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Massachusetts awarding $15.5M to alternative fuel vehicles and projects; $1.8M for 8 electric school buses

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In December, the Patrick Administration awarded grants and announced new investments in three programs to support alternative fuel vehicles and related infrastructure across Massachusetts, including the launch of an electric school bus pilot. million in Congestion Mitigation and Air Quality funds from the U.S.

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BYD delivering 6 electric buses to Martha’s Vineyard; 4 more to be purchased

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BYD recently delivered five electric buses to the Vineyard Transit Authority (VTA) in Martha’s Vineyard, Massachusetts; a sixth is scheduled to be delivered by the end of the July. The BYD buses will replace six diesel buses as part of the VTA’s plan to convert its fleet. VTA had placed the order for the buses in August 2017.

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NASA awarding $6 million to 3-year ULI project to develop approach to electric aircraft fueled by liquid hydrogen

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NASA will provide $6 million over the course of three years to support a University Leadership Initiative (ULI) project focused on the development of a fully electric aircraft platform that uses cryogenic liquid hydrogen as an energy storage method.

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ARPA-E awarding $30M to 12 hybrid solar projects; conversion and storage

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Under the FOCUS program, projects will develop advanced solar converters that turn sunlight into electricity for immediate use, while also producing heat that can be stored at low cost for later use as well as innovative storage systems that accept both heat and electricity from variable solar sources. b) Hybrid storage system.

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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

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A123 Systems expects the full investment from Wanxiang will provide it with the capital necessary to strengthen its competitive position in the global vehicle electrification and grid energy storage markets. Further, Wanxiang has demonstrated its commitment to partnering with and investing in U.S. — David Vieau, CEO of A123.

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DOE announces $139M in funding for 55 projects to advance innovative vehicle technologies

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Funded through the US Department of Energy’s (DOE’s) Office of Energy Efficiency and Renewable Energy (EERE), projects will conduct research in advanced batteries, electrification, and manufacturing in support of DOE’s Energy Storage Grand Challenge. Massachusetts Institute of Technology. General Motors LLC.

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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

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Wanxiang’s proposed investment in A123 is intended to create the capital structure necessary for the company to continue growing its core businesses, and alignment with Wanxiang is also expected to substantially strengthen A123’s access to the growing vehicle electrification and grid-scale energy storage markets in China.

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