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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

A123 Systems has been the recipient of a number of state and federal grants and tax incentives. In December 2009, A123 entered into an agreement establishing the terms and conditions of a $249.1-million The agreement also provides for reimbursement of pre-award costs incurred from 1 June 2009 to 30 November 2009.

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Louisiana's Latest Political Drama Involves Alt-Fuel Vehicles

Green Car Reports

There's a storm a-brewin' in Louisiana over alternative vehicle tax credits. In 2009, the state legislature passed Act 469 (PDF) which grants tax credits of up to $3,000 to anyone who purchases a low-emissions vehicle that runs on alternative fuel, "including but not limited to compressed.

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Biden attends the Detroit auto show to further promote EVs

Setec Powerr

Congress and self-proclaimed “car enthusiast” Biden previously promised tens of billions of dollars in loans, manufacturing and consumer tax credits, and grants aimed at accelerating the U.S. At this year’s auto show, Detroit’s three largest car companies will showcase a variety of electric vehicles.

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Zinc-Air Battery Company ReVolt Applying for $30M in Recovery Act Funds; Targeting EV Applications

Green Car Congress

By locating in Oregon, the company will be eligible, and intends to apply for, Business Energy Tax Credits from the Oregon Department of Energy for battery research and production. Securing government grants and tax credits will allow ReVolt to significantly accelerate its operations in Portland and US expansion, the company says.

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BIO Calls for Policies to Nurture BioBased Chemicals and Plastics Industry in US

Green Car Congress

Total US employment in the chemicals industry declined by more than 20% in the last two decades, from more than 1 million in 1990 to just over 800,000 in 2009, and is projected to decrease further. Employment in the plastics industry has followed a similar trend, with a 12% decrease since 2002.

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Saft to Raise Approximately 120M to Fund Li-ion Plants in US

Green Car Congress

Saft made the announcement concurrent with its release of 3Q 2009 financial results: an 11.9% Saft remains very focussed on its exciting medium term growth prospects, with high performance Li-ion batteries and is delighted that its projects have been chosen by the US Government to receive grants to build new factories in North America.

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Berkeley Lab report finds installed cost of solar PV systems in the US dropped sharply in 2010

Green Car Congress

According to the report, the decline in PV installed costs seen by customer-owners of such systems in 2010 follows a significant drop in the wholesale cost for PV modules in 2009. W from 2008 to 2009, even though wholesale module prices dropped substantially over this period. W between 2009 and the first six months of 2010.

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