article thumbnail

MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems

Green Car Congress

The Massachusetts Clean Energy Center (MassCEC) has approved a $5-million forgivable loan for Li-ion battery manufacturer A123 Systems contingent on its hitting job creation and private investment milestones. With the new expansion, A123 Systems will assemble and commission grid-storage battery systems in Massachusetts.

Grid 199
article thumbnail

Li-ion maker Boston-Power adds $30M in funding; China expansion

Green Car Congress

Augmenting those capabilities, Boston-Power’s Westborough, Massachusetts-based team maintains responsibility for intellectual property development, research and development, global customer support, sales and business development and partnerships with advanced research organizations in the Boston area.

Boston 210
article thumbnail

State of Texas to Submit Bid for Battery Consortium

Green Car Congress

The State of Texas will submit a bid to become the headquarters for an advanced battery consortium that is seeking $1 billion in Federal stimulus money to develop technology for the next generation of hybrid electric vehicles. which makes lithium-ion batteries, and the Massachusetts Institute of Technology; Johnson Controls Inc.,

Texas 150
article thumbnail

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. This includes transitioning a number of positions and responsibilities from its Westborough, Massachusetts offices.

Boston 199
article thumbnail

Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,

Minivan 46