Search Results Found For: "department of energy"

15 million for Massachusetts alt fuel programs, including electric school bus pilot

Massachusetts has announced $15.5 million of new funding to support alternative fuel vehicles and related infrastructure. The investment, which includes $11.7 million in Congestion Mitigation and Air Quality funds from the US DOT, will be split among several programs, including an electric school bus pilot. The first phase of the Massachusetts Electric Vehicle Incentive Program… Read more »

DOE to resume making loans for advanced vehicles

The $25 billion Advanced Technology Vehicle Manufacturing (ATVM) loan program, which funded both winners (Tesla, Ford, Nissan) and losers (Fisker) before election-year criticism from the back seat caused it to slam on the brakes, will get back on the road soon, said DOE spokeswoman Aoife McCarthy. The program, which was created in 2008 by President… Read more »

Wildcat Discovery Technologies’ new cathode materials

We first told you about Wildcat Discovery Technologies back in the October/November 2012 issue of Charged. It is a venture-backed start-up in Southern California that has developed proprietary methods for rapidly synthesizing energy-storage materials. The company boasts that one of its busy scientists can produce 400 to 500 different battery materials at the same time… Read more »

Tesla pays off DOE loan early, taxpayers profit

Delivering a welcome victory for the government’s policy of supporting American manufacturing, Tesla Motors has paid off the loan it received from the Department of Energy nine years ahead of schedule, giving taxpayers a profit of at least $12 million on the original $465 million loan, Reuters reported. “I would like to thank the Department… Read more »

Mr Fisker goes to Washington

There were few surprises at Thursday’s House hearing on failing carmaker Fisker Automotive. The title of the hearing, Green Energy Oversight: Examining the Department of Energy’s Bad Bet on Fisker Automotive, made it clear up front that Fisker and its DOE champions were in for a roasting. Five witnesses testified, including company co-founder Henrik Fisker,… Read more »

Geely won’t bid for Fisker

China’s Zhejiang Geely Holding Group will not bid for a majority stake in Fisker Automotive, mainly due to the automaker’s obligations to the US government, Reuters reported, citing two confidential sources. Geely, the owner of Volvo, was expected to win the deal for the maker of the Karma, but the Chinese firm doesn’t care for… Read more »

Smith Electric Vehicles: the long haul and the short end of the stick

Smith sees a bright future in electric trucks on the horizon, but must wade through a sea of speculation to get there.  All Smith Electric Vehicles Corp. wanted was a long-term growth strategy that would let the company scale up production of its all-electric, zero-emission medium-duty trucks at the same time that it beefed up… Read more »