Electric bus maker Proterra completes $55M strategic financing

Green Car Congress

Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. In addition, the Hercules debt facility expands Proterra’s access to working capital, a critical component of growth financing as production volume increases.

2015 91

Park City Transit deploying six Proterra electric buses; battery-lease financing model

Green Car Congress

The Park City region deployment not only marks the first battery-electric transit fleet for Utah and the nationwide mountain resort industry, it also represents the first implementation of Proterra’s battery-lease financing model—i.e., Park City Transit received financing for the six Proterra buses through an extremely competitive Low-No Emissions Grant with the US Department of Transportation, Federal Transit Administration (FTA).

2017 68

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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.

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.

Mitsubishi lines up finance deals for electric model

Green Cars News

Mitsubishi has confirmed finance offers for its newly available electric car model, the i-MiEV, as Government grants for electric cars come available to UK buyers. Mitsubishi Contract Hire electric car ev finance residualThe Japanese car maker, one of the first to retail a fully electric car in the UK, is offering the new electric car for £399 per month on 48 month [.].

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

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

DOE pulls grant funding from BlueFire Renewables cellulosic biofuels plant

Green Car Congress

a developers of a cellulosic waste facility in Fulton, Mississippi (earlier post) received notice on 23 December that the US Department of Energy (DOE) would no longer provide funding under the company’s DOE grant due to the company’s inability to comply with certain deadlines related to providing certain information to the DOE with respect to future financing arrangements for the Fulton Project. BlueFire Renewables, Inc.,

2014 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.

True Zero expands its hydrogen station network with $26.6M in grants from the California Energy Commission

Green Car Congress

Last week True Zero, the retail brand of hydrogen stations developed, owned, and operated by FirstElement Fuel, was selected by the California Energy Commission to build 12 new hydrogen stations in the Commission’s latest round of grant awards to help build out California’s retail hydrogen network. million to the California-based company, including grants for capital cost share and operation and maintenance support for the 12 new stations.

2017 60

EU grants €161.3M to support 26 transportation infrastructure projects

Green Car Congress

million (US$211 million) in EU co-financing from the trans-European transport network (TEN-T) program ( earlier post ) to continue improving transport infrastructure across the EU. The 2011 Multi-Annual Programme Call granted €161.3 The grants will also help to mobilize substantial public and private financing. The European Commission has selected 26 projects to receive €161.3

2012 76

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 ”.

Pennsylvania awards $3M+ in 33 incentive grants for alternative fuel vehicles

Green Car Congress

Pennsylvania has awarded more than $3 million in Fuel Incentive Grants (AFIG) to 33 companies, counties and organizations making the switch to compressed natural gas (CNG), liquefied natural gas (LNG), or propane for medium to light-weight fleet vehicles. The awarded AFIG grants will help pay for the conversion or purchase of 351 natural gas vehicles and 337 propane vehicles weighing less than 14,000 pounds. This year, AFIG grants focused on medium- to light-weight vehicles.

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

Ceres awarded Brazil government loan and grant to enhance sorghum and sugarcane development programs

Green Car Congress

million, in the form of non-repayable grants to be drawn over four years. Ceres expects to complete the application and grant award process by the end of calendar year 2014. The PAISS project is jointly managed by Brazil’s national development bank, BNDES, and by the government’s research financing agency, FINEP. Ceres was one of only five organizations to be selected for both a loan and a grant. Ceres, Inc. ,

2014 74

Hydro-Québec grants an exploitation license and partners with Nouveau Monde Graphite to develop materials for Li-ion batteries

Green Car Congress

NMG’s financing. Hydro-Québec (HQ) and Nouveau Monde Graphite (NMG) have signed a license and a research and development agreements respecting the processing of graphite for use in lithium-ion batteries. The partners hope that this collaboration will enable NMG to commercialize battery material technologies developed by HQ over the past 30 years.

NMG 69

Obamas budget proposes terminating Diesel Emissions Reduction Act grant program

Green Car Congress

Among the many program terminations, reductions and savings outlined today in the president’s budget is the proposed termination of the US Environmental Protection Agency’s Diesel Emissions Reduction Act grant program. The budget justification declares that the grant program has largely succeeded: with the $469 million appropriated by the Congress from 2008-2010, the program has produced tangible reductions in NO x and PM emissions.

Obama 71

American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. The motion was previously granted Court approval, on an interim basis, on 7 November. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC).

2012 76

Global Bioenergies secures a €5.7M grant to proceed with its second industrial pilot in Germany

Green Car Congress

This new pilot plant, to be supported by the German Federal Ministry of Education and Research (BMBF) through a €5.7-million (US$7.7-million) grant, should include a three-year study at the Fraunhofer Center for Chemical-Biotechnological Processes (CBP). The company’s German subsidiary, Global Bioenergies GmbH, located in the Bio-City building in Leipzig, was awarded the €5.7-million grant from the BMBF within the “BioEconomy Cluster” framework.

2013 78

Li-ion Startup Sakti3 Raises $7 Million in Series B Financing

Green Car Congress

an Ann Arbor-based developer of next-generation lithium-ion batteries ( earlier post ), has completed a $7-million Series B round of financing. Sakti3 was awarded a $3 million grant from The Michigan Economic Development Corporation (MEDC) in 2009 and has been designated as a State of Michigan Center of Energy Excellence (CoEE) in partnership with the University of Michigan. Sakti3, Inc.,

Pennsylvania DEP awards nearly $517,000 in clean diesel grants

Green Car Congress

The Pennsylvania Department of Environmental Protection (PA DEP) awarded $516,637 in clean diesel grants to four organizations. Each of the four recipients will match a percentage of the grant amount with their own funds to purchase compressed natural gas-powered vehicles; retrofit diesel engines with cleaner technology; replace older, more polluting diesel buses with cleaner diesel buses; or purchase hybrid electric-powered buses.

Global Bioenergies obtains a €400K grant from BMBF to produce renewable gasoline additives; Audi to use for engine testing

Green Car Congress

France-based Global Bioenergies announced that its German subsidiary, Global Bioenergies GmbH, secured a €400,000 (US$446,000) grant from the BMBF (the German federal ministry for research and education) to finance a 14-month-project aimed at producing renewable gasoline additives.

2016 60

INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

Green Car Congress

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 is the first large-scale advanced bioenergy project in the United States to finalize its financing in the latest round under the USDA government program to commercialize biorefinery technology.

EPA Awards $20M in Recovery Act Funding for Clean Diesel Finance Program

Green Car Congress

The US Environmental Protection Agency (EPA) announced three recovery act grants totaling $20 million in funding for the SmartWay Clean Diesel Finance Program. These recovery act grants will fund the purchase of new, cleaner or retrofitted vehicles and equipment. Overall, the recovery act allotted $300 million for the National Clean Diesel Campaign, $30 million of which will fund SmartWay Clean Diesel Finance Program grants.

2009 60

A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 We are pleased that the Court has granted A123 interim approval for the DIP financing agreement. Li-ion maker A123 Systems, Inc.

2012 78

Mascoma and Valero establish JV for commercial-scale hardwood cellulosic ethanol facility; Valero providing majority of financing

Green Car Congress

These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan. Mascoma will contribute the proceeds from its DOE cooperative agreement award and its State of Michigan grant to the joint venture, while Valero will provide additional financing required to develop the Kinross facility.

2011 74

Fulcrum BioEnergy demonstrates integrated process to convert MSW to jet and diesel; $4.7M DoD grant to begin plant engineering

Green Car Congress

DoD grant. Fulcrum also announced that it has been awarded a $4.7-million grant by the US Department of Defense (DoD) to begin engineering and development on a plant to produce jet fuel. Fulcrum will match this DoD grant with $4.7 In 2012, the US Department of Agriculture (USDA) announced a $105-million loan guarantee to Fulcrum Sierra BioFuels, LLC to finance development of a facility to convert municipal solid waste into advanced biofuels. Fulcrum BioEnergy, Inc.

2013 71

US Treasury To Provide Up To $5B in Financing For Auto Supplier Support

Green Car Congress

While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers. If granted, the supplier will pay a small fee for the right to participate in the program. The Treasury Department has made available up to $5 billion in financing under this program.

2009 60

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

Green Car Congress

Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. Boston-Power, Inc., a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China.

Accelergy Receives Grant from Pennsylvania for Feasibility Study on Coal-Biomass-to-Liquids

Green Car Congress

Accelergy Corporation recently was awarded an alternative and clean energy program grant from the Pennsylvania Commonwealth Financing Authority to fund a feasibility study to evaluate the viability of the company’s integrated Coal-Biomass-to-Liquids (CBTL) process with the assistance of Raytheon Company and Carbon Cycle Technology Alliance partner A2BE CarbonCapture, LLC. A $175,000 grant will be used for the site selection and analysis process for this facility.

BIO Calls for a Range of Policies to Support US Biorefinery Commercialization; Need For Federal Support in Financing

Green Car Congress

and Myriant Technologies—noted that while their technologies were proceeding to the commercial stage, private sector financing is still basically on the sidelines, and Federal support in terms of policy and financing is still critical. some point the greed factor starts to set in, and we are seeing more interest coming [from private sector financing] because of the returns that these projects can deliver. They are loans, not grants, not handouts.

2010 64

A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business. A123 Systems has been the recipient of a number of state and federal grants and tax incentives. million of this grant in March 2009 and $6.0

2012 99

Accelergy awarded $1.3M grant for pilot Coal-Biomass-to-Liquids plant in Pennsylvania; algae-based carbon capture

Green Car Congress

Accelergy Corporation has received a $1.3-million grant from the Commonwealth of Pennsylvania to move forward on the construction of a facility to demonstrate its integrated coal-biomass-to-liquids (CBTL) technology platform ( earlier post ) at Intertek PARC, located at the U-PARC facility in Pittsburgh. Previously, Accelergy was awarded a $175,000 grant to conduct a feasibility study and determine the facility’s location.

NSF to award up to $13M for fundamental work on sustainable production of electricity and transportation fuels

Green Car Congress

The US National Science Foundation (NSF) has issued a grants opportunity notice ( PD-14-7644 ) for up to about $13 million in awards to fundamental research and education that will enable innovative processes for the sustainable production of electricity and transportation fuels. Batteries Biomass Financing Fuels Power Generation

2013 81

Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. The economic impact of a General Motors or Chrysler bankruptcy is being debated across the country.

2009 60

ClearFuels Adds BNP Paribas to Commercial Development Team for BTL Diesel and Jet Fuel Biorefineries

Green Car Congress

has executed a letter of engagement with BNP Paribas to act as financial advisor to assist and support ClearFuels in securing senior secured debt financing for its commercial thermochemical Biomass-to-Liquids (BTL) biorefinery projects. The agreement calls for BNP Paribas to assist and support ClearFuels with the analytical work and due diligence regarding ultimate debt financing for ClearFuels’ commercial projects. ClearFuels Technology Inc.

2010 71

Mitsubishi offers i-MiEV from £239 per month

Green Cars News

With nearly 170 i-MiEV electric cars now running on the UK’s roads, Mitsubishi is launching a series of finance and leasing deals to help progress the models uptake with both personal and business users. Priced at £24,045 after deducting a £5000 plug-in car grant, the i-MiEV is now available for as little as £239 per [.]. Mitsubishi deals electric car finance i miev plug-in

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

Green Car Congress

Financing a first of its kind plant, based on an innovative technology is always a challenge. Progress in engineering and forecasted prices for our products now higher than initially anticipated are fueling our optimism regarding the plant’s financing within the new schedule.

2019 101

Australia cuts green car funding in wake of floods

Green Cars News

billion Green Car Innovation Fund will be dropped along with the Cleaner Car Rebate Scheme as part of spending cuts to help finance rebuilding Australia’s flood-affected regions. Green credentials Australia cleaner car fund grants green car Innovation fund rebateAustralia has abolished plans to help develop greener cars and encourage consumer uptake of lower emission vehicles. Prime Minister Julia Gillard has announced that the country’s $1.3

Singapore launches electric-car sharing program using Bollore BlueCars

Green Car Reports

Some of us take for granted the difficulty and cost of owning a car, but more alternatives exist today than did 10 years ago. While many view car ownership as a monthly lease or financing payment, owning a car for others requires finding a place to keep it and perhaps the need to keep moving it around. That's where car sharing comes in. Whether. Paris Car Sharing plug-in cars Battery Electric Vehicle (BEV) Singapore Autolib Bolloré BlueCar BlueIndy

Syzygy raises $5.8M in Series A to develop photocatalytic platform for clean chemical and fuel manufacturing

Green Car Congress

The financing was co-led by The Engine and by The GOOSE Society of Texas. Syzygy Plasmonics , a technology company developing the world’s highest performance photocatalyst, raised $5.8 million in Series A funding. Previous investor Evok Innovations was also a major participant in the round.

2019 153

A Well Earned, Guilt Free #YearOfJoe

Creative Greenius

I began writing my Creative Greenius blog and soon earned press credentials for topics like electric vehicles and financing of renewable energy projects. Ladies and gentlemen your friendly neighborhood Greenius has hit the wall. I am dog tired.

2017 207

FoxNews called out on misinformation about plug-in cars

Plugs and Cars

In reports on FoxNews.com, America's Newsroom, and Your World, Fox News repeatedly advanced misinformation about Department of Energy loans recently granted to Fisker Automotive and Tesla Motors to support development of fuel-efficient vehicles, suggesting that those funds would be ill-spent. Media Matters for America is watching FoxNews so you don't have to.

2009 109