Levant LNG signs agreement with Gazprom subsidiary on negotiation of sales of LNG produced offshore Israel

Green Car Congress

executed a Heads of Agreement (HOA) with Gazprom Marketing and Trading Switzerland AG (GM&T CH), a subsidiary of Russian gas major Gazprom, in which the parties agreed to negotiate in good faith a binding agreement for the sale of the LNG to be produced at the Floating LNG (FLNG) facility offshore Israel. These companies are the owners and producers involved in the discovery of significant natural gas resources in the Tamar and Dalit fields offshore Israel.

Levant LNG signs agreement with Gazprom subsidiary on negotiation of sales of LNG produced offshore Israel

Green Car Congress

executed a Heads of Agreement (HOA) with Gazprom Marketing and Trading Switzerland AG (GM&T CH), a subsidiary of Russian gas major Gazprom, in which the parties agreed to negotiate in good faith a binding agreement for the sale of the LNG to be produced at the Floating LNG (FLNG) facility offshore Israel. These companies are the owners and producers involved in the discovery of significant natural gas resources in the Tamar and Dalit fields offshore Israel.

Better Place closes $200M Series C financing; valuation now $2.25B

Green Car Congress

Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25 billion (post money valuation on a fully diluted basis) since the last financing in January 2010.

Government, Renault and Agassi: Making Israel a Better Place for Electric Cars

Plugs and Cars

Shai Agassi's ambitious Project Better Place takes a step forward today in Israel. The government will announce its support for the venture which has been developing between Agassi and Renault to bring electric cars to the virtual island that is Israel. As I have commented before, there is no better proving grounds for EVs than Israel.

2008 100

Green car incentives coming to Israel

Green Cars News

The eagerness to reward green car buyers for their purchases now looks likely to extend to Israel, where the finance ministry is planning new regulations on car purchasing according to Reuters. It’s a difficult time for car buyers in Israel, but with taxes on hybrids to be cut by 30 per cent, there is at least some light at the end of the tunnel. Tags: Green cars Hybrid cars Latest news Better Place car buying incentives green car incentives israel

Israel Cellulosic Ethanol Startup Closes $5.5M First Round from Khosla and Burrill

Green Car Congress

Israel startup HCL CleanTech Ltd. million in its first financing round from Burrill & Company and Khosla Ventures. HCL will use proceeds to pursue R&D in Israel and build a pilot plant in the US to be completed in 2010. raised $5.5

Proposed Federal CEDA Designed to Help Risky Breakthrough Technologies Cross the Valley of Death; Working with $10+ Billion Fund

Green Car Congress

Green Car Congress recently attended the Renewable Energy Finance Forum - Wall Street ( REFF- Wall Street ) conference sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). To make sure that CEDA will not crowd out private capital that might otherwise be available in energy markets, CEDA will be focusing primarily on breakthrough technologies which are promising but too risky for private debt financing. by Bill Cooke.

2009 65

2nd Better Place CEO out; company to be managed by Chairman of Board and CFO

Green Car Congress

Globes in Israel reported that sources said that Thornley left over differences with Chairman Idan Ofer over Better Place’s future, especially over plans to reduce activity in global markets and focus on its core markets of Israel and Denmark. Thornley’s first job, the Globes report noted, was to develop a recovery plan for Better Place’s Israeli operations—a condition for further financing.

2013 81

Better Place secures €40M European Investment Bank loan

Green Car Congress

The remaining proceeds will be used for similar purposes in Israel. The first Copenhagen Battery Switch Station in the Danish network—and soon a second one in Amsterdam—are part of a de-carbonization infrastructure project co-financed by the European Union’s TEN-T program, “Greening European Transportation Infrastructure for Electric Vehicles.” In Israel and Denmark combined, the company has more than 500 Renault Fluence Z.E.

2012 88

Ampal Signs Option Exercise Agreement to Acquire 25% in Ethanol Project in Colombia

Green Car Congress

Israel-based Ampal-American Israel Corporation signed an option exercise agreement with Merhav (M.N.F) The purchase of the 25% equity stake and the conversion of the loan is subject to the initial disbursement of a loan from Banco do Brasil, the lender providing project financing to the project. Ampal and its subsidiaries acquire interests primarily in businesses located in the State of Israel or that are Israel-related.

Better Place consortium launches electric taxi project with battery switch station at Schiphol airport

Green Car Congress

Awarded last year, the project consortium, “Greening European Transportation Infrastructure for Electric Vehicles,” is the first decarbonization infrastructure project co-financed by the European Union’s TEN-T program. Batter Place recently completed an historic “lap” around Israel by driving the Renault Fluence Z.E. in Israel year-to-date than in all of France. Better Place has raised more than $750 million of equity financing to date.

2012 98

Better Place lost $459M on $6.9M in sales last year; cumulative losses of $812M

Green Car Congress

Under the Liquidation Petition filed in Israel on Sunday, Better Place listed assets of $9.5 Because Better Place has little chance for a reorganization under Israeli bankruptcy law (similar to a company Chapter 11 reorganization in the US), the company was placed in Liquidation in the Lod District Court in Israel on Sunday—a process initiated by one of its major shareholders. Battery swap pioneer Better Place, Inc.,

2013 81

GE and Better Place Partner to Accelerate EV Infrastructure Deployment; Integrating GE WattStation with Better Place Services

Green Car Congress

Battery Financing: GE and Better Place will develop a battery financing program that begins with a pilot project to finance 10,000 batteries in Israel and Denmark, which are the first two markets for Better Place. GE’s WattStation. Click to enlarge.

2010 104

Porsche increases investment in start-ups by €150M; innovative business models in the field of mobility

Green Car Congress

—Lutz Meschke, Deputy Chairman and Member of the Executive Board for Finance and IT at Porsche AG. The total value of the financing round is US$80 million. Alongside direct investment deals, Porsche invests in selected venture capital funds, such as e.ventures in Europe and the USA as well as the Magma and Grove funds in Israel. Porsche has increased its total investment in venture capital activities by €150 million for the next five years.

2018 75

Toyota Research Institute launches Toyota AI Ventures with $100M investment

Green Car Congress

Toyota Research Institute (TRI) is investing an initial $100 million to launch Toyota AI Ventures , a new corporate venture capital subsidiary designed to provide early-stage financing to startup technology companies. TRI participated in Nauto’s $12M Series A financing in August 2016. TRI participated in SLAMcore’s seed financing in March 2017. TRI participated in Intuition Robotics’ $14M Series A financing in May 2017.

2017 65

Foresight signs a pilot agreement with one of China’s top three largest car manufacturers

Green Car Congress

Israel-based Foresight Autonomous Holdings Ltd., The pilot project will be financed by the manufacturer, except for production, shipping and system installation costs of Foresight’s Eyes-On system. a developer of Advanced Driver Assistance Systems, has signed an agreement for a pilot project to test its Eyes-On advanced driver assistance system with one of China’s top three largest car manufacturers.

2017 60

Hawaii opts for EVs and renewable energy

Revenge of the Electric Car

Tuesday’s announcement follows earlier endorsements from Israel, Denmark, Australia, Renault-Nissan and a coalition of Northern California localities supporting the idea leading to the deployment of an electric vehicle with a range of greater than 100 miles, beginning at the end of 2010 in Israel. Mr. Agassi has raised $200 million in private financing for his idea.

2008 100

BP invests in ultra-fast charging battery company StoreDot

Green Car Congress

BP Ventures has invested $20 million in Israel-based ultra-fast charging battery developer StoreDot. In September 2017, Daimler led a third round of financing for StoreDot; the $60M round also included Lucion venture capital and participation of financial institutions from Israel and China, as well as existing investors such as Samsung Ventures and Norma Investments, representing Roman Abramovich.

2018 65

Intel to acquire Mobileye for $15.3 billion; targeting autonomous driving

Green Car Congress

The combined global autonomous driving organization, which will consist of Mobileye and Intel’s Automated Driving Group, will be headquartered in Israel and led by Prof. The offer is not subject to any financing conditions.

2017 78

EV battery swap company Better Place files for liquidation

Green Car Congress

Better Place, a high-profile developer and proponent of a battery switch model for electric vehicles ( earlier post ), filed a motion with the Lod District Court in Israel to ask for the dissolution of the company and the appointment of a temporary liquidator. Israel was the first place in which an electrical car could travel without limit.

2013 96

Better Place Secures $350M Series B Round led by HSBC Group

Green Car Congress

Better Place, the global provider of EV networks and services, has signed an agreement with an HSBC-led investor consortium for new equity financing of $350 million. The announcement comes almost two years after Better Place announced its first car partnership and its first country deployment in Israel. Currently, Agassi said, the first full-fledged battery switch station is built and in operation and testing in a hanger in Israel.

2010 78

Primus Green Energy raises $12 million for renewable gasoline technology

Green Car Congress

developer of a proprietary process to produce gasoline and other fuels from biomass and/or natural gas ( earlier post ), has completed its third round of funding with the recent $12-million investment by IC Green Energy Ltd, the renewable energy arm of Israel Corp. The $12-million investment completes the financing for the integrated single-loop demonstration plant currently under construction at Primus Green Energy’s Hillsborough, NJ, site.

2012 81

Audi going to the moon; Audi lunar e-quattro rover

Green Car Congress

The concept of a privately financed mission to the moon is fascinating. Participants in the competition, in addition to Part‑Time Scientists, include 15 teams from around the world including Brazil, Canada, Chile, Hungary, Japan, Israel, Italy, Malaysia and the United States.

2015 112

Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

Green Car Congress

—a partnership between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation—is bringing its Cross Hybrid Concept to the Geneva Motor Show in March. The E-JET concept range extended electric vehicle from GAC. Click to enlarge.

2013 116

Greenlings: Benefits of charging stations vs. battery swaps vs. home charging

Tony Karrer Delicious EVdriven

Automotive.coms auto loan locator can help you get a lower new car finance rate.

2009 45

Slow start for charge of the electric cars - Times Online

Tony Karrer Delicious EVdriven

The two companies have made a series of deals across the world supplying carsfor the electrification programmes of cities and whole countries – Denmark,Israel and Portugal among them. 6: Dont use loo roll Money Central Leisure Sir Stelios seeks new opportunities EasyJet chairman to step down early Engineering jobs Finance Director Jobs HR Director Jobs Marketing Director Jobs Chief Executive Jobs Most Read Skip Most Read Today Review: Star Trek, at the Empire, Leicester.

G-Wiz 29

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

People-Oriented Development Current Status of REDD Financing the Fifth Fuel Peak Phosphorus - Commence Urine Recyling on Space. Driving range will no longer be an obstacle, because customers will be able to plug their cars into charging units in any of the 500,000 charging spots in Israel. Shai Agassi predicts that Israel will have over 100,000 electric vehicles in use by 2010.

2009 28

ENFICA-FC Fuel Cell Inter-City Aircraft Ready for Flight Testing

Green Car Congress

At the same time, more theoretical type studies have been carried out (in collaboration with the Israel Aircraft Industry, Université Libre de Bruxelles and Evektor (CZ) partners). million) is financed with funds allocated by the European Commission.

2010 104

Pike Research makes 10 electric vehicle predictions for 2013

Green Car Congress

Battery swapping gives way to battery financing. Battery swapping pioneer Better Place, which saw key executives leave in 2012, has failed to capture the expected number of subscribers to its EV service in the initial launch market of Israel and borrowed money to continue the expensive build-out of battery swap stations in Denmark.

2012 120

Nissan signs electric car alliance with Europcar

Green Cars News

Nissan through the Renault-Nissan Alliance has committed to being a global leader in zero-emission vehicles,” said Eric Nicolas, senior vice president, administration and finance Nissan International SA. The Alliance Renault-Nissan has begun Zero Emission Vehicles initiatives in Kanagawa Prefecture and Yokohama in Japan, as well as in Israel, Denmark, Portugal, Monaco, UK, France, Switzerland, Ireland, Hong Kong, Singapore, and China.