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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. This year, AFIG grants focused on medium- to light-weight vehicles.
The Agency will also launch a grant competition later this year. Eligible recipients are: State or local governmental entities responsible for providing school bus service to one or more public school systems; or for the purchase of school buses. Further Clean School Bus competitions will be run every year over the next five years.
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 Earlier post.).
The Pennsylvania Department of Environmental Protection (PA DEP) awarded $516,637 in clean diesel grants to four organizations. Recent monitoring indicates these counties’ particulate matter levels are meeting the standards, but continuous compliance must occur before EPA will grant an attainment designation.
As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. Under the deal, MONTE will purchase up to 100 ZA600 powertrains to be installed on existing and new Cessna Caravan, DHC-6 Twin Otter, Dornier 228 and HAL-228 aircraft.
American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. 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). Earlier post.) Earlier post.)
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., buy the bus, lease the battery.
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.
The core idea of H2Global is a double-auction model: Hydrogen or hydrogen derivatives are purchased in non-EU countries at the lowest possible price with 10-year contracts via a competitive process. is expected to pay more in purchasing than it can collect through sales. The contracts are processed via the intermediary HINT.CO.
announced that 17 local governments and transit agencies will receive more than $236 million in grants from the Department of Transportation (DOT) to aid the transition to zero-emission buses. billion in new funding for Buses and Bus Facilities formula and competitive grants over five years. ZEB Transition: On-Route Charging Pilot.
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.
This purchase represents an order potential of nearly 800 buses (of which about 200 are in firm order), financed 100% by île-de-France Mobilités (in direct grant or via the contract île-de-France Mobilités – RATP).
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.
In doing so, investors finance—together with the project partners—the development and construction of the water electrolysis plant and the connection to the steel mill, while securing a stable cash flow due to the regular purchase of green hydrogen and oxygen by thyssenkrupp Steel.
ATN was one of 28 California projects selected in 2018 to receive a grant from the Transit and Intercity Rail Capital Program (TIRCP), which provides awards from the Greenhouse Gas Reduction Fund to help finance transformative, reduction-of-emission capital improvements. Each year more than 9.5
has reached agreement with trucking firms to lease or purchase more than 250 new heavy-duty trucks, fueled by its Redeem RNG (renewable natural gas). In addition, truck fleets financed or purchased through Zero Now will be able to purchase Redeem fuel with a fixed discount to diesel at a significant spread.
The existing CVRP program will continue to accept applications while funding remains available. Once funding has been exhausted, the program will close to new applications, and updated information will be available on the CVRP website.
Our experience with the Volvo LIGHTS project was a major factor in NFI’s decision to purchase VNR Electric trucks for our drayage operations. Ten of the trucks are part of the SWITCH-ON project, a grant to Volvo Trucks to deploy battery-electric trucks in Southern California for regional freight distribution and drayage.
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 Federal Transit Administration (FTA) announced the availability of $55 million of Fiscal Year 2016 funds ( FTA-2016-003-TPM ) for the purchase or lease of low or no emission vehicles as well as related equipment or facilities under the Low or No Emission Program (Low-No) Program. Competitive Grant Program (Bus Program).
Total purchase price is a small fraction of the tangible asset value. Financing is planned through debt and grants. Revenue capacity of up to $250 million to $550 million for battery systems with 0.5 Gigawatt hour (GWh) nominal energy storage capacity. Acquiring experienced management team to manage operations and growth.
has executed a securities purchase agreement with its principal shareholder, Ener1 Group, for the purchase of common stock and warrants for $20 million. The financing is expected to close next week. Ener1 Group has purchased 5,665,723 shares of common stock and 2,426,670 million warrants. Li-ion maker ENER1, Inc.
NMG’s financing. Each Unit consists of one common share and one half of one common share purchase warrant. Any new intellectual property developed from this partnership will be jointly owned by HQ and NMG on a 50/50 basis. per unit for an aggregate gross proceeds of $2,000,000.
Any sale would be conditional inter-alia upon negotiation of sale and purchase documentation, a financing by SEVUS, all usual shareholder approvals (including the approval of Tanfield shareholders) and due diligence.
A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.
A cornerstone of CARB’s suite of EV-purchase incentives, the Clean Vehicle Rebate Project (CVRP) is the nation’s largest and longest-running EV incentive program. CVRP offers standard rebates of $1,000 to $4,500 for the purchase or lease of a new eligible plug-in hybrid or zero-emission vehicle.
Transit agencies began submitting their proposals after the FTA announced rules for the Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) grant program as part of the Recovery Act last March. Since President Obama signed ARRA into law in February, grants totaling more than $7.2 The DOT is making $48.1
The Federal Transit Administration (FTA) announced the availability of $55 million of Fiscal Year 2017 funds ( FTA-2017-003-TPM-LowNo ) for the purchase or lease of low- or no-emission vehicles as well as related equipment or facilities (Low-No). million is available under the Continuing Resolution that expires on 28 April 28 2017.
If they dont manufacture cleaner vehicles, they can meet the standards by purchasing credits from manufacturers who do. Because of unique air-quality challenges, California has been granted permission to set more stringent air-quality regulations than the federal governments for over 50 years.
billion financing transaction in exchange for a silicon carbide device capacity corridor. Under the multi-year agreement between BorgWarner and Wolfspeed, BorgWarner will be entitled to purchase up to $650 million of devices annually as BorgWarner requirements increase.
Developed in partnership with Commercial Fleet Financing, the shuttle bus is projected to be delivered in early 2018. The HVIP grant allowed the purchase of the batteries and electric powertrain, providing UCLA an electric shuttle for the same cost as its fossil-fuel counterparts.
The Softbank investment proceeds will therefore be an important component of the equity portion of the project financing as Nemaska continues to work on various complementary financing alternatives, including a USD 300-350 million debt financing and a USD 150-million streaming facility. of the outstanding shares.
The facility, which will be equally financed by Solazyme and Bunge, has been designed to integrate with a new cogeneration unit at the Moema mill, and can be expanded for further production in line with market demand. —Ben Pearcy, Managing Director, Sugar & Bioenergy, and Chief Development Officer, Bunge Limited.
year financing under the Department of Energy’s (DOE) Advanced Technology Vehicle Manufacturing Incentive Program (ATVMIP). Ener1 purchased $21.3 million was financed through capital leases. Ener1 purchased $21.3 million was financed through capital leases. Ener1 has applied for $480 million in 10?-year
There are other related programs that also support consumers considering purchasing or leasing an electric vehicle. The California Clean Fuel Reward program offers all EV purchasers up to $1,500 off the vehicle cost at the point of sale. Additionally, a public work group meeting will be held from 9 a.m.
Group14 has committed to purchase more than $30 million in US steel for the first two BAM-2 modules, buildings and equipment and plans to work with American suppliers to secure necessary components, from asphalt to HVAC systems, to build a more robust domestic energy supply chain.
The purchase funds for Fisker would in theory go directly to the DOE since the government agency loaned the auto company a large sum of money before it stopped production more than a year ago. However, the stipulation is an issue that’s caused other buyers to pull out of purchasing the company.
The parties have entered into a securities purchase agreement and expect to close on the investment on or about 4 August 2023. We believe our recently announced public equity raise, alongside our strategic financing and proposed partnership with Yulho, signifies a transformative moment for Aqua Metals.
To be eligible for the NYSEV-VIF grant, a vehicle must be a new Class 3-8 all-electric vehicle truck or bus. After delivering purchased trucks, Orange EV redeems the voucher incentive. Additionally, with electric trucks, fleets avoid the higher cost to purchase, operate and maintain Tier 4 diesel emission systems.
The Government of Canada will purchase Kinder Morgan’s Trans Mountain Pipeline system and the expansion project (TMEP) for C$4.5 —Bill Morneau, Minister of Finance. On 29 November 2016, the Government of Canada granted approval for the Trans Mountain Expansion Project. billion (US$3.46 Earlier post.) Background.
relating to the purchase of 10,000 fuel cell vehicles, including buses and delivery trucks, all of which are expected to have Ballard’s leading PEM fuel cell technology inside. Ballard has granted Broad-Ocean anti-dilution rights to maintain its 9.9% Broad-Ocean has now expanded this business to include fuel cell vehicles.
The new investment represents the exercise of the maximum additional investment option available to ZMC which was to acquire 117,757 shares at the same price-per-share as the original equity investment granted to ZMC pursuant to the share purchase agreement between ZMC and EEStor dated 30 April 2007.
billion based on visibility from export credit agencies, multilateral development finance institutions and commercial banking partners, exceeding management’s leverage target for the $1.7 In addition, FREYR had $523 million of cash on its balance sheet as of 31 March 2022, and currently has multiple grant applications pending decision.
FREYR Battery announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. Additionally, FREYR intends to apply with the US Department of Energy for packages that could include a grant and/or direct loans to assist with the development of Giga America.
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