Remove 2016 Remove Cleaning Remove Corporation Remove Massachusetts
article thumbnail

Fuel cells: Ballard Power Systems buying Protonex for $30M

Green Car Congress

Ballard Power Systems signed a definitive agreement to acquire Protonex Technology Corporation, a designer and manufacturer of advanced power management products and portable fuel cell solutions, in a transaction valued at $30 million. million, and paying the balance of approximately $25.6 million through the issuance of 11.2 Profitability.

Power 150
article thumbnail

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 is required to create 300 jobs no later than 31 December 2016 for the tax credit to be non-refundable. Massachusetts Clean Energy Technology Center. In October 2010, the Company entered into a forgivable loan agreement with Massachusetts Clean Energy Technology Center for $5.0 million in funding was cancelled.

Grant 299
article thumbnail

A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

Green Car Congress

A123 Systems, a developer and manufacturer of advanced lithium-iron phosphate batteries and systems, signed a non-binding memorandum of understanding (MOU) with Wanxiang Group Corporation establishing the framework for a strategic investment through which Wanxiang would invest up to $450 million in A123. million (a decrease of 53% from $36.4

2012 273
article thumbnail

USDOT awarding $55M to support purchase of Low-No buses; electric buses and infrastructure

Green Car Congress

Juneau, the Capital City of Alaska, has a clean, renewable source of energy, local hydropower. Delaware Transit Corporation. Delaware Transit Corporation will receive funding to purchase Proterra 35' Catalyst E2 battery electric Buses, serving Wilmington and Sussex County. Indianapolis Public Transportation Corporation.

Purchase 191
article thumbnail

Toyota FCV Mirai launches in LA; initial TFCS specs; $57,500 or $499 lease; leaning on Prius analogy

Green Car Congress

—Akio Toyoda, Toyota Motor Corporation President/CEO. It is also to create an agile and clean impression of air passing through and under the bumper. This creates an advanced clean design with aerodynamics that improve airflow. —Satoshi Ogiso, Managing Officer, Toyota Motor Corporation. The Prius analogy.

Prius 296
article thumbnail

California ARB votes to move forward with light-duty vehicle GHG and ZEV programs through 2025; cranking it up post-2025

Green Car Congress

After considering the Advanced Clean Cars Midterm Review ( earlier post ), the California Air Resources Board voted unanimously on Friday to continue with the vehicle greenhouse gas emission standards and ZEV program for cars and light trucks sold in California through 2025. Earlier post.) Earlier post.) Earlier post.)

article thumbnail

Auto Lobby Says EPA Targets Aren’t Achievable

The Truth About Cars

requirements under the Administrative Procedure Act and the Clean Air Act." But it’s hard to have any sympathy for the industry after so many manufacturers have been chanting the mantra of electrification since 2016. The public comment period for the proposal closes July 5.

EPA 122