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How Corporations Can Help the U.S. Reach its EV Goals

Clean Fleet Report

How Corporations Can Help the U.S. Meanwhile, the electrification of city- and corporate-owned vehicles has been dominating recent headlines. And large corporations like Amazon aren’t the only ones currently converting their fleets from gas to electric. Reach its EV Goals A Look at the Pathway & Companies’ Role U.S.

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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.

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Koch invests $252M in Compass Minerals to support development of lithium brine project in Utah; ESM for DLE

Green Car Congress

Additionally, early conversion testing of Compass Minerals’ brine across a wide range of operating parameters has provided confidence in the scalability of the planned DLE facility to be located at Compass Minerals’ operations in Ogden, Utah. The issuance price represents a 6.2% discount to the closing price and an 8.0%

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

Green Car Congress

51-year-old Energy Conversion Devices, 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. Ovonyx is a joint venture with its co-founder Tyler Lowrey and its shareholders include Intel Corporation.

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LADWP joins HyDeal LA, targets green hydrogen at $1.50/kg by 2030

Green Car Congress

Benefits to the economy include stable pricing, energy diversity, and increased economic development by reducing our need to import fossil fuels. HyDeal LA is modeled after HyDeal Ambition, a similar project in Europe committed to producing and purchasing 3.6 —Martin Adams, General Manager and Chief Engineer at LADWP.

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J.D. Power: types of new LDVs purchased and profile of buyers are changing rapidly; increase in financially less-qualified buyers

Green Car Congress

While sales of new light vehicles in the United States continued at a brisk pace in March 2012, the types of vehicles being purchased, as well as the types of buyers and the average transaction price are rapidly changing, according J.D. Conversely, 4-cylinder engines were fitted in 42.7%

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Tesla to raise about $1.15 with offerings of common stock and convertible senior notes

Green Car Congress

In addition, Tesla has granted the underwriters a 30-day option to purchase up to an additional 15% of each offering. Elon Musk, Tesla’s CEO, will participate by purchasing $25 million of common stock. The interest rate, conversion price and other terms of the notes are to be determined. Goldman, Sachs & Co.,

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