Universal Hydrogen secures additional $62M in financing to accelerate first test flight of hydrogen-powered regional aircraft to 2022

Green Car Congress

The company anticipates entry into commercial service in 2025 with a certified retrofit conversion kit for existing ATR 72 and De Havilland Canada Dash-8 regional airliners and a green hydrogen fuel services offering.

PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

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a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. The EchoDrive conversion system comprises a 30 kW traction motor; modular Li-ion battery pack built with 2.2 The terms of this note include conversion features at $0.55 Echo Automotive, Inc.,

2013 186
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Trending Sources

Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

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Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. Goldman Sachs, ICBC and Investec acted as joint lead arrangers for the senior debt financing of the plant, raising Term Loan A and Term Loan B debt capital totaling $710 million.

2015 180

Calysta completes $3M Series A financing; biological conversion of methane to fuels and chemicals

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Calysta Energy completed a Series A financing round totaling $3 million. The financing was led by Pangaea Ventures Ltd., Calysta’s BioGTL and BioGTC natural gas conversion technologies use proprietary organisms to economically convert methane into liquid hydrocarbons, the building blocks of higher-value, easily transportable fuels and chemicals.

2013 180

EcoDual partners with VFG to provide financing for dual-fuel natural gas conversions

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EcoDual, LLC, a provider of diesel-to-natural-gas dual-fuel conversion systems for heavy duty diesel powered trucks has partnered with Vision Financial Group (VFG) to provide lease-to-own financing options for fleet owners seeking to convert to natural gas operation. VFG Leasing & Finance serves a broad customer base by providing flexible financing on most types of commercial equipment and software assets.

2012 191

Omnitek Engineering completes $5M placement; financing to facilitate diesel to natural gas truck engine conversion sales

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Omnitek Engineering Corporation, a developer of natural gas engines and diesel-to-natural gas conversion systems, has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 Under the terms of the financing, the company will issue shares of common stock at a price of $2.12

2012 200

Nesscap completes US$1M convertible note financing

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The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. The Note has a maturity date of 1 April 2015; the conversion price is CAD 0.10 Ultracapacitor company Nesscap Energy Inc. has completed a non-brokered private placement of a US $1,000,000 Convertible Note with I2BF Energy. The proceeds will be used for working capital. per common share; the interest rate is 10% per year.

Venchurs CNG aggressively prices 6.2L CNG conversions

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Venchurs Vehicle Systems, a Qualified Vehicle Modifier of CNG conversions for Ford Motor Company, will offer 6.2L F-250 and F-350 CNG conversions (bi-fuel and dedicated) with a 23.5GGE system utilizing the new 3M tank, all priced at $8,350. We have been working with companies like 3M to reduce the overall cost of conversion. Because Venchurs is a QVM, the original Ford warranty stays intact and the conversion can be financed through Ford Credit.

2013 232

ClearEdge Power completes $73.5M Series E financing round

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million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes. The financing will be used to further grow customer adoption in key commercial markets, expand internationally and develop and commercialize new products. Stationary fuel cell manufacturer ClearEdge Power has raised $73.5

CO2-to-chemicals company Liquid Light raises $15M Series B financing; process scale-up and application validation

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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. New investors include Sustainable Conversion Ventures, which focuses on renewable fuels and chemicals investments. The financing was completed at a significant increase in company valuation.

2014 186

Amyris secures $42.25M financing, begins Biofene production in Brazil

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million in cash proceeds and the conversion by Total Gas & Power USA, SAS of $5 million from an outstanding senior unsecured convertible promissory note. Renewable chemicals and fuels company Amyris, Inc. has completed a $42.25 million private placement of its common stock. In addition, Amyris announced its purpose-built industrial fermentation facility in Brazil has successfully begun production of Biofene, Amyris’s brand of renewable farnesene.

2012 196

“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

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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. Dr. Hermann Pengg, head of project management e-fuels, Audi, giving a talk on energy conversion and storage using Power-to-Gas at ASPO 2012. Financing Project VGV: the Green Redemption Fund. Private green funds could help finance a global fund.

2013 265

Bio- and jet-fuel carinata feedstock company Agrisoma closes $15.4M Series B financing

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Agrisoma Biosciences, an agricultural company that has commercialized carinata, a non-food oilseed crop designed for sustainable production of biofuels, has closed a $15.4-million Series B financing round, co-led by new investor Groupe Lune Rouge and current investors Cycle Capital Management, and BDC Venture Capital.

2017 150

United and Oxy collaborate with syn-bio company Cemvita to produce SAF from CO2 using microbes

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This includes funding projects such as pilot and demo plants, engineering studies, financing construction and operating SAF plants. Aviation & Aerospace Carbon Capture and Conversion (CCC) Fuels Synthetic Biology

CO2 226

Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

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Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Catalytic Conversion: Cool Planet has developed a number of proprietary catalytic conversion processes to convert these useful hydrocarbon components into different types of fuels.

2014 191

A Conversation

Revenge of the Electric Car

One of my producers, Jessie Deeter, directs for the PBS show Frontline , and we used her guidelines about keeping our integrity about junkets and careful dealings with our subjects and the film was entirely independently financed. Below is an interview with Director Chris Paine and Journalist Robert Steadman with UK-based Blue and Green Tomorrow : ROB: Was it difficult to gain behind the scenes access to the auto industry after the first film? Was there a level of distrust among the execs?

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewables account for approximately 10-15% of the global energy infrastructure investment and according to New Energy Finance renewables have been hit hard by the global recession with a 47% in Q1 2009 vs. Q1 2008 ($13.3 by Bill Cooke.

XL Hybrids, Henley Transmission Services partner to certify AAMCO for hybrid conversion installation, servicing

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developer of a low-cost hybrid electric powertrain designed specifically for class 1-3 commercial fleet use ( earlier post ), has signed an agreement with Henley Transmission Services, LLC, the largest franchise holder of AAMCO automotive service centers, to certify AAMCO technicians to install and service XL Hybrids’ hybrid-electric conversions. XL Hybrids, Inc.,

2012 249

Lishen and ZAP in strategic alliance; funding for several thousand EV conversions in US

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ZAP, and electric vehicle company based in California, has entered into a strategic alliance with Tianjin Battery Company Ltd ( Lishen ), through which Lishen will provide financing for several thousand full vehicle EV conversions of US fleet vehicles using Lishen’s latest Li-ion battery technology and ZAP’s proprietary patented Vehicle Control Unit (VCU). ZAP plans to utilize this financing alliance to pursue other volume fleet opportunities in the Americas and SE Asia.

2014 191

Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

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Cash for Conversions” will start by fixing many of our 100 million trucks, vans, and buses. When they’re mass-produced, conversions will cost under $10-$15,000. Retrofitters can partner with energy service companies to finance those costs, backed by federal loan guarantees. After our one-year test, in summer 2011, we’ll be ready to create a powerful new US conversion industry. Tags: Conversions Perspective Plug-ins Perspective by Felix Kramer, Founder, CalCars.

2010 209

USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

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Cool Planet has devised a biomass-to-liquids thermochemical conversion process that simultaneously produces liquid fuels and sequesterable biochar useful as a soil amendment. Catalytic Conversion: The catalysts are selected from the group of dehydration catalysts; aromatization catalysts; and gas-upgrading catalysts to produce different types of renewable fuel. One of the catalytic conversion processes creates the high-octane gasoline blendstock.

2014 254

INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

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INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. This is the first large-scale advanced bioenergy project in the United States to finalize its financing in the latest round under the USDA government program to commercialize biorefinery technology.

2011 167

Lightning eMotors introduces new generation 4 Lightning Electric Transit Class 3 Van; battery-electric and fuel cell electric variants

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Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states. Conversions Electric (Battery) FleetsLightning eMotors has announced a new model of its Class 3 Lightning Electric Transit Van.

2020 351

Panda Power Funds jointly to develop 1,000 MW coal to natural gas conversion project; Marcellus Shale gas

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Panda Power Funds has entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000 megawatt natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. To date, Hummel Station is expected to be one of the largest coal to natural gas conversion projects in the United States. Construction will take approximately 30 months and will commence upon financing and other conditions.

2015 207

Apex Clean Energy ordering 19 electrified F-series pickups from XL Fleet

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Enterprise is a leading full-service provider of fleet management capabilities, including vehicle acquisition, financing, maintenance and more. Conversions Fleets Hybrids Plug-ins

Fleet 217

Surf Air Mobility orders up to 150 Cessna Grand Caravans for fitting with series-hybrid powertrains

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The transactions between Textron Aviation and Surf Air Mobility are subject to certain closing conditions, including the receipt of financing by Surf Air Mobility. Aviation & Aerospace Conversions HybridsSurf Air Mobility Inc.,

Hybrid 206

Omnitek Enters Peruvian Market with $4.5M CNG Conversion Contract

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million compressed natural gas conversion contract. The conversion order is for a fleet of beverage and milk delivery vehicles owned and operated by Lima-based Leche Gloria, S.A. The conversion project, which is expected to commence in April and be completed over a two-year period, is being financed by the natural gas supplier GNC Energia Peru S.A. GNC Energia is also financing the cost of installing refueling stations for Leche Gloria.

2009 150

Praj Industries and Qteros partner to accelerate global commercialization of cellulosic ethanol; Qteros closes Series C financing tranche

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Qteros also announced that it has closed the initial tranche in its Series C financing. The completion of this $22M financing is expected to provide sufficient funding to accelerate its development and commercialization plans. India-based Praj Industries Limited and Qteros, Inc.,

2011 159

AMPLY Power & Logan Bus announce 2-year demo project of charging-as-a service for fleets; 5 electric school buses

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These include: Managing infrastructure upgrades and utility interconnections; Establishing an optimal charging strategy based on drive cycle and duty cycle; Providing debt financing or securing grant funding for reducing capital expenditures; and.

2020 249

Ford and Georgia Tech partner on hydraulic hybrid school bus conversion

Green Car Congress

The Ford Motor Company Fund and the Georgia Institute of Technology are partnering on the US’ first conversion of a traditional school bus to a hydraulic hybrid vehicle that runs on recycled biofuel. Conducted by Georgia Tech, the project is financed by a $50,000 Ford College Community Challenge Grant, one of five given annually for a student-led project that matches university resources with an urgent community need related to sustainability.

2011 174

Lightning Systems receives California ARB Executive Order for the Transit Bus Repower powertrain

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The Transit Bus Repower is a full-featured powertrain conversion of an existing diesel transit bus to a battery-electric bus. It is half the cost of buying a new electric bus, and with leasing and financing options available, many Transit fleets will find that the Lightning Transit Bus Repower is cash-neutral—meaning the monthly finance payments are the same price as the fuel and maintenance savings. Conversions Electric (Battery) Heavy-duty

2019 219

NSF to award up to $13M for fundamental work on sustainable production of electricity and transportation fuels

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Current interest areas in sustainable energy technologies are as follows: Biomass Conversion, Biofuels & Bioenergy. Batteries Biomass Financing Fuels Power Generation The US National Science Foundation (NSF) has issued a grants opportunity notice ( PD-14-7644 ) for up to about $13 million in awards to fundamental research and education that will enable innovative processes for the sustainable production of electricity and transportation fuels.

2013 200

Clean Energy to Acquire BAF Technologies, Natural Gas Vehicle Technology and Conversion Company

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the leading provider of natural gas vehicle systems and conversions in the United States. million of BAF’s outstanding debt is held by Clean Energy Finance, a wholly owned Clean Energy subsidiary, Clean Energy anticipates paying a net amount of approximately $4.5 Additionally, the recent action by the Texas legislature mandating the conversion of 13,500 fleet vehicles to alternative fuels with lowest fuel cost is another indicator of the potential increased demand for NGVs.

2009 172

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

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51-year-old Energy Conversion Devices, 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. a pioneer in materials science and renewable energy technologies, today voluntarily filed a petition for relief under Chapter 11 in the US Bankruptcy Court for the Eastern District of Michigan.

2012 180

ClearFuels Adds BNP Paribas to Commercial Development Team for BTL Diesel and Jet Fuel Biorefineries

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has executed a letter of engagement with BNP Paribas to act as financial advisor to assist and support ClearFuels in securing senior secured debt financing for its commercial thermochemical Biomass-to-Liquids (BTL) biorefinery projects. The agreement calls for BNP Paribas to assist and support ClearFuels with the analytical work and due diligence regarding ultimate debt financing for ClearFuels’ commercial projects. ClearFuels Technology Inc.

2010 174

Lightning Systems accepting orders for LightningElectric battery-electric upfit for Ford Transit; price and specs

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The LightningElectric battery conversion package is available for Ford Transit as part of Ford Motor Company’s eQVM program. Conversions and service are performed by Ford QVM-certified upfitters and dealers around the world. In the United States, the electric-vehicle conversion costs $69,000 for vehicles with an electric range of 50 miles and $89,000 for vehicles with a range of 100 miles. EV Conversion Price $69,000 $89,000. Conversions Electric (Battery

2017 174

Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

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The financing allows Universal Hydrogen to accelerate the development of its hydrogen logistics network and regional aircraft conversion kits, and bolsters the company’s burgeoning commercial activities. Rendering of regional airplane with conversion kit and fuel capsules.

DOE awards $4M to carbon capture and storage projects selected as part of ACT

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million is funded by the ACT consortium; private financing amounts to €1.5M Carbon Capture and Conversion (CCC) Carbon Capture and Storage (CCS The US Department of Energy’s (DOE) Office of Fossil Energy (FE) announced $4 million in federal funding for national laboratories to collaborate with international partners on seven projects out of the 12 that were selected as a part of the Accelerating Carbon Capture and Storage Technologies (ACT) Initiative.

2019 150

Lightning Systems and New Eagle unveil battery-electric upfit system for Ford Transit passenger wagon, van, cutaway, chassis cab models

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Conversions and service are performed by Ford QVM-certified upfitters and dealers around the world. Ford Motor Company’s vehicle warranty covers vehicles with the LightningElectric upfit, and Ford Motor Credit financing is available. Conversions Electric (Battery) Fleets

2017 150

BMW i Ventures announces lead investment in Mangrove Lithium Series A; green lithium refining technology

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BMW i Ventures announced a lead investment in the Series A-1 financing round of Vancouver-based Mangrove Lithium. The platform technology is also being commercialized for the conversion of waste brines to chemicals and desalinated water.

Green 217

DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

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To achieve this first objective, DOE intends to pursue parallel strategies: Advance options for diverse energy resources and conversion devices for power. Leverage increased private sector financing for deployment of “all of the above” energy technologies. DOE also will work with other agencies in addition to state and local governments to use existing authorities to remove barriers to increased financing for clean energy deployment.

2014 191

Global Bioenergies receives €740K from OSEO to create a pre-industrial strain

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Global Bioenergies, an industrial biology company that develops sustainable routes to light olefins, announced a new €740,000 (US$952,000) financing from OSEO , a French SME-funding state agency, to support the creation of an isobutene production strain compatible with industrial pilot testing. This is OSEO’s third financing on the Company’s program aiming at the conversion of renewable resources into isobutene.

2013 186

ADEME awarding €3.1M to Global Bioenergies and IBN-One plant project

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Financing a first of its kind plant, based on an innovative technology is always a challenge. Progress in engineering and forecasted prices for our products now higher than initially anticipated are fueling our optimism regarding the plant’s financing within the new schedule. IBN-One was granted a license on Global Bioenergies’ process and its purpose is to finance, build and operate the first renewable isobutene plant in France. Global Bioenergies will soon be receiving €2.6

2019 191