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“Management tried repeatedly to protect against (closing) - even going without salaries for six months so that we could keep the company afloat and continue to pay employees,” said Ovan from his office in Chicago. Several military contracts totaling more than $5 million weren’t enough to keep the company afloat.
A consortium is seeking US stimulus funding available through the Federal Transit Administration’s (FTA) Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) program to convert 20 hybrid diesel-electric buses to hybrid dimethyl-ether (DME)-electric propulsion. a developer of fuel injection equipment for DME-fueled vehicles.
says it will pursue funding opportunities arising from the $2 billion allocated for advanced battery technology in the new economic stimulus package. The company has concentrated so far on zinc chloride and lithium batteries, but the Smart NanoBattery can accommodate any chemistry using a liquid electrolyte, depending on requirements.
Seattle, Washington-based EnerG2 , a seven-year-old company focused on introducing advanced nano-structured materials for next-generation energy storage, broke ground on its first facility dedicated to the commercial-scale production of synthetic high-performance carbon electrode material for use in ultracapacitor energy storage devices.
a provider of next-generation lithium-ion battery cells, modules and systems ( earlier post ), has entered a multi-year agreement to provide lithium-ion battery systems to Beijing Electric Vehicle Company (BJEV), the electric vehicle delivery arm of Beijing Automotive Industry Company (BAIC). Boston-Power, Inc., Earlier post.).
The announcement of the new awards comes a day after high-profile solar company Solyndra, which had received a $535-million Federal loan guarantee under the Obama Administration’s stimulus program, ceased operations, laid off its 1,110 workers and filed for bankruptcy. — Washington Post , 1 Sep 2011.
The company continues to work with the Department of Energy in support of its application. In addition to these grants, Bright Automotive has applied for $450 million in government loans under the Energy Independence and Security Act of 2007 Advanced Technology Vehicles Manufacturing Loan Program.
The utility is participating in a national consortium that recently was awarded a federal stimulus grant to purchase plug-in hybrid electric vehicles (PHEVs), and the company is buying more trucks to run on compressed natural gas (CNG) as well. The matching stimulus grant will provide up to $2.5
The battery company, which grew out of a project at SRI started almost a decade ago, has ceased operations. The company had experienced a delay in ramping up operations and could not line up investors to build a factory. Greentech Media reports that lithium-ion startup Imara has ceased operations, due to a lack of funding.
German steel companies thyssenkrupp Steel and HKM and the Port of Rotterdam will jointly investigate setting up international supply chains for hydrogen. The focus is on the production of slabs and round bars, which are further processed within the parent companies.
King County was able to award this contract with the support of Federal Transit Administration (FTA) stimulus funds aimed at providing fuel-efficient and more environmentally friendly transportation solutions.
In March 2020, the IEA urged governments to put clean energy at the heart of their economic stimulus plans to ensure a sustainable recovery. If governments don’t move quickly with the right energy policies, this could put at risk the world’s historic opportunity to make 2019 the definitive peak in global emissions.
GSR Ventures is an early-stage venture capital firm focused on building world-class technology companies in China. Founded in 2004, GSR has more than 50 companies in its portfolio and more than US$1 billion under management. The firm invests primarily in the Internet, wireless, green technology, and semiconductor sectors.
million overhaul, paid for with federal stimulus funds, includes updating test bays, data acquisition systems and laboratory space, and hiring additional staff members to meet the growing demand for Sandia’s battery safety expertise. Those studies included 12 years of testing for the FreedomCAR program and the US Advanced Battery Consortium.
The Dow Chemical Company is organizing a new business that will manufacture advantaged battery materials for the energy storage industry. The combination of unmet technical needs, stimulus for rapid growth in vehicle electrification, and geographic shift creates unique opportunities for Dow.
The company intends to sell the product to diesel producers in Quebec, the Atlantic provinces and possibly the United States, which will include a percentage of biodiesel in their diesel. Biocardel Québec Inc., located in Richmond, Quebec, will produce about 40 million liters (10.6 million gallons US) of biodiesel a year.
The company anticipates making $80 million in capital expenditures in Massachusetts to build up its manufacturing and R&D capabilities there by the end of 2014. With the new expansion, A123 Systems will assemble and commission grid-storage battery systems in Massachusetts.
GreenField is Canada’s largest ethanol company, producing 450 million liters (119 gallons US) in fuel ethanol annually. The Government of Canada’s Economic Action Plan also dedicates $1 billion to the Clean Energy Fund and $1 billion for the Green Infrastructure Fund to provide additional economic stimulus. million (US$78.97
The new engine system will be available the first quarter of 2010 and the company is now taking orders to meet the increased demand for greener fleet vehicles, as the Department of Energy (DOE) starts to award stimulus funds this December. liter engine. million.
Lithium-ion battery company Valence Technology Inc. is considering building a battery plant in the US or Europe and will look into the possibility of funding from the economic stimulus package proposed by President Barack Obama. Statesman.com. Valence currently does most of its production in China. Earlier post.].
KBR will work in support of Chemetall Foote to help the company meet its goal of increasing lithium hydroxide production in response to an increase in demand and forecasted growth of electric vehicles. the parent company of Chemetall, is a leading global specialty chemicals and advanced materials company. Rockwood Holdings, Inc.,
million in federal grant funding under the stimulus package. The Company filed a proposed Disclosure Statement and Plan of Reorganization with the Court and anticipates completing the restructuring process in approximately 45 days. In 2009, Ener1 subsidiary EnerDel received $118.5
In the Stimulus and Future Package, the German Government has given a big boost to the development of Quantum Computers. Working together with companies and start-ups we will identify, develop, trial, and share applications. There are many highly interesting areas, e.g., in logistics, transport, chemicals and the financial sector.
Ford Motor Company and Southern California Edison, in the deployment of plug-in hybrid electric commercial vehicles to more than 50 utility and municipal fleets nationwide. Eaton will also provide infrastructure for the electrical charging of these vehicles.
by Charles Morris At Tesla’s founding back in 2003, no one imagined the massive growth that lay ahead for the company. As co-founder Ian Wright told me in a 2014 interview, “Martin Eberhard’s initial stimulus for starting Tesla was to build the EV he wanted to buy. Originally posted on EVANNEX. Or did they? Elon Musk had […].
The total number of diesel retrofit devices (for both on-road and off-road diesel engines) sold in the US (including California) by Manufacturers of Emission Controls Association ( MECA ) member companies in 2008 was 31,283, according to the latest MECA annual survey.
Startup electric car company Aurica Motors announced a plan to keep the NUMMI plant, which employs 4,700 people, from shutting down when Toyota leaves on 31 March. Aurica is trying to obtain Federal economic stimulus funding to convert NUMMI to electric car manufacturing, but is also open to private financing.
million grant awarded under the federal stimulus package under a 50:50 cost-share program, of which EnerDel plans to spend $60 million in 2010. The project represents just the first stage of the company's expansion plans in the Indianapolis area. The Indiana plant will be financed through a $118.5 Earlier post.) Earlier post.)
The demonstration project is funded by SCE and federal stimulus money awarded by the Department of Energy as part of the American Recovery and Reinvestment Act of 2009. —Sung-Hoon Jang, vice president of the Energy Solution Company at LG Chem.
International Battery (IB), a US manufacturer and developer of large-format lithium-ion rechargeable batteries, has been chosen as the battery system provider for the first-of-its-kind Community Energy Storage (CES) systems, developed by S&C Electric Company for American Electric Power (AEP).
of projected economic stimulus spending. The report says that structural transformations are needed to close the US$4.1-trillion trillion finance gap between now and 2050, by “building back more sustainably”, by repurposing agricultural and fossil fuel subsidies and by creating economic and regulatory incentives.
GM CEO Rick Waggoner was pushed out and the company got sixty days to get its act together. Given the much lower production costs in China, the first Chinese company to pass American certification could place an EV on the market in the US that would cost a consumer under $20,000 (after incentives.) Here's my April column.
Perspective by The Townsend Company. Would a CAFE-type standard for renewable energy generation companies in the USA not also be appropriate? The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated.
While the economic downturn in 2009 saw many oil sands projects deferred, an improved investment climate, more robust commodity prices and market demand for Canadian crude provided the stimulus for several projects to return to active development in 2010. This trend continues in 2011. Crude Oil Forecast, Markets & Pipelines.
While battery companies are making initial investments slightly ahead of the market to optimize cost and scale, future investments will be made only when the market conditions justify such an investment. Many companies plan to build large facilities capable of supporting future volume, but initial machinery capex will remain relatively small.
The company signed a memorandum of understanding with Electric Transportation Engineering Corporation (eTec), a wholly owned subsidiary of ECOtality, Inc. to test and certify eTec’s vehicle charging stations that will be used in the project.
The private equity round was led by GSR Ventures, a venture capital firm with more than $1 billion under management that invests primarily in early stage and growth stage technology companies with substantial operations in China. GSR Ventures has offices in Beijing and Silicon Valley. Reorganizing.
The BMVBS development program endowed with €115 million (US$165 million) from Germany’s Economic Stimulus Program II provides targeted funding for testing and accelerated market preparation of electric drive vehicles until 2011. The sponsored projects must be launched by late 2010.
The charge stations and installations were paid for with federal stimulus and California Energy Commission grants won by Coulomb. If you are a business in a program area, you can get the same deal - free charge stations paid for by stimulus money. Nissan LEAF buyers are excluded. Ecotality's EV Project got an exclusive.)
ECOtality will also implement a DC Fast Charger Program, from a $614,800 Air District award, that will allow the Company to install 20 Blink DC Fast Chargers, out of the 30 total chargers installed throughout the program. The project is funded by the us Department of Energy through a federal stimulus grant of $114.8 Through a $2.2-million
Net proceeds of the $10 million equity investment from ABB will be utilized by ECOtality as working capital to support the continuing requirements of the EV Project and will provide the Company with necessary funding to meet its anticipated expansion as a leader in electric vehicle (EV) charging infrastructure.
company prepares to introduce battery-powered models as early as next year. company prepares to introduce battery-powered models as early as next year. The company is already trying out battery-powered vehicles in London, Meier said. “Ford Motor Co. 4 as the U.S. By Chris Reiter. 28 (Bloomberg) — Ford Motor Co.
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