Remove Financing Remove Powered Remove Stimulus
article thumbnail

US Geothermal Power Could Top 10 Gigawatts, New Industry Report Says

Green Car Congress

A new report by the Geothermal Energy Association (GEA) shows strong growth in new geothermal power projects continuing through 2009. When added to the 3,100 MW of existing capacity, 10 gigawatts of geothermal power appears to be feasible. MW of power to the US geothermal energy output. and 7,109.9 million people.

Industry 240
article thumbnail

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

Boston-Power, Inc., Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. Existing Boston-Power investors Oak Investment Partners and Foundation Asset Management (FAM) also participated in the round.

Boston 199
article thumbnail

California Startup Aurica Motors Trying to Keep NUMMI Plant Open for Manufacturing Electric Cars, Battery Swap System

Green Car Congress

Under the proposed plan, the NUMMI plant in Fremont, California would be converted into the manufacturing facility for the Aurica Motors E-Car, an all-electric vehicle, as well as Aurica’s proposed PEP (Power Exchange Package) battery swap system. The PEP station concept is not compatible with the Better Place system.

article thumbnail

A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

Green Car Congress

GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. In addition to the private capital, A123 is seeking funds under federal and state stimulus and other programs to ramp up its production capabilities in Michigan.

Financing 150
article thumbnail

Materials Company EnerG2 Breaks Ground on Plant for Ultracap Electrode Materials

Green Car Congress

EnerG2’s manufacturing approach revolves around mass customization of electrode materials that enhance energy and power density in ultracapacitors. In addition to the federal stimulus funding, EnerG2 since inception has raised over $14.5 million in equity financing.

Companies 186
article thumbnail

EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

Green Car Congress

The Indiana plant will be financed through a $118.5 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. Worldwide, Enerdel is shooting for capacity for about 120,000 electric vehicles by the end of the five year plan, representing about $2.2B

article thumbnail

The Most Powerful Greenius In America

Creative Greenius

It’s not sexy and it doesn’t make a bunch of old school, balding, white, male, carbon collaborators stinking filthy rich, so it’s no wonder they’ve done every evil and despicable thing in their power to keep this weapon from being aimed at them. And that kind of vision makes us powerful.

America 170