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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.
National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. NEVS also cut back on its hired consultants.
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. Click to enlarge.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. If this potential production supplied the Volt Gas Volt plants, the nuclear plants could operate at nearly 100% capacity. Click to enlarge.
Germany’s Federal Ministry of Transport and Digital Infrastructure (BMVI) is awarding €80 million to the Fraunhofer-Gesellschaft’s National Action Plan for Fuel Cell Production. The alliance with the Fraunhofer-Gesellschaft is a new dimension for advancing fuel cell production. —Prof.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.
Furthermore, the chronic traffic congestion caused by excessive motorisation leads to lower productivity and reduced levels of accessibility in many of the world's urban areas. restructure pricing incentives so users Pay for the full costs of transport consumption.
Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.
Calysta Energy completed a Series A financing round totaling $3 million. The financing was led by Pangaea Ventures Ltd., Calysta is focusing on development of methane as a new biological feedstock for cost-competitive, scalable biofuels and chemicals production. Earlier post.). Purnesh Seegopaul, Ph.D.,
DOE also announced the “America’s Most Affordable Rooftop Solar” competition to aggressively drive down the cost of rooftop solar energy system as well as $8 million in awards to nine small businesses to lower the cost of financing, permitting, and other “soft costs,” which can amount to nearly half the cost of residential solar systems.
Consumers who purchase an electric vehicle will find that lifetime costs to own the vehicle are competitive with conventional and hybrid vehicles, according to an analysis conducted by the Electric Power Research Institute (EPRI). The study is based on pricing for the automotive products for the 2013 model year.
Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. This is equivalent to energy costs of US$60 a barrel. The report was formally handed over to partners on 20 December.
SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US. The $50-million fund is a follow-up to a $65-million fund the companies created in 2013.
The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. —Amar Vasdev, a co-author of the report at BNEF.
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 productioncost could be well below US$1.50/kg. This leads to inherently bubble-free operation at the electrodes.
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.
BIOX Corporation, Canada’s largest biodiesel producer, signed definitive agreements with International-Matex Tank Terminals (IMTT) to secure the site and related infrastructure for the construction of its second biodiesel production facility. BIOX’s second facility will have a 100 million liter annual capacity (26.4
BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. The option of letting consumers finance the chargers will ultimately fall into the hands of dealers and manufacturers, the company said. With the nationwide EV outlook expected to reach 26.4
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. A critical component of this topic area is that bioproducts are expected to increase the overall value of the algal biomass and still allow for biofuel production.
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. Drop-in battery price will result in cost reduction of electric vehicles.
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”.
The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8 Although this was largely due to the decreasing costs of renewables, the total installed capacity continued to grow. Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.
We do not believe that it is prudent to fund the production of cellulosic fuels out of Columbus at a significant loss to prices…these losses are driven by the operating state—low volume cannot absorb the cost of production.” We must drive yield toward and beyond 80 gallons per ton, while reducing productcost per gallon.”
The Volkswagen brand has introduced a new production strategy—TRANSFORM.TOGETHER—which targets a 30% increase in productivity worldwide by 2025 compared to 2018. Production is therefore making a major contribution to achieving the profitability target of over 6% for the brand. And production plays a key role in that.
to finance the development and production of low-carbon fuels and energy transition metals. In the coming years, LCR has the potential to be an important additional source of capital to bring NORI-D and other TMC projects into production. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0%
Syzygy Plasmonics, a technology company developing a high-performance photocatalyst for the industrial gas, chemical and energy industries, announced a $23-million Series B financing led by Horizons Ventures with participation from new global investors including Equinor Ventures. Earlier post.). of global greenhouse gas (GHG) emissions.
Cost of carbon abated for transport applications. Although anaerobic digestion of organic material has been widely accepted as an important renewable energy technology, the production of Bio-SNG will required to move to higher levels of fossil fuel replacement, according to the report. Cost of carbon abated. Click to enlarge.
In more mass-market applications where cost is an issue, the technology enables delivering the same performance as competitive devices, but at a lower price and smaller, more compact form-factor. Skeleton is currently preparing a launch of Round A financing at the end of February.
a graphene development and patenting JV ( earlier post ) and Hydro-Québec’s Institut de recherche d’Hydro-Québec (IREQ) recently signed a licensing agreement enabling Focus Metals to develop a graphite purification center as well as a graphite anode production facility for Lithium-ion batteries. Focus Metals Inc.,
Senate Finance Committee Chairman Max Baucus (D-Mont.) This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US. These proposals are intended to promote domestic energy production and reduce pollution.
The cost of the deal is $1.9 In addition, Electra Afikim will bear the cost of the electricity. The support of the Ministry of Transportation is important especially since the ministry is the entity that finances the public transportation activity in Israel, and the entity that approved the use of Electreon’s wireless charging.
The construction of the plant, with an annual production of 24,000 tonnes of lithium (LCE), will start during the first quarter of 2022 with a commissioning scheduled for early 2024. interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9%
Lightning eMotors says that its products are complementary to Ford’s announced 2022 E-Transit, which will be a battery-electric Class 2 cargo/cab/chassis van with an estimated 126 miles of range. The voucher program can reduce the upfront cost of advanced zero-emission fleet vehicles by 30 to 70 percent.
The design significantly increases reliability, maximizes performance, and reduces total cost of ownership. billion transaction provides Lordstown Motors with $675 million of gross proceeds that will be used to fund production of the Endurance and its innovative in-wheel electric hub motor design.
SafeAI and Siemens will work with Obayashi Corporation, a Japan-based global leader in construction, to create smarter, safer, more sustainable and productive construction sites. SafeAI and Obayashi originally announced their partnership in October 2020, beginning with a pilot site in Cupertino.
Currently, inductive charging is offered as an aftermarket solution with attractive financing options. Yet, the cost of purchasing and installing an inductive charging solution is approximately 30% higher than that of conductive (wired) charging. Large companies are acquiring smaller companies to strengthen their product portfolio.
Funds from the strategic financing will be used to further accelerate the company’s product development activities, project deployments, and growth plans as the Company expands its technical leadership in medium and heavy-duty hydrogen fuel cell bus and trucking applications. Earlier post.).
Besides investments in property, plant and equipment, the total amount also includes additions to capitalized development costs of €11.6 In the area of powertrain production, new generations of engines will be launched offering additional enhancements to performance, fuel consumption and emission levels. billion (US$23.5)
Around two-thirds of the total investment amount will flow into increasingly efficient vehicles, drives and more environmentally friendly production. Investments in property, plant and equipment, investment property and intangible assets, excluding capitalized development costs (capex) in the Automotive Division will amount to €64.3
Advanced materials technology company Sylvatex (SVX) announced a new proprietary waterless production method that delivers premium EV-grade cathode active materials (CAM) at lower costs and that allows for a broader material input supply base to enable demand growth. SVX recently closed a Series A funding of $8.4
The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. The scale of China’s automobile production and sales in the world, is expected to continue to grow. kW/kg, at a cost of 200 yuan/kW.
As the lead investor in Joby’s $590-million Series C financing, Toyota is continuing to leverage emerging technologies to provide "Mobility for All.". In addition to investing $394 million in Joby, Toyota will share its expertise in manufacturing, quality and cost controls for the development and production of Joby Aviation’s eVTOL aircraft.
The US Department of Energy (DOE) will award some $118 million in funding for 17 projects to accelerate the production of sustainable biofuels. Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment.
M-KERS can recover up to 70% of braking energy for around a third the cost of battery electric hybrids, the company says. The group intends launching this product into the market in trials in 2014 and into production in 2015 to achieve a first to market advantage and providing growing product revenues from 2015 onwards.
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