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EV Fast Charging Disincentives

by Daryl Roberts DC Fast Chargers (DCFCs) and Tesla superchargers are a key element in electric vehicle (EV) charging infrastructure that could facilitate wider adoption of EVs by enabling recharging that comes to resemble the time currently taken for gas station stops, and thereby reducing “range anxiety” for drivers. However, the pricing structure for electrical costs incurred at commercial DC fast chargers is currently prohibitive, because it includes a special fee called a “demand charge”. Rate design in a number of states includes this additional charge, based on the “peak rate” on electric power consumed in kW. In New York,...
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Low Carbon Fuel Rules: From CAFE to LCFS and Everything In Between

The Whole Darn Low Carbon Landscape. How they Work, How they Work Together, and How they Might Work Better by Joanne Ivancic, executive director, Advanced Biofuels USA The Trump Administration is taking a new look at Obama Administration era Co2 regulations.  On the transportation side, these include reviewing Corporate Average Fuel Economy (CAFE) standards; threatening to take away California’s authority to set their own mileage and pollution controls, including CO2 (carbon dioxide) emission reduction standards; and quarreling with the petroleum and biofuels industries over implementation and enforcement of the Renewable Fuel Standard (RFS). Thus, the Clean Air Act (CAA), California’s unique authority...
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Rapidly Growing Alternative Energy Companies

The last post highlighted several companies in the alternative energy, conservation and environment technology fields that have delivered exceptional price performance over the last year.  Prospects for growth in sales or earnings appeared to be key drivers of the price movement.  It makes sense to seek indicators of growth as cues for those companies that may become tomorrow’s price movers. Crystal Equity Research’s novel alternative energy indices were a good place to go on a ‘quest for growth.’ Beach Boys Index  -  Biodiesel The two analysts who publish estimates for Renewable Energy Group (REGI:  Nasdaq)apparently expect a surge in growth in the current year followed by a leveling...
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List of Natural Gas Vehicle Stocks

Natural gas vehicle (NGV) stocks are publicly traded companies whose business involves the use of natural gas (compressed natural gas (CNG) or liquefied natural gas (LNG) as a transportation fuel.  See also the lists of efficient vehicle stocks, alternative transportation stocks, electric vehicle stocks, hydrogen stocks, fuel cell stocks, biofuel stocks, biodiesel stocks, and ethanol stocks for other companies reducing the use of petroleum in transportation. Cheniere Energy, Inc (LNG) Clean Energy Fuels (CLNE) Landi Renzo S.p.A. (LR.MI, LDRZF) Power Solutions International (PSIX) Westport Innovations Inc. (WPRT). If you know of any natural gas vehicle stock that is not listed here and should be, please...
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List of Efficient Vehicle Stocks

Efficient vehicle stocks are publicly traded companies that produce technologies allow cars, trucks, aircraft and ships to travel the same distance and carry the same loads using less fuel.  Includes electric and hybrid electric vehicles, as well as other improvements that reduce fuel use.  Similar to Alternative Transportation stocks, which reduce overall fuel use by shifting passengers or freight to more efficient types of vehicles.   AeroVironment, Inc. (AVAV) BorgWarner (BWA) Blink Charging Co. (BLNK) BYD Company, Ltd. (BYDDY) CDTI Advanced Materials, Inc. (CDTI) CPS Technologies Corp. (CPSH) Enova Systems, Inc. (ENVS) EEStor Corporation (ZNNMF) Elio Motors, Inc. (ELIO) Evolve Funds Automobile Innovation Index ETF (CARS.TO) Envision Solar International (EVSI) Gentherm, Inc....

Westport’s New High Pressure Direct Injection System

Earlier this week Westport Fuel Systems (WPRT:  Nasdaq) announced a technology breakthrough with its high pressure direct injection system for truck engines using natural gas as a fuel.  A new cryogenic pump has been development for high-horsepower applications and integrated into Westport’s fuel system, which has apparently been demonstrated at higher cylinder pressures.  The company apparently plans to load the innovation, which it called Westport HPDI 2.0, into next generation diesel engines. Investors interested in renewable energy or focused environmental improvements are probably wondering why this little company outside Vancouver, Canada could be important.  The uncomfortable truth is that the world’s addiction to fossil fuel will not...

New Biodiesel Vehicles and Emissions Reduction Estimates

The makers of the world’s favorite advanced biofuel — a/k/a the biodiesel industry — descended upon Texas to mingle, make and renew ties at the 2018 National Biodiesel Conference. And, to champion new ideas and find new supply chain and distribution partners. Bummer that there wasn’t a biodiesel tax credit extension on offer. (UPDATE: The new budget includes the biodiesel tax credit.) Bummer that diesel’s getting a bad rap in the press. Bummer that Tom Petty isn’t with us any more to sing: “I’ll Stand My Ground, I Won’t Back Down, I know what’s right, got just one life in a world’s that keeps on...

Shipping Panic Creates Preferred Arbitrage Opportunity

Tom Konrad, Ph.D., CFA Seaspan Worldwide has several classes of publicly traded securities, with different claims on its income streams. The company owns container ships leased under long term contracts to shipping companies.  The shipping industry is in a massive downturn, raising concerns about its customers' ability to pay. The company's preferred shares have sold off more than half as far as its common stock- far more than justified by its relatively low risk. There exists a 5.5% yield opportunity to buy the preferred and hedge the risk by buying puts on the...

Hyundai Charges Up Green Bond With EVs And Hybrids

by the Climate Bonds Team Hyundai Capital Services issues first Korean corporate green bond for hybrids and electric vehicles (5yrs, 2.87%, $500m) Hyundai Capital Services, the subsidiary of Hyundai Motor Company (005380.KS) that provides loans and leases for new Hyundai and Kia cars, issued a $500m green bond. The inaugural green deal has a 5-year tenor and fixed semi-annual coupon of 2.87%. Lead underwriters for the deal were Bank of America Merrill Lynch, Citi, and Credit Agricole. The green issue is the first corporate Korean green bond and only the third out of Korea after KEXIM’s initial...

EPA Says VW Running Massive Clean Air Scam

Jim Lane  VW is facing up to $18.07 billion in fines; recalls, mandatory vehicle emission fixes on the horizon; investigations underway at EPA and in California as “defeat devices” uncovered that evade clean air regulations. In Washington, EPA issued a notice of violation of the Clean Air Act to Volkswagen AG, Audi AG, and Volkswagen Group of America, Inc. alleging that four-cylinder Volkswagen and Audi diesel cars from model years 2009-2015 carry a “defeat device” which circumvents EPA emissions standards for certain air pollutants. Specifically, the EPA alleges that a sophisticated software algorithm on certain Volkswagen vehicles detects...

MiX Telematics: Fleet Efficiency, Saftey And Security At An African Discount

by Jan Schalkwijk, CFA In a recent article I wrote about the tech sector in Africa, I mentioned a South Africa company called MiX Telematics Ltd (NYSE:MIXT). There is a dearth of investable tech names in Africa and the worry is that investors would have to stretch to gain exposure to African tech. With this company, no stretching is necessary and it thus provides exposure to the African technology sector without comprising on value or quality. MiX Telematics is a company that provides fleet and mobile asset management solutions, delivered through the Software-as-a-Service "SaaS" model. The company seeks...

Bears Are Sniffing At Clean Energy Fuels: Should You?

By Jeff Siegel Clean Energy Fuels (NASDAQ: CLNE) has been having a pretty good year. The stock reached a 2015 high of $10.48 on May 4. Up from $5.03 at the start of the year. But the natural gas fueling company co-founded by legendary oilman T. Boone Pickens took it on the chin today after missing analysts’ estimates for earnings and revenue in Q1. When CLNE first came on the scene, I was a fan. I even recommended the company shortly after it went public. And we did pretty well, eventually clocking out with a gain in...

Tesla Vs. Hydrogen

By Jeff Siegel One of Governor Arnold Schwarzenegger's dreams may soon be coming to fruition. During his time as governor, while singing the praises of renewable energy progress in the Golden State, the Terminator would often tell tree-hugging Californians about his dream of building a hydrogen highway that would enable hydrogen-powered vehicles to run from Mexico to Canada  via California. Not only did Prius drivers and vegans applaud the governor's dream, but it even got a decent amount of support from former GM Chairman Bob Lutz and President George W. Bush. Since that time, California has managed to build...

Honda Natural Gas Civic Sales Sputter

By Jeff Siegel I learned today that sales of Honda's natural gas Civic tanked 65% in 2014. I didn't even know they were still trying to sell those things! I actually remember a few years ago, attending a car show and talking to a Honda rep who was pushing this thing. I didn't have the heart to tell him he was barking up the wrong tree when he tried to sell me on all the benefits. What benefits? Inferior fuel economy, a clunky ride, and no infrastructure? Sure, there was the special fueling unit that could be installed in...

Electic Vehicle Subsidies May Clear A Lane In Chinese Traffic Jam

Bottom line: Traditional car makers will suffer from weak sales growth and plunging margins in China in 2015 and into 2016, while EV makers will start the new year slow but could see improvement by the end of 2015. A flurry of headlines this week are sending ominous signals for the car industry in the year ahead, with both traditional and new energy vehicle makers likely to face an uphill road as China’s economy slows. The problem could be compounded as big new capacity comes online from many major automakers that have invested billions of dollars on expansion over...

HydroPhi: Turbocharging Trucks With Hydrogen

by Debra Fiakas CFA Casting about for alternatives to burning fossil fuels for energy, hydrogen is a logical candidate.  It is the most abundant chemical on the planet and the energy density of compressed hydrogen is about 5.6 milli-joules per liter.  This compares to 32.4 mj/l for gasoline and 4.3 mj/l for a lithium ion battery.  That is where the romance ends and the realities of hydrogen begin.  Hydrogen poses a safety risks, particularly in transportation and distribution.  Hydrogen gas leaking into the air may spontaneously ignite.  Extremely low temperatures will turn it into a liquid, but that...