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The estimated total cost of settlements is $0.8 Customer compensation, the estimated future cost of the extended warranty and the cost of environmental mitigation efforts also account for approximately $400 million, bringingbthecestimated total to $800 million. 6 million to Customs and Border Protection.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.
Calysta Energy completed a Series A financing round totaling $3 million. The financing was led by Pangaea Ventures Ltd., Calysta intends to use the Series A investment to advance development of biological routes to high value industrial chemicals and fuels based on methane, an advantaged feedstock from natural gas. Earlier post.).
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.
DOE also announced the “America’s Most Affordable Rooftop Solar” competition to aggressively drive down the cost of rooftop solar energy system as well as $8 million in awards to nine small businesses to lower the cost of financing, permitting, and other “soft costs,” which can amount to nearly half the cost of residential solar systems.
SITA UK, one of the country’s leading recycling and resource management companies and a subsidiary of Suez Environment, has signed an exclusive agreement with Cynar Plc to build Britain’s first fully operational plants to convert end of life plastic into diesel fuel. Agitation evens the temperature and homogenizes the feedstocks.
To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed. In this way, ZES charges only for the cost of consumed renewable energy plus a rental fee for the battery container, so the skipper’s operating costs remain competitive.
We have been working with companies like 3M to reduce the overall cost of conversion. With our new pricing, customers can reduce the amount of time it takes to see a return on their investment and ultimately make converting to CNG a financially viable option. —Jeff Wyatt, CEO of Venchurs.
The US Department of Energy (DOE) announced up to $25 million in funding to reduce the cost of algal biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019. Algae biomass can be converted to advanced biofuels that offer promising alternatives to petroleum-based diesel and jet fuels. Earlier post.).
GE and Better Place have formed a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development; battery financing; joint fleet electrification programs; and consumer awareness. GE’s WattStation.
interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9% For this project with high value creation potential, our partner Tsingshan will provide its industrial expertise and financing capabilities needed for the construction of the plant.
says it plans to act as the project developer for a US-based gas-to-liquids plant that will use ExxonMobil’s proprietary methanol to gasoline (MTG) process to convert methane into gasoline. Our first project must be absolutely ‘bankable’ to obtain the necessary project financing. California-based Carbon Sciences, Inc.
The plant’s output, when converted into battery systems, has a revenue capacity of up to $250-$550 million. Financing is planned through debt and grants. Electrovaya estimates that the processing costs of the plant will be reduced by more than 50% and its energy costs by over 80%. Electrovaya Inc. Gigawatt hours (GWh).
Noting that higher voltage (42V) batteries were tried—and failed—more than a decade ago, Pike said that at that time, converting all onboard electronics to the higher voltage was viewed as impractical, and the cost of DC-to-DC converters was prohibitive. Battery swapping gives way to battery financing.
The zero-emission commitment from the school significantly lowers operating and fuel costs for the district to 50% of what it paid previously when charging its electric buses, as well as reducing the exposure of students and the local community to diesel particulate pollution. kWh through AMPLY’s fully-managed, turnkey charging services.
This agreement advances the Companies’ July 2009 Joint Research Agreement, which established anticipated yields and operating costs of using CleanTech’s cellulosic biomass feedstock in Fiberight’s Targeted Fuel Extraction process. Fiberight’s TFE process recognizes that sold waste is neither homogeneous nor fully convertible to energy.
Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 —Colin McKerracher. billion, up 9% on a year earlier.
Using Novozymes enzymes, Shengquan will now convert corncob residues from furfural production into fermentable sugars and then into ethanol for solvents and other purposes. Shengquan is a leading producer of furfural using xylose in corncobs, a monomer for resin production in the foundry industry.
The Fisker app offers a flexible lease program, maintenance and repair on demand, insurance purchase to easy finance options. Fisker will also offer a “$0 drive off” option through a fully financed $2,999 down payment for credit approved customers. Ample towing capability will also be a feature of the Fisker Ocean.
The complete bioliq process (Biomass to Liquid Karlsruhe) comprises four stages ( earlier post ): Flash pyrolysis at decentralized plants converts dry residual biomass—that arises in a widely distributed manner and possesses a low energy content—into a substance of high energy density similar to crude oil. gallon US).
Rapid melting of the Arctic region could carry a minimum global cost of US$2.4 trillion by 2050, according to a new report, “An Initial Estimate of the Cost of Lost Climate Services Due to Changes in the Arctic Cryosphere”, released by the Pew Environment Group.
This partnership also builds on XL Fleet’s promise of delivering Electrification-as-a-Service, by giving customers the opportunity to finance or lease the refrigerated trailers and related infrastructure. Concurrent with the agreement, XL Fleet invested $3 million in convertible notes in eNow.
The enzyme enables more cost-efficient conversion of biomass to ethanol and performs 1.5 Cellic CTec3 allows the cost of producing ethanol from biomass to approach the level of corn ethanol and gasoline, according to the company. Both plants will convert municipal solid waste into biofuel. Earlier post.).
As the move from diesel- or LP-powered vehicles to electric vehicles takes place at airports, its important to keep in mind that ICE-powered vehicles convert 20% to 30% of their fuel into propulsion, while EVs convert 80% to 90%. The ICE tugs can have difficulty starting in cold weather, which is not the case with the EVs.
million in its first financing round from Burrill & Company and Khosla Ventures. HCL Cleantech uses hydrochloric acid-driven hydrolysis to convert cellulosic wastes to sugars that can be fermented to ethanol and other biofuels. Israel startup HCL CleanTech Ltd. HCL CleanTech process. Click to enlarge. Founded by Prof.
In addition, the vessels will feature a gradual and increasing degree of readiness to be converted into dual-fuel fully-fitted ammonia ships at a later stage, while retaining the possibility to convert them into dual-fuel LNG vessels if it would make more commercial sense. million (US$66.4 million each).
Global Bioenergies, a developer of one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, and Cristal Union, the 4 th largest European beet producer, have formed IBN-One, a joint venture to build and operate the first plant in France converting renewable resources into isobutene.
The thermochemical process does not require enzymes or microorganisms; instead, the biomass is gasified under certain heat and pressure conditions producing synthesis gas, a carbon monoxide and hydrogen-rich gas that can be converted into high quality synthetic fuels, intermediate chemicals or electricity.
The Axial Vector Engine is an axial-type engine that uses a sinusoidal cam rather than a crankshaft to convert the linear motion of the opposed pistons into rotational motion in the drive shaft. If we omit the engine and use the space for additional batteries, we then have a solution for an all electric plug-in vehicle.
The remaining 75% can be converted into a liquid-fuel equivalent to petroleum that is compatible with existing pipelines and vehicles. The equipment required to convert GreenCrude into liquid fuels, in a process called hydrodeoxygenation, is already installed at most refineries and can accept GreenCrude with minor refinements.
ABBA integrates the biorefinery value chain by converting wood to cellulose and cellulosic sugars, which are then converted to cellulosic biojet and nanocellulose. Its scope includes definition engineering, permitting, and financing activities. —Kevin Weiss, CEO of Byogy Renewables.
From the quantification of the dependencies between costs, vehicle performance and HRS network development, the project developed a model to predict the rate of vehicle uptake in different circumstances. This model indicates that, once refueling options are available, the initial uptake will be limited by the cost of buying the vehicles.
They will create an EV climate loan and lending platform that saves most drivers more than $200 per month on an electric car loan by incorporating thousands of dollars in EV rebates and incentives into the upfront financing of each car. the cost of energy storage?by Innovasion Labs PINC, Inc. is developing a?rechargeable technology?that
A typical plant will convert 300 tons per day of biomass into 20,000 gallons of zero-sulfur, ASTM-grade D975 drop-in diesel which can go directly into a fuel tank. FLEX plants owe their name to their flexibility of raw materials and their scalability, both of which enable them to convert solid biomass into liquid fuels via gasification.
Velocys is pursuing a USDA loan guarantee that could apply up to $200 million of debut as part of the total installed cost of the project. Velocys has engaged the global leading project finance bank, Sumitomo Mitsui Banking Corporation (SMBC), as the lender of record and as its financial advisor.
It also includes working with automakers and dealers to identify, evaluate, and implement creative financing approaches and other effective strategies to reduce vehicle purchase price and increase ZEV sales. Assessment of creative vehicle financing innovations. Provide consumer incentives to enhance the ZEV ownership experience.
“We do not believe that it is prudent to fund the production of cellulosic fuels out of Columbus at a significant loss to prices…these losses are driven by the operating state—low volume cannot absorb the cost of production.” KiOR has developed a proprietary catalytic pyrolysis process to convert non-food biomass into drop-in fuels.
Converting these molecules to the jet fuel range of 10-12 carbon atoms results in a loss of yield. Additional process steps needed to cleave the hydrocarbons into jet range could amount to as much as 30-40 percent higher cost of production for renewable jet compared to. renewable diesel. renewable diesel. —SAFN report.
International agreements on the need to combat climate change, the fluctuating but generally rising costs of marine fuels which account for a large proportion of the running costs of a ship, and developments on a number of other fronts have led many in the industry to question whether the present methods of ship propulsion are sustainable.
and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. The Finance Ministry sought a change in the mineral extraction tax formula to generate an additional 609 billion rubles in 2015 and 1.6
Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. Hybrid Electric Buses Incremental Costs: For the incremental cost of making transit buses hybrid electric.
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. The pilot will consist of a low cost, easy to operate, air blown gasifier coupled with LanzaTech’s second generation bioreactor (2GBR).
We’ve now got some Mo going with: California solar loan financing that will eliminate the big up front cost of solar. SOLAR FINANCING – WHO GETS IT AND WHO DOESN’T. The loans are financed through the sale of assessment district bonds. Convert your Prius to a plug-in hybrid and rock the world.
While utility-scale solar costs have declined nearly 30%, residential- and commercial-scale solar system prices have lagged behind at 6% and 15% reductions, respectively, according to the report from the National Renewable Energy Laboratory (NREL). cents per kilowatt-hour (kWh) for residential systems; 9.2-12.0 of US electricity.
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