ClearFlame Engine Technologies secures $17M in Series A financing

Green Car Congress

ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors. The financing was led by Breakthrough Energy Ventures with participation from Mercuria, John Deere and Clean Energy Ventures.

Vancouver-based Ceylon Graphite granted industrial mining licence for M1 mining project in Sri Lanka

Green Car Congress

The Licence grants exclusive rights to mine graphite from within the M1 mining area. The Government of Sri Lanka granted the company’s wholly owned subsidiary Sarcon Development (Pvt) Ltd. Vancouver-based Ceylon Graphite Corp.

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EV Grants slashed overnight

EV Info

On March 18th with no warning or discussion the EV grants used to help finance an EV or Plug in were removed, Plug-in car grant drops from £3k to £2.5k. Since the announcement a number of EV manufactures have either increased their own finance offer or reduced their pricing. . The post EV Grants slashed overnight appeared first on EV Info - Electric Car News and Reviews. EV News Finance and grants

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Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Porsche dominates the luxury car finance industry in the neighbouring eastern European countries of Hungary, Ukraine and Romania. Forza – Car Finance Map of Europe Infogram.

New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

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Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”.

2020 212

EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

The grant will fund the development of a fintech platform to empower EV buyers to save up to $200/month on electric vehicle loans. This new CalSEED grant will fund the development of an EV Climate Loan platform.

2020 83

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 232

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.

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 183

BMW expects to have solid-state battery in a demonstrator vehicle well before 2025; IPCEI grants

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Bavaria is supporting this IPCEI project from BMW with co-financing in order to secure added value in a central high-tech field with great future potential. In March, BMW presented the Neue Klasse generation of vehicles, to be launched by the middle of this decade, which will be clearly focused on all-electric drivetrains. For the Neue Klasse, the BMW Group is developing the next generation of its battery technology. Earlier post.).

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

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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 188

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

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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 183

DOE pulls grant funding from BlueFire Renewables cellulosic biofuels plant

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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 190

Tesla Model 3 revealed as having the highest EV sales volume worldwide

EV Info

Just last week our Government cut the EV grant by £500 and now excludes EVs that cost more than £35,000. A report from Uswitch has revealed tono great surprise that the Tesla Model 3 achieves the highest sales volume worldwide, a model that will now be excluded from the grant as it costs more than £35,000. EV News Finance and grants Sales and marketing

EU grants €161.3M to support 26 transportation infrastructure projects

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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 195

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

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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 150

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.

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.

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

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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 190

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

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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 174

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 ”.

2009 150

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.

2011 183

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

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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 200

PEUGEOT charges ahead with revised pricing and finance offers for PEUGEOT e-2008 and e-208

Drive EV

With revised pricing for all e-2008 models and enhanced deposit contributions for the e-208 range, Peugoet is latest manufacturer to respond to the recent overhaul of the UK Government’s Plug-in Car Grant.

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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.

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 195

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 [.].

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

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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.

2018 174

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 150

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

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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.,

2010 183

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

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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.

2011 174

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

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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 150

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. Without Exxon Mobil’s funding of the financing bonds the program would not have had the money to offer loans in Torrance. So what about Exxon/Mobil’s funding of the solar financing bond?

2009 150

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 200

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

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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 183

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 190

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.

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.

2011 183

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 150

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 249

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 163

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 207