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has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. million in reimbursement for development, long lead equipment, and financing costs incurred during the development period upon closing of the Green Bond Offering.
Lightning eMotors has announced a new model of its Class 3 Lightning Electric Transit Van. The new, longer-range Lightning Electric Transit Van is the fourth generation of its battery-electric and fuel cell electric platform, based on the Ford Transit 350HD chassis. —Tim Reeser, CEO of Lightning eMotors.
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. This can be blended into the gasoline pool for the renewable fuels market.
The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million sold in 2021 to 21 million in 2025.
GE and Better Place have formed a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development; battery financing; joint fleet electrification programs; and consumer awareness. Click to enlarge.
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09
The EVer (Electric Vehicle extended range) powertrain of the Fisker Karma. The company, which began deliveries of the Fisker Karma luxury four-door extended range electric sedan in December 2011, also said that it has delivered 1,000 vehicles to customers in the US and Europe. Click to enlarge.
Other than that commitment, however, Kior said it has no other near-term sources of financing. in two weeks—it will not have adequate liquidity to fund operations and meet obligations (including debt payment obligations), and would not expect other sources of financing to be available. —KiOR 10-K.
Gas chromatograph traces of conventional 87 octane gasoline (top) and CoolPlanetBioFuels drop-in gasoline produced from corn cobs. This venture capital investment was led by North Bridge Venture Partners, which had also led CoolPlanet’s financing round last year. Source: CoolPlanetBioFuels. Click to enlarge.
The Asian Development Bank (ADB) is providing $300 million towards a project that will replace 100,000 gasoline-burning tricycles in the Philippines with electric tricycles, or E-Trikes. Once the project is completed in December 2017, ADB will have financed upgrades to nearly 2,200 km (1,367 miles) of the network.
The new-generation compact car benefits from gasoline (TSI); diesel (TDI); compressed natural gas (TGI); mild-hybrid (eTSI) and plug-in hybrid (eHybrid) units. The new Leon’s offer of standardgasoline engines are all direct-injection, turbocharged units and provide power outputs between 66kW/90PS and 140kW/190PS. Mating a 1.4
Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.
As part of the partnership, Hertz will rent BYD’s e6 electrical vehicle (EV) to Chinese consumers, municipalities and government agencies. million yuan ($43 million), based on Chinese accounting standards. The BYD e6 has been in use in Shenzhen taxi fleets for more than a year; the first fleet of 50 e6 taxis have now surpassed 2.5
Consumption of gasoline in China grew from 0.9 China vehicle sales and gasoline consumption. The national target for cumulative production and sales of electric and plug-in hybrid vehicles is 500,000 units by 2015. For electric vehicles, subsidies from the central government are often matched by local subsidies.
China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. China has made big progress in electric car technologies but still lags behind other countries in certain areas, said the report.
Collaboration between VERBIO and Alliant Energy led to the opening of the facility, which Alliant Energy serves with both natural gas and electric service. While the Renewable Fuel Standard (RFS) has been a great success, the portion from the Advanced Biofuels category related to Cellulosic Biofuels, including RNG, has greatly underperformed.
The New Terminal One will have what its creators have said is the largest solar array at any US airport, which will power a fleet of electric vehicles used at the terminal both landside and airside. MWh of battery energy storage to balance electrical demand and improve power quality. MW of fuel cells and 1.5 MW of fuel cells and 1.5
This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the. The Commission is convinced that financing should cover. social impacts of restructuring. Sizeable efforts.
However, the document not only provides a detailed look at the finances of the company, it also provides a quick recap of recent technology developments and some insight into the company’s immediate research priorities. Chrysler is also seeking to reduce electrical loads through application of higher efficiency fans and fuel pumps.
The production facility planned for Lake Preston is contemplated to produce about 45,000,000 million gallons per year collectively of jet fuel and renewable gasoline products. Gevo intends to make a decision on whether to purchase the Lake Preston site in the future as part of Citigroup-led project financing.
Several reasons underpin slow growth in the commercialization of biofuels, according to the EIA: Difficulties obtaining financing in the aftermath of the debt crisis; Technology scale-up difficulties at startup companies; and. In addition, many projects have experienced delays in their commercialization attempts.
PSA Group is consolidating the development of its models on two global modular platforms—CMP and EMP2—allowing it to offer a wide range of internal combustion, electric and plug-in hybrid gasoline models from 2019. Four electric models will be introduced by 2021, the first of which will reach the market in 2019.
As a result, BCG concludes, the electric car faces stiff competition from ICEs (internal combustion engines) and, based solely on total cost of ownership (TCO) economics, will not be the preferred option for most consumers. BCG expects pack costs for OEMs will fall to ~$360-440 per kWh by 2020. Source: BCG. Click to enlarge. Source: BCG.
The rule establishes a year-by-year roadmap so that by 2035 100% of new cars and light trucks sold in California will be zero-emission vehicles (ZEVs) and plug-in hybrid electric vehicles (PHEVs). Plug-in hybrid, full battery-electric and hydrogen fuel cell vehicles count toward an automaker’s requirement.
Several factors are slowing the development of the market, especially of the more radical alternatives such as battery electric vehicles (BEVs). Alternative fuels include biofuels, natural gas, hydrogen and electricity from the grid. Alternative propulsion systems include hybrid and electric engines.
Smith Electric Vehicles is applying StormMQ ’s cloud-based message queuing platform in its telematics system for in-production electric vehicles (EVs); StormMQ’s cloud-based message queue technology allows Smith Electric Vehicles to collect 27,500 messages a second from clients’ EVs.
Volkswagen may be lauded today as a leader in the electric vehicle movement, but the German automaker still seems to need some help in meeting China’s strict emissions targets. million cars, the vast majority of them being gasoline-powered sedans and SUVs. . Last year, FAW-VW sold 2.16
The E-JET concept range extended electric vehicle from GAC. At least two Chinese automakers are bringing some of their new energy vehicles—hybrid, plug-in hybrid and battery-electric—to two of the major international auto shows in the first quarter of this year. Click to enlarge. Guangzhou Automobile Group Co.,
California’s Zero Emission Vehicle (ZEV) mandate ( earlier post ) remains an indispensable driver of electric vehicle policies worldwide, unique in its ability to foster technology-neutral research and development, according to a new report by the International Council on Clean Transportation (ICCT). Task 2: Metrics.
The €600-million (US$704-million) bond will be used to fund the acquisition of new retail finance contracts and beneficial interests in lease contracts for Toyota and Lexus vehicles that meet specific clean air criteria, including powertrain, fuel efficiency and emissions.
In the first stage of the project, the proposed facility will use Haldor Topsoe’s proprietary solid oxide electrolyzer cells (SOEC) ( earlier post ) to produce green hydrogen from 100 MW of renewable electricity. The hydrogen will be further processed into 300 ton/day of green ammonia , also using Topsoe technology.
During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. The cost to operate an EV, per mile, is already well below the cost to drive a standard ICE-age model, and the advantage is likely to widen.
The collaboration, forged by the White House in partnership with DOE and the Department of Transportation (DOT), the US Air Force and US Army, and the Environmental Protection Agency, is centered on a set of Guiding Principles to Promote Electric Vehicles and Charging Infrastructure. Electric vehicle coalition.
This time around, the electric vehicle maker is promoting its reputation for producing vehicles with the best safety standards on the road. As per the executive, the Tesla Model 3 became a double five-star model of “China Electric Vehicle Fire Safety Index” and “Automobile Fire Safety Certification.”
In addition to providing the heat for system processes, the CHP generator will provide 7.5MW of green electricity. First, the industry is approaching the ethanol-to-gasoline blend wall of 10% ethanol, 90% gasoline in standard gas engines. gasoline would need to be greater than $2.80/gallon Financing challenges.
clip The battery module used to convert hybrid vehicles to plug-in hybrid vehicles will be certified to meet all applicable new car test standards and will be installed by trained mechanics in less than 2 hours. But there can be as many as 15 million standard hybrids on the road when plug-in volumes skyrocket from 2012 to 2017.
Although the starch-to-ethanol pathway is similar to that used for corn ethanol, based upon initial calculations from Drexel University, OBE’s winter barley ethanol has the potential to meet the criteria of an Advanced Biofuel as defined by the Renewable Fuel Standard-2 (RFS-2) and the Energy Independence and Security Act of 2007 (EISA 2007).
Under the Energy and Environment category, CLEPA and EUCAR call for a major focus on the electrification of the vehicle, including work on hybrid, plug-in, electric drive, hydrogen and fuel cell vehicles. New vehicle concepts required for electric propulsion technologies, e.g. using in-wheel motors.
Cautioning that the development and commercialization of the electric car is “ not a sprint, but a marathon ”, Volkswagen AG Chairman of the Board of Management Prof. Dr. Martin Winterkorn said that Volkswagen would introduce its first electric vehicles based on the up! We have rock-solid finances. VW and the electric car.
The bill invests in developing and manufacturing advanced vehicles, to ensure that America leads the world in advanced cars and batteries, and embraces ongoing efforts to create strong federal standards for greenhouse gas emissions and efficiency improvements in our vehicle fleet. States that do pursue drilling will receive 37.5% Natural Gas.
I write a column for the Electric Auto Association newsletter, Current EVents. Nissan appears intent on opening up a market for mid-price range electric cars within two years. The taxpayer is financing the American automakers’ survival and their future. Here's my June column. Plug-in cars are inevitable. Such as the $1.1
Thanks to incentives, the 2025 Nissan Leaf is now the automaker’s cheapest model regardless of powertrain type, reports CarsDirect , undercutting the gasoline Versa economy car. The electric hatchback is also eligible for $1,000 in bonus cash. But current financing offers still make the Leaf cheaper.
Alternative technologies, such as hybrid and electric vehicles that use oil more efficiently or not at all, continue to advance but they take time to penetrate markets. The number of people without access to electricity remained unacceptably high at 1.3 Electric vehicles. The passenger vehicle fleet doubles to almost 1.7
We’ve since ratcheted down the electric use here at my home and in my office and studio watt by watt until we hit our new all time low just last month as we used just 357 kWh which cost us $46.24. Our daily use of electricity during this two year period has gone from 22.55 And two years ago we used 654 kWh which cost us $117.89.
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