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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). In November 2019, the Lodstown Motors acquired the Lordstown Complex, formerly a General Motors Corporation (GM) factory.

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SafeAI, Siemens, Obayashi collaborate to bring retrofitted autonomous, zero-emission heavy vehicles to off-road industries

Green Car Congress

SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In partnership with pioneers like SafeAI and Obayashi Corporation, we can imagine a more sustainable future for these industries.

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Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

Green Car Congress

Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. Hyundai fuel cell bus.

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Researchers find capillary-fed electrolysis cell can deliver hydrogen at 98% cell energy efficiency

Green Car Congress

With this level of cell energy efficiency—well above International Renewable Energy Agency’s (IRENA) 2050 target and significantly better than existing electrolyzer technologies—hydrogen production cost could be well below US$1.50/kg. 2 and 85 °C of only 1.51 kWh/kg hydrogen (vs. kWh/kg in commercial electrolysis cells).

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Ampersand Secures $9 Million Debt Facility From US International DFC To Scale Operations

CleanTechnica EVs

They have adopted several models, including battery leasing and swapping services, hoping to entice boda-boda operators with the lower opex costs of electric motorcycles. A number of startups focused on electrifying the motorcycle and motorcycle taxi (boda-boda) market have now entered the boda-boda space in Kenya, Uganda, and Rwanda.

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Electra Vehicles, Inc. Announces $21 Million Financing Round led by United Ventures

Electra Vehicles

The patented core of the technology, the Adaptive Battery Digital Twin, leverages AI and ML to provide design insights, real-time onboard controls, and fleet-wide data analytics for reduced total cost of ownership. Since 2013, it has invested in more than thirty technology startups, supporting their growth and international expansion.

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

Green Car Congress

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). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

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