article thumbnail

VeraSun Obtains $280M “Stalking Horse” Bid from Valero for Six Ethanol Facilities; Seeking to Sell All Assets

Green Car Congress

VeraSun and 24 of its subsidiaries filed petitions for relief under chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court in Wilmington, Delaware on 31 October 2008. VeraSun hedged its corn purchases during the price spike in the summer of 2008 when cost per bushel had soared to nearly $8. Earlier post.). Earlier post.).

article thumbnail

DOE Announces Nearly $11 Million for Advanced Automotive Battery Research, Development, and Demonstration Projects

Green Car Congress

These projects were selected under the battery materials and manufacturing topic area from the Vehicle Technologies Program Wide Funding Opportunity Announcement released early in 2008. of Indianapolis, Indiana, has been selected for negotiation of an award for up to $3.3 Earlier post.) Earlier post.).

article thumbnail

DOE releases three reports showing strong growth in US fuel cell and hydrogen technologies market

Green Car Congress

These research and development efforts have helped reduce automotive fuel cell costs by more than 50% since 2006 and by more than 30% since 2008. At the same time, fuel cell durability has quadrupled and the amount of expensive platinum needed in fuel cells has decreased by 80 percent in the last decade. Earlier post.).

Hydrogen 150
article thumbnail

FPL Group and Duke Energy Pledge 10-year, $600M+ Commitment to Transition Fleets to PHEVs and EVs

Green Car Congress

In announcing their partnership, FPL Group and Duke Energy called for a wide variety of organizations to commit to greening their vehicle fleets, including corporations, governments, universities and other agencies. The initiative will begin 1 Jan. 2010, when both companies will begin tracking their commitment. FPL Group, Inc.

Fleet 231
article thumbnail

RMI Launches Project Get Ready to Help Communities Prepare for Plug-ins

Green Car Congress

Rocky Mountain Institute (RMI) launched Project Get Ready , an initiative that emerged from its Smart Garage Summit in October 2008 and that is intended to help communities prepare for plug-in vehicles including full battery electric, plug-in hybrid electric, and converted hybrid or internal combustion vehicles.

Plug-in 150
article thumbnail

Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

During past eight years the number of plug-in electric vehicle models has increased from one to more than 20, battery costs have decreased 70%, and the number of electric vehicle charging stations has increased from less than 500 in 2008 to more than 16,000 today—a 40-fold increase. Duke Energy Indiana. Berkshire Hathaway Energy.

Obama 150
article thumbnail

Hyperbrake Hydraulic Braking System Technology Completes Preliminary Thermal Stress Testing

Green Car Congress

Janel Hydro Company, in conjunction with Automation & Control Services (ACSS) of Schererville, Indiana, has completed further preliminary tests of the Hyperbrake system this week in Griffith, Indiana. Check Valve. Click to enlarge.

Indiana 150