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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. Citigroup Global Markets Inc.

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Study: expanding Brazilian sugarcane for ethanol could reduce global CO2 emissions by up to 5.6%

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Vastly expanding sugarcane production in Brazil for conversion to ethanol could reduce current global CO 2 emissions by as much as 5.6%, according to a new study by an international team led by researchers from the University of Illinois. The carbon-related costs of converting the land to sugarcane fields were included in the analysis.

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SK Group to invest $1.5B in Plug Power; strategic partnership and JV to accelerate H2 economy in Asia

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Plug Power has proven its ability to scale a hydrogen business in North America as a global leader in the hydrogen economy. LLC is serving as Financial Advisor and Goodwin Procter LLP is acting as legal advisor to Plug Power. A cumulative economic value of its hydrogen economy to reach ~$40 billion by 2040. Morgan Stanley & Co.

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FreeWire Technologies raises $125M in Series D; battery-integrated ultrafast EV charging stations

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The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc. Citigroup served as sole private placement advisor and Wilson Sonsini Goodrich & Rosati served as FreeWire’s legal advisor on the transactions.

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Albemarle signs exclusivity agreement with Mineral Resources for 50/50 lithium JV in W. Australia; $1.15B deal

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The second stage is expected to convert the remaining volume of spodumene concentrate to battery-grade lithium hydroxide (subject to prevailing lithium market conditions at the time supporting this development), at which point the plant is expected to be producing at least 100 ktpa of lithium hydroxide.

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Google’s technology campaign for autonomous driving

Green Car Congress

—Allen Taub, former GM VP, Global R&D. million people/year are killed in auto accidents globally. Google’s fleet of converted Priuses have travelled more than 250,000 miles in autonomous mode and Google believes they’ll need to covered closer to one million miles before the technology can be released onto the market.

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Chrysler launches the 2011 GEM line

Green Car Congress

Chrysler Group Global Electric Motorcars LLC (GEM), a wholly owned subsidiary of Chrysler Group LLC, recently launched the 2011 GEM vehicle line of low-speed battery-electric vehicles. More than 45,000 GEM vehicles are on the road worldwide.

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