article thumbnail

Massachusetts announces additional $2M for electric vehicle rebate program

Green Car Congress

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.

article thumbnail

PGE and SunRun Create $100M Home Solar Financing Fund

Green Car Congress

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.

Financing 170
article thumbnail

MHI invests in Electric Hydrogen to accelerate efforts to produce clean hydrogen at scale

Green Car Congress

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.

Hydrogen 150
article thumbnail

BASF Venture Capital leads $3M investment in SLIPS for super-omniphobic technology; joint development agreement

Green Car Congress

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.

article thumbnail

Fully autonomous vehicle developer Optimus Ride raises $18M in Series A

Green Car Congress

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.

Boston 150
article thumbnail

Massachusetts Governor Proposes $0.19 Increase in State Fuel Tax to Support Transportation Projects

Green Car Congress

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.

Fuel Tax 150
article thumbnail

Highland Electric Transportation raises $253M to accelerate electrification of school fleets

Green Car Congress

The financing was led by Vision Ridge Partners with participation by Fontinalis Partners and existing investors. Highland Electric Transportation is headquartered in Hamilton, Massachusetts, neighboring its first customer, the City of Beverly.