Remove Federal Grant Remove Financing Remove Grant
article thumbnail

A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.

Grant 299
article thumbnail

Saft begins deliveries of first lithium-ion batteries produced by new Jacksonville plant

Green Car Congress

The 235,000-square-foot facility, which will employ 300 people once completely invested, was partly financed by a $95.5 million federal grant from the Department of Energy (DOE) under the American Recovery and Reinvestment Act (ARRA). —Dan Miller, Jacksonville operations manager.

article thumbnail

Valence Applies for $225M in DOE Funds for Advanced Battery Production Facility

Green Car Congress

submitted a grant application requesting $225 million to the US Department of Energy under the Electric Drive Vehicle Battery and Component Manufacturing Initiative. Valence submitted its application requesting the federal grant funds over a three-year period and plans to fund the remaining $359.4 Valence Technology, Inc.

article thumbnail

Tesla + Toyota

Revenge of the Electric Car

And even with the Tesla-Toyota announcement, Councilwoman Anu Natarajan said Saturday that the city will continue to use its $333,000 federal grant to study other potential uses for NUMMI and the adjacent land. “With the new BART station and Solyndra and the electric-car plant, we’re becoming a cluster of green tech. &#.

Toyota 191
article thumbnail

Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. USDA provides grants and loans and other financial support to help biofuels and renewable energy commercialization. Biomass Crop Assistance Program.

Obama 218
article thumbnail

Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,

Minivan 46