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

Green Car Congress

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 terms of this note include conversion features at $0.55

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Elon Musk’s new financing efforts on hold amid Twitter deal uncertainties: report

Teslarati

Elon Musk’s efforts to secure new financing that will limit his cash contribution for his planned acquisition of social media platform Twitter has reportedly been put on hold. During an appearance at the All-In Summit , Musk compared his concerns about Twitter’s bots with those faced by buyers who are looking to purchase a house.

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RATP splits ~800 electric bus order between HeuliezBus, Bluebus/Bolloré and Alstom/Alstom Aptis

Green Car Congress

This purchase represents an order potential of nearly 800 buses (of which about 200 are in firm order), financed 100% by île-de-France Mobilités (in direct grant or via the contract île-de-France Mobilités – RATP). The first order of approximately 150 vehicles, distributed over the three lots, will be processed as soon as possible.

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European Lithium signs binding term sheet with Obeikan for hydroxide plant in Saudi Arabia

Green Car Congress

We are pleased to reach this strategic step in partnering with Obeikan that paves the way for significant Opex savings including greatly reduced energy and financing costs, and a much lower taxation rate.

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STEAG and thyssenkrupp planning joint green hydrogen project

Green Car Congress

In the next few years, the company expects the conversion of one blast furnace to result in an annual demand of around 20,000 tonnes of green hydrogen. This demand will increase to some 720,000 tonnes per year by 2050 as a result of the gradual conversion of the plants and equipment.

Hydrogen 482
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Clean Energy to Acquire BAF Technologies, Natural Gas Vehicle Technology and Conversion Company

Green Car Congress

has signed a purchase and sale agreement to acquire BAF Technologies, Inc., the leading provider of natural gas vehicle systems and conversions in the United States. The purchase price payable at the closing of the acquisition of BAF is approximately $8.3 Clean Energy Fuels Corp. Due to the fact that approximately $3.8

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Rio Tinto makes US$10M strategic equity investment in Nano One; strategic partnership on cathode materials

Green Car Congress

Provisions of the investment agreement with Rio Tinto include participation rights in any future equity financings to maintain pro rata ownership interest for a period of five years from the date of closing; a lock up on securities dispositions and a standstill for a period of 12 months from the date of closing, subject to certain exemptions.