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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Earlier post.).

Financing 225
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Pennsylvania DEP awards nearly $517,000 in clean diesel grants

Green Car Congress

The Pennsylvania Department of Environmental Protection (PA DEP) awarded $516,637 in clean diesel grants to four organizations. Recent monitoring indicates these counties’ particulate matter levels are meeting the standards, but continuous compliance must occur before EPA will grant an attainment designation.

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US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

Green Car Congress

Transit agencies began submitting their proposals after the FTA announced rules for the Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) grant program as part of the Recovery Act last March. Since President Obama signed ARRA into law in February, grants totaling more than $7.2 The DOT is making $48.1

Emissions 256
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One way or another, Fisker Automotive may soon be off the market

Green Car Congress

Fisker’s loan was granted so the company could build an environmentally friendly luxury car called Karma in Finland and later a second vehicle named Atlantic in the United States. VPG stopped production of the vans when its finances dipped below the minimum required as a condition of the DOE loan.

Fisker 218
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More details about California’s proposal requiring bidirectional charging capabilities for all EVs

Charged EVs

The ISO 15118-20 standard enables bidirectional communication between the charging station and the vehicle, and with OCPP 2.0.1 , permission is granted to go through the DC port. But in places like Delaware or in PJM territory, which covers a very large percentage of the US population, this is getting implemented right now.

Charging 139
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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

It covers ten Northeastern and Mid-Atlantic states (Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont). Auction revenues may be used for the public good by allocating the allowance value to: households as dividends; financing investments and other public expenditures; and.

Gas 244