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FCA US has reached final settlements on civil, environmental and consumer claims with US federal and state agencies as well as private class actions to resolve differences over diesel emissions requirements. The estimated total cost of settlements is $0.8 FCA US has also settled a putative class action on behalf of private consumers.
Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.
has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. Gevo fully funded the RNG Project’s development costs and 100% of its equity capital from cash reserves. The RNG Project will generate RNG captured from dairy cow manure.
The projected cost of the Olin Yo’l GTL project in Uzbekistan ( earlier post ) will hit $5.6 As originally outlined by founding project partners Sasol, Petronas and Uzbekneftegaz, the project was estimated to cost some $4.1 The majority of production will be GTL diesel and GTL kerosene.
Based on an analysis of various cost of ownership scenarios for various drivetrains, including internal combustion engine (ICE) gasoline and diesel; hybrid (HEV); battery-electric (EV); plug-in hybrid electric (PHEV); and fuel cell vehicles, Lux Research concludes that fuel cell vehicles (FCVs) are “ solidly in a laggard position. ”.
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
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. Tags: Catalysts Diesel Fuels. A hat-tip to Harold!).
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
Abellio Rail Mitteldeutschland, Alstom, Nahverkehrsservice Sachsen-Anhalt GmbH (NASA) and Rolls-Royce plan to implement jointly a new hybrid drive solution on Abellio’s fleet of Coradia Lint diesel trains. The Coradia Lint is a fuel-efficient diesel multiple unit (DMU) that can reach operating speeds of up to 140 kph.
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.
a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The recommendation is part of the final report issued by the National Surface Transportation Infrastructure Financing Commission, “ Paying Our Way: A New Framework for Transportation Finance ”. The nation faces a crisis. Paying our Way”.
Reducing the cost of electric vehicles. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle from 11th June 2021, thus enabling the cost of Electric two-wheelers at par with that of ICE two-wheeler vehicles. The demand incentive for electric two-wheelers has been increased to Rs. 15,000/KWh from Rs.
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.).
By switching from diesel-fueled propulsion to fully electrically powered transport, an important step can be taken towards realizing the Paris Climate Agreement goals. To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed.
We have instead elected to pursue private financing opportunities to support the execution of our business plan. Smith produces zero-emission vehicles that are designed to be an alternative to traditional diesel trucks, providing higher efficiency and lower total cost of ownership. —Bryan Hansel, Smith’s CEO.
According to BNEF, developed countries and multilateral institutions should include electric vehicle investments, incentives and charging infrastructure deployments in their international climate finance plans, making capital available to emerging economies that have credible plans to develop this sector.
TerraStar Energy signed a Memorandum of Understanding (MOU) with Emerging Fuels Technology (EFT) to license EFT’s Fischer-Tropsch (FT) and Maxx Jet/Maxx Diesel proprietary technology ( earlier post ) to build a fleet of FLEX plants—small-scale, modular renewable diesel facilities.
Approximately 50,000 new diesel-powered refrigerated trailers are sold annually in the US., Each conventional diesel power refrigerated trailer can use as much diesel as a delivery truck uses in a day, so there are large opportunities for diesel and emissions savings with electrified refrigerated trailers.
Clean Energy’s Zero Now program makes the cost of leasing or purchasing a new natural gas heavy-duty truck equal to the price or even lower than that of the same truck equipped with a diesel engine. Redeem enables at least 70% reduction in carbon emissions when displacing diesel or gasoline, according to CARB estimates.
The selection of this site is consistent with BIOX’s strategy to locate facilities adjacent to large scale petroleum storage and diesel distribution infrastructure as well as users of petroleum diesel and blenders of biodiesel in order to minimize transportation costs to them.
The conversion project, which is expected to commence in April and be completed over a two-year period, is being financed by the natural gas supplier GNC Energia Peru S.A. in cooperation with Caja Metropolitana, a Lima-based bank that provides individual and commercial financing for the conversion of vehicles to operate on natural gas.
A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014. Although some 1.3
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%. Even after the launch of the JFK AirTrain, the Port Authority still had a number of diesel coach buses.
Element Energy used a component-based cost model to estimate the current and future costs of conventional and novel powertrains based on peer-reviewed data—e.g., on batteries and fuel cell costs trends and the costs of vehicle mass reduction. Fuel cell system cost projections over time and volume.
The balance of the truck purchase price can be financed, further reducing initial cash outlay and helping fleets pay the balance from savings in large expense items like diesel fuel. Orange EV noted that fleets can spend annually on diesel fuel half or more of what they spend to buy the diesel truck in the first place.
AMPLY Power is working with Duke Energy Sustainable Solutions to expand fleet electrification offerings, including the first commercially available combination solar canopy and overhead electric vehicle charging solution covered by a power purchase agreement (PPA) leasing and financing model. PIDE Canopy Mount.
Vehicle scrappage policy to reduce cost of EVs says Nitin Gadkari . The newly launched Voluntary Vehicle Fleet Modernisation Programme or the vehicle scrappage policy will help to reduce the cost of manufacturing electric vehicles in India. He said that in the near future, electric vehicles will be cheaper than petrol and diesel ones.
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. a gallon to power its vehicles.
million currently approved Euro 5 and 6 diesels in the country, according to the outcome of the “National Diesel Forum” held in Berlin today between the automotive industry and the German Federal and state governments. At Wednesday’s National Diesel Forum. This also includes the further optimization of the diesel drive.
The project, which will co-produce full replacement renewable jet fuel, gasoline, diesel and Bioplus nanocellulose from woody biomass in an integrated biorefinery at AVAPCO’s site in Thomaston, Georgia, has received a $3.7-million Its scope includes definition engineering, permitting, and financing activities. Earlier post.).
In addition to the environmental considerations, heavy-duty electric trucks offer additional benefits such as reduced cost of ownership, as well as labor cost savings and increased safety by providing autonomous piloting in closed working environments. Bruno Wu, Chairman of Ideanomics.
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. Composite body electric buses: Replace conventional diesel transit buses with 35-ft composite body electric transit buses.
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.
Of that, EPA projected the bulk to come from the KiOR Columbus plant (5-6 million gallons of renewable gasoline and diesel). “We The ratio between gasoline, diesel and fuel oil is 41% gasoline, 37% diesel, and 22% fuel oil. In addition to payment for the gasoline and diesel, KiOR can sell RINs.). —Fred Cannon.
We are already making measurable progress, which will continue to have a noticeably positive impact on earnings—whether in terms of sales, the cost of materials or indirect purchasing. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance. The next generation of the BMW 7 Series will mark a new milestone.
Proterra launched Proterra Energy fleet solutions , a full suite of options that enable turnkey delivery of a complete energy ecosystem for heavy-duty electric fleets, including design, build, financing, operations, maintenance and energy optimization. Recently, Proterra announced a partnership with Mitsui & Co.,
Specified performance targets for 2015 for battery-electric and plug-in hybrid electric passenger vehicles include: Maximum speed of not less than 100 km/h (62 mph); All-electric driving range of not less than 150 km (93 miles) and 50 km (31 miles), respectively; Battery power/kg target of 150W/kg, at a cost of 2 yuan/Wh ($0.31/Wh),
BCG comparison of the CO 2 reduction potential and cost of different technologies. In addition, the cost to the consumer would be about $50 to $60 per percent CO 2 reduction—roughly half the cost of what was expected three years ago. Source: BCG. Click to enlarge.
The battery leasing credit facility, the first of its kind in the North American public transit industry, is expected to lower the upfront costs of zero-emission buses and put Proterra electric buses at roughly the same price as a diesel bus.
Although the industry has reduced its consumption of fossil fuels by a number of measures such as using increasingly thermally efficient diesel engines in recent decades, the current total fuel oil consumption is in excess of 350 million tonnes per year (about 98.5 billion gallons US). Medium- to long-term options.
Hydroprocessing produces renewable diesel, and can produce 50-70% jet fuel with an additional cracking step. The remaining product would be mostly renewable diesel, with. Natural bio-oils have carbon chain lengths that are in the diesel range, 16-18 carbon atoms in the hydrocarbon. renewable diesel. renewable diesel.
Financing, incentives, carbon credits and other programs provide fleets additional assistance and incentives to accelerate deployment of Orange EV’s pure electric terminal trucks. Traditional equipment financing helps reduce initial cash outlay and fund the balance of purchase from cost savings.
ASUM, one of a handful of student-led transit agencies in the United States, is now prioritizing electric vehicle mass transit and will begin replacing its diesel vehicles. Proterra’s Total Cost of Ownership was a major selling point for ASUM, given the transit agency’s size and limited resources.
The JV will be held 76% by KOEL—India’s largest manufacturer of diesel engines, both air-cooled and liquid cooled, covering a power range of 3 hp to 11,000 hp—and 24% by Axial Vector. AVEC Chairman Sam Higgins.
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