Silicon Valley Bank on Monday said it plans to provide at least $5 billion by 2027 in loans, investments and other financing to support sustainability efforts.
ElectraMeccanica Vehicles Corp. (Nasdaq: SOLO), the Canada-based electric vehicle manufacturer and designer, on Thursday revised the timeline of its upcoming assembly facility in Mesa.
Just five months after going public and less than two months after delivering its first vehicles, electric luxury automaker Lucid Group Inc. is being added to the Nasdaq-100 Index. The move is a significant milestone for the California-based company, whose cars are being built at its growing new factory in Casa Grande south of Phoenix. The Nasdaq 100 is made up of the Nasdaq’s largest and best-performing nonfinancial companies, based on market capitalization.
Arizona voters increasingly recognize climate change as a crisis and strongly support actions to shift the state’s investments away from fossil fuels and toward clean energy sources and technologies, according to a new poll released today by the American Lung Association.
On Wednesday, the Arizona Corporation Commission is scheduled to vote on a package of updated clean energy rules that is years in the making. The package now under consideration, which benefits from several recent amendments, is the product of an extensive and bipartisan stakeholder process with significant support from individuals and businesses large and small from across Arizona. Most importantly, these rules allow Arizona to remain competitive with other states by providing the type of robust clean energy commitment that businesses demand before bringing jobs and substantial investment into a state while at the same time providing key protections to make sure the public does not pay more for clean energy.
Zero Electric Vehicles, Inc. has partnered with AAMCO Transmissions and Total Car Care of Mesa, East Mesa, Gilbert/SanTan, Gilbert/Chandler to Electrify Vehicles by establishing an Authorized Service Provider (ASP) network to provide EV vehicle conversions and post conversion warranty support throughout the Southwest US region.
After more than five years of wrangling, Arizona regulators are poised to approve new green-energy standards for state-regulated utilities that supporters say are needed to slow global warming and keep the air clean of unhealthy fossil-fuel emissions.
Amazon announced 18 new utility-scale wind and solar energy projects across the U.S., Finland, Germany, Italy, Spain, and the U.K., totaling 5.6 gigawatts (GW) of procured capacity to date in 2021. Amazon now has 274 renewable energy projects globally and is on a path to power 100% of its business operations with renewable energy by 2025—five years earlier than its original 2030 commitment.
Recurrent Energy, a subsidiary of Canadian Solar Inc., is planning to build a massive energy storage facility in the far West Valley. The Papago Solar + Storage Project will be comprised of 300 megawatts alternating current and 1,200 megawatt hours of energy storage facility in Maricopa County. The project will be built on approximately 2,800 acres and is expected to be fully operational by 2023.
Arizona’s economy is booming. Even with the Covid economic downturn, Arizona’s economy is making steady gains. A recent study by University of Arizona’s Eller College of Management found that Arizona’s recovery from the pandemic gained significant momentum in the second quarter of 2021, with jobs, home sales, and construction showing strong upward trajectories.