Green Car Congress

JANUARY 24, 2023

TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.

Fusion 250

Fusion Power Powered Companies 250

Green Car Congress

AUGUST 3, 2014

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.

Financing 244

Financing Energy Companies Carbon 244

Green Car Congress

MARCH 11, 2021

TECO 2030 ASA plans to establish Norway’s first large-scale production of hydrogen-based fuel cells in Narvik in Northern Norway. Through the initiative in Narvik, the company contributes to the Norwegian government’s ambition that Norway should build a complete value chain for the utilization of hydrogen as an energy carrier.

Norway 243

Norway Hydrogen Production Fuel 243

Green Car Congress

MAY 10, 2014

a leading renewable technology, chemical products, and next generation biofuels company, has closed a private debt financing with Whitebox Advisors LLC consisting of a senior secured term loan exchangeable into senior secured convertible debentures. million in convertible debentures within 90 days of closing of the Financing.

Financing 231

Financing Convert Renewable Price 231

Green Car Congress

OCTOBER 30, 2022

POSCO Holdings has moved up the scheduled investment in the second stage of a lithium production operation in Argentina from next year to now, due to increased demand for lithium amid booming investment in the secondary battery sector resulting from the “Inflation Reduction Act ” in the United States. billion (about KRW 1.5

Argentina 150

Argentina Production Financing United States 150

Green Car Congress

OCTOBER 9, 2013

million in Series C financing. The company also announced the formation of a new Industry Advisory Board, and its selection as a semi-finalist in the Securing America’s Future Energy (SAFE) Energy Security Prize. Achates Power, Inc., Earlier post.). director of engine research at Southwest Research Institute and 2002 SAE president.

Financing 236

Financing Industrial Industry Engine 236

Green Car Congress

AUGUST 4, 2022

SK On has secured a total of US$2 billion as its investment resource for its European battery business with the aid of Euler Hermes, a trade credit insurance institution of Germany, Korea Trade Insurance Corporation, and the Export-Import Bank of Korea. The three agencies that took part in the financing are all export credit agencies (ECAs).

Europe 210

Europe Batteries Battery Financing 210

Green Car Congress

NOVEMBER 27, 2021

Cornish Lithium ( earlier post ), a mineral exploration and development company based in Cornwall, UK, secured an investment package of up to £18 million (US$24 million) from TechMet Limited, a leading technology metals investment company. In Cornwall, lithium is contained within mica minerals (zinnwaldite and lepidolite).

Financing 419

Financing Water Li-ion Lithium Ion 419

Green Car Congress

APRIL 22, 2021

million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.

Hydrogen 397

Hydrogen Universal Commercial Building 397

Baua Electric

FEBRUARY 7, 2024

Credit rating agency Moody’s has upgraded South Korean automotive manufacturer Hyundai Motor Company’s corporate rating to A3 with a stable outlook, from a previous rating of Baa1, with a positive outlook.

Corporation 40

Corporation Hyundai India Financing 40

Green Car Congress

NOVEMBER 13, 2019

Xiaomi Corporation, a global leader in the technology and consumer electronics sector, is joining as a strategic investor. Xiaomi Corporation and Xpeng Motors have achieved significant progress through in-depth collaboration in developing technologies connecting smart phones and smart cars. — Lei Jun, CEO of Xiaomi Corporation.

Chinese 199

Chinese Motor Motors Motoring 199

Green Car Congress

FEBRUARY 23, 2023

Battery and advanced materials company Talga Group ( earlier post ), with 100% owned graphite resources in Sweden, has received firm commitments for a placement of new fully paid ordinary Talga shares to raise A$40 million (US$27.3 BurnVoir Corporate Finance acted as financial adviser to the company.

Li-ion 218

Li-ion Sweden Financing Corporation 218

Green Car Congress

MARCH 21, 2022

With this level of cell energy efficiency—well above International Renewable Energy Agency’s (IRENA) 2050 target and significantly better than existing electrolyzer technologies—hydrogen production cost could be well below US$1.50/kg. This leads to inherently bubble-free operation at the electrodes.

Hydrogen 396

Hydrogen Energy Water Renewable 396

Green Car Congress

JUNE 3, 2022

SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In May 2022, the companies began retrofitting the first 45 ton vehicle, which is expected to be ready by the end of 2022.

Emissions 397

Emissions Industrial Industry Vehicles 397

Green Car Congress

AUGUST 5, 2022

Virescent Ventures led the funding round on behalf of the Clean Energy Finance Corporation (CEFC) (Aus), with participation from Kiko Ventures (UK), IP Group Australia, Vestas Ventures (Denmark), Hostplus (Aus) and BlueScope (via its ventures arm BlueScopeX TM) (Aus). million AUD (US$30 million). Hoang, A.L., Tsekouras, G.

Commercial 307

Commercial Australia Hydrogen Denmark 307

Green Car Congress

NOVEMBER 3, 2020

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). In November 2019, the Lodstown Motors acquired the Lordstown Complex, formerly a General Motors Corporation (GM) factory.

Motor 321

Motor Motors Motoring Fleet 321

Green Car Congress

JANUARY 3, 2012

The BASF subsidiary led a $50-million financing round, joined by new and existing investors. In the partnership with Renmatix, BASF is pursuing a new direction while simultaneously underlining its corporate strategy of offering even more sustainable solutions. Earlier post.) —Mike Hamilton, Renmatix CEO.

Financing 231

Financing Companies Renewable Water 231

Green Car Congress

JULY 29, 2014

Exelon Corporation will provide equity financing for 21 megawatts (MW) of Bloom Energy solid oxide fuel cell (SOFC) projects at 75 commercial facilities in California, Connecticut, New Jersey and New York. Exelon Corporation is the US’ leading competitive energy provider, with 2013 revenues of approximately $24.9

Financing 210

Financing District of Columbia Commercial Energy 210

Green Car Congress

MARCH 17, 2020

Toyota Motor Corporation and Toyota Financial Services Corporation launched a cross-Group virtual organization, Toyota Blockchain Lab, in April 2019. In this regard, Toyota Blockchain Lab will expand collaborations more with its various partner companies. and relationship-building with partner companies.

Toyota 286

Toyota Corporation Financing Connect 286

Green Car Congress

DECEMBER 21, 2020

Group14 will leverage this operating capital to scale production to meet the increasing demand for its flagship product SCC55, which affords up to 50% more energy density than conventional graphite for lithium-ion batteries.

Lithium Ion 170

Lithium Ion Li-ion Production Washington 170

Green Car Congress

DECEMBER 7, 2021

Canada-based Sigma Lithium Corporation ( earlier post ) has begun construction on site to build the foundation and infrastructure installation of its greentech dense media separation production plant, at its wholly owned Grota do Cirilo project in Brazil. —Ana Cabral-Gardner, co-CEO and lead commercial officer.

Brazil 150

Brazil Production Financing Canada 150

Green Car Congress

FEBRUARY 14, 2012

On 13 February ECD sold its majority owned subsidiary, Ovonic Battery Company, Inc. OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. Earlier post.) million in outstanding 3% Convertible Senior Notes due 2013.

Corporation 210

Corporation Conversion Companies Sale 210

Green Car Congress

DECEMBER 19, 2011

Agilyx Corporation has secured a new round of Series C funding worth $25 million, led by new investor Keating Capital and joined by existing investors Kleiner Perkins Caulfield & Byers, Saffron Hill Ventures, Waste Management, Total Energy Ventures International, an affiliate of Total S.A., Earlier post.). 10 pounds of plastic.

Waste 210

Waste Financing Companies Oregon 210

Baua Electric

JULY 13, 2023

Corporate executives mentioned it might additionally lift $500 million in the future via present credit score and mortgage guarantees. The corporate confronted delisting from Nasdaq as a result of its accumulation used to be buying and selling beneath $1. However the proportion worth has recovered to related at $1.38

Delaware 52

Delaware Financing Hydrogen Gasoline-Electric 52

Green Car Congress

OCTOBER 8, 2014

SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The $50-million fund is a follow-up to a $65-million fund the companies created in 2013. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US.

Acura 218

Acura Honda Solar Financing 218

Green Car Congress

JANUARY 17, 2012

managing director for Finistere Ventures, have joined the company’s board of directors. This includes an agreement with JETBIO, leader of a multi-stakeholder initiative including Airbus, the Inter-American Development Bank, and TAM Airlines, to deploy Jatropha in Brazil for the production of biojet fuel.

Financing 186

Financing Brazil Low Cost Hybrid 186

Green Car Congress

MARCH 6, 2021

Enabling carbon-neutral electrification is a key priority for Marubeni Corporation. The company has validated its competitive advantage in real-life applications and has shown strong commercial traction. —Masayuki Omoto, COO of Next Generation Business Development Division of Marubeni Corporation. million ($48.5

Market 257

Market Lithium Ion Energy Storage Hydrogen 257

Green Car Congress

SEPTEMBER 18, 2022

Woodside Energy; Japan Oil, Gas and Metals National Corporation (JOGMEC); Marubeni Corporation; Hokuriku Electric Power Company; The Kansai Electric Power Co.; Given existing proven technologies for the production, storage, and transportation of ammonia, it is expected to have early take-up as a lower-emission fuel.

Australia 195

Australia Japan Supplies Emissions 195

Green Car Congress

JANUARY 27, 2023

The US Department of Energy (DOE) will award some $118 million in funding for 17 projects to accelerate the production of sustainable biofuels. Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment.

Production 225

Production Carbon Conversion Mariner 225

Green Car Congress

NOVEMBER 19, 2012

Volvo Car Corporation is now ramping up production of the new Volvo V60 Plug-in Hybrid. 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. The two companies have financed the development project jointly. Earlier post.)

Corporation 236

Corporation Volvo Plug-in 2014 236

Green Car Congress

MARCH 10, 2023

The latest investments were led by Mercuria Energy Group, one of the world's largest privately held energy and commodities companies, with Mercuria and Breakthrough Energy Ventures both making second investments. This latest investment round can accelerate us from pilot to proven product in multiple markets, starting with long-haul trucks.

Engine 150

Engine Financing North America Clean 150

Green Car Congress

APRIL 13, 2016

AD), Toyota Financial Services Corporation (TFS) and Toyota Motor Corporation (TMC) announced that their respective US subsidiaries established the jointly owned telematics car insurance services company Toyota Insurance Management Solutions USA, LLC (TIMS), on 1 April. Aioi Nissay Dowa Insurance Co.,

Toyota 150

Toyota Companies Cars Corporation 150

Green Car Congress

OCTOBER 1, 2012

GaN (Gallium nitride) power conversion company Transphorm Inc. INCJ is a public-private partnership between the Japanese government and 27 major corporations, including Sharp, Sumitomo Electric, Toshiba and General Electric Company, Japan. This brings the total capital raised from all rounds to $104 million.

Commercial 218

Commercial Companies Financing Conversion 218

Green Car Congress

SEPTEMBER 5, 2021

China National Petroleum Corporation (CNPC) recently put its first hydrogen station in Beijing into operation. CNPC) is an integrated international energy company. Jointly built by CNPC and Beiqi Foton Motor Co., Foton), the hydrogen station covers an area of about 1,700 square meters in Changping District.

Hydrogen 300

Hydrogen Asia Russia Africa 300

Green Car Congress

OCTOBER 21, 2021

Along with Allison, FAW Group Corporation of Changchun, Jilin, China, will also participate as a strategic investor in JJE’s IPO, according to the IPO announcement from the Shanghai Stock Exchange. Earlier post.). Earlier post.).

North America 186

North America China Michigan 2008 186

Green Car Congress

JUNE 1, 2011

A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. Darling International Inc.

Financing 186

Financing Renewable Diesel Louisiana 186

Green Car Congress

NOVEMBER 19, 2013

Daimler AG is taking a major step forward in its China strategy with the closing of the company’s 12% investment in long-standing partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group), one of the top automotive companies in China. BMBS); Mercedes-Benz Auto Finance Ltd. million vehicles in 2012.

Chinese 259

Chinese Companies Mercedes Motor 259