both the reduced 110-volt mains supply and the type of charging plugs.

2012 204

SAE High Octane Fuels Symposium: Is a new high-octane fuel a pragmatic pathway for higher engine efficiency in the US? (part 2)

Green Car Congress

Such a scenario would cause minimal disruption to the ~150,000 US fueling stations and overall distribution system, Szybist suggested, as the majority of fueling stations in the US have 2 underground storage tanks (regular and premium) and the two tanks would be converted to a low-ethanol fuel for the legacy fleet and a high octane fuel for newer vehicles. Integrated oil companies own & operate 0.4%

2013 214

A Small Startup Fights Rare Diseases With Big Data

Cars That Think

Steven Cherry: One of your company's slogans, at least on Twitter and you alluded to this before, is "Build the haystack, find the needle.". And so you have a difficult time converting from all of that rich information in the documents themselves into something that's usable in the RDF.

Chad 84

Norways Statoil to acquire Brigham Exploration for US$4.4B cash; entry into the US Bakken and Three Forks tight oil plays

Green Car Congress

Statoil ASA and Brigham Exploration Company have entered into a merger agreement for Statoil to acquire all of the outstanding shares of Brigham for US$36.5 From drilling and completing long lateral wells with single large uncontrolled fracture stimulations in the late 2006, to drilling long lateral wells with 20 isolated fracture stimulation stages in 2009, the company has most recently completed long lateral wells with up to 38 isolated fracture stimulation stages.

2011 183

Man makes his own electric car

Green Cars News

Roth explained that he checked with his insurance company and the Bureau of Motor Vehicles and found that his converted Escort is legal. The conversion took Roth around ten weeks while the car bought especially to convert cost him a total of $13,000 including the cost of the adaptations. An Indianapolis man has built his own electric car, US television station WRTV reported recently.

2009 37

Audi highlights its range of electrification efforts; Q7 diesel PHEV, A7 fuel cell PHEV, BEV, 48V and more; 750 Wh/l by 2025

Green Car Congress

Under a venture with the motto “From Road to Grid”, Audi is therefore currently working on a concept to convert old batteries into stationary energy stores. A second container houses the connection and control technology: Its power electronics convert the direct current from the batteries into alternating current at a standard voltage of 400 V. The company hopes to launch AWC in 2017. The plate has an integrated primary coil and an inverter (AC/AC converter).

2015 207

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Green Car Congress

California’s original approach to heavy carbon oils resulted in a legal challenge that is still pending; the EU’s adoption of a similar approach has resulted in protracted discussion and negotiation with Canada that has yet to be resolved, either.). Regulated parties are free to employ any combination of strategies that suits their particular circumstances and perspectives—including the purchase of credits from other companies.

2012 215

BMW shows future drive technoliges; 2 Series PHEV prototype, direct water injection in 3-cyl. engine, and fuel cell eDrive

Green Car Congress

The company also showcased the use of direct water injection to enhance the efficiency of combustion engines at higher performance levels while also significantly reducing fuel consumption and emissions in key driving cycles. However, the company said, prices at launch will be in the range of existing engine variants with comparable power outputs—just as they are for the electrified versions of the BMW X5 and BMW 3 Series.

2015 195

How to Get a Plug-In Hybrid

Tony Karrer Delicious EVdriven

At that point, we expect the aftermarket companies prices to have come down sufficiently so that their conversions will be attractive to owners of hundreds of thousands of hybrids already on the road. We have sponsored the EAA-PHEV project and our Open-Source designs are being used by some of the private companies as well as technically advanced individuals. Drivers of converted cars have received high levels of cooperation from dealer service departments so far.

2009 36

Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

The 2010 cellulosic fuel level is significantly less than the 100 million gallons set forward in EISA for 2010, reflecting current capabilities; however, EPA notes that a number of companies and projects appear to be poised to expand production over the next several years. USDA has proposed a rule for Biomass Crop Assistance Program (BCAP) to convert biomass to bioenergy and bio-based products.

2010 195

Solar Smackdown in Torrance – Installer Sues City on Behalf of the Sun

Creative Greenius

In this exclusive and wide-ranging interview with your Creative Greenius, the outspoken Bradley Bartz of ABC Solar shares the inside story of not only his legal suit against Torrance, but his broader plans to force cities to live up to the state’s California Solar Rights Act, his unique views on the California’s solar rebate program and his red tape experiences in dealing with Southern California Edison. . That’s where my company is headquartered.

2009 190

Audi TechDay e-mobility, Part 2: systems and components

Green Car Congress

It also integrates the DC converter that supplies the 12 V electrical system from the high-voltage system. The on-board charging units convert alternating current into the direct current required by the traction battery. Their weight and their size pose no practical problems, the company said; they can be retrofitted at filling stations and similar infrastructure locations. Audi’s electrohydraulic combination brake (EHCB). Click to enlarge.

2010 190

CalCars and PHEVs Frequently Asked Questions

Tony Karrer Delicious EVdriven

Until then, we also recommend you look at the FAQ at the Climate Progress Blog and the FAQ by Hybrids-Plus , an after-market converter of hybrid cars, for answers to many questions! What do car companies say about PHEVs? PHEV Conversions to top What cars can be converted to PHEVs? Whats the relationship between CalCars and after-market conversion companies? Were non-profit; theyre private companies. When can I convert my Prius?

2009 34