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New York City Council passes bill mandating all city school buses be electric by 2035

Green Car Congress

The New York 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.

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BIOX to build 100M liter biodiesel production facility at New York Harbor

Green Car Congress

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 New York Harbor. The IMTT terminal at New York Harbor is a 600-acre facility within which BIOX has secured 3.5 —Kevin Norton, CEO of BIOX.

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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

Green Car Congress

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.

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Toyota to establish new North American headquarters in Texas; consolidating from California, Kentucky and New York

Green Car Congress

Within the next three years, Toyota’s three separate North American headquarters for manufacturing (Erlanger, KY); sales and marketing (Torrance, CA); and corporate operations (New York, 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.

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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Marathon, based in New York, NY, is an opportunistic global credit event-driven manager with approximately $15 billion in assets under management. Workhorse Group Inc.,

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New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

Green Car Congress

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”.

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Equinor closes $3 billion for New York City’s first offshore wind farm

Electrek

Equinor has secured $3 billion to finance New Yorks 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 New York Citys grid.

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