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

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This grant program, overseen by the Department of Energy (DOE) National Energy Technology Laboratory (NETL), provides funding to support the construction of US based manufacturing plants to produce batteries and electric drive components. The company continues to work with the Department of Energy in support of its application.

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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Fifty years later, the USA is faced with a similar challenge, energy independency and climatic change. On December 16, 2010 the US DOE Energy Information Agency (EIA) published a report projecting that renewable energy will still only constitute 12 percent of the USA’s energy sources by 2035. Source: EIA.

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

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Energy Markets in a State of Change. Dr. Paul still sees significant growth in the developing world.

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Chrysler Disbands ENVI Electric Vehicle Group; Function Absorbed into Traditional Line Organization

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Reuters reports that Chrysler has disbanded its ENVI team, formed in 2007 to bring electric-drive vehicles and related advanced-propulsion technologies to market. In August, Chrysler took $70 million in grants from the US Department of Energy to develop a test fleet of 220 hybrid pickup trucks and minivans. Earlier post.)

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Ener1 Outlines Automotive Programs Underway for Li-ion Packs

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million compared to $280,000 in 2007. Operating expenses were $36 million in 2008 compared to $21 million in 2007 as Ener1 increased research and development expenditures for customer and government projects, with R&D accounting for $23 million. million in 2007. Overall, Ener1 reported 2008 revenues of $6.8

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World Economic Forum Report: US$515 Billion Per Year Needed in Green Investments

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A report released by the World Economic Forum during its annual meeting in Davos warns that to have a chance of limiting the average increase in global temperatures to 2°C, a level which an increasing number of experts already considers unsafe, at least US$515 billion per year will need to be invested in clean energy globally between now and 2030.

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Yardney and Coda Automotive Form JV for US Automotive Li-ion Systems Production; Lishen Expected to Participate

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Coda Battery Systems LLC submitted a proposal under the stimulus grant program to the Department of Energy on 19 May for funding to build manufacturing at a facility in Enfield, CT. In 2007, Yardney received two federal awards totaling $200,000 for developing lithium-ion batteries for use in hybrid electric vehicles.

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