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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.
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. Background.
The Minnesota Department of Transportation (Mn/DOT) will recruit 500 people from Wright and Hennepin counties to take part in research to test technology that could someday be used to collect a mileage-based user fee (MBUF) in lieu of a gasoline tax. —Cory Johnson, project manager.
In addition to the $42-million internal equity round, an additional $34 million in funding was raised predominantly in debt financing from Tennenbaum Capital Partners (TCP), along with equity and debt investment rolled over by existing members of Central MN Ethanol Co-op LLC (CMEC) in Central MN Renewables LLC (CMR), a US affiliate of GBL.
million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. ClearFlame Engine Technologies , a growing startup dedicated to the development of clean engine technology ( earlier post ), secured $2.5
Minnesota electrical utility Xcel Energy aims to build a large EV charging network financed by rate hikes, potentially including for customers who don't own an EV.
The Accelerating Alternatives for Minnesota Drivers project will provide safety and technical assistance and training related to Plug-in Vehicle (PEV) and natural gas fueling infrastructure; establish the Minnesota Natural Gas. vehicle implementation; establish a Minnesota green fleet recognition. Project lead. Description.
Closing of the acquisition from Tyson Foods is conditioned on REG’s replacement of the letter of credit Tyson Foods obtained to support issuance of the bonds or completion of a financing sufficient to refinance the bonds prior to 31 December 2014 on terms acceptable to REG.
The agreement is subject to certain conditions precedent, including Gevo acquiring a production facility to produce the renewable hydrocarbon products contemplated by the agreement and closing a financing transaction for sufficient funds to acquire and retrofit the production facility.
Gevo intends to make a decision on whether to purchase the Lake Preston site in the future as part of Citigroup-led project financing. Lake Preston is in eastern South Dakota, about 105 miles from the facility in Luverne, Minnesota. It also has room to expand further, or add other businesses. —Patrick R. Gruber, Gevo’s CEO.
During the first phase, Gevo expects to construct a larger-scale hydrocarbon facility at its existing ethanol and isobutanol production facility located in Luverne, Minnesota, to produce larger quantities of ATJ, subject to Gevo's receipt of sufficient financing.
The supply agreement contains a selling price that is expected to allow for an appropriate level of return on the capital required to build out Gevo’s existing production facility in Luverne, Minnesota. Gevo produces isobutanol, ethanol and high-value animal feed at its fermentation plant in Luverne, Minnesota.
We’re thankful that the Senate Finance committee chose to omit this penalty fee for the millions of Americans that already pay steep state EV-specific state registration fees.
Material is being financed and procured through the New York Power Authority. Paul Metropolitan Council, Minnesota: $1,100,000. Productive Alternatives/Transit Alternatives, Minnesota: $845,000. TIGGER will fund the labor portion of the project only. Ames Transit Agency, Iowa: $1,600,000.
Texas bans assured asset coverage that might value customers greater than 5 % of the quantity financed, and Colorado received’t let sellers worth the protection above $300 or 2 % of the quantity financed, whichever is larger. Minnesota bans the sale of the safety on impaired automobiles significance $5,000 or much less.
In addition to car vending machines, Carvana facilitates vehicle trade-ins, financing, and used car sales in over 300 markets around the US, with the option for local pickup or home delivery of your used vehicle (hopefully an EV). Florida joined the 4%+ threshold, as 5.2% of Carvana’s sales in The Sunshine State were BEV.
states (Illinois, Iowa, Kansas, Michigan, Minnesota, and Wisconsin) and one Canadian province (Manitoba). Auction revenues may be used for the public good by allocating the allowance value to: households as dividends; financing investments and other public expenditures; and. Financing Investments and Other Public Expenditures.
He's currently a senior research fellow at the University of Minnesota's Charles Babbage Institute , where he specializes in the history of technology. Similarly, GE sold off GE Capital for $26 billion after the 2008 finance and banking collapse, which is a far cry from a decade earlier, when it was worth ten times that.
Gillian Flaccus/AP Renters in the United States are now spending 30 percent of their income on rent, leaving little to finance the purchase of a vehicle. She uses an extension cord that plugs into a standard electrical outlet, since DeWhitt and her partner aren’t allowed to use the rental home’s garage.
Barofsky) and $265,865 to KLDiscovery Holdings of Minnesota for the necessary data storage. This included a payment of $5.8 million to the Jenner & Block law firm for independent monitor services (headed by Neil M.
” – March 7, Business Insider via Yahoo Finance. Minnesota State Senator Proposes Electric Fuel Tax – As more residents of Minnesota buy electric vehicles gas tax revenue will decline causing the state to find a way to replace the gas tax money it uses to pay for roads and bridges, said Central Minnesota Sen.
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