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Airbus and LM Industries create mobility startup Neorizon; digital manufacturing

Green Car Congress

Current transport infrastructure and existing mass manufacturing are too inflexible and capital intense to service evolving technology trends and changing consumer demands. Neorizon brings together the flexibility of professional digital manufacturing and the expertise of one of the world’s leading aerospace and defense companies.

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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 V, equating to 98% energy efficiency, with an energy consumption of 40.4

Hydrogen 396
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Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

6 billion from 800 million is important to its pivot to generating hydrogen gasoline mobile vehicles and development out HYLA, its hydrogen manufacturing and distribution community. Corporate executives mentioned it might additionally lift $500 million in the future via present credit score and mortgage guarantees.

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

Green Car Congress

which designs, manufactures, operates and services carbonate fuel cell power plants, announced a broadening and deepening of its existing relationship with NRG Energy including a $35.0-million The company has the option to continue the financing term for each project after COD for a maximum term of five years per project. per share.

Financing 244
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CNPC’s first hydrogen station in Beijing in operation

Green Car Congress

China National Petroleum Corporation (CNPC) recently put its first hydrogen station in Beijing into operation. CNPC) is an integrated international energy company. Jointly built by CNPC and Beiqi Foton Motor Co., Foton), the hydrogen station covers an area of about 1,700 square meters in Changping District.

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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. Darling International Inc.

Financing 186
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Electrovaya completes C$5M financing; new Office of Chairman

Green Car Congress

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. The increase in manufacturing capacity is important as. issued to the lender.

Financing 218