Green Car Congress

JANUARY 3, 2019

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.

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Financing Purchase Energy Battery 259

Green Car Congress

MARCH 21, 2022

V, equating to 98% energy efficiency, with an energy consumption of 40.4 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 production cost could be well below US$1.50/kg.

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Hydrogen Energy Water Renewable 396

Green Car Congress

APRIL 30, 2023

Vulcan Energy Resources signed a Term Sheet agreement with Nobian GmbH (Nobian) for the formation of a 50/50 joint venture over, and equity financing of, Vulcan’s Central Lithium Plant (CLP), which forms part of Vulcan’s Zero Carbon Lithium Project ( earlier post ).

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Energy Financing Renewable Denmark 210

Teslarati

MARCH 25, 2024

This was highlighted recently, when BYD celebrated a new milestone by producing its 7 millionth new energy vehicle (NEV). In a comment to Yahoo Finance , Li noted that the US EV market is quite complicated, and it also seems to be seeing a slowdown in electrification. Don’t hesitate to contact us with news tips.

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BYD Energy Production Vehicles 110

Green Car Congress

JULY 23, 2022

EVE Energy, Zijin Lithium and Ruifu Lithium hold 26%, 34% and 40% respectively. However, Eve Energy will own 66% of the rights to sell the JV’s products; EVE says this is conducive to its continuous improvement of the battery raw material industry chain layout.

Energy 199

Energy Financing Battery Batteries 199

Green Car Congress

SEPTEMBER 1, 2023

Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

Energy Storage 195

Energy Storage Energy Polymer Legal 195

Green Car Congress

NOVEMBER 23, 2022

Niron Magnetics, a developer of high-performance, rare earth-free permanent magnets ( earlier post ), announced that the US Department of Energy’s (DOE) Advanced Research Projects Agency – Energy (ARPA-E) has awarded the company a $17.5-million Earlier post.). Today, these magnets rely on rare earth elements.

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Grant Production Wind Clean 345

Teslarati

JULY 9, 2023

France’s Finance Minister, Bruno Le Maire, is optimistic that Tesla would decide to significantly invest in the country. It will be great to have a Tesla factory in France , there has been a lot of effort and energy to make sure this is possible, and this can happen. In May 2023, Elon Musk met with France’s President Emmanuel Macron.

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France Financing Tesla Spain 93

Green Car Congress

MARCH 8, 2021

Neo Performance Materials and Energy Fuels Inc. are launching a new rare earth production initiative spanning European and North American critical material supply chains. The initiative will produce value-added rare earth products from natural monazite sands, a byproduct of heavy mineral sands mined in the southeastern United States.

Energy 186

Energy Fuel Production Estonia 186

Green Car Congress

JANUARY 28, 2022

In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). from the year prior. Germany, the U.K. degrees of global warming.

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Carbon Transportation Global 2020 418

Green Car Congress

NOVEMBER 26, 2019

New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. China, both the world’s largest CO 2 emitter and largest market for clean energy production and consumption, played a crucial role in the story. billion and $2.7

Coal 243

Coal Clean Cleaning Financing 243

Green Car Congress

JANUARY 21, 2022

LAND , a startup electric vehicle manufacturer headquartered in Cleveland, began US production on 120 units of the District E Moto this month. With solar charging as an option, LAND aims to gain traction in the new mobile energy market. We are excited to be entering US production and look forward to shipping our first orders.

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Motorcycles Cleveland Production Tax Credit 435

Green Car Congress

DECEMBER 1, 2019

Northvolt and Mälarenergi are partnering to establish a battery energy storage system at an electric vehicle charging station in Västerås, Sweden. The battery system will provide power output up to 220 kW and a usable energy capacity of 320 kWh. —Emad Zand, President Energy Solutions, Northvolt.

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Energy Storage Energy Charging Battery 390

Green Car Congress

JULY 30, 2022

This figure shows the principles behind the new ceramic membrane used in the production of hydrogen. Currently established methods have energy efficiency ratings of between 70 and 75 percent, but our approach has a potential efficiency of 90 percent. The end product is compressed hydrogen with a high degree of purity.

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Hydrogen Carbon Production Saudi Arabia 418

Green Car Congress

AUGUST 3, 2014

FuelCell Energy, Inc., which designs, manufactures, operates and services carbonate fuel cell power plants, announced a broadening and deepening of its existing relationship with NRG Energy including a $35.0-million million investment in FuelCell Energy common stock by NRG Energy and the establishment of a new $40.0-million

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Financing Energy Companies Carbon 244

Green Car Congress

JANUARY 11, 2022

The EIB financing is supported under the European Fund for Strategic Investments (EFSI), the main pillar of the European Commission’s Investment Plan for Europe. This funding will support our research into innovative hydrogen technologies that will ultimately enable our customers to produce low-carbon products for society.

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Green Energy Financing Hydrogen 199

Baua Electric

APRIL 11, 2024

Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its extraction plant in Germany using geothermal energy, an essential step toward producing battery-grade lithium hydroxide. The German government has created a 1.1

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Germany Auto Energy Production 52

Green Car Congress

JUNE 15, 2023

OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.

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Carbon Fuel Financing Hydrogen 418

The Truth About Cars

MAY 27, 2021

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas.

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Tax Credit Financing Tax General Motors 109

Green Car Congress

MAY 21, 2014

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. As a consequence NEVS’ main owner, National Modern energy Holdings Ltd.

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Financing Sweden Electric Vehicles Production 225

Green Car Congress

JUNE 29, 2023

Aemetis, a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, announced that its Aemetis Biogas subsidiary is operating the Central Dairy Project production facilities 24 hours per day, seven days per week, and has exceeded the RNG production plan by approximately 20% during Q2 2023.

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Production Renewable Grant California 195

Green Car Congress

JUNE 1, 2021

ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energy storage system using second-life batteries from electric vehicles. Following a successful pilot project in Prague, the energy storage units are now available to ŠKODA contract dealers. In partnership with the Czech technology company IBG ?esko,

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Energy Storage Czech Republic Energy Battery 397

Green Car Congress

NOVEMBER 25, 2019

Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. The new funds will be used to scale-up manufacturing of a next-generation silicon-carbon composite anode material and advance into commercial production.

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Financing Carbon Li-ion Lithium Ion 243

Green Car Congress

JANUARY 31, 2022

Vulcan Energy Resources, the company developing Zero Carbon Lithium projects to produce both renewable geothermal energy and lithium hydroxide for electric vehicles from the same deep brine source in the Upper Rhine Valley, Germany, has signed a binding lithium hydroxide offtake agreement with LG Energy Solution (LGES).

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Energy South Korea Poland Lithium Ion 150

Green Car Congress

JANUARY 24, 2023

TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.

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Fusion Power Powered Companies 250

Green Car Congress

SEPTEMBER 19, 2021

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.

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Fuel Production Hydrogen Germany 322

Green Car Congress

AUGUST 19, 2022

will supply European Energy A/S with up to 60,000 tonnes per year of liquefied biogenic CO 2 for a period of 10 years. European Energy, a major multinational renewable wind and solar energy producer, will produce green e-methanol from this biogenic CO 2. Waste-to-biogas company Anaergia Inc.

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Green Supplies Energy Denmark 186

Green Car Congress

JUNE 17, 2020

The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. In March this year, the EIB signed a €480 million loan with LG-Chem Wroclaw Energy.

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Poland Lithium Ion Battery Batteries 243

Green Car Congress

APRIL 7, 2022

Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. Initiated by Porsche and implemented with partners including Siemens Energy and ExxonMobil, production of eFuels from hydrogen and CO 2 using wind energy is expected to start there in mid-2022.

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Porsche Chile Global Industrial 243

Green Car Congress

APRIL 21, 2022

The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel?

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China Energy Indonesia Power Grid 416

Green Car Congress

JULY 29, 2014

Exelon Corporation will provide equity financing for 21 megawatts (MW) of Bloom Energy solid oxide fuel cell (SOFC) projects at 75 commercial facilities in California, Connecticut, New Jersey and New York. Exelon Corporation is the US’ leading competitive energy provider, with 2013 revenues of approximately $24.9

Financing 210

Financing District of Columbia Commercial Energy 210

Green Car Congress

OCTOBER 21, 2022

(NMG) and Panasonic Energy entered into a Framework Agreement establishing the terms of the commercial relationship between the parties to enable the next development steps of NMG’s ore-to-battery-market integrated graphite project in Québec, Canada.

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NMG Energy Canada Climate Change 199

Teslarati

APRIL 29, 2024

LG Energy Solution (LGES) is cutting some investments after reporting weak earnings, mostly attributed to slow electric vehicle (EV) sales growth. “W W e will have to cut capital expenditure considering sluggish EV market conditions and client demand, ” commented Lee Chang-sil, LGES’ Chief Finance Officer. billion won (US$114 million).

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Energy Georgia Hyundai Ford 75

Green Car Congress

DECEMBER 22, 2022

Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. The research is enhanced by CVA’s strategic partnership with energy partners across Africa, Europe and around the world. This is equivalent to energy costs of US$60 a barrel.

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Africa Mauritania Hydrogen Green 481

Green Car Congress

JANUARY 31, 2014

Aquion Energy, Inc., a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. The 350,000 square-foot facility is sized for five manufacturing lines, enabling Aquion to scale production.

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Financing Hybrid Companies Energy Storage 301

Green Car Congress

JUNE 3, 2019

LevelTen Energy , a renewable energy procurement platform, closed a $20.5-million As part of the financing, Tim Woodward, managing director at Prelude Ventures, will join LevelTen Energy’s board of directors. This latest round of funding brings the company’s total investment to $27.3 Salesforce and Workday.

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Renewable Energy North America America 223

Green Car Congress

OCTOBER 15, 2020

The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each.

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Clean Cleaning Energy Solar 371