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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

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billion for the US Department of Energy (DOE). billion) above the FY 2015 enacted level. billion (35.8%) science and energy Budget Request, $1.3 billion for applied energy activities, including: $2.72 billion for applied energy activities, including: $2.72 President Barack Obama’s 2016 Budget requests $29.9

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Boeing HorizonX invests in lithium-metal rechargeable battery startup Cuberg

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Cuberg’s battery technology has some of the highest energy density we’ve seen in the marketplace, and its unique chemistries could prove to be a safe, stable solution for future electric air transportation. However, inadequate lithium plating efficiency at high charging rates limits the cycle life that can be achieved in a commercial cell.

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Electra Vehicles, Inc. Announces $21 Million Financing Round led by United Ventures

Electra Vehicles

Electra Vehicles was founded in 2015 by energy storage expert Fabrizio Martini, following his work with NASA, where he developed a novel battery system for Venus-bound spacecraft. Existing investors LIFTT S.p.A., Club degli Investitori, and BlackBerry Limited also participated in the round.

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Tesla makes ~$2.8B all-stock offer to acquire SolarCity

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And in March 2015, we launched Tesla Energy, which through the Powerwall and Powerpack allow homeowners, business owners and utilities to benefit from renewable energy storage. They have made it easy for customers to switch to clean energy while still providing the best customer experience.

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LG Chem Michigan Inc. to start automotive Li-ion battery production in July for Chevy Volt

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LGCMI) is targeting the launch of commercial production of automotive lithium-ion battery cells in July, 2013 at its Holland, Michigan facility once it has successfully completed the Production Part Approval Process (PPAP) and gained customer approval. The $303-million, 650,000 square-foot facility was financed in part from a $151.4

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DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

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DOE will continue to focus on significantly increasing the amount of cost-competitive electric power from renewable resources across the nation by further accelerating the development and commercialization of these technologies. DOE will continue to pursue carbon capture and storage technologies as well as nuclear power.

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Proterra and LG Chem co-develop new battery cell for heavy-duty market; Proterra sets electric distance record

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To increase access to its battery-electric buses, Proterra has also introduced an innovative battery-lease financing model that enables transit agencies to purchase electric buses at approximately the same price or less than fossil fuel-based alternatives. km) this month with 660 kWh of energy storage capacity. miles (1,772.21

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