Global Bioenergies picks up new €1.4M financing for isobutene program; targeting Germany expansion

Green Car Congress

France-based Global Bioenergies, the developer of a one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, has obtained new €1.4-million (US$1.6-million) financing from Bpifrance on the isobutene program. Bpifrance granted Global Bioenergies a “Zero Percent Interest Innovation Loan” (Prêt à Taux Zéro Innovation) to adapt its isobutene process to certain specific industrial environments.

2015 73

Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Marathon, based in New York, NY, is an opportunistic global credit event-driven manager with approximately $15 billion in assets under management. Workhorse Group Inc.,

2019 87

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

Changes in how transport is financed are essential if cities and nations are to deal effectively with the rapid growth in motor vehicle traffic and related environmental and health problems, including climate change, according to a new report by the Transport Research Laboratory released at Fifth Regional EST Forum in Asia by the Institute for Transportation and Development Policy (ITDP) and the Partnership for Sustainable Low Carbon Transport.

Global Bioenergies obtains €4.4M loan to complete financing of demo plant, begins construction

Green Car Congress

Global Bioenergies, a startup developing and commercializing a fermentation process that targets gaseous isobutene, has obtained a €4.4-million (US$4.7-million) loan from a consortium of four French banks—BNP Paribas, Société Genéralé, CIC and Bpifrance—to complete the financing of its demo plant. This new financing will cover the purchase of a complete fermentation unit, comprising an inoculation fermenter, a propagation fermenter, and a 5,000L production fermenter.

2015 71

Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. Canada-based Enerkem Inc.,

2018 95

BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4

2019 88

Mercom Capital: VC funding for battery storage companies up 139% YoY in 1H 2019 to $1.4B; led by Northvolt financing

Green Car Congress

Announced debt and public market financing activity in the first half of 2019 ($547 million in five deals) was 275% higher compared to the first half of 2018 when $146 million was raised in six deals. Total corporate funding (including venture capital funding, public market, and debt financing) for battery storage, smart grid, and efficiency companies in 1H 2019 was flat with $2.3 VC funding in Battery Storage companies in 1H 2019 was up by 139% with $1.4

2019 74

ADEME awarding €3.1M to Global Bioenergies and IBN-One plant project

Green Car Congress

Global Bioenergies will soon be receiving €2.6 Financing a first of its kind plant, based on an innovative technology is always a challenge. —Marc Delcourt, CEO of Global Bioenergies. Global Bioenergies and Cristal Union created the joint venture IBN-One.

2019 101

Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

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.

Pew: global clean energy investment reached record $243B in 2010

Green Car Congress

Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. billion in clean energy financing last year, improving its global standing to fourth, from eighth in 2009. Public market financing grew 27% to $15.9

2010 105

SG Biofuels completes $17M Series B financing

Green Car Congress

SGB), a bioenergy crop company developing elite hybrid seeds of Jatropha as a low-cost feedstock for biodiesel, biojet fuel and specialty chemicals, has completed a $17-million Series B financing led by Thomas, McNerney & Partners with participation from Finistere Ventures and current investors Flint Hills Resources, LLC and Life Technologies Corporation. SGB will use the proceeds to expand research and development, advance commercialization efforts and scale global operations.

GE Capital to provide financing for electric motorcycle maker Brammo

Green Car Congress

GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products. This type of arrangement, also known as floorplan financing, allows dealers to stock, market and sell a wide variety of motorcycles and related products from manufacturers.

“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. Financing Project VGV: the Green Redemption Fund.

2013 140

Algenol closes on additional $25M internal equity financing

Green Car Congress

With this investment, more than $260 million dollars have been invested in and granted to Algenol from BioFields and Reliance Industries, a Fortune Global 500 company based in Mumbai, India, as well as the US Department of Energy and Lee County, Florida. Algal fuels producer Algenol has closed on a $25-million dollar investment from BioFields, a Mexican business group devoted to the development of renewable and clean energy projects.

2015 71

Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

Green Car Congress

Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Investors in the round included Mitsui Global Investment, VenturEast and a strategic OEM partner along with its existing investors Bessemer Venture Partners, New Enterprise Associates and Infield Capital.

2014 96

Better Place closes $200M Series C financing; valuation now $2.25B

Green Car Congress

Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25 billion (post money valuation on a fully diluted basis) since the last financing in January 2010.

130 banks holding US$47 trillion in assets commit to climate action and sustainability; 1/3 of global banking sector

Green Car Congress

Leading banks and the United Nations on Sunday launched the Principles for Responsible Banking , with 130 banks collectively holding US$ 47 trillion in assets—one third of the global banking sector—signed up.

2019 106

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

Green Car Congress

It was established to provide a global standard and validation and verification program for voluntary greenhouse gas offsets. Grütter Consulting is a leading advisory firm on carbon finance and transport with activities worldwide. Five out of seven approved UNFCCC methodologies for the transport sector have been developed by the consultancy and around 80% of all carbon finance transport projects in the regulated and voluntary carbon markets have been developed by the company.

2010 71

National Electric Vehicle Sweden halts production while it sorts out financing

Green Car Congress

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. This development will be done in cooperation with other global OEMs. The objective is to add significant resources to the development of Saab as a global premium car brand name.

2014 78

CO2-to-chemicals company Liquid Light raises $15M Series B financing; process scale-up and application validation

Green Car Congress

Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation. The new financing will be used to complete process development at pilot scale, providing the information needed for further scale up to a tons-per-day plant.

2014 76

Green Biologics secures $76M in financing; repurposing MN ethanol plant for n-butanol and acetone

Green Car Congress

In addition to the $42-million internal equity round, an additional $34 million in funding was raised predominantly in debt financing from Tennenbaum Capital Partners (TCP), along with equity and debt investment rolled over by existing members of Central MN Ethanol Co-op LLC (CMEC) in Central MN Renewables LLC (CMR), a US affiliate of GBL. Green Biologics (GBL) closed an internal follow-on equity round of $42 million co-led by Swire Pacific Limited and Sofinnova Partners.

2015 76

Audi partner Joule announces its CO2-recycled ethanol meets US and Euro specs; $40M financing

Green Car Congress

Joule’s CO 2 -derived ethanol will address a global biofuels market of approximately 1.9 New financing. Joule also announced the closing of $40 million in private equity and venture debt financing, supporting the company’s growth towards commercialization.

2015 76

Bio- and jet-fuel carinata feedstock company Agrisoma closes $15.4M Series B financing

Green Car Congress

Agrisoma Biosciences, an agricultural company that has commercialized carinata, a non-food oilseed crop designed for sustainable production of biofuels, has closed a $15.4-million Series B financing round, co-led by new investor Groupe Lune Rouge and current investors Cycle Capital Management, and BDC Venture Capital. This Series B round is used to support the global expansion of Agrisoma’s business.

2017 60

Fuji Electric to offer zero-down, zero-interest financing program for fast charging stations in US

Green Car Congress

to offer Financing Programs on their DC Quick Charging Stations for Electric Vehicles. The program offers zero-down, zero-interest financing in an effort to offset the cost of equipment and encourage small businesses to install charging stations at their sites. With more than 400 units deployed worldwide, the global manufacturer entered the US market in March 2012. Fuji Electric Corp. of America has partnered with Union Bank and Marlin Leasing Corp.

2013 74

Electrovaya completes C$5M financing; new Office of Chairman

Green Car Congress

completed a financing for C$5 million (US$4.96 This financing provides valuable working capital for future growth, including certain strategic initiatives. As the global growth in lithium ion batteries for transportation and energy storage applications. of the Institute of International Finance, a global association of financial institutions based in Washington, DC. Canada-based Li-ion battery maker Electrovaya Inc. million).

Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

Green Car Congress

million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Daniel Hancock, retired vice president, global powertrain engineering, who spent more than four decades at General Motors Co. Achates Power, Inc., the developer of a family of two-stroke compression-ignition opposed-piston engines ( earlier post ), has finalized $35.2

2013 81

Waste-to-biofuels company Enerkem raised C$50 million in latest financing round

Green Car Congress

recently closed a C$50-million (US$47.6-million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 As part of this financing, institutional fund Investissement Québec joins existing investors Waste Management of Canada, Rho Ventures, Braemar Energy Ventures, The Westly Group, Cycle Capital, Fonds de solidarité FTQ and Fondaction, which each increased their investment in Enerkem with this new equity financing round.

2013 74

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewables account for approximately 10-15% of the global energy infrastructure investment and according to New Energy Finance renewables have been hit hard by the global recession with a 47% in Q1 2009 vs. Q1 2008 ($13.3 by Bill Cooke.

IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020. New financing has also been announced to eliminate high emissions vehicles in key regions which should give some support to boost to truck sales, all else being equal.

2020 70

Fisker secures $100+ M in initial closing of new equity financing

Green Car Congress

Fisker Automotive has completed the initial closing of its current equity financing, representing in excess of $100 million of new funding. This initial closing will provide the company with funding for continued product development, market expansion and a new global marketing campaign for the Fisker Karma extended range electric vehicle.

Karma 78

Renault Enters Two New EV Partnerships with Global Financing and Fleet Management Companies

Green Car Congress

Renault has entered two new EV partnerships: one with Arval, a BNP Paribas subsidiary; the other with ALD Automotive, a global provider of financing and vehicle fleet management services. Arval is a major player in multi-brand full service leasing and corporate fleet management, with 602,000 vehicles leased and 688,000 vehicles managed in 22 countries at the end of 2008. Arval will work with Renault by setting up specific new leasing offers adapted to the electric vehicles.

2009 60

Praj Industries and Qteros partner to accelerate global commercialization of cellulosic ethanol; Qteros closes Series C financing tranche

Green Car Congress

Qteros also announced that it has closed the initial tranche in its Series C financing. The completion of this $22M financing is expected to provide sufficient funding to accelerate its development and commercialization plans. An optimized and streamlined consolidated bioprocessing platform offers the potential to provide important production cost efficiencies and economic returns to global ethanol producers. India-based Praj Industries Limited and Qteros, Inc.,

2011 64

IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

Green Car Congress

Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review.

2019 91

SolarCity and Honda to finance $50M more in solar projects for Honda and Acura customers and dealerships

Green Car Congress

SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US. The $50-million fund is a follow-up to a $65-million fund the companies created in 2013. Earlier post.)

2014 76

Global geothermal industry passes 12,000 MW operational

Green Car Congress

The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

2013 102

EIB to Contribute Up to €300M in Financing to Valeo for €645M Fuel Consumption and Emissions Reduction Projects

Green Car Congress

The European Investment Bank (EIB) will grant financing 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. It is also important to support RDI (Research, Development and Innovation) projects with tailor-made financial products as under the EIB/European Commission’s Risk Sharing Finance Facility ”. Tags: Europe Financing Policy Vehicle Manufacturers

Solazyme Raises $52M in Series D Financing Round

Green Car Congress

a renewable oil production and algal biotechnology company, announced that it has raised $52 million in its Series D financing round. We are executing against multiple partnerships with global industry leaders and the US Department of Defense on a rapid path to commercialization. Solazyme, Inc., Solazyme uses microbial fermentation to produce renewable oil that can be used for clean and scalable fuels, chemicals, nutritional food ingredients and health and wellness products.

DPG and EPEC Biofuels Holdings LLC Form JV to Finance Sorghum Ethanol and Other Biofuels Projects; Up To $376M for Sorghum Ethanol Project Financing

Green Car Congress

a sweet sorghum ethanol company, to form a platform finance company which will provide project financing for EPEC and select financing initiatives in the biofuels and renewable energy sectors. According to the joint venture agreement between the parties, DPG and EPEC have created EPEC Finance, LLC which has been granted the exclusive rights to fund up to $376 million of project financing for EPEC.

2009 68

The Further Adventures of The Solangelist

Creative Greenius

So, it’s kind of hard to fulfill my global destiny as the pied piper of solar energy, the impassioned Solangelist preaching from my SunPowered pulpit at the big renewable revival meeting when my rooftop is still covering with nothing but asphalt shingles and raccoon scat.

2008 130

Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

Green Car Congress

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

2018 82

Elevance Renewable Sciences raises $100M in Series C Financing; Total Energy Ventures joins in

Green Car Congress

which is commercializing olefin metathesis technology for renewable fuels and chemicals, has raised $100 million in its Series C financing round. Earlier this year, Elevance entered into an agreement to form a joint venture with Wilmar International Limited (Wilmar), one of the largest global agribusiness groups, to construct a biorefinery based on olefin metathesis technology for the production of high-value performance chemicals, advanced biofuels and oleochemicals from renewable oils.

2010 74

Global Bioenergies completes private placement of approximately €10.25M

Green Car Congress

Global Bioenergies, the developer of a process to convert renewable resources into hydrocarbons through fermentation, has completed a private placement with qualified French and international investors. The proceeds will be used to complete the development and the industrialisation of the isobutene process, finance the detailed engineering studies of the IBN-One plant, launch the commercial roll-out and further diversify the raw materials available to the process.

2017 60

Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

Green Car Congress

million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). Bloomberg New Energy Finance estimates that in 2011, the GM Volt will be targeting an addressable market of 7% of total US auto sales, and the Nissan Leaf 11%. Rises in electricity prices do not affect sales as severely, Bloomberg New Energy Finance concludes, as fuel costs are a lower proportion of the total cost of ownership for electric vehicles.

2010 95