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Better Place Opens First EV Demonstration Center; Dor Alon to Deploy Battery Switch Stations in Israel

Green Car Congress

Better Place announced the grand opening of the company’s first electric vehicle (EV) battery switch demonstration center in Israel. In the near future, the Better Place Center will have the Renault Fluence ZE for demonstrations, which will be available in Israel in 2011. Earlier post.).

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ATP making strategic expansion into deepwater Israel

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ATP Oil & Gas Corporation, an international offshore oil and gas development and production company with operations in the Gulf of Mexico and the North Sea, is expanding its deepwater operating and infrastructure expertise to offshore Israel. Paul Bulmahn, Chairman and CEO. In December 2010, Texas-based Noble Energy, Inc.

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Noble Energy announces new exploration discoveries offshore Israel and in the deepwater Gulf of Mexico

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announced discoveries at the Tamar Southwest (SW) exploration well offshore Israel and at the Dantzler exploration well in the Deepwater Gulf of Mexico. The Tamar SW well offshore Israel, testing a new exploration prospect, encountered approximately 355 feet of net natural gas pay within the targeted Miocene intervals.

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Better Place lost $459M on $6.9M in sales last year; cumulative losses of $812M

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Under the Liquidation Petition filed in Israel on Sunday, Better Place listed assets of $9.5 PrivCo CEO and Corporate Lawyer Sam Hamadeh explained that the Israeli insolvency regime is based on the Companies Ordinance (New Version) 5743-1983, the Companies Regulations (Liquidation) 5477–1987, and the Bankruptcy Ordinance of 1980.

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Ampal Signs Option Exercise Agreement to Acquire 25% in Ethanol Project in Colombia

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Israel-based Ampal-American Israel Corporation signed an option exercise agreement with Merhav (M.N.F) Merhav is a multinational corporation with interests in a range of sectors, including energy, infrastructure projects, and agriculture. Colombia requires 10% ethanol blending in gasoline distributed in Colombia.

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2nd Better Place CEO out; company to be managed by Chairman of Board and CFO

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Globes in Israel reported that sources said that Thornley left over differences with Chairman Idan Ofer over Better Place’s future, especially over plans to reduce activity in global markets and focus on its core markets of Israel and Denmark.

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Qoros Auto contracts with AAM for electric drive technology

Green Car Congress

and Israel Corporation and headquartered in Shanghai ( earlier post ), has awarded AAM (American Axle & Manufacturing, Inc.) Qoros Auto Co., joint venture between Chery Automobile Co., a driveline systems contract for e-AAM technology to be applied on a future model year Qoros vehicle.

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