article thumbnail

How Automotive Dealerships Can Save Money with Battery Energy Storage

Blink Charging

As dealerships embrace electrification to maintain competitiveness , it’s crucial to also explore the benefits of integrating battery energy storage systems (BESS). Discover key insights into incorporating battery storage for your dealership’s sustainable energy storage. What are battery energy storage systems?

article thumbnail

Imperium3 New York produces its first full-sized prismatic cells

Green Car Congress

million, including a $4 million Upstate Revitalization Initiative grant and $3.5 million in Excelsior Jobs Program tax credits in exchange for job creation commitments for the iM3NY project. Additionally, Empire State Development has offered performance-based incentives totaling $7.5

New York 468
article thumbnail

FREYR Battery to site US gigafactory in Georgia; initial investment $1.7B, growing to $2.6B through 2029

Green Car Congress

The total package of financial incentives for Giga America includes robust assistance collectively provided by The State of Georgia and Coweta County in addition to the expected production tax credits associated with the recently passed Inflation Reduction Act.

Georgia 150
article thumbnail

Imperium3 consortium forms to establish Li-ion battery gigafactory in NY state; 3 GWh by Q4 2019 to grow to 15 GWh

Green Car Congress

million, including a $4 million Upstate Revitalization Initiative grant and $3.5 million in Excelsior Jobs Program tax credits. million in New York Investment Tax Credits. This announcement also builds on the significant work being done in New York State in the energy storage and advanced battery industries.

Li-ion 150
article thumbnail

Where to Start with EV Charging for Convenience Stores & Truck Stops

Blink Charging

The funding can also be used for renewable energy generation, energy storage facilities, and upgrades to existing infrastructure. Unlike NEVI, which distributes funds to businesses, CFI funds are distributed by the US Department of Transportation to local and state governments.

Store 95
article thumbnail

Three Major Sources of Funding for EV Charging at Convenience Stores and Truck Stops

Blink Charging

Renewable energy generation, energy storage, and upgrades of existing infrastructure also qualify for funding. CFI offers two different types of grants: Community Charging and Fueling Grants (Community Program); and Alternative Fuel Corridor Grants (Corridor Program).

Store 52
article thumbnail

The Electrifying Opportunities for EVs in 2024  

Clean Fleet Report

Low or No Emission Vehicle (Low No) [4] and the Bus and Bus Facilities Formula Program [5] , both competitive grants through the Federal Transportation Administration, are predicted to provide roughly $1.7 With around 600,000 school and transit buses in the U.S., billion toward electrifying public transportation across the United States.

Grid 62