Remove Financing Remove Gas Remove Gas-Electric Remove Installation
article thumbnail

“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

Green Car Congress

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. Project VGV uses surplus electricity generated by renewable and nuclear sources to produce hydrogen via electrolysis.

Volt 334
article thumbnail

Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

Green Car Congress

Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The Panda Hummel Station power plant will access natural gas through the MARC 1 and Transcontinental regional gas pipelines.

Coal 150
article thumbnail

EV charging network builder Volta announces $125M in Series D funding

Green Car Congress

Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. —Scott Mercer, Founder and CEO of Volta.

Charging 417
article thumbnail

NFI expands Class 8 electric truck fleet in Southern California through JETSI; delivery of first 15 of 50 trucks

Green Car Congress

NFI, one of the US’ oldest and largest third-party supply chain solutions providers, is expanding its fleet of Class 8 battery-electric trucks (BETs) in Southern California as part of the Joint Electric Truck Scaling Initiative ( JETSI ) project. million), MSRC ($8 million), and South Coast AQMD ($5.4 million), with an additional $21.7

Fleet 259
article thumbnail

VERBIO launches first cellulosic RNG plant in the USA

Green Car Congress

The VERBIO Nevada (Iowa) Biorefinery began producing renewable natural gas (RNG) on an industrial scale in December 2021. Collaboration between VERBIO and Alliant Energy led to the opening of the facility, which Alliant Energy serves with both natural gas and electric service. Nevada is just the beginning.

USA 195
article thumbnail

Rolls-Royce and SOWITEC cooperate on power-to-X projects

Green Car Congress

The plants will use renewable energy sources to generate electrical power that will be used to produce hydrogen with mtu electrolyzers. The mtu gas engine portfolio is currently being prepared for hydrogen as a fuel, thus enabling a CO 2 -neutral energy supply. With more than 4.2

Power 186
article thumbnail

DOE issues Request for Information on financing strategies for light-duty H2 fueling infrastructure

Green Car Congress

The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. Installations of public access dispensing have been sited at existing retail gasoline stations.

Financing 270