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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. Enacted funding for the program in 2010 was $60 million. In addition, $7.1
The Pennsylvania Department of Environmental Protection (PA DEP) awarded $516,637 in clean diesel grants to four organizations. Berks, Lehigh and Northampton counties are currently designated as non-attainment for federal particulate matter standards. Jennings Transportation Corp.:
The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
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. million dollar cost matching grant from the State of Florida.
Additionally, as a regulated fuel supply entity with CARB, AMPLY supported Tri Delta Transit in monetizing its low-carbon fuel standard (LCFS) credits. This service can also provide debt financing or secure grant funding to reduce capital expenditures and implement resiliency plans as needed.
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. New energy efficiency standards. Earlier post.).
T&E used publicly available information to assess the 50 gigafactories announced in Europe based on their finance and permits, whether they had secured a location, and the companies’ links to the US. Without this expansion, Europe will not be able to satisfy its battery demand in 2030 and will need to import from foreign rivals.
Oregon Governor Ted Kulongoski signed into law a series of bills constituting a climate change package that includes a low carbon fuel standard (LCFS), a B2 mandate, and other transportation-related measures. Authorizes the Environmental Quality Commission (EQC) to develop a low carbon fuel standard that would sunset in 2015.
The water electrolysis system will be installed by thyssenkrupp Uhde Chlorine Engineers’ product division Green Hydrogen and consists of pre-fabricated standard modules. Apart from attracting investors, the project partners will also apply for public funding granted within the scope of state aid for climate-neutral technologies.
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. These services would be directed, in part, to create financing plans for the commercial projects.
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. 2. Green Building & Remodeling. Task Force Funding.
Macquarie’s Specialized and Asset Finance business, part of its Commodities and Global Markets division, will finance the trucks through a lease to the operator. Glovis America, a logistics service provider, will be the fleet operator of these trucks.
In addition to its $300 million loan, ADB is also administering another $105 million loan and grant from the Clean Technology Fund for other Philippine environmental-focused projects. Once the project is completed in December 2017, ADB will have financed upgrades to nearly 2,200 km (1,367 miles) of the network. million.
Improved access to resource data, more efficient drilling processes, increased understanding about the industry’s potential, and improving access to financing are driving expanding interest in the sector. —Pike senior analyst Peter Asmus. Asmus adds that the current installed capacity of 10.7
The so-called mandate that you will hear about refers to a suite of complementary policies comprised of clean vehicle standards as well as incentives, and infrastructure and manufacturing investments to support the transition to cleaner transportation. The clean vehicle standards are NOT an EV mandate. automakers need to change too.
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 ISX12N is certified by California Air Resources Board (CARB) to reduce smog-forming NO x emissions by 90% compared to the current engine standard.
Earlier this year, the Norwegian Maritime Authority and DNV granted preliminary approval for the below-deck system. The solution is based on 200kW hydrogen fuel cells modules and can, for example, be set up with 1,000 kW output from a standard 20-foot-long shipping container. Earlier post.) —Kristian Osnes.
The work to enable this market access and grid support during the heatwave was made possible by the Nuvve-led INVENT project, funded by an EPIC grant from the California Energy Commission (CEC). Leap operates a leading marketplace for grid flexibility focused on Distributed Energy Resources.
The cellulosic ethanol will meet ASTM standards for fuel-grade ethanol, according to the company. Range received a $76-million grant from DOE to help build a 40 MGY wood-based ethanol plant in 2007. In 2008, it raised more than $100 million through an oversubscribed Series B private financing round.
Statoil has granted Songa Offshore a bridge financing for the 20% down payment to DSME that is based on standard market terms and conditions. Further construction costs will be funded from a combination of ongoing cash flows in addition to traditional bank loan financing.
First, the Environmental Protection Agency (EPA) finalized the Renewable Fuel Standard Program (RFS2) rule to implement the long-term renewable fuels standard of 36 billion gallons by 2022 established by Congress and also issued the targets for 2010. Renewable Fuels Standard (RFS2). President Obama. per gallon.
Vouchers and grants are available in some regions for zero-emissions vehicles. Ford’s vehicle warranty covers the base chassis for vehicles with the LightningElectric upfit, and Ford Motor Credit financing is available. Warranty Base Chassis: Ford standard warranty. EV Conversion: Lightning Systems standard warranty.
Industrial innovation will be supported through close-to-market activities such as piloting, demonstration, standardization and technology transfer. billion), mainly through individual grants from the European Research Council (€1.75 billion) of financing for SMEs under the thematic research priorities. billion (US$1.5
The Renewable Fuel Standard (RFS2) in the U.S. Allowing eligible biofuel producers to opt for a grant in lieu of tax credit enabling them to use this support in the early stages, as they may not have tax liability against which to claim the credit for several years after construction begins.
Enerkem GreenField Alberta Biofuels (EGAB) has successfully completed the necessary environmental regulatory process and has been granted a permit to commence construction of a commercial facility to produce biofuels and green chemicals from sorted municipal solid waste in Edmonton, Alberta.
Using standard industrial fermentation equipment, Solazyme can scale and accelerate microalgae’s natural oil production time to just a few days and at commercial levels. Solazyme uses heterotrophic microalgae—i.e., they grow in the dark (in fermenters) by consuming sugars derived from plants that have already harnessed the sun’s energy.
A grant agreement worth a maximum of €4.2 Over the course of the three-year project 200 multi-standard fast charge stations, each of which is capable of offering all the fast charging standards (CSS Combo 2, CHAdeMO or AC charging), will be installed. million (US$4.4
The Carbon Zero project team includes Koch Project Solutions as the EPC, Worley for engineering and technical solutions, Axens for process engineering and technology license, and ATSI serving as owner’s representative, working with our in-house Aemetis technology, development, finance, regulatory, and Global Sales and Trading team members.
Audi AG is offering trade-in bonuses to customers who switch to an Audi with Euro 6 standard from diesel-powered cars with emission standards Euro 1 through Euro 4. The bonuses offered by Audi are aimed at all drivers of diesel cars with the emission standards Euro 1 through Euro 4, regardless of the model or brand.
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. 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.
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.
StormMQ’s innovative machine-to-machine message queuing was designed for banks and finance houses as a secure and cost-effective method of collating and conveying confidential data. It works by storing the data in a network cloud and releasing it in a steady stream, so that the recipient’s server does not get overloaded.
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.
More than 200 participants from the automotive, utilities, energy, technology, government, finance, education and other sectors provided their feedback for the effort. This is already a reality as governments around the world have offered billions of dollars in the form of loans, grants, and rebates through various stimulus programs.
Existing funding for both standard and increased rebates is projected to be fully reserved in the coming weeks. Through the first quarter of 2021, CVRP rebate applications have already exceeded levels seen in early 2020, with substantially higher participation by low- and moderate-income consumers.
The magnitude of these disparities is extraordinary by industry standards and indicate the problem is likely systemic. In its place, automakers establish customer satisfaction performance criteria and reward those dealers that meet or exceed these standards. In contrast, buyers ranked Tesla much more favorably. —Cahill et al.
In this Electric Vehicle Spotlight, we delve into the remarkable specs of the Rivian R1T and show you a strategic financing avenue that can save you money on your electric vehicle purchase. Range and Battery Charging For 2024, the Rivian R1T offers three different battery packs to choose from: Standard, Large, and Max.
The announcement came in conjunction with the EPA’s release of its notice of proposed rulemaking for the Renewable Fuel Standard ( earlier post ), and the Department of Energy’s announcement of $787.5 million in funding to be awarded to advanced biofuels research and commercialization projects ( earlier post ).
Volkswagen also added an entry-level standard trim with a more attractive base price to its lineup, further expanding the ID.4’s 4 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. 4 is available in five trim levels: Standard, Pro, S, Pro S, and Pro S Plus.
We’ll also show you how to save a ton of money by financing your purchase through EV Life. The base model 2LT features standard front-wheel drive along with the option for eAWD with a dual motor setup. The top-of-the-line SS trim comes standard with all-wheel drive. Clean Vehicle Assistance Program. Clean Cars 4 All.
In this article, we’re going to check out some of the specs, design, and performance of the Tesla Cybertruck and show you how you can save money on one by financing through EV Life. Interior The interior of the four-door, six-seater Cybertruck is stripped down and minimal, even by Tesla standards. Clean Vehicle Assistance Program.
Green bonds—the funds from which are exclusively applied to finance new and existing green infrastructure projects—were developed as a new investment channel in 2007, with the first few issuances by multilateral development banks, and have grown rapidly in the global market. million (US$25.4
This article will explore the Rivian R1S, examining its available models and premium features and showcasing how financing the R1S through EV Life can save you both time and money. The Adventure Package provides inherent off-road capabilities, featuring upgraded suspension, off-road tires, and an advanced all-wheel-drive system as standard.
We’ll also take a look at the best way to save money when financing your Lightning purchase through an EV Climate Loan with EV Life. Interior The interior of the Lightning, which is only offered as a five-passenger crew cab, is also similar to the standard F-150, but with a few small differences. But the savings don’t stop there.
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