article thumbnail

Li-ion electrode company BESSTECH receives $250K investment from Eastern New York Angels

Green Car Congress

BESSTECH LLC, an electrode design and engineering venture and a spin-off of SUNY Polytechnic Institute - Colleges of Nanoscale Science and Engineering (SUNY PI - CNSE), has received a $250,000-investment from the Eastern New York Angels (ENYA) to accelerate commercialization of its technology and further build its workforce in New York State.

New York 150
article thumbnail

Lung Association report highlights health and climate costs of petroleum-based transportation and the benefits of shifting to ZEVs

Green Car Congress

Of that $37 billion, health costs added up to $24 billion in 2015; the $24 billion represents the monetized sum of harmful emissions responsible for an estimated 220,000 work-loss days, more than 109,000 asthma exacerbations, hundreds of thousands of other respiratory impacts, and 2,580 premature deaths. New York: $7.9

Climate 150
article thumbnail

BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

Green Car Congress

A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014.

Cost Of 150
article thumbnail

GE to Open Sodium-Metal Halide Battery Plant in New York

Green Car Congress

GE will open a new battery manufacturing plant in Upstate New York that will serve as the main manufacturing facility for GE’s newly launched battery business. Immelt said that GE expected to generate about $500 million in sales from its batteries by 2015, building forward to a $1-billion franchise over time.

Sodium 191
article thumbnail

DOE to invest $30M to further H2 and fuel cell technology as industry continues strong growth

Green Car Congress

The US Department of Energy (DOE) Energy Department (DOE) released a new report showing continued momentum and growth in the fuel cell industry. The 2015 Fuel Cell Technologies Market Report shows that more than 60,000 fuel cells, totaling roughly 300 megawatts (MW), shipped worldwide in 2015.

article thumbnail

NYSERDA offering up to $21.6 million to support installation and operation of stationary fuel cell systems

Green Car Congress

The New York State Energy Research and Development Authority’s (NYSERDA) Customer-Sited Tier Fuel Cell Program will provide as much as $21.6 million through 2015 for incentives toward the cost of stationary fuel cell installation, plus payments over the first three years of operation based on power produced.

article thumbnail

Proterra and Mitsui create $200M credit facility to scale Proterra battery leasing program

Green Car Congress

The battery leasing credit facility, the first of its kind in the North American public transit industry, is expected to lower the upfront costs of zero-emission buses and put Proterra electric buses at roughly the same price as a diesel bus.

Battery 186