Electric Hydrogen has announced it has secured a contract to supply two 120 MW HyprPlant electrolyser modules, totalling 240 MW, to Synergen Green Energy for its flagship green ammonia project in Texas. These factory-built PEM electrolysers are designed to significantly lower installation costs (by about 60%) and support efficient green hydrogen production. Once operational by Q4 28, the facility is expected to produce c.210,000 tonnes of ammonia annually, targeting both maritime and industrial applications in Europe and Asia. This project marks Electric Hydrogen’s 3rd large-scale US deployment, following agreements with Infinium’s Project Roadrunner and HIF Global’s e-fuels facility, showcasing the company's growing leadership in modular green hydrogen. Leveraging renewable power from solar and wind, the project aligns with industry efforts to decarbonise traditional ammonia production. Synergen aims for sub‑$1,000/kW installed costs, while Electric Hydrogen’s swapping skid approach allows fast on-site assembly and straightforward maintenance.
Massimo Group has announced the introduction of a Fleet & Commercial Vehicle Program, aimed at organisations such as municipalities, campus services, security operations, and commercial facilities. This move shifts the company’s focus from retail to high-utilisation fleet markets, thus emphasising reliability and scalability. Central to the program is the MVR HVAC EV series, designed for year-round use with fully enclosed cabins featuring heating and air conditioning. These features enhance operator comfort, reduce downtime, and support extended duty cycles in diverse climates. The vehicles are zero-emission, aligning with sustainability goals while offering predictable lifecycle costs. Massimo’s go-to-market strategy includes participation in national and regional trade shows, targeted outreach campaigns, pilot deployments, and dedicated sales teams. This program prioritises repeat purchases and fleet-wide consistency, aiming to deliver durable solutions for commercial clients. Massimo emphasised that fleet and commercial customers are key to expanding its market reach and diversifying revenue streams.
Neot e-motion, the pan-European leasing platform led by Neot Capital, has announced it has secured €125m in senior financing from MUFG. The 16-year hybrid facility combines an RCF and long-term project loans. This funding marks the platform’s 1st major debt arrangement, complementing €350m in equity raised from Alba Infra Partners, Mirova (via its Energy Transition 6 fund), and Banque des Territoires. Together, equity and debt financing create a strong capital foundation to accelerate low-carbon mobility projects across Europe. Already, the financing is enabling early-stage project structuring and deployment, with capacity expected to grow alongside the platform expansion. The debt facility underscores MUFG’s ongoing confidence in Neot Capital’s strategy; MUFG had previously supported the refinancing of Neot Green Mobility, Neot e-motion’s sister platform. This partnership reflects a shared commitment to funding sustainable transport solutions. Neot e-motion offers scalable financing tailored to various technologies and markets in the low-carbon mobility sector, including fleets and infrastructure. According to Neot Capital, the deal provides durable leverage to rapidly bring new projects to life. MUFG’s structured finance team highlighted its role in supporting mobility decarbonisation by aligning with industry trends. The transaction strengthens the platform’s financial architecture, enabling it to support a range of clients, transport operators and public authorities, while reinforcing Neot Capital’s leadership in Europe’s sustainable mobility financing space.
The Port Authority of New York and New Jersey (PANYNJ) have announced they have approved a $45bn capital plan for 2026–2035 to upgrade its bus infrastructure and broader transport network(s). Central to the strategy is the replacement of the 75-year-old Midtown Bus Terminal with an $11bn redevelopment featuring a redesigned terminal, new ramps, enhanced Lincoln Tunnel access, support for electric buses, a 3.5‑acre public plaza, and street-level retail. Construction will occur in 2 phases: Phase 1, for ramps and staging facilities by 2030; Phase 2, for the terminal and public realm by 2035. To sustain operations, the plan includes revised carrier fees and toll structures for minibuses and larger buses starting in 2026. The initiative also allocates funds for rehabilitating the Lincoln Tunnel Helix and Outerbridge Crossing. Furthermore, PANYNJ will invest in PATH rail upgrades, airport and seaport improvements, and infrastructure resilience, as well as sustainability and technological enhancements. Interestingly, the plan operates on a self-funding model, with around two-thirds of revenue coming from ancillary sources like leases and landing fees.
Volkswagen Commercial Vehicles (VWCV) has achieved a reduction of 100,000 tonnes of CO2 at its production sites by transitioning to renewable energy sources. Key initiatives include switching entirely to green electricity, installing solar panels at the Września plant, and commissioning a biomass combined heat and power plant in Hanover. These steps are part of VWCV’s strategy to reach climate-neutral production by 2040. In Września, the plant now operates self-sufficiently with solar energy, while Hanover benefits from heat generated through biomass. Alongside these clean energy transitions, the company is investing in its facilities to support future EV production, such as laying the groundwork for eCrafter production at Września. By combining green electricity, solar power, and biomass heating, VWCV is substantially reducing its carbon footprint and showcasing how renewable technologies can be embedded across automotive manufacturing processes. This reinforces its leadership in sustainable commercial vehicle production and highlights its role in driving broader industry-wide decarbonisation.
FirstGroup has announced it has acquired J&B Travel Limited, a Leeds-based coach operator with over 40 years of experience. The acquisition adds about 15 modern, fully wheelchair-accessible coaches and retains around 25 employees, including General Manager Paul Lynn, who will continue to lead the operation. J&B Travel offers home-to-school services, private hire and has been operating in partnership with FlixBus since April 2025. This move further strengthens FirstGroup’s presence in West Yorkshire and aligns with its broader strategy to expand its coach division. Following recent acquisitions of Tetley’s Coaches (July 2025) and York Pullman (2024), this deal underscores a pattern of regional consolidation. FirstGroup highlights J&B Travel’s strong safety record, reliable service, and high-quality fleet as reasons for the strategic fit. The acquisition ensures continuity: all existing contracts, bookings, and ongoing operations will proceed uninterrupted, now supported by First Bus’s operational expertise and investment capacity. Andrew Jarvis, MD of Business & Coach at First Bus, emphasised maintaining long-term partnerships and openness to similar future opportunities. Paul Lynn welcomed the deal as a positive step, assuring customers that the team’s core values and service standards will remain intact, but with enhanced backing and resources.
Namibia’s SDG Namibia One Fund has announced it has committed up to $5.15m in development funding for Zhero Europe’s flagship Zhero Molecules Walvis Bay Project. To recap, this fund is a blended-finance facility managed by Climate Fund Managers and backed by the EU’s Global Gateway and Invest International. This early-stage capital will support feasibility studies and technical design work ahead of the final investment decision, expected by 2027. The ambitious industrial-scale green ammonia facility, set to launch operations by 2030 near Walvis Bay, is projected to produce 500,000 tonnes of green ammonia annually while avoiding 1.2 million tonnes of CO2 emissions each year. The project integrates a vast renewable energy system featuring 3 GW of solar photovoltaic capacity, 2.2 GWh of battery storage, a 1.6 GW electrolyser, 110 km of transmission infrastructure, and a desalination plant. It is expected to generate c.6,000 jobs during construction and 500 permanent roles thereafter, thus boosting local economic development and creating business opportunities in the region. Once operational, the green ammonia will be exported globally for use in fertilisers, maritime fuel, and industrial processes, advancing both Namibia’s energy transition and global decarbonisation efforts.
West Berkshire Council has announced plans to install more than 600 new EV charge points across its district, including Newbury, Thatcham, and rural villages such as Chieveley and Pangbourne. The initiative, delivered in partnership with Connected Kerb, aims to make EV adoption easier for residents, particularly those without driveways or private parking. The project is supported by £382,000 from the Department for Transport’s Local Electric Vehicle Infrastructure fund, alongside additional private investment from Connected Kerb. In addition to the initial rollout, infrastructure for a further 300 future charge points will be included to accommodate growing demand in public car parks and on-street locations. Installations are scheduled to begin in 2026, with specific sites confirmed after feasibility studies. The 20-year contract includes capped tariffs to keep charging affordable, a revenue-share model, and strict service level agreements to ensure reliability. At the end of the contract, all infrastructure will transfer to the council. Council representatives described the project as a significant step towards achieving climate and transport goals, while Connected Kerb emphasised the importance of giving residents confidence to switch to EVs and supporting the district’s net-zero ambitions.
Deals
PopWheels, a New York-based startup tackling e-bike battery fire hazards, has secured $4.7m in a funding round, which includes $2.3m in capital and a $2.4m credit line, to expand its micromobility battery-swapping infrastructure. Investment was led by Partnership Fund for NYC, MetaProp, Closed Loop Ventures, and New York Ventures. With c.80,000 delivery riders in NYC, frequently charging batteries in unsafe environments, the FDNY reported 33 fire-related deaths over the past 5 years. PopWheels addresses this by offering a $75/month subscription service where riders exchange depleted batteries at kiosks, eliminating risky charging in homes or basements. The company owns and monitors its batteries, ensuring safe lifecycle management. A pilot with NYC DOT found 90% of participants stopped charging at home using PopWheels kiosks. The startup aims to scale across NYC, Washington, D.C., and a further 8–10 North American cities. Its service offers riders more reliability and income potential by reducing downtime. Interestingly, PopWheels celebrated its 100,000th battery swap within 6 months, signalling rapid adoption.
Nirvana Insurance, an AI-powered commercial insurer focused on the trucking industry, has secured $100m in a Series D funding round that boosts its valuation to $1.5 billion, nearly double its $830m valuation just 9 months earlier. Led by Valor Equity Partners, investors such as Lightspeed Venture Partners and General Catalyst also participated. This round is positioned as pre-emptive, providing capital ahead of urgent need. This startup leverages real-time telematics and ML models trained on more than 30 billion miles of driving data. Its approach empowers fleets with safer driving incentives, such as up to 20% discounts on insurance premiums, while speeding up underwriting and claims processing in real time. The platform combines proactive accident prevention tools with dynamic risk-based pricing. Even amid a downturn in insurtech funding, where global investment in 2025 dropped to c.$4bn, Nirvana’s rapid premium growth, expanded product suite, and doubled staff count (c.200 employees) showcase its momentum. The newly raised capital will further support its vision of building the world’s first AI-native operating system for commercial insurance.