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launched a dealer program that provides turnkey residential charging packages to consumers purchasing new electric vehicles (EVs) or plug-in hybrids (PHEVs) and allows them to finance the charger in combination with the vehicle at the time of sale. AeroVironment, Inc. If needed, AeroVironment also provides at-home, in-person support.
a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. and Dickenson Fleet Services to serve as a national service centers and installers.
Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana. The finished product generated by the RES Polyflow process is a light, sweet liquid known as pygas.
million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). By comparison, the Nissan Leaf will cost $26,280 after federal subsidies (including an allowance for charger installation), which is a higher price point than three quarters of all new auto sales. Last week, J.D.
The US Army and Air Force are planning to develop 1 billion watts of renewable energy on their installations by 2025. Energy security drives the initiatives, Hammack said, adding that increased usage of renewable energy on military installations would enable them to operate even if local power grids go down.
Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing.
a provider of home solar financing, announced a $100-million tax equity project financing agreement to fund SunRun’s installation of more than 3,500 new home solar installations across the nation. SunRun offers home solar power without high upfront costs through power purchase agreements (PPAs) and solar leases.
The partnership establishes an investment fund to finance $65 million in solar projects to assist Honda and Acura customers with the initial cost of solar power installation. A 20-year lease or power purchase agreement term applies. SolarCity and American Honda Motor Co., No down payment or security deposit is required.
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.
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 funding comes from DOT’s Buses and Bus Facilities Program and Low or No Emission Vehicle (Low-No) Program, helping transit agencies purchase and lease new, cleaner vehicles and renovate and construct the infrastructure needed for zero-emission transit vehicles. US Senators Dianne Feinstein and Alex Padilla (both D-Calif.) 15,588,800.
Assembled electric powertrains ready for installation into Lightning Electric Transit 350HD vehicles. Lightning eMotors offers a complete range of fleet-focused chargers and charging-as-a-service solutions, with full installation, utility integration, software control, and Low Carbon Fuel Standard and renewable energy credit support.
Bosch Automotive Service Solutions, an operation of Bosch Automotive Aftermarket, has entered announced an exclusive distribution and installation agreement with Evatran Group, Inc. In addition, Bosch announced financing options for all offered electric vehicle charging stations and their installation.
Power and automation technology group ABB, KredEx and the Ministry of Economic Affairs of Estonia, announced the first public installation of an ABB Terra 51 DC fast charging station for electric vehicles in Estonia. The project including the installation of the remaining 31 fast chargers is scheduled to be completed by the fall of 2012.
All cell modules in the PSC were formerly installed as batteries in pre-production models of the ID.3 —Karen Kutzner, managing director for finance and controlling at Volkswagen Sachsen. The electricity comes from the adjacent photovoltaic installation, among other sources. 4 and have now been given a second purpose.
Currently, inductive charging is offered as an aftermarket solution with attractive financing options. Yet, the cost of purchasing and installing an inductive charging solution is approximately 30% higher than that of conductive (wired) charging.
a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The recommendation is part of the final report issued by the National Surface Transportation Infrastructure Financing Commission, “ Paying Our Way: A New Framework for Transportation Finance ”. The nation faces a crisis. Paying our Way”.
The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing. Equipped with the optional Max Trailer Tow Package, targeted maximum towing increases to 10,000 pounds. —Ted Cannis, general manager, Ford North America commercial business.
PACCAR is collaborating with Faith Technologies and Schneider Electric to provide a charging infrastructure package solution for customers that purchase battery electric Kenworth and Peterbilt heavy- and medium-duty trucks in the United States and Canada. PACCAR electric charger with Kenworth K270E and Peterbilt Model 220EV trucks.
The water electrolysis system will be installed by thyssenkrupp Uhde Chlorine Engineers’ product division Green Hydrogen and consists of pre-fabricated standard modules. This modular system allows to easily scale up a plant to several hundred megawatts or gigawatts.
In January, Volkswagen of America and BMW of North America, together with ChargePoint, announced an initiative to create more express charging corridors along heavily-traveled routes on the East and West Coasts; specifically to install nearly 100 DC Fast Chargers across both coasts aiming to have charging sites no more than 50 miles apart.
For customers who want faster home charging for their Mustang Mach-E or who want connected features, the Ford Connected Charge Station home wallbox will be available for purchase, with prices starting at $799 MSRP, excluding taxes. Ford also has teamed up with Amazon Home Services to offer installation of home charging setups later this year.
The largest PV installation in Georgia. Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. Connecticut Department of Transportation, Connecticut: $7,000,000.
Since March 2009, businesses are also eligible for a subsidy from the city when purchasing an EV. Almost 100 charging points have been installed in public areas since November 2009. The extra charging points will be financed by the Air Quality Fund, with a substantial contribution from the government.
It also includes working with automakers and dealers to identify, evaluate, and implement creative financing approaches and other effective strategies to reduce vehicle purchase price and increase ZEV sales. Encourage private fleets to purchase, lease, or rent ZEVs.
As per the terms of the recently launched promotion, customers who purchase a Model Y RWD could get a 0% interest loan if the principal of the loan would be less than KRW 45,000,000 or less for 48 months, or KRW 36,000,000 or less for 60 months. In some sections, interest rates vary depending on the amount of advance deposit.
Mercedes-Benz Bank offers private and business customers financing and leasing options for the EQS, including a subscription scheme. The package also includes additional DIGITAL LIGHT animations for opening and closing (12 months’ use included in the purchase price, after which it can be extended via Mercedes me for €89).
This funding for fiscal year 2021-2022 marks the first installment in the three-year $3.9-billion 30 million to support small businesses and sole proprietors who provide professional landscaping services in California to purchase zero-emission small off-road equipment, including leaf blowers, lawn mowers and string trimmers.
With less hardware to purchase and less equipment to install, the multi-dispenser charging solution lowers the cost of infrastructure for customers. In addition to the multiple dispensers for one PCS, dispensers can be installed up to 500 feet away from the PCS to further optimize space.
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.
The vehicles will be ready to have Firefly’s in-car and on-car screens installed, generating advertising revenue to subsidize the fleets and drivers. While US consumers can earn some tax credits by directly purchasing EVs, these subsidies only cover a small fraction of the car cost and apply to just some cars.
The board also approved the purchase of charging infrastructure for e-buses and e-hybrids with two suppliers, Spie-Ekoenergetyka and Heliox. Both suppliers will install half of the order that will enable De Lijn to charge the initial e-buses and e-hybrids at their depots.
In this capacity, Newmark Energy Solutions energy program will permit, design, finance, construct, and operate a fleet of UTC fuel cells targeted to grow at a rate of 20MW installed capacity per year. UTC fuel cells have been installed at more than 300 locations worldwide with more than 9.6 million hours of operation and 1.6
EV Connect, a provider of electric vehicle (EV) charging solutions, announced the first “EV Charging-as-a-Service” or “EV CaaS”, to cut up-front costs and simplify the process for purchasing and installing EV charging station infrastructure by turning the purchase decision from a capital expenditure to an operating expense.
Available in early 2014, 360° Electric is a portfolio of consumer-oriented offerings designed to overcome commonly perceived barriers to purchasing an electric vehicle. BMW Installation Services. BMW of North America has announced the partnerships and programs comprising its 360° Electric portfolio. BMW Solar Energy Program.
Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 billion, down 15% on 3Q 2017, while the purchase of small-scale solar systems of less than 1MW totaled $13.5 But the market looks increasingly crowded and consolidation is likely. billion for 300MW.
Charging infrastructure financing: Unlocking Up $4.5 Loan guarantees can be an important tool to commercialize innovative technologies because these projects may be unable to obtain full commercial financing due to the perceived risks associated with technology that has never been deployed at commercial scale in the United States.
The Government of Canada’s recently announced a $500,000 repayable investment in the company, through Atlantic Canada Opportunities Agency’s (ACOA) Business Development Program (BDP), to support the purchase of special equipment to establish the plant. PwC Corporate Finance Inc. The Province of Nova Scotia previously announced a $1.5
However, because the such a model is currently not envisaged in the Business Plan, additional financing to develop this model could be required. With this financing in place, the business plan does not envisage any future funding being required, neither from Spyker or elsewhere, for Saab to return to profitability.
Included in the purchase is a residential monitoring system, which includes the ability to track the performance of their solar system on the web or through an iPhone application. Affordable financing options for the solar system are available through SunPower. This price point does not include local sales tax.
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.
Fleets in the Priority Program place $10,000 refundable deposits and enjoy: price stability through year end budgeting; installation and remote access for Orange EV’s FIMS service, free of charge for five (5) years; and. Traditional equipment financing helps reduce initial cash outlay and fund the balance of purchase from cost savings.
AMPLY Power is working with Duke Energy Sustainable Solutions to expand fleet electrification offerings, including the first commercially available combination solar canopy and overhead electric vehicle charging solution covered by a power purchase agreement (PPA) leasing and financing model. —Vic Shao, CEO of AMPLY Power.
3442 , which has been referred to the Committee on Finance. At least $2,000 in additional consumer incentives for the first 100,000 consumers purchasing electric vehicles in these communities would be provided. Full text of the two bills as introduced is not yet published. Representatives Edward J.
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