Algenol closes on additional $25M internal equity financing

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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 174

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

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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.


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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

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Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. In total, an amount in the low nine-figure USD range is flowing into HIF Global LLC.

Chile 217

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

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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 217

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

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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 234

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

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Green Biologics (GBL) closed an internal follow-on equity round of $42 million co-led by Swire Pacific Limited and Sofinnova Partners. 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.

2015 186

National Electric Vehicle Sweden halts production while it sorts out financing

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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. NEVS recently signed a frame agreement with a major international automotive OEM regarding the cooperation in product development of the future platform.

2014 191

IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.

2020 287

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

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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 150

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

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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.

2010 186

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

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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. overseeing all powertrain technologies, as well as the 2014 Society of Automotive Engineers (SAE International) presidential nominee. Achates Power, Inc.,

2013 200

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

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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.

Global geothermal industry passes 12,000 MW operational

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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). The international geothermal power industry is poised to place between 500 and 1,000 MW on line per year for the rest of the decade, said GEA.

2013 254

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

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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

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

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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 180

ExxonMobil to buy 2.5M barrels of renewable diesel per year for 5 years from Global Clean Energy

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ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 As background, globally, in 2019, ExxonMobil sold some 1.9 The renewable diesel will be sourced from a refinery acquired by Global Clean Energy in Bakersfield, California, which is being retooled to produce renewable diesel from Global Clean Energy’s patented varieties of camelina, a fallow land crop that does not displace food crops, and other non-petroleum feedstocks.

2020 167

Global Bioenergies completes private placement of approximately €10.25M

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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 150

Worldwatch: Fossil fuel subsidies continue to outweigh those for renewable energy; international pledges on reform unfulfilled

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Although independent reporting on these subsidies has increased, global efforts to move forward with subsidy reform have been hindered by a variety of causes, leaving international pledges unfulfilled. of the GDP for 2011–12, according to the International Institute for Sustainable Development’s Global Subsidies Initiative ( GSI ). GSI, in collaboration with the National Institute for Public Finance and Policy (NIPFP) and The Energy Resource Institute.

2012 252

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

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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. Global energy investment totalled more than US$1.8 However, the poorest regions of the world, such as sub-Saharan Africa, face persistent financing risks.

2019 172

Global Bioenergies receives 13 LOIs for purchases covering the capacity of its renewable isobutene and derivatives plant

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Global Bioenergies has received 13 letters of intent from French and international industrial leaders for purchases totaling 49,000 to 64,000 tons of isobutene and derivatives annually. The internal return rate (IRR) is around 18% in our base case scenario, well above average for industrial projects. The investment bank Vulcain is assisting IBN-One in putting together the financing package and identifying financial partners for the project.

2018 183

Digital Currency and Trade Systems Are Tearing up the Rules

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The next big thing in global commerce is "trust chain" digital platforms. There is an urgent need to formulate a new international modus operandi with a new digital governance system. Blockchain China Finance Encryption

GM Board Recommends Selling Majority Stake in Opel/Vauxhall to Magna International/Sberbank; Opel/Vauxhall to Remain Part of GM Global Product Development

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Ending what had extended into a longer-than-expected process of deliberation and negotiations, the Board of General Motors announced its support for a bid from the consortium of Magna International Inc. The agreement will keep Opel/Vauxhall a fully integrated part of GM’s global product development organization, allowing all parties to benefit from the exchange of technology and engineering resources.

2009 159

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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Due to the strategy to focus predominantly on China in both the immediate and longer term, the company is reallocating its global resources. Details are still being finalized; however, the team in Westborough will maintain responsibility for intellectual property development, research and development, global customer support, sales and business development and partnerships with advanced research organizations in the Boston area. Boston-Power, Inc.,

2011 174

Finnish electric powertrain company Visedo raises €20M to support global expansion; SRPM technology

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Visedo, a Finnish manufacturer specializing in electric powertrains and components, has secured a financing package of €20 million (US$21 million) to support its international growth plans. The financing consists of an equity investment of €13.5 Visedo has a broad, international client base, with exports to Europe and Asia representing 90% of its sales.

2016 159

Hydro fully acquires Sapa to create a global aluminum company fully integrated across value chain and markets

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The combination will make Hydro the only global company in the aluminum industry that is fully integrated across the value chain and markets. Sapa will enable us to assume global leadership, establish a platform for growth, and provide responsible operations and sustainable solutions for the future low-carbon economy.” Following the transaction, Hydro will become a global, integrated aluminum company with more than 35,000 employees, and activities in around 40 countries.

2017 150

China’s leading mobile taxi booking app secures $600M from SoftBank Group, Alibaba Group and Tiger Global

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SIMI), and Alibaba Group Holding Limited announced an agreement under which SoftBank Group (further described below) led a financing round of approximately US$600 million, with participation from existing shareholders Alibaba Group and Tiger Global, to expand and improve KuaiDi Dache’s services in China. The latest available data provided by Beijing-based consultancy firm Analysys International in November 2014 showed Kuaidi Dache leading the industry with a 54.4%

2015 203

Electric vehicles trends in India

Electric Vehicles India

The global electric vehicle market size was USD 246.70 billion in 2020.The global electric vehicle market was valued at $162.34 It has already given five electric buses to one of the airlines for internal operations. Electric vehicles trends in India.

India 73

Global companies form below50 to scale up low-carbon sustainable fuels; Audi in from automotive sector

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Global companies are partnering with the World Business Council for Sustainable Development (WBCSD), Roundtable for Sustainable Biomaterials (RSB) and Sustainable Energy for All (SE4ALL) in a new global initiative called below50 , to promote the best-of-breed of sustainable fuels that can achieve significant carbon reductions, and to scale-up their development and use. The initiative was launched last week at the LCTPi5 global roundtable in San Francisco.

2016 150

Ford, Huayou Cobalt, IBM, LG Chem, RCS Global launch blockchain pilot to address concerns in strategic mineral supply chains; cobalt to start

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Ford Motor Company, Huayou Cobalt, IBM, LG Chem and RCS Global will use blockchain technology to trace and validate ethically sourced minerals in an effort to support human rights and environmental protection while helping infuse more transparency into global mineral supply chains. We remain committed to transparency across our global supply chain. —Lisa Drake, vice president, global purchasing and powertrain operations, Ford Motor Company.

2019 167

Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

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During 2014, the global plug-in electric vehicle (PEV) industry is poised to grow by 86% and will surpass more than 346,000 new vehicles sold, according to a new white paper—“ Electric Vehicles: 10 Predictions for 2014 ”—published by Navigant Research. This would bring the global total of PEVs on the road to more than 700,000 by the end of the year, according to the firm’s calculations.

2014 278

UNEP and partners launch Global Initiative for Resource-Efficient Cities; role of public transport

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In such a rapidly urbanizing world, cities are increasingly becoming the focus of international sustainability efforts. Launched at the Rio+20 summit in Brazil, the Global Initiative for Resource-Efficient Cities is intended to work with local and national governments, the private sector and civil society groups to promote energy efficient buildings, efficient water use, sustainable waste management and other activities.

2012 200

BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

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A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be equivalent to nearly 8% of global electricity demand in 2015. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014.

2016 200

Energy ministers agree to help speed up global deployment of carbon capture and storage

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Energy Ministers from around the world have agreed to proposals to help speed up the global deployment of carbon capture and storage. The World Resources Institute released a report titled CCS Demonstrations in Developing Countries: Priorities for a Financing Mechanism for Carbon Dioxide Capture and Storage.

2011 180

Global aerospace study finds fuel costs continue as major airline concern

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Airline executives continue to express concern about rising fuel costs, according to a new global aerospace study released today by CIT Group Inc., a leader in transportation finance. The research report, “2011 Global Aerospace Outlook—Challenges of an Ever-Changing Industry,” prepared in association with Forbes Insights, gathered the views of more than 130 senior airline executives from around the world with fleets of 25 or more jet aircraft.

2011 174

Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change. Climate change presents major long-term risks to the global economy and to the assets in which we invest. —2011 Global Investor Statement on Climate Change.

PSA Group and Dongfeng Motors to design electric version of Common Modular Platform; global B- and C-segment EVs from 2019

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Key elements of the initial agreement were a project to develop jointly a common B- and C-segment global platform and to create a joint R&D center based in Shanghai dedicated to developing products and technologies for fast-growing Asian markets. PSA Group and DFM also signed a framework Human Resources agreement designed to increase synergies to develop talent internationally.

2016 150

New Chrysler Group LLC and Fiat Finalize Global Strategic Alliance; New Global Brand-Focused Structure

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With the US Supreme Court yesterday clearing the final potential obstacle, Chrysler Group LLC and Fiat Group finalized their previously announced global strategic alliance, forming the “new" Chrysler. As previously announced, Chrysler has entered into an agreement with GMAC Financial Services to provide automotive financing products and services to the Company’s North American (NAFTA) dealers and customers.

2009 150

IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Global landscape of renewable energy finance in 2017-2018.

2020 291

IEA/OECD Report Concludes Nuclear Power Could Provide 24% of Global Electricity by 2050

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Almost one-quarter of global electricity could be generated from nuclear power by 2050, making a major contribution to cutting greenhouse gas emissions, according to the Nuclear Energy Technology Roadmap, published by the International Energy Agency (IEA) and the OECD Nuclear Energy Agency (NEA). Nuclear generating capacity worldwide is presently 370 gigawatts electrical (GWe), providing 14% of global electricity.

2010 180

EVs predicted to gain market share, despite 18% sales drop in 2020

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Electric-car sales will decrease in 2020 due to the global coronavirus pandemic, but not as much as sales of internal-combustion vehicles. That's among the top-level predictions from an annual Bloomberg New Energy Finance report released Wednesday.

2020 119

Germany and Australia to establish alliance on green hydrogen supply chain

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Among other things, we will promote the production of hydrogen on an industrial scale in Australia with German-Australian ‘Hydrogen Hubs’ using German technology and explore possibilities for cooperation within the framework of our new international funding instrument ‘H2-Global’. Co-financing of an AUS-DEU H 2 incubator for applied research. Co-financing of “HydrogenHubs”.

UN report finds world needs incremental $1.9 trillion invested in green technologies to avert planetary catastrophe; global per capita cap on primary energy consumption of 70 GJ/yr may be required

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Given the limited time frame for achieving the required technological transformation, the required global level of green investments would need to be reached within the next few years, according to The World Economic and Social Survey 2011: The Great Green Technological Transformation , published by the UN Department of Economic and Social Affairs (DESA). A comprehensive global energy transition is urgently needed in order to avert a major planetary catastrophe.

2011 271

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

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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.