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USDA to award $11M loan guarantee to Oregon biorefinery

Green Car Congress

Novus is working with an Oregon lender, Old West Federal Credit Union, to finance the project. The biorefinery will be built on land owned by the Port of Morrow, one of the largest ports in Oregon. USDA has financed projects in Florida, Georgia, Iowa, Louisiana, Michigan, Nevada, New Mexico, North Carolina and Oregon.

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2018 Honda Clarity Electric hits dealerships in California and Oregon with $199 lease deal

Green Car Reports

The 2018 Honda Clarity Electric car rolled into California and Oregon dealerships this week, but nobody can buy it. That figure reflects the $7,500 federal tax credit, which Honda finance will keep as part of the capitalized cost reduction of the lease.

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EPA Awards $20M in Recovery Act Funding for Clean Diesel Finance Program

Green Car Congress

The US Environmental Protection Agency (EPA) announced three recovery act grants totaling $20 million in funding for the SmartWay Clean Diesel Finance Program. Overall, the recovery act allotted $300 million for the National Clean Diesel Campaign, $30 million of which will fund SmartWay Clean Diesel Finance Program grants.

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Oregon Governor Signs Climate Change Bills, Including Low Carbon Fuel Standard and B2

Green Car Congress

Oregon Governor Ted Kulongoski signed into law a series of bills constituting a climate change package that includes a low carbon fuel standard (LCFS), a B2 mandate, and other transportation-related measures. The series of bills the Governor signed into law today include: House Bill 2186. House Bill 3463. House Bill 3039.

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Waste-plastic-to-crude company Agilyx obtains $25M Series C financing

Green Car Congress

Since then, the Oregon-based company has hit a number of milestones—including closing $25 million in sales, tripling its workforce, and increasing its oil production and revenue. Agilyx says it is also the only company with a known refinery off-take agreement in place and crude oil shipments underway.

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Global geothermal industry passes 12,000 MW operational

Green Car Congress

New geothermal power came on line in Kenya, New Zealand, Nicaragua, Turkey, and Mexico, as well as Oregon, Nevada and Utah in the United States. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

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Much-loved EV startup Arcimoto warns of bankruptcy, idles factory

Teslarati

The company also noted that it had idled its factory in Eugene, Oregon because it was almost out of funding. Our need to raise additional funds to sustain operations and reach our vehicle production goals is dependent on how quickly we can secure financing and reduce the cost of our vehicles. “We

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