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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.

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

Green Car Congress

The estimated total cost of settlements is $0.8 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. billion, in line with financial charge taken for this purpose in third-quarter, 2018.

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“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. This would help speed up the return on investment in VGV for the development costs of the energy transition. Diagram: Isabelle Plat.

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

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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. Earlier post.).

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How battery leasing enhances adaptability in the EV ecosystem | Autocar Professional

Baua Electric

In the ever-evolving landscape of electric vehicles (EVs), the battery stands as one of the most crucial and expensive components, significantly impacting the overall cost of ownership. With the phasing out of subsidies like the FAME II on March 31, 2024, the cost of EVs is expected to rise, posing a challenge to widespread adoption.

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Ford Smart Mobility shifts from research to implementation; company announces new programs, next areas of focus

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For the past few years, our company has actually been warning that that freedom of mobility is now actually being threatened particularly in light of four megatrends that are affecting the future of transportation. Linking us both as an automotive and a mobility company. —Mark Fields. —Mark Fields.

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Pennsylvania awards $3M+ in 33 incentive grants for alternative fuel vehicles

Green Car Congress

Pennsylvania has awarded more than $3 million in Fuel Incentive Grants (AFIG) to 33 companies, counties and organizations making the switch to compressed natural gas (CNG), liquefied natural gas (LNG), or propane for medium to light-weight fleet vehicles. This year, AFIG grants focused on medium- to light-weight vehicles.