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

Green Car Congress

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.

Financing 244
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DOT issues discussion document on principles for a connected vehicle environment; safety as top priority

Green Car Congress

As the federal role and other critical aspects of connected vehicle regulation and/or implementation are further defined, DOT will document publicly the privacy risks and controls applicable to the system and users. USDOT is receptive to all sustainable financing options that do not violate other principles.

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Westport Launches First Global Carbon Finance Program for Transportation Registered to the Voluntary Carbon Standard

Green Car Congress

The project documentation is currently being reviewed by SQS, a Swiss entity certified by UNFCCC for the validation of climate change projects in the transport field. Grütter Consulting is a leading advisory firm on carbon finance and transport with activities worldwide.

Carbon 199
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Electrification Coalition launches online EV Policy Showroom

Green Car Congress

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.

Financing 448
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AMPLY Power & Logan Bus announce 2-year demo project of charging-as-a service for fleets; 5 electric school buses

Green Car Congress

Pioneering methods to accelerate electric fleet adoption, AMPLY Power will demonstrate and document its Charging-as-a-Service approach for an all-electric school bus fleet in New York City. Implementing resiliency plans where needed. Once this is completed, bus routes will be determined.

Fleet 291
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ECOtality files for Chapter 11; seeking approval to sell all assets

Green Car Congress

All documents filed with the Bankruptcy Court are available for inspection at the Office of the Clerk of the Bankruptcy Court. The companies have proposed to jointly administer their Chapter 11 cases under the caption In re Electric Transportation Engineering Corporation, dba ECOtality North America, Case No. 2:13-bk-16126-RJH.

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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

Green Car Congress

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.