Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

Green Car Congress

Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Cool Planet is moving aggressively to commercialize its technology and scale production of its renewable fuel and CoolTerra products.

2014 102

Gevo closes $25.9M financing with Whitebox Advisors

Green Car Congress

a leading renewable technology, chemical products, and next generation biofuels company, has closed a private debt financing with Whitebox Advisors LLC consisting of a senior secured term loan exchangeable into senior secured convertible debentures. The term loan is exchangeable into convertible debentures within 90 days of the closing of the financing, subject to certain ownership limitations. million in convertible debentures within 90 days of closing of the Financing.

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Wendy Greuel Our Best Bet To Get To 100% Renewable Energy In Time

Creative Greenius

And what I myself need from our next Representative in the House is the person who will most effectively help me drive the South Bay to 100% renewable energy as we transition off of fossil fuels in the next decade.

2014 233

BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

Investment in new wind, solar, and other non-large hydro renewables projects in the country fell to $86 billion in 2018 from $122 billion in 2017. New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China.

2019 88

Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. Enerkem is now registered for D3 Renewable identification numbers (RINs) credits. Canada-based Enerkem Inc.,

2018 95

Big Coal Doomed: Not By Climate Rules But Fracking & Finance

Green Car Reports

And that's even before the slowly improving economics of renewable sources come into play, from home solar photovoltaic panels to huge. Carbon Footprint EPA natural gas climate change electric utilities regulation renewable energy energyCoal is the worst fossil fuel, that much is clear. Its carbon footprint per kilowatt-hour of electricity when it's burned by electric utilities to make electricity is far, far higher than that of natural gas.

2015 86

Valero providing construction financing for Valero-Diamond renewable diesel JV

Green Car Congress

A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. The facility will be capable of producing more than 9,300 barrels per day or 137 million gallons per year of renewable diesel on a site adjacent to Valero’s St.

Park City Transit deploying six Proterra electric buses; battery-lease financing model

Green Car Congress

Selected to serve the region’s renowned ski resort community, the Proterra fleet supports Park City’s and Summit County’s transition toward renewable energy and the reduction of its overall carbon footprint. The Park City region deployment not only marks the first battery-electric transit fleet for Utah and the nationwide mountain resort industry, it also represents the first implementation of Proterra’s battery-lease financing model—i.e.,

2017 68

2015 hydrogen student design contest: hydrogen fueling station business and financing models

Green Car Congress

The Hydrogen Education Foundation announced the 11 th annual Hydrogen Student Design Contest, which will challenge student teams to develop business and financing models for hydrogen fueling stations. Registration for the Contest, which is supported by the US Department of Energy’s Office of Energy Efficiency and Renewable Energy and the National Renewable Energy Laboratory, is open at www.hydrogencontest.org until 16 January 2015.

2014 86

Elevance Renewable Sciences raises $100M in Series C Financing; Total Energy Ventures joins in

Green Car Congress

Elevance Renewable Sciences, Inc., which is commercializing olefin metathesis technology for renewable fuels and chemicals, has raised $100 million in its Series C financing round. Naxos Capital Partners led the round with additional new investors, including Total Energy Ventures International, joining TPG Biotech and TPG Growth in the financing.

2010 74

Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners.

“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.

2013 140

Global Bioenergies picks up new €1.4M financing for isobutene program; targeting Germany expansion

Green Car Congress

France-based Global Bioenergies, the developer of a one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, has obtained new €1.4-million (US$1.6-million) financing from Bpifrance on the isobutene program. This financing, which allows Global Bioenergies to strengthen its leadership in the field of fermentative isobutene, is structured in the form of a €1.4-million interest-free loan over seven years.

2015 73

Algenol closes on additional $25M internal equity financing

Green Car Congress

Algal fuels producer Algenol has closed on a $25-million dollar investment from BioFields, a Mexican business group devoted to the development of renewable and clean energy projects. The algal bio-oil can be used to produce biodiesel, renewable diesel, or other bio-oil-derived products. This new investment follows a previous investment of $40 million from BioFields in 2014.

2015 71

ClearEdge Power completes $73.5M Series E financing round

Green Car Congress

million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes. New investor Artis Capital Management led this round, which also included Austrian-based Güssing Renewable Energy; Southern California Gas Company, a regulated subsidiary of Sempra Energy; and existing investor Kohlberg Ventures. Stationary fuel cell manufacturer ClearEdge Power has raised $73.5

Amyris secures $42.25M financing, begins Biofene production in Brazil

Green Car Congress

Renewable chemicals and fuels company Amyris, Inc. In addition, Amyris announced its purpose-built industrial fermentation facility in Brazil has successfully begun production of Biofene, Amyris’s brand of renewable farnesene. We are encouraged by the continued, strong commitment from our major investors, particularly as we start up our new industrial fermentation facility for the production of our renewable hydrocarbons in Brazil.

NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

Green Car Congress

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. In addition to the common stock investment, NRG Energy has extended a $40 million revolving construction and term financing facility for the purpose of accelerating project development by FuelCell Energy and its subsidiaries. per annum for construction-period financing and 8.0% FuelCell Energy, Inc.,

2014 84

Green Biologics secures $76M in financing; repurposing MN ethanol plant for n-butanol and acetone

Green Car Congress

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. Green Biologics (GBL) closed an internal follow-on equity round of $42 million co-led by Swire Pacific Limited and Sofinnova Partners.

2015 76

CO2-to-chemicals company Liquid Light raises $15M Series B financing; process scale-up and application validation

Green Car Congress

Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. New investors include Sustainable Conversion Ventures, which focuses on renewable fuels and chemicals investments. The financing was completed at a significant increase in company valuation.

2014 76

Renewables to generate half of worldwide electricity by 2050: report

Green Car Reports

Falling prices for lithium-ion batteries will enable half the world's electricity to come from renewable solar and wind by 2050. Those are the conclusions of a new report by Bloomberg New Energy Finance (BNEF), released today. That still won't be enough to meet global climate targets, however. Building on BNEF's Electrc Vehicle Outlook report last. Batteries solar wind energy

2018 65

Bio- and jet-fuel carinata feedstock company Agrisoma closes $15.4M Series B financing

Green Car Congress

Agrisoma Biosciences, an agricultural company that has commercialized carinata, a non-food oilseed crop designed for sustainable production of biofuels, has closed a $15.4-million Series B financing round, co-led by new investor Groupe Lune Rouge and current investors Cycle Capital Management, and BDC Venture Capital.

2017 60

SolarCity and Honda to finance $50M more in solar projects for Honda and Acura customers and dealerships

Green Car Congress

SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. Envisioning a future in which personal mobility products will be powered in large part by renewable energy, the two companies have begun implementing co-marketing programs that specifically encourage owners of either solar-powered homes or plug-in electric vehicles to adopt the complementary product.

2014 76

LevelTen Energy raises $20.5M in Series B; expanding renewable energy procurement platform

Green Car Congress

LevelTen Energy , a renewable energy procurement platform, closed a $20.5-million Series B funding round led by Prelude Ventures, with participation from Constellation Technology Ventures, the venture investing arm of Exelon Corporation, Equinor Energy Ventures, Total Ventures and participants from LevelTen’s Series A funding, including Avista Development, Element 8 Fund, Founders’ Co-op, Techstars Ventures and Wireframe Ventures.

2019 78

Solazyme Raises $52M in Series D Financing Round

Green Car Congress

a renewable oil production and algal biotechnology company, announced that it has raised $52 million in its Series D financing round. Solazyme uses microbial fermentation to produce renewable oil that can be used for clean and scalable fuels, chemicals, nutritional food ingredients and health and wellness products. Solazyme, Inc.,

Enerkem raises C$59M in latest financing round; Valero Energy joins, Waste Management increases investment

Green Car Congress

Waste to biofuels and chemicals company Enerkem announced the closing of C$59 million (US$60 million) in financing. As part of this financing, Valero Energy Corp. With Valero joining Waste Management as a strategic investor, Enerkem becomes one of the very few renewable products companies that is aligned with industry leaders from both upstream and downstream parts of the business.

2011 78

DPG and EPEC Biofuels Holdings LLC Form JV to Finance Sorghum Ethanol and Other Biofuels Projects; Up To $376M for Sorghum Ethanol Project Financing

Green Car Congress

a sweet sorghum ethanol company, to form a platform finance company which will provide project financing for EPEC and select financing initiatives in the biofuels and renewable energy sectors. According to the joint venture agreement between the parties, DPG and EPEC have created EPEC Finance, LLC which has been granted the exclusive rights to fund up to $376 million of project financing for EPEC.

2009 68

BASF invests $30M in supercritical hydrolysis company Renmatix, leading $50M financing round

Green Car Congress

The BASF subsidiary led a $50-million financing round, joined by new and existing investors. Industrial sugars are important renewable resources for the chemical industry and can be used, for example, to produce biofuels or basic chemical products and intermediates by fermentative processes.The availability of industrial sugars in sufficient quantities and at favorable cost is therefore important for the competitiveness of the products.

2012 80

Enerkem raises C$15M in project equity financing for its commercial waste-to-biofuels facility in Alberta

Green Car Congress

Total financing raised by Enerkem in 2011, both at the corporate and project subsidiary levels, now amounts to C$103 million. The Enerkem Alberta Biofuels facility will use the City of Edmonton’s landfill-bound waste to create renewable fuels and chemicals locally. This project equity financing by Waste Management and EB Investments supplements Enerkem’s equity position in the project, along with the C$23.35

2011 76

Clean Energy Zero Now truck orders surpass 250; heavy-duty trucks fueled by renewable natural gas

Green Car Congress

has reached agreement with trucking firms to lease or purchase more than 250 new heavy-duty trucks, fueled by its Redeem RNG (renewable natural gas). In addition, truck fleets financed or purchased through Zero Now will be able to purchase Redeem fuel with a fixed discount to diesel at a significant spread. The company will also be utilizing renewable natural gas where available for this deployment. Clean Energy Fuels Corp.

2019 70

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA).

2015 157

The Further Adventures of The Solangelist

Creative Greenius

So, it’s kind of hard to fulfill my global destiny as the pied piper of solar energy, the impassioned Solangelist preaching from my SunPowered pulpit at the big renewable revival meeting when my rooftop is still covering with nothing but asphalt shingles and raccoon scat.

2008 130

Hawaii opts for EVs and renewable energy

Revenge of the Electric Car

Geothermal is particularly attractive since it’s a “forever&# renewable power source much like wind and solar - but without the intermittency of those clean energy sources. Mr. Agassi has raised $200 million in private financing for his idea. Tags: EV News Production News Renewable Energy Inside Track Geothermal My wife, Zan, and I were recently on the Big Island, Hawaii, and while there we toured the state’s only geothermal plant.

2008 100

INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

Green Car Congress

INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. This is the first large-scale advanced bioenergy project in the United States to finalize its financing in the latest round under the USDA government program to commercialize biorefinery technology.

CPV, GE, DGC secure largest US thermal power project financing in 2011 for 800 MW gas-fired power plant; 23 banks to provide nearly $800M in credit facilities

Green Car Congress

Additional details of the financing were not disclosed. With all permits finalized and the debt financing in place, Gemma Power Systems California, Inc. California is requiring the largest addition of renewable generation of any US state. Competitive Power Ventures, Inc.

2011 93

Renewable Energy Group to acquire Tyson Foods’ half ownership of Dynamic Fuels renewable diesel biorefinery

Green Car Congress

Renewable Energy Group, Inc. Completion of the transaction with Tyson Foods, which is contingent upon the closing of REG’s December 2013 announced agreement to acquire substantially all of the assets of Syntroleum Corporation, would give REG full ownership of Dynamic Fuels and its 75-million gallon per year nameplate capacity renewable diesel biorefinery in Geismar, Louisiana. —Andrew Rojeski, Vice President-Renewable Energy for Tyson Foods.

2014 71

A Few Words on Eco Terrorists, Cowards and Courage

Creative Greenius

These are the people who in the face of science that says we must transition from fossil fuels to renewable energy or destroy the futures of our children and all who come after them, still want to drill for oil that should never be burned.

2014 229

Mascoma and Valero establish JV for commercial-scale hardwood cellulosic ethanol facility; Valero providing majority of financing

Green Car Congress

At that time, Mascoma, Valero, and Mascoma’s operating subsidiary, Frontier Renewable Resources LLC, jointly owned with natural resource management company, J.M. These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan.

2011 74

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 The 103GW of capacity added by new renewable energy sources last year compares to 86GW in 2013, 89GW in 2012 and 81GW in 2011 and made 2014 the best year ever for newly installed capacity.

2015 113

DOE pulls grant funding from BlueFire Renewables cellulosic biofuels plant

Green Car Congress

BlueFire Renewables, Inc., a developers of a cellulosic waste facility in Fulton, Mississippi (earlier post) received notice on 23 December that the US Department of Energy (DOE) would no longer provide funding under the company’s DOE grant due to the company’s inability to comply with certain deadlines related to providing certain information to the DOE with respect to future financing arrangements for the Fulton Project.

2014 74

Gevo and Avfuel enter into renewable jet fuel supply agreement; first long-term commercial supply agreement for Gevo ATJ

Green Car Congress

Gevo has entered into a long-term agreement to supply its renewable alcohol-to-jet fuel (ATJ) to Avfuel Corporation, effective 1 July 2018. Currently, the Silsbee Facility has the capacity to produce approximately 70,000 gallons of renewable hydrocarbon products per year (50% of which is ATJ and 50% of which is isooctane). Gevo has also developed technology to produce hydrocarbon products from renewable alcohols.

2018 73

Global Bioenergies hits two milestones in renewable isobutene project

Green Car Congress

Global Bioenergies has reached two milestones—the labscale performance and the industrial process scale-up—of its process to produce renewable isobutene, one of them more than 2 months in advance. The BioMA+ project is financed by the ADEME in the context of the French “Investissements d’Avenir” State program. In 2013, the Company announced that, as part of its “Investissements d’Avenir” program, the French government had granted financing of €5.2

2015 60

Neste, ReNew ELP and Licella to collaborate in utilization of waste plastic as a raw material for fuels and chemicals

Green Car Congress

Neste, the leading producer of renewable diesel, UK-based chemical recycling company ReNew ELP, and Australian technology developer Licella are collaborating in a development project to explore the potential of using mixed waste plastic as a raw material for fuels, chemicals, and new plastics. ReNew ELP is commencing construction of a chemical recycling plant in Teesside, UK, with a target to recycle end-of-life plastic to produce raw material for a range of petrochemical products.

2018 65

REG expanding footprint at 75M gallon renewable diesel refinery in Geismar

Green Car Congress

Renewable Energy Group will acquire approximately 82 acres of land at its Geismar, Louisiana biorefinery from Lion Copolymer. The transaction is expected to reduce REG’s operating costs and create opportunities for expansion at Geismar, a 75-million gallon annual nameplate capacity renewable hydrocarbon diesel biorefinery that also produces renewable naphtha and renewable liquefied petroleum gas.

2017 60