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ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.
RWE's FUREC project, which aims to produce circular and green hydrogen from non-recyclable municipal solid waste in Limburg, the Netherlands, received a €108-million grant from the EU’s Innovation Fund. FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS).
ZeroAvia has signed an agreement with MONTE Aircraft Leasing (MONTE), the pioneering zero-emissions regional turboprop aircraft lessor. As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights.
Among the many program terminations, reductions and savings outlined today in the president’s budget is the proposed termination of the US Environmental Protection Agency’s Diesel Emissions Reduction Act grant program. Enacted funding for the program in 2010 was $60 million. In addition, $7.1
The US Department of Transportation’s Federal Highway Administration (FHWA) announced a Notice of Proposed Rulemaking ( NPRM ) for states and municipalities to track and reduce greenhouse gas (GHG) emissions. A Discretionary Grant Program for Charging and Fueling Infrastructure will provide $2.5
Pennsylvania has awarded more than $3 million in Fuel Incentive Grants (AFIG) to 33 companies, counties and organizations making the switch to compressed natural gas (CNG), liquefied natural gas (LNG), or propane for medium to light-weight fleet vehicles. This year, AFIG grants focused on medium- to light-weight vehicles.
EPA’s new Clean School Bus Program will provide $5 billion over the next five years (FY 2022-2026) to replace existing school buses with zero-emission and low-emission models. The Agency will also launch a grant competition later this year. Further Clean School Bus competitions will be run every year over the next five years.
announced that 17 local governments and transit agencies will receive more than $236 million in grants from the Department of Transportation (DOT) to aid the transition to zero-emission buses. billion in new Low-No Program emission funding and $5.1 Napa Vine Zero Emission Bus Electrification. Low-No Program. 17,367,042.
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”.
A $175,000 grant will be used for the site selection and analysis process for this facility. Following the site selection and facility design process, the Alliance will request a formal grant from the Commonwealth to construct a demonstration plant and produce its cleaner fuel on a larger scale. Earlier post.).
Nikola is granted the IVECO S-Way technology license for North America and related component supply from Iveco Group, and gains joint ownership of the intellectual property of Generation 1 eAxles, technology developed together with Iveco Group’s powertrain brand, FPT Industrial.
The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
Yet current transport patterns, based primarily on private motorised vehicles, generates many social, environmental and economic costs, accounting for more than half of global liquid fossil fuel consumption and nearly a quarter of the world's energy related carbon dioxide (CO2) emissions (IEA, 2009).
Park City Transit has deployed Utah’s first zero-emission, battery-electric mass transit fleet, which will include six Proterra Catalyst FC+ buses. buy the bus, lease the battery. Proterra is responsible for the performance of the batteries through the life of the lease, removing operator risk.
The Pennsylvania Department of Environmental Protection (PA DEP) awarded $516,637 in clean diesel grants to four organizations. Recent monitoring indicates these counties’ particulate matter levels are meeting the standards, but continuous compliance must occur before EPA will grant an attainment designation.
million grant from the Commonwealth of Pennsylvania to move forward on the construction of a facility to demonstrate its integrated coal-biomass-to-liquids (CBTL) technology platform ( earlier post ) at Intertek PARC, located at the U-PARC facility in Pittsburgh. Accelergy Corporation has received a $1.3-million Earlier post.)
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). The ARENA round is a $70-million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis. Emissions reduction potential.
Fulcrum’s large development program, backed by secured MSW, will have the capacity to produce more than half a billion gallons of fuel in markets across North America at lower costs compared to conventional petroleum fuel, while reducing carbon emissions by more than 80%. Fulcrum will match this DoD grant with $4.7 Earlier post.).
The financing was co-led by The Engine and by The GOOSE Society of Texas. Syzygy is advancing a new photocatalytic chemical reactor that could significantly reduce the cost and carbon emissions in the production process for a wide range of major chemicals such as fuel, fertilizer, and plastic. million in Series A funding.
The European Investment Bank (EIB) will grantfinancing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. Tags: Europe Financing Policy Vehicle Manufacturers. billion (US$4.8
582 million (US$773 million) in grants for those buying zero or ultra-low emission vehicles to make them cheaper to buy and incentivize more people to make the transition. The government will also launch a consultation on the phase-out of new diesel heavy-duty trucks to put the UK in the vanguard of zero-emission freight.
The California Air Resources Board (ARB) staff will hold a public workshop on 14 November in to discuss preliminary recommendations for $100 million in funding awards for projects to reduce freight emissions. Projects funded under this Program must achieve early or extra emission reductions not otherwise required by law or regulation.
introduced legislation that would set an escalating fee on greenhouse gas emissions from large stationary sources to fund investments in energy efficiency and sustainable energy technologies and also provide rebates to consumers to offset increases in energy prices. Among the financing provisions of the legislation are: Price on carbon.
Such savings and LCFS credits can be reinvested into operations to accelerate a transit authority’s ability to adopt a zero-emissions future. This service can also provide debt financing or secure grant funding to reduce capital expenditures and implement resiliency plans as needed.
Last week True Zero, the retail brand of hydrogen stations developed, owned, and operated by FirstElement Fuel, was selected by the California Energy Commission to build 12 new hydrogen stations in the Commission’s latest round of grant awards to help build out California’s retail hydrogen network. —Joel Ewanick, CEO of True Zero.
The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements.
The Federal Transit Administration (FTA) announced the availability of $55 million of Fiscal Year 2016 funds ( FTA-2016-003-TPM ) for the purchase or lease of low or no emission vehicles as well as related equipment or facilities under the Low or No Emission Program (Low-No) Program. Competitive Grant Program (Bus Program).
The battery-electric freight trucks will be deployed in NFI’s Ontario, California fleet throughout 2022 and 2023, in support of its goal of operating the first 100% zero-emission freight logistics fleet in the nation. emission heavy?duty duty trucks and pave the way for freight logistics fleets to achieve emission reductions at scale.
million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. ClearFlame Engine Technologies , a growing startup dedicated to the development of clean engine technology ( earlier post ), secured $2.5 In fact, it increases power by 25%.
The US Department of Transportation (DOT) is awarding $100 million in Economic Recovery Act funding to 43 transit agencies for projects to reduce energy consumption and greenhouse gas emissions from both vehicles and facilities. Since President Obama signed ARRA into law in February, grants totaling more than $7.2
These new buses will provide ATN a 57 percent zero-emission fleet by 2020. We’ve been operating four of BYD’s 40-foot K9Ms on our routes over the past two years, and based on their performance, we are confident in BYD’s quality product and their support of our efforts to electrify our fleet. —ATN Executive Director Diana Kotler.
million for emerging technologies projects as part of a summer-long roll-out of $120 million in clean diesel grants. The awards will provide opportunities to advance new technologies in the marketplace, and support both environmental innovation and green jobs to reduce diesel emissions. National Funding Assistance Program grants.
Hyundai will leverage insights gained from these public projects to develop it’s zero-emission commercial fleet business in the US and establish local partnerships across the value chain. During that time, the fleet has reduced CO 2 emissions by an estimated 630 tons, compared to diesel-powered vehicles.
Governments and vehicle manufacturers will need to introduce long-term incentives and price cuts to create a sustainable European market for ultra-low emission vans (ULEV), according to a newly published report by Element Energy, commissioned by the UK Department for Transport. Ultra Low Emission Vans Study Final Report.
It is the key to using the great potential we have in reducing CO 2 emissions in the steel industry. Apart from attracting investors, the project partners will also apply for public funding granted within the scope of state aid for climate-neutral technologies. At its core, our climate transformation is based on the use of hydrogen.
In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. Here’s my proposal for. Goal of Task Force.
This technology has the best chance of actually reducing carbon emissions while producing cheap fuel in the process. —Alejandro Gonzalez, founder of BioFields. BioFields’ most recent investment builds atop previous commitments to Algenol that began in 2007.
The European Investment Bank and PSA Peugeot Citroën signed a €200-million (US$259-million) loan agreement to finance the carmaker’s program to develop plug-in hybrid vehicles. The loan was granted under the European Clean Transport Facility (ECTF) financing program, one of the EIB’s measures for stimulating the European economy.
Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. million grant ($17-million) to deliver a breakthrough 19-seat hydrogen-electric powered aircraft that is market-ready by 2023. The program kick-off is supported by a new raise of $24.3
has executed a letter of engagement with BNP Paribas to act as financial advisor to assist and support ClearFuels in securing senior secured debt financing for its commercial thermochemical Biomass-to-Liquids (BTL) biorefinery projects. These services would be directed, in part, to create financing plans for the commercial projects.
In addition, truck fleets financed or purchased through Zero Now will be able to purchase Redeem fuel with a fixed discount to diesel at a significant spread. The ISX12N is certified by California Air Resources Board (CARB) to reduce smog-forming NO x emissions by 90% compared to the current engine standard.
million zero-emission vehicles in use—two years ahead of schedule—and 1 out of 4 cars sold are clean vehicles. The existing CVRP program will continue to accept applications while funding remains available. Now, California has 1.5
Replacing 100,000 gasoline-powered trikes will enable the Philippine government to save more than $100 million a year in avoided fuel imports, while decreasing annual CO 2 emissions by about 260,000 tons. Without intervention, the Philippines is on a course to almost quadruple CO 2 emissions in less than 25 years, the ADB said.
Conducted by Georgia Tech, the project is financed by a $50,000 Ford College Community Challenge Grant, one of five given annually for a student-led project that matches university resources with an urgent community need related to sustainability. —Michael Leamy.
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