 |
9th February 2010
Italian firm Cimino & Associates Private Equity (Cape) plans to set up a production line for electric cars in Sicily once Fiat winds down its operations at a factory on the island next year, according to the Financial Times.
1st February 2010
Tesla Motors, currently the only maker of ‘highway-capable’ electric cars, has announced its intention to raise further funds through an initial public offering (IPO). The exact size and pricing of the IPO, has not yet been disclosed.
29th January 2010
The US Department of Energy (DOE) has closed its $1.4bn loan agreement with Nissan North America to refurbish its Smyrna, Tennessee, factory used to build advanced electric automobiles and an advanced battery manufacturing facility.
22nd January 2010
The US Department of Energy (DOE) has closed its $465m loan to electric vehicle manufacturer Tesla Motors for construction of a manufacturing facility in southern California on the Model S electric sedan and a power-train manufacturing facility in Palo Alto, California.
11th January 2010
US President Barack Obama has announced awardees of the clean energy manufacturing tax credit in the American Recovery and Reinvestment Act.
8th January 2010
California-based electric vehicle company Tesla Motors and technology giant Panasonic have formed a partnership to collaborate on the development of next-generation battery cells for electric vehicles.
7th January 2010
California-based electric car and battery company, CODA Automotive, has completed the first close of a Series C preferred investment round totalling $25m.
29th October 2009
CEO of US energy company NRG Energy David Crane has urged the Senate Committee on Climate Change Legislation, chaired by Senator Barbara Boxer, to adopt a new approach to the development of electric vehicles.
25th September 2009
FPL Group and Duke Energy have pledged their commitment to transforming their company cars and trucks into plug-in hybrid or all-electric vehicles.
21st September 2009
The US Department of Energy has finalised a loan of $5.9bn for Ford Motor Company to invest in fuel efficiency through the development of technologies such as hybrid and plug-in electric vehicles.
16th September 2009
Biofuels are increasingly being seen as a viable alternative to conventional jet fuel in the US, according to Continental Airlines’ managing director for Global Environmental Affairs, Leah Raney. The Houston-based carrier has also been implementing its green initiatives across its ground services fleet in its major hubs in Houston, Newark and California by switching to electric vehicles and related infrastructure and using biodiesel in cold weather locations.
21st August 2009
Japanese carmaker, Nissan and Showa Shell Sekiyu K K, Shell’s Japanese arm, will start studies on joint development of a quick charging system for electric vehicles using Showa Shell’s next-generation CIS solar panels and Nissan’s advanced lithium ion batteries for automotive use.
19th August 2009
The City of Palo Alto and Tesla Motors are working together to develop and manufacture electric vehicle components in a renovated building in the Stanford Research Park in Palo Alto. It will also move its corporate headquarters from San Carlos to this site.
17th August 2009
Power Efficiency Corporation, a company focused on electric motors, posted a loss in its financial results for the second quarter 2009.
14th August 2009
California-based electric vehicle infrastructure company Coulomb Technologies has installed and deployed its networked charging stations for plug-in electric vehicles in Nashville, US.
12th August 2009
According to testing undertaken by US car company Chevrolet, the company’s Volt hybrid vehicle can achieve city fuel economy of at least 230 miles per gallon.
11th August 2009
Enova Systems, a US-headquartered developer of electric, hybrid and fuel cell digital power management systems, has delivered the first 70 pre-transmission hybrid drive system to First Auto Works, a Chinese vehicle producer.
11th August 2009
Since it launched the ChargePoint Networked Charging Stations for electric vehicles a year ago, Coulomb Technologies has managed to complete 140 worldwide installations and has distributors spanning all 50 states in the US.
11th August 2009
Electric vehicle company ZAP has secured $25m in funding from venture capital fund Cathaya Capital. The company plans to use the capital to accelerate the production and sales of their vehicles in Europe and China.
10th August 2009
US electric vehicle manufacturer Tesla Motors has achieved overall corporate profitability with approximately $1m of earnings on revenue of $20m, the company announced.
7th August 2009
Renewable energy technology company Raser Technologies, Inc. reported revenues of approximately $407,000 in the second quarter of 2009, compared to approximately $6,000 in same period in the previous year. During the second quarter of 2009, the company began selling electricity generated from its Thermo No. 1 Plant to the City of Anaheim, California.
6th August 2009
US vehicle manufacturing company Fisher Coachworks Has issued the first of a series of supplier relationship announcements in support of its final design and production launch of the GTB-40 PHEV Urban Transit Bus. In support of the final engineering process, Fisher Coachworks selected fuel powertrain technology company AVL Powertrain Engineering, Inc. to assess Fisher’s propulsion system component selection and emissions certification strategies.
6th August 2009
UQM Technologies, Inc., a developer of alternative energy technologies, has been selected by the US Department of Energy to receive a $45.1m award under the American Recovery and Reinvestment Act to accelerate the manufacturing and deployment of electric vehicles, batteries and components in America.
5th August 2009
US President Barack Obama has announced 48 new advanced battery and electric drive projects that will receive $2.4bn in funding under the American Recovery and Reinvestment Act.
3rd August 2009
Renewable fuel company Green Star Products, Inc. is to expand its US government technical proposal team to meet the expansion of the US government recently advanced $3bn funding programme for renewable energy projects.
28th July 2009
UQM Technologies, a developer of alternative energy, has finalised a deal with Coda Automotive, a California-based electric car company to supply it with 100 electric systems over the next decade.
14th July 2009
German car-maker Daimler has sold 40 per cent of its stake in electric vehicle business Tesla Motors to Aabar Investments. This investment allows Daimler and Aabar to leverage their shared interest in the development of low-CO2 drive systems, the companies said in a statement.
8th July 2009
Major automakers are preparing to launch the first models in a new generation of plug-in hybrid electric vehicles in 2010, the development of which has been aided by a mix of consumer demand for fuel efficient cars and considerable government incentives, according to a new report from Pike Research.
1st July 2009
Coulomb Technologies, a charging station infrastructure company, said the City of Hillsboro in Oregon would deploy the company’s ChargePoint Networked charging stations for plug-in and electric vehicles.
29th June 2009
The Scottish Government has made a proposal to widen the use of electric vehicles as part of a consultation of the use of low carbon vehicles.
24th June 2009
An electric car share and rental programme using advanced lithium ion battery technology, developed by ExxonMobil, has been implemented in Baltimore, Maryland, US.
24th June 2009
AeroVironment Inc., a producer of energy efficient electric systems, completed fiscal year 2009 with record quarterly revenue, achieving 15 per cent year over year revenue growth, and a 13 per cent operating margin, with record cash and investments, according to a company statement.
24th June 2009
The US Department of Energy is to offer Ford Motor Company and two other automakers funding to develop fuel-efficient vehicles, according to reports.
23rd June 2009
Eight new low carbon vehicle projects are set to benefit from a share of £25m of UK Government funding to run real life trials, Science Minister Lord Drayson and Transport Secretary Lord Adonis announced today.
17th June 2009
Shai Agassi, CEO of Better Place, believes China is on the verge of unleashing electric vehicles and the rest of the world will be forced to follow suit.
16th June 2009
US early stage venture capital investor JumpStart Inc. has invested $250,000 in electric vehicle manufacturing company Myers Motors. The company plans on using JumpStart’s investment to build out their two-seat prototype vehicle and develop their intellectual property strategy, according to a statement.
16th June 2009
Raj Atluru discusses why hybridisation is the technology to watch, the effects of the American Recovery and Reinvestment Act on cleantech investment and why he believes the US will emerge with the biggest winners.
‘The ongoing policy frameworks supporting cleantech companies, coupled with enormous demand drivers gives young companies a fantastic platform on which to succeed and build very valuable companies.’
15th June 2009
US battery manufacturer Yardney Technical Products, Inc. and electric car maker Coda Automotive have entered into a joint venture, Coda Battery Systems, to design, manufacture and sell automotive grade, lithium‐ion battery power systems in the US.
9th June 2009
Electric vehicle infrastructure company Coulomb Technologies has announced that Walnut Creek, California has become the third Bay Area city to deploy their ChargePoint Networked Charging Stations for electric vehicles.
3rd June 2009
The Product Development Company said the Beijing Institute of Technology had been successful in its efforts to use its technology in the research and design of 50 electric-powered buses which were used during the Beijing 2008 Olympic Games.
3rd June 2009
365 Energy, a Dutch chargepoint network company, said the Katholieke High School in Belgium will deploy charging stations from 365 Energy’s international infrastructure manufacturer partner Coulomb Technologies as part of the European Clean Mobility Center in Belgium.
28th May 2009
Venture-backed electric vehicle services provider Better Place and the Danish city of Copenhagen have signed an agreement to jointly develop a plan for how Copenhagen can accelerate the switch from carbon-based transportation systems to sustainable mobility models that rely on renewable energy powering zero-emission vehicles.
18th May 2009
The growth of renewable energy around the world, the need for utilities to capture and store electricity for later use is becoming increasingly important. The demand for energy storage is driven by several trends, including the proliferation of intermittent renewable energy sources such as wind and solar, the move toward smart grids, and the coming rise of plug-in hybrid and electric vehicles, to name just three. While storing electricity was once thought a practical impossibility, a variety of technologies have now emerged to disprove that theory, and the global energy storage market is poised to grow from $329m in 2008 to $4.1bn by 2018, according to a new report from Pike Research.
15th May 2009
Great River Energy, a not-for-profit electricity cooperative, has introduced a new pilot programme to make plug-in for electric vehicles a smoother process.
23rd April 2009
US Vice President Joe Biden said $300m in funding from the American Recovery and Reinvestment Act would be made available for state and local governments to expand the nation’s fleet of electric vehicles. This funding is in addition to the Department of Energy’s vow to pledge $11bn to energy efficiency programmes.
21st April 2009
Californian technology company Aura Systems has appointed Dr Don Macleod to the position of president.
21st April 2009
Miami Mayor Diaz has launched a new energy initiative that calls for federal economic stimulus funds to help drive a $200m investment in smart grid technology and renewable energy over the next two years. The initiative is in conjunction with Florida Power & Light Company, power generation company GE, network solutions company Silver Springs Networks [...]
16th April 2009
UK Business Secretary Peter Mandelson and Transport Secretary Geoff Hoon have launched a programme to promote low carbon transport over the next five years.
8th April 2009
Northeast Utilities is in the initial stages of developing a charging infrastructure for plug-in electric vehicles in the US states of Connecticut and Massachusetts and has applied for a Department of Energy grant through its two operating companies, The Connecticut Light & Power Company and Western Massachusetts Electric Company.
7th April 2009
Vehicle manufacturer Chrysler has employed A123Systems, a US venture-backed energy storage company battery supplier, to supply lithium-ion battery cells, modules and packs for Chrysler’s electric vehicle production programmes.
James Hall-Smith of HSBC discusses the drivers behind the growth of the European renewable energy scene and the opportunities this affords to infrastructure investors and project financiers alike.
‘I think there is an increased interest from a corporate governance and sustainability perspective. This makes many institutions focus on this area. There is also a recognition of the drivers behind environmental infrastructure, from the fundamentals of creating the best opportunity to tackling climate change, whilst also looking to gain energy security and satisfy the social and political drivers.'