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The EPA emissions standards require automakers to meet tailpipe emissions limits across their entire fleet using a technology-neutral approach. Automakers can meet the goals by manufacturing hybrids, plug-in hybrids, fuel-efficient gas cars, or any other viable technology that reduces tailpipe pollution.
and UK drivers have had a choice between traditional finance and buying a vehicle outright for cash. Granted, you won’t have monthly payments to make, but you will have less flexibility when it comes to your overall finances. For years, U.S. In truth, both approaches have their pluses and downsides.
The other half of the story that’s just as exciting is that new superconductor technology and advanced manufacturing capabilities are making it more possible to actually realize these exquisite designs.” This technology is designed to be a stepping stone toward a fusion power plant.”
The technology is expected to advance the fields of artificial intelligence, cybersecurity, drug discovery, finance, and more. An active volunteer for more than 40 years, he persuaded IEEE in 2019 to become more involved in the science and engineering of quantum computing technologies. Qubit technologies.
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.
RWE's FUREC project, which aims to produce circular and green hydrogen from non-recyclable municipal solid waste in Limburg, the Netherlands, received a €108-million grant from the EU’s Innovation Fund. FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS).
million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. Powerful permanent magnets are necessary components of electric vehicle motors, wind turbines, efficient industrial motors, and many other modern technologies essential to the clean energy transition.
ClearFlame Engine Technologies , a growing startup dedicated to the development of clean engine technology ( earlier post ), secured $2.5 million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. In fact, it increases power by 25%.
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.
In an 8K filing with the SEC, BlueFire said that it is seeking to re-establish funding under the DOE Grant and has initiated the appeals process with the DOE. BlueFire also asserted that if it failed in reversing the DOE decision, it would devise a new strategy with respect to financing the Fulton Project. BlueFire Renewables, Inc.,
Skeleton Technologies , an energy-storage start-up located in Tartu, Estonia, was recently awarded a US patent ( #7,803,345 ) on its nanoporous carbon powder supercapacitor material. The US patent and soon-to-be-granted EU patent gives the company protection for carbide-derived-carbons suitable for energy storage applications.
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”. —“Financing the Transition”.
A $175,000 grant will be used for the site selection and analysis process for this facility. Following the site selection and facility design process, the Alliance will request a formal grant from the Commonwealth to construct a demonstration plant and produce its cleaner fuel on a larger scale. Earlier post.). Earlier post.).
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. 2019.165962.
While notable exceptions exist, the report says, the financing framework is often skewed towards supporting the motorization model: Domestic public finance is mainly used to build and maintain infrastructure to cater to increasing levels of motorized traffic.
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.
Mercedes-Benz AG and Aston Martin Lagonda Global Holdings plc announced a new strategic technology agreement and an enhanced partnership. Access to these technologies will be granted in exchange for new shares in Aston Martin, issued in several stages over the next 3 years, up to a total value of £286 million (US$373 million).
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. Accelergy Corporation has received a $1.3-million Earlier post.)
an Ann Arbor-based developer of next-generation lithium-ion batteries ( earlier post ), has completed a $7-million Series B round of financing. Sakti3 will release separate announcements related to its technology, expansion plans, and other partners in the coming months. Sakti3, Inc.,
million for emerging technologies projects as part of a summer-long roll-out of $120 million in clean diesel grants. The awards will provide opportunities to advance new technologies in the marketplace, and support both environmental innovation and green jobs to reduce diesel emissions. First-ever clean diesel tribal grants.
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.
As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. MONTE and ZeroAvia aim to retrofit the aircraft for clients starting in 2024 and will provide and finance maintenance and hydrogen availability services to support these operations.
Nikola is granted the IVECO S-Way technology license for North America and related component supply from Iveco Group, and gains joint ownership of the intellectual property of Generation 1 eAxles, technology developed together with Iveco Group’s powertrain brand, FPT Industrial.
With one of the nation’s most ambitious climate targets, Park City is laying a path for a net-zero carbon footprint for its municipal operations by 2022 and a Summit County area-wide net-zero carbon footprint by 2032 by implementing Proterra’s proven transit technology. buy the bus, lease the battery.
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. The existing major investors in Proterra added $11 million of equity.
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.
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.
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.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). The ARENA round is a $70-million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis. —CEFC CEO Ian Learmonth.
Syzygy Plasmonics , a technology company developing the world’s highest performance photocatalyst, raised $5.8 The financing was co-led by The Engine and by The GOOSE Society of Texas. The catalyst is a platform technology and it has been demonstrated on many different chemical reactions. million in Series A funding.
has selected Axens Vegan Renewable Hydroprocessing technology for its “Carbon Zero 1” production plant in Riverbank, California. Axens Vegan technology is designed to hydrotreat a wide range of lipids and to produce a flexible slate of low-density and high cetane renewable diesel as well as renewable jet fuel. Aemetis, Inc.
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. Construction of the Kinross facility is anticipated to start in the next three to six months and is expected to be completed by year-end 2013.
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. million (US$1.6-million) million interest-free loan over seven years.
Essen-based energy company STEAG, Duisburg-based steel producer thyssenkrupp Steel and Dortmund-based thyssenkrupp Uhde Chlorine Engineers, specializing in electrolysis technology, are working on a joint feasibility study. Arnd Köfler, Chief Technology Officer at thyssenkrupp Steel.
The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.
This service can also provide debt financing or secure grant funding to reduce capital expenditures and implement resiliency plans as needed. Additionally, AMPLY is available to perform onsite operations maintenance services, and invest in technology upgrades as the needs of a fleet evolve.
introduced legislation that would set an escalating fee on greenhouse gas emissions from large stationary sources to fund investments in energy efficiency and sustainable energy technologies and also provide rebates to consumers to offset increases in energy prices. Among the financing provisions of the legislation are: Price on carbon.
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.
Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. million grant ($17-million) to deliver a breakthrough 19-seat hydrogen-electric powered aircraft that is market-ready by 2023. The program kick-off is supported by a new raise of $24.3
Additional state grants, combined with the Honda financing, could enable FirstElement to add at least 12 stations to its California hydrogen network. FirstElement received grants totaling nearly $27 million from the California Energy Commission earlier this year to build a network of 19 stations around the state.
582 million (US$773 million) in grants for those buying zero or ultra-low emission vehicles to make them cheaper to buy and incentivize more people to make the transition. Innovation and finance: Developing the technologies needed to reach these new energy ambitions and make the City of London the global center of green finance.
Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, has begun construction of a second commercial-scale US Battery Active Materials (BAM-2) factory in Moses Lake, WA, in support of domestic efforts to advance the electric vehicle (EV) market.
a startup developing innovative solid-state battery systems for use in future electric vehicles (EVs) that would fully charge in minutes, announced the grant of an exclusive technology license by Harvard University’s Office of Technology Development (OTD) and a seed round financing of $5.15 Adden Energy, Inc.,
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