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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. Pacific Energy Capital II, LLC, a non-utility subsidiary of PG&E Corporation, and SunRun Inc., SunRun will manage the projects.
An additional $2 million will be allocated to the Massachusetts Offers Rebates for Electric Vehicles (MOR-EV) program. The electric vehicle rebate program, administered by the Department of Energy Resources’ (DOER), offers rebates of up to $2,500 to Massachusetts residents who buy or lease electric vehicles.
BASF Venture Capital has led a $3-million Series A financing with a $1.5 based in Cambridge, Massachusetts. The Swiss entrepreneur and private investor Hansjörg Wyss has also participated in the financing. million investment in SLIPS Technologies Inc. The company’s technology platform was created by Prof. Resources.
As part of a comprehensive reform plan to simplify the Commonwealth of Massachusetts’ transportation system, Governor Deval Patrick is proposing a fuel tax increase of $0.19 A 2007 report issued by the Transportation Finance Commission stated: “ The cost of this neglect will be felt in our regional economy and in our way of life.
The Massachusetts Clean Energy Center (MassCEC) has approved a $5-million forgivable loan for Li-ion battery manufacturer A123 Systems contingent on its hitting job creation and private investment milestones. With the new expansion, A123 Systems will assemble and commission grid-storage battery systems in Massachusetts.
maker of the long-lasting, fast-charging Sonata Li-ion battery for laptops, is planning to build a 455,000 square foot manufacturing facility in Auburn, Massachusetts that would complement its existing China-based operations. Boston-Power, Inc.,
This includes transitioning a number of positions and responsibilities from its Westborough, Massachusetts offices. He was raised in China and completed his education in engineering physics at the University of British Columbia, the University of California at Berkeley and the Massachusetts Institute of Technology, as a Sloan Fellow.
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.
Ambri, developer of Liquid Metal Battery grid-scale energy storage technology, closed a $35-million Series C equity financing. Ambri has raised more than $50 million in equity financing since its founding in 2010 and is the exclusive licensee of the Liquid Metal Battery intellectual property developed at MIT. Earlier post.)
a Massachusetts company developing an innovative compressed air energy storage system, has signed an agreement with ConocoPhillips to develop compressed air energy storage (CAES) projects, beginning with a pilot project in Texas, using General Compression’s Advanced Energy Storage (GCAES) technology. General Compression , Inc.,
million through two rounds of financing. Earlier this year, Optimus Ride received approval from MassDOT to test highly automated vehicles in the Commonwealth of Massachusetts. Optimus Ride has raised a total of $23.25 Flynn Marine Park.
companies, so we also believe that we will continue to expand on our strong manufacturing and systems engineering capabilities in Michigan and Massachusetts. Pursuant to the terms of the definitive agreements, Wanxiang would provide A123 with up to $75 million in initial debt financing under a Senior Secured Bridge Facility.
a company that has developed a low-cost hybrid electric powertrain designed specifically for class 1-3 commercial fleet use ( earlier post ), will display a Chevrolet Express 2500 cargo van fitted with the company’s hybrid technology at the 2012 Massachusetts Institute of Technology (MIT) Energy Conference Energy Showcase on 16 March.
The aim of the University of Alaska-Anchorage and University of Massachusetts-Amherst study will be to investigate the impacts of lithium extraction on the hydrologic environment in Latin America. BASF SE is contributing to finance the study.
That said, the offer is only valid in Northeast states, including Maine, Massachusetts, and others as far south as Virginia. Dodge is offering a $3,000 incentive and zero-percent financing for purchases, which could make them a good deal for some buyers. The more powerful R/T Scat Pack is available for $399 per month with $4,429 down.
MHI) has invested in Electric Hydrogen (EH2), a clean hydrogen startup headquartered in Natick, Massachusetts, to support its efforts in developing cost-competitive, fossil-free hydrogen. The investment was part of a $198-million financing. Mitsubishi Heavy Industries, Ltd.
Liquid Metal Battery Corporation (LMBC), a Cambridge, Massachusetts company founded in 2010 to develop new forms of electric storage batteries that work in large, grid-scale applications, has secured the rights to key patent technology from MIT.
Massachusetts Bay Transportation Authority, Massachusetts: $2,500,000. Renewable Wind Energy: MBTA will design and construct wind energy generation turbines in eastern Massachusetts (from among Kingston, Newburyport, Bridgewater). Material is being financed and procured through the New York Power Authority.
A123 offers industry-leading technology for vehicle electrification and grid-scale energy storage, as well as strong manufacturing and systems engineering capabilities in Michigan and Massachusetts. —Weiding Lu, CEO of Wanxiang Group.
The Deployment track (PACE-D) includes a Clean Energy Finance Center, the public-private Energy Cooperation Program, and a range of bilateral cooperative activities. The Joint Clean Energy Research and Development Center is included in the partnership’s Research and Development track (PACE-R). MEMC Corporation; and Solarmer Energy Inc.
Ron Sheble, vice president of finance for Advanced VTech, said that the retrofit of the ERS required only minimum downtime. Lightning Hybrids currently has systems operating in fleets around the world with orders for more in Chicago and Massachusetts in the next month. Peapod’s hydraulic hybrids are on the road in Chicago now.
In particular, Avis Budget expects significant cost reductions across the fleet life cycle (from procurement to operations and maintenance to disposition, as well as financing), in addition to savings from eliminating Zipcar’s public-company costs. The companies expect substantial synergies in fleet utilization. Source: Avis Budget.
Headquarters in Plymouth, Michigan are dedicated to finances, engineering, and design. Scaringe earned his MS and PhD in Mechanical Engineering from the Massachusetts Institute of Technology where he was a member of the research team in the Sloan Automotive Laboratory. The company’s 2.6-million-square-foot
The joint venture company will initially be based in Cambridge, Massachusetts. The joint venture company will initially focus on developing and securing financing for a first commercial-scale cellulosic ethanol facility in Highlands County, Florida and expects to break ground on that site in 2010.
The partner states are California, Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island and Vermont. 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.
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.,
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. Massachusetts Offers Rebates for Electric Vehicles. EV Home Charging Installation Incentives. It’s that easy.
availability of transportation fuels across Maine, New Hampshire, Vermont, Massachusetts and Rhode Island. The Unlocking Private Sector Financing for Alternative Fuel Vehicles and. The project Removing Barriers, Implementing Policies and Advancing. Alternative Fuels Markets in New England will work to diversify the. of State Energy.
The fact sheet signals that LPO is open for business and ready to partner with offshore wind and offshore transmission developers, suppliers, and other financing partners to scale the US offshore industry and support well-paying jobs. To date, LPO has provided $1.6 billion in support of projects totaling about 1,000 MW of onshore wind.
The collaboration is substantially financed by Automobili Lamborghini and is intended to lead to radical innovation in energy storage systems technology and material science. Anastasios John Hart, Department of Mechanical Engineering—are contributing to the development of the first two elements.
People like Sascha Deri of the Alternative Energy Store in Hudson, Massachusetts. But there are people out there who have already done it, so I’ll talk to them first. And there are people out there who want to help and have resources to make it possible.
Plug In America is also partnering with Kia to train, certify, and provide ongoing support for nearly 100 Kia dealers in Connecticut, Massachusetts, New Jersey, and New York. Our PlugStar program complements Kia’s existing training and support by educating dealer sales staff about EV basics, charging at home and on the go, and incentives.
The Massachusetts Department of Transportation (MassDOT) has selected Weston & Sampson and Rivermoor Energy to develop the National Electric Vehicle Infrastructure (NEVI)’s ultra-fast EV charging stations in Massachusetts.
Cambridge, Massachusetts, has signed the largest-ever virtual power purchase agreement (VPPA) by a US city to help build a utility-scale solar farm in Illinois. Together, these projects are accelerating the citys efforts to cut carbon emissions more effectively than waiting for the Massachusetts grid to go fully renewable by 2050.
But behind the layers of finance and paperwork, Guidestar GPS was developed. & In case you were curious, in 1996 Guidestar worked in California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Maryland, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Rhode Island, Vermont, and Virginia.
That’s because New Hampshire doesn’t have a Tesla Center, and Massachusetts doesn’t allow out-of-state car pickups. I restarted the leasing process and filled out the finance application on the app. My finance application then sat unapproved, for days, right up to the night before we were due to pick the Model Y up in Paramus.
Following a successful launch in Texas last year, energy storage leader BLUETTI is expanding its Solar+ program to California, Massachusetts, and North Carolina. Finance options are available upon request. cents per kilowatt-hour (KWh), respectively. cents per kilowatt-hour (KWh), respectively. cents, as of September 2023.
Manufacturer Thomas Built and Highland Fleets fleet services are among those helping school districts finance their own electric fleets. Highland has promised to provide Massachusetts with electric school bus subscriptions on par with diesel prices through 2025. Maryland already leased 326 buses from Highland.
Massachusetts, for instance, offers its MassEVIP Workplace and Fleet Charging program , which covers 60% of the costs of EV charging equipment and installation for up to $50,000 per business address. In Massachusetts , for instance, your business must have at least 15 employees.
Massachusetts, New Jersey, New York, Oregon, Washington, and Vermont are adopting the same rules. Federal funding for these improvements includes $20 billion under the Building a Better Grid Initiative and an additional $13 billion in financing opportunities and programs. However, that is likely to change. With approval from the U.S.
Based in Watertown, Massachusetts, A123Systems has announced plans for a Michigan-based production facility. Automotive.coms auto loan locator can help you get a lower new car finance rate. A123Systems will manufacture Nanophosphate Lithium ion prismatic battery cells, modules and battery packs for Chrysler LLC.
Markey of Massachusetts, both Democrats, built their climate change bill last year in large measure around it. It covers ten Northeastern and Mid-Atlantic states (Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont). Financing Investments and Other Public Expenditures.
Contour Energy Systems, Inc, a spinoff of the collaboration between CalTech and CNRS focused on developing new fluorine-based battery chemistries, nanomaterials science and manufacturing processes for lithium-ion energy storage systems ( earlier post ), has finalized its Series C round of financing that now includes SBI Jefferies Asia Fund L.P.
Contour Energy Systems has raised a Series C round of financing from Singapore’s leading global fund, EDBI (EDB Investments Pte Ltd.) and previous investors CMEA Capital, Harris & Harris, Schlumberger and US Venture Partners.
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