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Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

Green Car Congress

million in new financing. The Volvo Cars Tech Fund and Volta Energy Technologies join existing investors Anzu Partners and the University of Minnesota. Niron will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet technology. Background.

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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.

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Mn/DOT assessing potential for mileage-based user fee to replace fuel tax; Battelle conducting technology assessment

Green Car Congress

The Minnesota Department of Transportation (Mn/DOT) will recruit 500 people from Wright and Hennepin counties to take part in research to test technology that could someday be used to collect a mileage-based user fee (MBUF) in lieu of a gasoline tax. —Cory Johnson, project manager.

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Gevo signs definitive supply agreement with HCS Holding for commercial supply of renewable isooctane

Green Car Congress

HCS is a leading global supplier of high-quality hydrocarbon specialty products. The supply agreement contains a selling price that is expected to allow for an appropriate level of return on the capital required to build out Gevo’s existing production facility in Luverne, Minnesota.

Supplies 150
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Gevo and Avfuel enter into renewable jet fuel supply agreement; first long-term commercial supply agreement for Gevo ATJ

Green Car Congress

Avfuel is a leading global supplier of aviation fuel and services to all industry consumer groups, servicing more than 3,000 locations worldwide. Gevo has entered into a long-term agreement to supply its renewable alcohol-to-jet fuel (ATJ) to Avfuel Corporation, effective 1 July 2018.

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IBM’s Fall From World Dominance

Cars That Think

He's currently a senior research fellow at the University of Minnesota's Charles Babbage Institute , where he specializes in the history of technology. Similarly, GE sold off GE Capital for $26 billion after the 2008 finance and banking collapse, which is a far cry from a decade earlier, when it was worth ten times that.

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FedEx and VW EV Plans, Second GM Battery Factory – EV Week in Review: Mar 2 – Mar 8

EV Adoption

For example, by 2025, 50% of FedEx Express global PUD vehicle purchases will be electric, rising to 100% of all purchases by 2030. ” – March 7, Business Insider via Yahoo Finance. FedEx plans to accomplish this through phased programs to replace existing vehicles. – March 5, via FedEx press release.

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