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The NewYork City Council passed a bill mandating that the city’s school bus fleet be fully electric by 1 September 2035. The bill passed with 44 votes in favor and one vote against. Mayor Bill de Blasio is expected to sign the bill into law.
million gallons US)—50% larger than its existing facility in Hamilton, Ontario—and will be located within the IMTT terminal in Bayonne, New Jersey, at NewYork Harbor. The IMTT terminal at NewYork Harbor is a 600-acre facility within which BIOX has secured 3.5 —Kevin Norton, CEO of BIOX.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Financing Project VGV: the Green Redemption Fund. Private green funds could help finance a global fund. Diagram: Isabelle Plat.
Within the next three years, Toyota’s three separate North American headquarters for manufacturing (Erlanger, KY); sales and marketing (Torrance, CA); and corporate operations (NewYork, NY) will relocate to a single campus in Plano. Toyota’s North American finance arm also plans to move its headquarters to this new shared campus.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Marathon, based in NewYork, NY, is an opportunistic global credit event-driven manager with approximately $15 billion in assets under management. Workhorse Group Inc.,
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
Equinor has secured $3 billion to financeNewYorks Empire Wind 1 offshore wind farm, which will provide power for 500,000 homes when it comes online in 2027. Its set to become the first offshore wind farm to connect directly to NewYork Citys grid.
Exelon Corporation will provide equity financing for 21 megawatts (MW) of Bloom Energy solid oxide fuel cell (SOFC) projects at 75 commercial facilities in California, Connecticut, New Jersey and NewYork.
EV seed-stage company Tenet , which offers consumer loans for EVs, today announced it has secured $25 million in a first-of-its-kind warehouse facility from NY Green Bank for EV loan financing that originates in NewYork State. . The post NewYork State is funding an EV-only consumer loan platform appeared first on Electrek.
Tesla has spent $18 million to expand its Supercharging presence in NewYork City as it acquired a lot in the borough of Queens on August 16. Perhaps one of the most difficult parts of being an electric vehicle owner in NewYork City is the fact that charging is in short supply, leading to a problematic ownership experience.
The NewYork State Public Service Commission (PSC) has granted the Beacon Power Corporation a Certificate of Public Convenience and Necessity (CPCN) for its proposed 20 MW flywheel frequency regulation plant in Stephentown, NewYork, and approved the project’s overall financing. Earlier post.).
from the US, and NewYork climate investor Albert Wenger. The result is a new level of performance due to its extra resistant properties (extreme acidic resistance with up to 150 ºC versus 50 ºC from other membranes). Source: DiviGas.
Pioneering methods to accelerate electric fleet adoption, AMPLY Power will demonstrate and document its Charging-as-a-Service approach for an all-electric school bus fleet in NewYork City. The $1-million project is being funded by the NewYork State Energy Research and Development Authority (NYSERDA).
Westinghouse has obtained $800 million in debtor-in-possession (DIP) financing from a third-party lender to help fund and protect its core businesses during its reorganization. The Chapter 11 filings took place in the US Bankruptcy Court for the Southern District of NewYork in NewYork City.
Tesla has reportedly expanded its land presence in NewYork City by leasing a 150,000-square-foot lot in College Point, Queens. We know Tesla intends to use it for Supercharging based on documents filed with the NewYork City Department of Finance — Office of the City Register.
As previously announced, the partnership provides Uber drivers a discounted package for a Wallbox Pulsar Plus charger, installation and the option to finance the package. Phoenix, NewYork and Boston in February. The roll-out is expected to follow four phases: os Angeles, Portland and Seattle in January.
There will be a Polestar Space in Los Angeles, NewYork City, and two in the Bay Area this year, with additional Spaces expected to open in Boston, Denver, Texas, Washington D.C., Torque is 487 ft-lb (660 N·m), and the target range is 275 miles. and Florida in the first half of 2021.
The state governments of Basque Country, NewYork State, Quebec, South Australia and Victoria also joined the group. The business and government partners aim to achieve this through brokering international fleet procurement alliances, developing national, state and municipal policy frameworks, and financing solutions.
This service can also provide debt financing or secure grant funding to reduce capital expenditures and implement resiliency plans as needed. The offering includes managing utility administration and interconnection, as well as establishing an optimal charging strategy based on drive and duty cycles.
NewYork City Clean Air Taxi rules are successful in cutting emissions and reducing air pollution, [link] to a new study by researchers at the Columbia University Mailman School of Public Health and Drexel University. —Dustin Fry, MPH, a researcher at Drexel University Dornsife School of Public Health. Tabb, Gina S.
In the Principles, launched one day ahead of the UN Climate Action Summit in NewYork, banks commit to align their business strategically with the goals of the Paris Agreement on Climate Change and the Sustainable Development Goals, and scale up their contribution to the achievement of both.
Via , a company that provides digital infrastructure to power public mobility in cities around the world ( earlier post ), has raised a Series E financing led by EXOR. The financing values the company at $2.25 First launched in NewYork City in 2013, Via’s technology is now deployed globally, including in Europe as ViaVan.
Red is a great color for many Italian cars, but the problem for Maserati is that it has been seeing the color more in its finances than on an exciting new car. We'll note here that the brand does have a press conference planned at this week's NewYork Auto Show. Images: Maserati] Become aTTAC insider.
Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.
Sept 24, 2009, NewYork City ( Sourced from prnewswire ) - The Clinton Global Initiative announced this afternoon a breakthrough for the long overdue clean energy retrofitting of America’s homes, commercial and apartment buildings. PACE stands for Property Assessed Clean Energy. Big props to each of them as well!
(ABIC), a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement under which ABIC will combine with LiveWire, Harley-Davidson’s electric motorcycle division ( earlier post ), to create a new publicly traded company.
The new trainsets will operate along the Washington – NewYork – Boston Northeast Corridor initially at speeds up to 160 mph (258 km/h) and will be capable of speeds up to 186 mph (300 km/h) and thus will be able to take advantage of future NEC infrastructure improvements. million passengers in FY 2002 to 3.5 million in FY 2014.
For example, NewYork State taxes for both diesel and gasoline rose $0.088/gal in January 2023 compared with July 2022. The 2022 “Inflation Reduction Act” reinstated the Hazardous Substance Superfund financing rate on domestic crude oil and imported petroleum products, which refinery operators and importers pay.
Eos Energy Storage, a developer of zinc-air grid-scale battery technology, completed its $15-million Series B financing round with participation from a syndicate of 21 strategic and financial investors. Eos has developed Znyth, a zinc hybrid cathode battery technology. Two high-profile investors in this round are Princeton, N.J.-based
The 6th annual Renewable Energy Finance Forum-Wall Street (REFF-Wall Street) will occur on 23-24 June at the Waldorf Astoria in NewYork City. The event brings together industry veterans to discuss the issues associated with renewable energy finance in the US.
It opened in 1948 as NewYork International Airport, although it was typically referred to then as Idlewild. The New Terminal One will have what its creators have said is the largest solar array at any US airport, which will power a fleet of electric vehicles used at the terminal both landside and airside.
Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states. Last week, Lightning eMotors and GigCapital3, Inc.,
Speaking this week at the Bloomberg New Energy Finance conference in NewYork, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. by Jon LeSage for Oilprice.com. Maybe even decline. ”. Maybe even decline. ”. These are great cars.
Attis expects to finance the transaction with non-dilutive financing. In 2013, NewYork created a farm brewery law to provide licenses only to those farmers whose beer is made primarily from locally grown farm products. Partnership with Novozymes.
million seed round closed in February, 2010, financed in large part by Chesonis and Jack Baron, Sweetwater’s President and Chief Operating Officer. The technology generates separate and concentrated individual streams of C 5 and C 6 sugars. Sweetwater’s initial $1.2
TWAICE, a battery analytics company, has secured $30 million in additional Series B financing led by global investment firm Coatue. The funds will be used to further optimize TWAICE’s cloud analytics platform and expand its presence in Europe and North America, including growing its new Chicago-based office.
The EV Taxis are supplied by Geely Auto Group and the financing for the vehicles was provided locally by Sichuan Tianfu Bank Co Ltd. The company is headquartered in NewYork, NY, and has offices in Beijing, China. The taxis are part of a mandate in Sichuan province to convert all licensed taxis to clean energy vehicles.
Under the terms of the letter of intent, Valero would potentially invest up to $50 million of the equity required to finance the project through Frontier Kinross LLC, a subsidiary of Frontier, and would enter into an off-take agreement for the project’s ethanol production.
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.
Orange EV, a manufacturer of battery-electric heavy-duty trucks, announced that fleets in the state of NewYork can now save up to $150,000 per T-Series pure electric terminal truck (the 160 kWh model; the 80 kWh model is approved for a $123,960 voucher). Traditional equipment financing programs are also available.
The report offers three case studies—Belgrade, Seoul and NewYork City—to show how those cities have already improved their transport systems. And NewYork City shaved 11 minutes off travel times within a year of introducing express bus services, while at the same time attracting more passengers.
—Eban Goodstein, director of Bard College’s Center for Environmental Policy in NewYork. are among the first to apply these new methodologies with pilot projects, confirming that funding such as Chevrolet’s is strategic to their other efforts to reduce greenhouse gases. Ball State University in Muncie, Ind.
Groupe Renault also has a well-established and profitable financing business (RCI Banque). The FCA proposal follows initial operational discussions between the two companies to identify products and geographies where they could collaborate, particularly as they develop and commercialize new technologies.
The funds will be used for overseeing assessment and cleanup of leaks from underground storage tanks or directly paying for assessment and cleanup of leaks from federally regulated tanks where the responsible party is unknown, unwilling or unable to finance, or the cleanup is an emergency response. NewYork: $9M. Georgia: $4.9M.
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