Group14 closes $18M in financing to scale-up silicon-carbon composite anode material

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Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners.

2019 88

Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

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a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The firm pursues credit through a broad spectrum of investments in global corporate credit, distressed and special situational credit, structured credit, emerging markets and leveraged loans. In addition to closing the Marathon loan facility, Workhorse continues working in partnership with Duke Energy Corporation.

2019 87

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Gevo closes $25.9M financing with Whitebox Advisors

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a leading renewable technology, chemical products, and next generation biofuels company, has closed a private debt financing with Whitebox Advisors LLC consisting of a senior secured term loan exchangeable into senior secured convertible debentures. The term loan is exchangeable into convertible debentures within 90 days of the closing of the financing, subject to certain ownership limitations. million in convertible debentures within 90 days of closing of the Financing.

UQM Technologies closes $5.3M financing

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UQM plans to use these funds to provide UQM with the financial flexibility that may be needed for potential JV’s, capacity expansion in new regions or working capital demands as a result of new business opportunities that are currently being pursued as well as for general corporate purposes.

Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

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In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. Canada-based Enerkem Inc.,

2018 95

Mercom Capital: VC funding for battery storage companies up 139% YoY in 1H 2019 to $1.4B; led by Northvolt financing

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Announced debt and public market financing activity in the first half of 2019 ($547 million in five deals) was 275% higher compared to the first half of 2018 when $146 million was raised in six deals. Total corporate funding (including venture capital funding, public market, and debt financing) for battery storage, smart grid, and efficiency companies in 1H 2019 was flat with $2.3 VC funding in Battery Storage companies in 1H 2019 was up by 139% with $1.4

2019 74

Coulomb secures $47.5M Series D financing

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million of financing in its Series D round. Braemar Energy Ventures and Kleiner Perkins Caufield & Byers led the financing and were joined by Toyota Tsusho Corporation and existing investor Rho Ventures. The financing will enable Coulomb to expand its operations and further grow the ChargePoint Network and expand the deployment of its cloud-based charging solutions for electric vehicles.

Volvo Car Corporation signs MoU on strategic partnership with China Development Bank Corporation

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Volvo Car Corporation and China Development Bank Corporation have signed a Memorandum of Understanding (MoU) for a strategic partnership. Under the intent of the MoU, the parties will evaluate a possible cooperation related to China Development Bank’s financing of certain Volvo Car Corporation research and development programs in the area of efficient energy technology, as well as production facilities in China.

Daimler and LBBW successfully utilize blockchain technology for launch of corporate Schuldschein

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Through LBBW, Daimler launched a €100-million, 1-year corporate Schuldschein (private placement instruments written under German law) within which savings banks (Kreissparkasse) Esslingen-Nürtingen, Ludwigsburg and Ostalb as well as LBBW acted as lenders.

2017 78

SG Biofuels completes $17M Series B financing

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SGB), a bioenergy crop company developing elite hybrid seeds of Jatropha as a low-cost feedstock for biodiesel, biojet fuel and specialty chemicals, has completed a $17-million Series B financing led by Thomas, McNerney & Partners with participation from Finistere Ventures and current investors Flint Hills Resources, LLC and Life Technologies Corporation. SG Biofuels, Inc.

Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

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Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Prior to Hyundai, BVR was with Tata Administrative Services and headed marketing at Tata Motors with overall responsibility for formulating and implementing strategies in marketing, sales, service and financing for both commercial vehicles and passenger cars.

2014 96

SG Biofuels Completes $9.4M Series A Financing

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a bioenergy crop company developing and producing elite seeds of Jatropha, has completed a $9.4-million Series A financing with proceeds from Flint Hills Resources, a privately held company based in Kansas, Life Technologies Corporation, a biotechnology tools company based in Carlsbad, Calif., The financing will support the company's efforts to advance Jatropha as a high-yielding, low cost feedstock for diesel, jet fuel and petrochemicals. SG Biofuels, Inc.,

Better Place closes $200M Series C financing; valuation now $2.25B

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Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25 billion (post money valuation on a fully diluted basis) since the last financing in January 2010.

NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

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FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. In addition to the common stock investment, NRG Energy has extended a $40 million revolving construction and term financing facility for the purpose of accelerating project development by FuelCell Energy and its subsidiaries. per annum for construction-period financing and 8.0% FuelCell Energy, Inc.,

2014 84

Exelon to provide financing for 21MW of Bloom Energy SOFC projects at 75 commercial facilities

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Exelon Corporation will provide equity financing for 21 megawatts (MW) of Bloom Energy solid oxide fuel cell (SOFC) projects at 75 commercial facilities in California, Connecticut, New Jersey and New York. As the first step in a long-term strategic partnership with Bloom Energy, Exelon will finance Bloom Energy projects through Bloom Electrons, a service that allows customers to buy power as a service, rather than purchasing the equipment directly.

2014 74

Electrovaya completes C$5M financing; new Office of Chairman

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completed a financing for C$5 million (US$4.96 Each share purchase warrant is convertible into one common share of the corporation. This financing provides valuable working capital for future growth, including certain strategic initiatives. of the Institute of International Finance, a global association of financial institutions based in Washington, DC. Canada-based Li-ion battery maker Electrovaya Inc. million).

Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

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million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Shahed, former vice president and corporate fellow of advanced technology at Honeywell Turbo Technologies, executive director of advanced technology at Cummins, Inc., Achates Power, Inc.,

2013 81

Valero providing construction financing for Valero-Diamond renewable diesel JV

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A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. Valero's financing commitment means that we will no longer require a funding guarantee from the US Department of Energy under the Energy Policy Act of 2005.

Waste-to-biofuels company Enerkem raised C$50 million in latest financing round

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recently closed a C$50-million (US$47.6-million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 As part of this financing, institutional fund Investissement Québec joins existing investors Waste Management of Canada, Rho Ventures, Braemar Energy Ventures, The Westly Group, Cycle Capital, Fonds de solidarité FTQ and Fondaction, which each increased their investment in Enerkem with this new equity financing round.

2013 74

PGE and SunRun Create $100M Home Solar Financing Fund

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Pacific Energy Capital II, LLC, a non-utility subsidiary of PG&E Corporation, and SunRun Inc., a provider of home solar financing, announced a $100-million tax equity project financing agreement to fund SunRun’s installation of more than 3,500 new home solar installations across the nation. The investment, principally funded by PG&E Corporation shareholders through Pacific Energy Capital, creates the largest residential solar financing vehicle established to date.

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.

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 81

Chemrec enters into cooperation agreement with China Tianchen Engineering Corporation on advanced biofuel plants

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Chemrec signed a cooperation agreement with China Tianchen Engineering Corporation, TCC, to provide an integrated offering of Chemrec plants on a global lump-sum turn-key basis and co-market the Chemrec black liquor gasification technology—a route to second-generation biofuels or green power. TCC will also assist in procuring plant financing.

2012 76

SolarCity and Honda to finance $50M more in solar projects for Honda and Acura customers and dealerships

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SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The companies have already completed or initiated a range of solar projects for homeowners, dealerships and corporate facilities that total more than 12.5 The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US.

2014 76

DOE not proceeding with ATVM loan for Carbon Motors; company exploring strategic and financing alternatives

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Carbon Motors Corporation, developer of a diesel-engined law enforcement vehicle ( earlier post ), announced that the US Department of Energy (DOE) has indicated that it will not proceed with Carbon’s $310 million application for a direct loan under the Advanced Technology Vehicle Manufacturing (ATVM) program. The company says it is now actively examining its strategic and financing alternatives in support of its goal.

2012 80

Enerkem raises C$15M in project equity financing for its commercial waste-to-biofuels facility in Alberta

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Total financing raised by Enerkem in 2011, both at the corporate and project subsidiary levels, now amounts to C$103 million. This project equity financing by Waste Management and EB Investments supplements Enerkem’s equity position in the project, along with the C$23.35 Waste Management and EB Investments are investing C$15 million (US$14.6 million) for a minority equity interest in Enerkem Alberta Biofuels L.P.,

2011 76

BASF invests $30M in supercritical hydrolysis company Renmatix, leading $50M financing round

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The BASF subsidiary led a $50-million financing round, joined by new and existing investors. In the partnership with Renmatix, BASF is pursuing a new direction while simultaneously underlining its corporate strategy of offering even more sustainable solutions. BASF, through BASF Biorenewable Beteiligungs GmbH & Co.

2012 80

Volvo Car Corporation, Ericsson and partners in plug-in vehicle smart on-board charging research project

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Volvo Car Corporation, Ericsson, the utility company Göteborg Energi and the Viktoria Institute are collaborating in the research project ELVIIS (Electric Vehicle Intelligent Infra Structure) to develop a concept for using intelligent infrastructure for the smart on-board charging of plug-in vehicles. —Lennart Stegland, Vice President Electric Propulsion Systems, Volvo Car Corporation.

2012 84

American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

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American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). These funds will help ensure that ASMC has the cash necessary to operate its business during the pendency of the chapter 11 case. Earlier post.)

2012 76

Volvo Car Corporation ramps up assembly of V60 diesel plug-in hybrid; up to 6K units for MY 2014

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Volvo Car Corporation is now ramping up production of the new Volvo V60 Plug-in Hybrid. The Volvo V60 Plug-in Hybrid is the synthesis of close cooperation between Volvo Car Corporation and Swedish electricity supplier Vattenfall. The two companies have financed the development project jointly. Earlier post.) After the initial batch of 1,000 model year 2013 cars, production will increase to 4,000-6,000 cars as of model year 2014.

2012 81

Li-ion Startup Sakti3 Raises $7 Million in Series B Financing

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an Ann Arbor-based developer of next-generation lithium-ion batteries ( earlier post ), has completed a $7-million Series B round of financing. Sakti3 was awarded a $3 million grant from The Michigan Economic Development Corporation (MEDC) in 2009 and has been designated as a State of Michigan Center of Energy Excellence (CoEE) in partnership with the University of Michigan. Sakti3, Inc.,

Waste-plastic-to-crude company Agilyx obtains $25M Series C financing

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Agilyx Corporation has secured a new round of Series C funding worth $25 million, led by new investor Keating Capital and joined by existing investors Kleiner Perkins Caulfield & Byers, Saffron Hill Ventures, Waste Management, Total Energy Ventures International, an affiliate of Total S.A.,

2011 74

Lear Corporation files for bankruptcy

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The DIP agreement will see the financing convert into exit financing with a three-year term on Lear’s emergence from bankruptcy. Tags: Cars Latest news auto parts bankruptcy Chapter 11 Green cars Lear Corporation Anyone who thought that the financial crisis that has rocked the automotive industry was over was given a stark reminder earlier this week when Lear Corp became the third major auto parts supplier in the US to file Chapter 11 bankruptcy in the last month.

CPV, GE, DGC secure largest US thermal power project financing in 2011 for 800 MW gas-fired power plant; 23 banks to provide nearly $800M in credit facilities

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Additional details of the financing were not disclosed. With all permits finalized and the debt financing in place, Gemma Power Systems California, Inc. Competitive Power Ventures, Inc.

2011 93

Mascoma and Valero establish JV for commercial-scale hardwood cellulosic ethanol facility; Valero providing majority of financing

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Cellulosic biofuels and consolidated bioprocessing company Mascoma Corporation has entered into definitive agreements with Valero Energy Corporation, the US’ largest independent oil refiner and a leading ethanol producer, to develop and to operate a first-of-its-kind 20 million gallon per year (mgpy) commercial-scale cellulosic ethanol facility in Kinross, Michigan.

2011 74

A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

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announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 We are pleased that the Court has granted A123 interim approval for the DIP financing agreement. Li-ion maker A123 Systems, Inc.

2012 78

Axial Vector Energy Corporation Develops Hybrid Electric Drive Train Featuring Axial Engine and New Electric Clutch

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Axial Vector Energy Corporation (AVEC) has developed a new hybrid electric drive train comprising a small axial-type, multi-fuel AVEC engine ( earlier post ), an AVEC generator/motor and an all new electric clutch. The balance of approximately $800,000 will be used to finance the go to market cost of licensing our Green and Clean family of multi fuel engines, generators, electric motors and gensets.

2010 81

Renault Enters Two New EV Partnerships with Global Financing and Fleet Management Companies

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Renault has entered two new EV partnerships: one with Arval, a BNP Paribas subsidiary; the other with ALD Automotive, a global provider of financing and vehicle fleet management services. Arval is a major player in multi-brand full service leasing and corporate fleet management, with 602,000 vehicles leased and 688,000 vehicles managed in 22 countries at the end of 2008.

2009 60

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

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OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. 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. Ovonyx is a joint venture with its co-founder Tyler Lowrey and its shareholders include Intel Corporation.

2012 74

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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Wu co-founded GSR Ventures in 2004, following a series of senior-level positions with Nortel Networks, Shanghai ASMC, Shanghai Nortel Semiconductors Corporation and Guangdong Nortel Telecom Corporation. Boston-Power, Inc., a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China.

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. Qteros is funded by investors including, among others, Venrock Associates, Battery Ventures, BP Technology Ventures, Soros Fund Management LLC, and Valero Energy Corporation. India-based Praj Industries Limited and Qteros, Inc.,

2011 64

Lux Research: smart grid, energy storage, and EV M&A hits $2.4B in 1H 2011; start-ups selling at bargain prices

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As VCs have withdrawn from the smart grid, energy storage and EV sectors, they’ve left a crowded landscape of stranded, early-stage ventures without any means to finance demonstration pilots or manufacturing scale-up. Not surprisingly, well-capitalized competitors and corporate players have swept in, looking to acquire valuable intellectual property, manufacturing capabilities, and client lists at bargain valuations. Batteries Electric (Battery) Financing Smart Grid

2011 100

A Brief Look at Today's Plug-in Hybrid and Electric Vehicles and the Companies That Are Revolutionizing an Old Industry - Yahoo! Finance

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2009 28