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Tesla replays DOE loan nine years early

Green Car Congress

billion fundraising , Tesla Motors has paid off the entire loan awarded to the company by the US Department of Energy in 2010. In 2010, Tesla was awarded a milestone-based loan, requiring matching private capital obtained via public offering, by the DOE as part of the Advanced Technology Vehicle Manufacturing (ATVM) program.

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

Key applications for long-duration energy storage include counterbalancing the intermittency of renewable energy sources such as wind and solar power; leveling the loads and time-shifting periods of peak demand on the grid; and avoiding or delaying the construction of costly transmission and distribution (T&D) assets, among others.

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US DOE Issues Request for Information on Hydrogen and Fuel Cell Market Development; Reports to Congress on Program

Green Car Congress

At the end of January, DOE also issued the Hydrogen and Fuel Cell Activities, Progress, and Plans Report to Congress as required by the Energy Policy Act of 2005 (EPACT). Report to Congress. This has the potential to meet the 2010 target of 5,000-hour durability for MEAs in an automotive fuel cell system.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

To right-size capacity levels and promote a viable industry, we believe 30 to 40 percent of all suppliers are at risk due to the necessary alignment of capacity with demand, which should stabilize in the 12 to 14 million-unit range by 2010-2011. Further, the government may be suffering from the early stages of bailout fatigue.

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GM: Putting 1M Plug-ins on the Road Will Require a Plug-In Ecosystem

Green Car Congress

Those wishing to participate will be able to tie into the multi-site webchat from Green Car Congress tomorrow, as well as directly on GM’s FastLane Blog , the EV World site, or the GM-Volt site. Percentage of 2010 electricity consumption required by 10M plug-ins. of projected 2010 electricity consumption in the US.

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Smart Meters and Electric Cars

Revenge of the Electric Car

Eric Tom, Correspondent) The picture of our carbon-free energy future is often depicted by a sea of solar panels shimmering in the sun, or orderly lines of giant white wind mills covering a hillside: large structures that capture nature’s gifts. “The auto industry is aligned, the public is aligned, even the president is aligned.