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Park City Transit deploying six Proterra electric buses; battery-lease financing model

Green Car Congress

With its deployment of Proterra vehicles, the Park City region will become the first mountain resort community in the United States to operate a highly efficient, battery-electric transit service. buy the bus, lease the battery.

Financing 186
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Archer Aviation selects site in Georgia for eVTOL manufacturing facility

Green Car Congress

Archer intends to invest $118M over the next 10 years and will receive an incentive package totaling 33% of its capital investment commitment, which includes land conveyance, tax incentives and Georgia REBA grant. Archer will receive an incentive package, which includes land conveyance, tax incentives and Georgia REBA grant.

Georgia 199
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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

Green Car Congress

Currently, NAM is building its first mass production site in the United States, which will produce 10,000 metric tons per year of battery grade synthetic graphite. Albemarle is finalizing the site selection for the lithium hydroxide conversion plant in the southeastern United States.

Parts 459
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INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

Green Car Congress

INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. million dollar cost matching grant from the State of Florida.

Florida 186
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Highland Electric Transportation raises $253M to accelerate electrification of school fleets

Green Car Congress

The financing was led by Vision Ridge Partners with participation by Fontinalis Partners and existing investors. This all-inclusive transportation-as-a-service model is the simple and cost-effective way for districts to transition their fleets. State governments are supporting the switch to electric vehicles as well.

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Nikola secures $41.9M award to build six heavy-duty hydrogen stations in CA

Teslarati

million grant from the California Transportation Commission (CTC) to construct six hydrogen refueling stations for heavy-duty trucks across Southern California. It should be noted that, as of writing, there are virtually no public hydrogen fuel stations in the United States that are designed for heavy-duty trucks.

Hydrogen 102
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Three veterans join leadership team of Lohum Cleantech – ET Auto

Baua Electric

The company onboarded veteran investor Sachin Maheshwari as Head of Corporate Development, finance leader Nitin Goel as Chief Financial Officer (CFO), and R&D Pioneer Chidambaram Mandan as Vice-President and Head of R&D and Quality Control.

Auto 52