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 »
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 »
Crippled carmaker Fisker Automotive suffered yet another indignity this month, as the DOE helped itself to $21 million of Fisker’s cash, which will go towards paying down the $192 million that Fisker owes the government.
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 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 »
ANSYS’s new release enables engineers to blend system simulation with a computational fluid dynamics approach.
After decades of patent-protected breakthroughs, PolyPlus stands poised to make its first commercial move from its trio of power-dense battery technologies: lithium-sulfur, lithium-water, and lithium-air. It’s a balmy, 95-degree August day in the nation’s capital, but Steven J. Visco, PhD, the CEO, CTO, and co-founder of PolyPlus, sits in the climate-controlled comfort of the White House… Read more »
On the march toward widespread adoption of 100+ MPGe plug-in vehicles, the Prius Plug-in could take the most significant step. “When you think of hybrids, you think of Prius.” So says Geri Yoza, National Manager for Advanced Technology Vehicles, Product Planning Department at Toyota. Of course, that would be the standard company line at Toyota,… Read more »
Ideal Power Converters (IPC) announced that the US Department of Energy’s National Renewable Energy Laboratory (NREL) has successfully demonstrated vehicle-to-grid (V2G) capabilities using IPC’s bi-directional Battery Converter. V2G allows vehicles to exchange power with the electricity grid, providing benefits such as local peak demand reduction. IPC’s wall-mounted Battery Converter is based on a hardware platform… Read more »
The project is supported by the New York State Energy Research and Development Authority (NYSERDA) and the US DOE.