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Intelligent Energy and Suzuki Motor Corporation establish joint venture company to develop and manufacture fuel cell systems

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Intelligent Energy and the Suzuki Motor Corporation have created a joint venture company called SMILE FC System Corporation to develop and manufacture air-cooled fuel cell systems for a range of industry sectors. Under the terms of the contract, both companies will take a 50% stake in the joint venture.

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Biogasoline company Terrabon files for Chapter 7 liquidation

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Terrabon, a company commercializing a waste-to-biogasoline technology developed at Texas A&M, ( earlier post ), has filed for bankruptcy protection under Chapter 7 of the Federal bankruptcy laws. In January 2011, Terrabon, Inc. Earlier post.). Terrabon, Inc. The MixAlco technology converts biomass to bio-gasoline.

Companies 262
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Four new corporate partners join DOE National Clean Fleets Partnership

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Four new corporate partners—Best Buy, Johnson Controls, Pacific Gas and Electric, and Veolia—are joining the US Department of Energy’s (DOE) National Clean Fleets Partnership, a broad public-private partnership that assists the nation’s largest fleet operators in reducing the amount of gasoline and diesel they use nationwide.

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CompactGTL forms partnership with Fluor Corporation

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In addition, the five-year framework contract will also cover putting the results of data from CGTL’s various demonstration plants into commercial practice, execution of feasibility and scoping studies and support the delivery of CompactGTL’s EPC (Engineering Procurement & Construction) contracts. Conceptual view of CompactGTL system.

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Lux Research: smart grid, energy storage, and EV M&A hits $2.4B in 1H 2011; start-ups selling at bargain prices

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Merger and acquisition (M&A) deals in the smart grid, energy storage, and electric vehicle (EV) sectors during the first six months of 2011 already totaled twice those made during all of 2010, and many more cash-starved start-ups are due for the auction block, according to a new report from Lux Research. M&A transactions totaled $2.42

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Alcoa and CPI to establish China JV for high-end fabricated aluminum products; aerospace, automotive, commercial transportation, consumer electronics and packaging markets

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Alcoa and China Power Investment Corporation (CPI) have finalized an agreement to establish a joint venture company to produce high-end fabricated aluminum products for the China market. The two partners had signed a Letter of Intent in September 2011. The new joint venture company, Alcoa CPI (China) Aluminum Investment Co.

China 220
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SAE to hold 2011 Vehicle Battery Summit in November in Shanghai

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SAE International will hold the 2011 Vehicle Battery Summit in Shanghai, 14-15 November 2011. Designed to integrate the most recent battery innovations with lessons learned in recent EV/PHEV commercialization efforts, this year’s Summit will build significantly on the knowledge presented at last year’s highly successful (2010) Summit.

2011 225