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Bright Automotive Applies for $35M in Stimulus Package Grants to Accelerate Production of PHEV

Green Car Congress

Bright Automotive has applied for $35 million in government grants to accelerate the production of its plug-in hybrid the IDEA ( earlier post ), and to deliver battery solutions to the industry through its engineering services arm. The company continues to work with the Department of Energy in support of its application.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Earlier post.).

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Profile: Farmers Ethanol: Focusing on Sustainable Corn Ethanol Production and a Triple Bottom Line

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Their company, Farmers’ Ethanol , plans to combine energy and food production within the same facility and by doing so create a business that can survive the wild fluctuations in commodity prices that plague today’s corn ethanol business. As in a traditional ethanol plant, corn will be used as a feedstock to make the ethanol.