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Delaware will join 13 other states in adopting California’s Zero Emission Vehicle (ZEV) regulations. Managed by the Delaware Department of Natural Resources and Environmental Control ( DNREC ), the ZEV program is designed to accelerate the commercialization of battery-electric, plug-in hybrid and fuel cell electric vehicles.
Burton Abrams and George Parsons of the University of Delaware evaluated the efficiency of the recently concluded Cash for Clunkers (CARS) program and concluded that the cost exceeds the benefit by approximately $2,000 per vehicle, or close to $1.4 billion in total. Their paper appears in the online journal The Economists’ Voice.
Valero Energy Corporation intends to permanently shut down its Delaware City, Delaware refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. Valero Delaware City Refinery. Click to enlarge.
Fisker Automotive is posting job openings at the re-commissioned Wilmington, Delaware plant. The announcement of new jobs in Delaware comes on top of a significant employment expansion at Fisker’s Global Headquarters based in Anaheim, California. The plan for 2011 will encompass the hiring of about 120 employees.
reached agreement on the terms of an asset purchase agreement with Wanxiang America Corporation through which Wanxiang would acquire substantially all of A123’s assets for $256.6 Excluded from the asset purchase agreement with Wanxiang is A123’s Ann Arbor, Mich.-based A123 Systems, Inc. Earlier post.)
Eligible projects included those that replace, rehabilitate, lease, and purchase buses and related equipment as well as projects to purchase, rehabilitate, construct or lease bus-related facilities, such as buildings for bus storage and maintenance. million for hydrogen fuel cell buses. Description. City of Fairfield. 746,456.
million, to purchase 35 Catalyst buses, bringing Proterra’s total number of firm orders to 287 vehicles from 38 cities across the United States. Delaware Transit Corporation, six 35' Catalyst XR buses. The 2016 LoNo grant winners will use their funds, a total of $22.8 With more than 2.4 With more than 2.4
In addition to the stalking horse asset purchase agreement with Johnson Controls, A123 continues to engage in active discussions regarding strategic alternatives for its grid, commercial, government and other operations, and has received several indications of interest for these businesses. Bankruptcy Code. Earlier post.).
D-Middlesex, is the primary sponsor, would fund for three years the purchase of new electric school buses and the necessary charging infrastructure in a minimum of 18 New Jersey school districts. A University of Delaware study estimates one electric school bus could save a district about $230,000 over its 14-year lifespan.
REG) has entered into an asset purchase agreement under which it would acquire substantially all of the assets of Syntroleum Corporation, and assume substantially all of the material liabilities of Syntroleum, a Fischer-Tropsch gas-to-liquids and renewable diesel fuel technology company. Syntroleum has 101 patents issued or pending.
a developer and manufacturer of advanced Nanophosphate lithium iron phosphate batteries and systems, has entered into an asset purchase agreement with Johnson Controls, Inc. District of Delaware. We believe the asset purchase agreement with Johnson Controls, coupled with a Chapter 11 filing, is in. A123 Systems, Inc.,
As part of the Transportation and Climate Initiative (TCI), Delaware, Maryland, New Jersey, New York, North Carolina, Pennsylvania, Vermont, and Virginia have participated actively in developing the TCI-P and have the opportunity to join the program in the future.
Chesapeake has entered into purchase and sale agreements with three companies covering the vast majority of its Permian Basin assets for total net proceeds of approximately $3.3 Chesapeake entered into a purchase and sale agreement to sell its assets in the northern Delaware Basin portion of the Permian Basin to Chevron USA Inc.,
In the 2019 budget, the Government of Canada announced rebates of up to $5,000 for consumers on the purchase of zero-emission vehicles. Businesses that buy zero-emission vehicles are also now eligible for a tax benefit estimated to be worth around $13,000 in the year they purchase the vehicles.
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). Li-ion maker A123 Systems, Inc. Earlier post.). Earlier post , earlier post.)
has purchased 35 Class 8 Volvo trucks that operate on compressed natural gas (CNG). distribution center and currently serves approximately 500 grocery stores in Virginia, Maryland, Delaware, West Virginia, Washington, D.C. SUPERVALU INC. The fleet, which operates out of SUPERVALU’s Mechanicsville, Va.,
Other states are considering adoption of the same low carbon fuel standard as California, including Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Vermont and Washington.
Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. Statewide Paratransit Bus Hybrid Program: Purchase 31 paratransit hybrid buses to replace 31 gas and diesel vehicles.
Fisker Automotive has selected the GM Wilmington Assembly plant in Wilmington, Delaware for production for Project NINA, the development and build of a family-oriented plug-in hybrid sedan costing about $39,900 after federal tax credits. to purchase the Wilmington plant for $18 million after a routine four-month evaluation period.
While the most populous states will see the highest sales volumes, with California, New York and Florida likely leading the way, as a percentage of total vehicle sales, smaller states will lead, with Hawaii, Oregon, Washington, DC, and Delaware among the top states for PEV penetration. 4.6%), and Delaware (4.5%).
A $240,000 grant to purchase and install two DC fast chargers at the Giant Eagle at 4010 Monroeville Boulevard, Monroeville, and a $240,000 grant to purchase and install two DC fast chargers at the Giant Eagle at 100 Settlers Ridge Center Drive, Pittsburgh. Multi-county. Giant Eagle, Inc.: Bucks County. Chargepoint, Inc.:
Eligible projects include the purchase or lease of buses powered by modern, efficient technologies. The City and Borough of Juneau will receive funds to purchase new electric buses to replace aging diesel buses, associated charging infrastructure, and a back up generator. Delaware Transit Corporation. Project Sponsor.
It then states that Musk sold the shares at pumped prices and used the proceeds to purchase X, the social media platform that was once called Twitter. ERSRI filed the suit on Tuesday in the Delaware Chancery Court. Tesla is incorporated as a company in Delaware. million, based on the stock price at the time of writing.
The Valero purchase agreement provides for a purchase price of $280 million, plus the value of inventory and certain pre-paid expenses, subject to certain customary adjustments. VeraSun hedged its corn purchases during the price spike in the summer of 2008 when cost per bushel had soared to nearly $8. Earlier post.).
When asked to explain his method of production, Hailey falsely stated that he paid employees and contractors to recover waste vegetable oil from 2,700 restaurants in the “Delmarva” area, a peninsula that includes parts of Delaware, Virginia and Maryland, and bring it to his production facility where he converted it to bio-diesel fuel.
At closing, FNA will pay the remainder of approximately $1,750 million in cash purchase consideration to the VEBA Trust. Fiat expects to fund the U.S.$1,750 1,750 million in cash from available cash on hand. Chrysler Group expects to fund the special distribution from available cash on hand.
Normal operations have already resumed at two major refineries in Delaware and New Jersey, and pipeline companies have restored services to six pipelines servicing New Jersey, Pennsylvania, and north to Maine.
Each of the four recipients will match a percentage of the grant amount with their own funds to purchase compressed natural gas-powered vehicles; retrofit diesel engines with cleaner technology; replace older, more polluting diesel buses with cleaner diesel buses; or purchase hybrid electric-powered buses.
Fisker, a startup based in southern California, expects to manufacture the Karma and Project NINA lines at a recently shuttered General Motors factory in Wilmington, Delaware. The DOE had awarded a conditional $528.7-million million loan to Fisker in September 2009. The Karma is scheduled to appear in showrooms in late 2010.
FTA’s Low-No Program supports transit agencies in purchasing or leasing low- or no-emission buses and other transit vehicles that use technologies such as battery electric and fuel-cell power to provide cleaner, more efficient transit service in communities across the country. Delaware Transit Corporation. City of Fayetteville (NC).
By the end of the year, Delaware, Indiana, Louisiana, Nevada, Ohio, Pennsylvania, and Rhode Island will be added as markets where the Nissan LEAF will be available for order. While 82% have never previously owned a Nissan, 75% considered no other vehicle than the Nissan LEAF in their purchase decision.
Natural Gas Credit Purchase system; deliver technical and safety workshops. Purchasing Agreements; train and deploy Energy Coaches who will work. Purchasing Agreements; train and deploy Energy Coaches who will work. Delaware Valley. model codes, ordinances, purchasing guidelines and incentives; conduct. 499,918.
According to the support page, each customer was limited to only one bottle per purchase. Although, some buyers have mentioned purchasing more than one limited edition set. Tesla does not offer refunds for Tesla Tequila purchases.
Elon Musk has made his opening remarks in a Wilmington, Delaware, courthouse on Monday morning, defending Tesla’s $2.6 The lawsuit indicates that Musk applied heavy pressure on Tesla’s board to purchase SolarCity back in 2016, as the company was running low on cash and was likely headed for bankruptcy.
the developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and energy storage systems ( earlier post ), filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court of the District of Delaware. Aquion Energy Inc., Whitacre, J. Shanbhag, S., Mohamed, A., Polonsky, A.,
A credit trading system will provide opportunities to control costs by allowing a supplier to purchase credits from low carbon fuels and average them with higher carbon fuels delivered to customers. The LCFS would require regional fuel suppliers to demonstrate that the average carbon content of the fuel they deliver is reduced over time.
Various states across the United States offer electric vehicle (EV) purchase incentives to help accelerate the adoption of zero-emission vehicles. New Jersey residents may receive up to $5,000 toward the purchase or lease of a new EV. Qualified applicants could receive up to $2,500 for the purchase or lease of a new EV. .
The transit authority has committed to purchasing four new natural gas-powered 45-foot coach buses and six 30-foot buses. Republic Services of PA LLC will receive $500,000 for the purchase and deployment of 64 heavy-duty CNG refuse trucks that will provide refuse collection services throughout Adams, Cumberland, Dauphin and York counties.
Musk has asked a Delaware judge to find that he is not obligated to purchase the social media company at $54.20 Musk and Twitter are poised to face each other at trial this October. per share, a deal that’s estimated to be worth about $44 billion.
Airbnb co-founder and Tesla board of directors member Joe Gebbia allegedly discussed having Musk purchase a house from his start-up, as stated to Reuters in a report on Monday. The board member owns the start-up Samara, which manufactures tiny pre-fab homes and has apparently discussed building one for Musk.
Elon Musk reportedly formed three holding companies in Delaware , all with variations of the name “X Holdings,” according to a new report from Bloomberg. The establishment of one of the companies is being used to fund Musk’s Twitter purchase , should it occur.
The litigation accuses Foxconn of fraud and willful and consistent failure to live up to its commercial and financial commitments to Lordstown. The lawsuit charges that Foxconn’s actions led to material damage to Lordstown as well as its future prospects. Earlier post.)
This news comes after reports of Elon Musk’s asking the Delaware court to halt the upcoming trial. He renewed his offer to purchase the social media network this week and shared a few details about his goals. “Buying Twitter is an accelerant to creating X, the everything app,” Elon Musk tweeted on Tuesday.
The purpose is to make the public aware of the “insider’s various transactions in company securities, including the amount purchased or sold and the price per share,” the SEC writes. A Form 4 is the necessary paperwork needed for “an insider” with a company to execute a transaction.
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