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ENER1 Raises $65M in Capital Though Sale of Notes

Green Car Congress

Ener1 will use these funds along with its grant from the United States Department of Energy under the American Recovery and Reinvestment Act, for general operating expenditures and to help pursue its intended manufacturing plans to install 260 MW, or capacity for 11,000 electric. The first such installment is due on January 2011.

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Lightning Hybrids introducing hydraulic hybrid system on walk-in box truck

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Morgan Olson walk-in van with Lightning Hybrids hydraulic drive system installed for AmeriPride. The system, which does not have electric batteries, uses this otherwise wasted energy for acceleration, supplementing power from the internal combustion engine to reduce fuel costs for fleet owners and greatly cut emissions.

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ENER1 Receives Additional $20M from Principal Shareholder

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Ener1 set out to raise $150 million at the start of 2010, to meet near-term manufacturing objectives.

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

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The US Department of Transportation’s Federal Transit Administration (FTA) announced $55 million in grant selections through the Low or No Emission (Low-No) Vehicle program, which funds the development of transit buses and infrastructure that use advanced fuel technologies. Fifty-one projects in 39 states will receive a share of the funding.

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

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Like the Recovery Act-funded projects, the annual Clean Cities projects include grants for vehicles, infrastructure, and education. The program includes the installation of 10 alternative fuel refueling sites (two B20, one Electric Recharging, and seven CNG). Last week, the Department of Energy also announced that.

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Ener1 Establishes European Division

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Through its subsidiary EnerDel, it designs, develops and manufactures, advanced high energy density, lithium-ion batteries. Ener1 also develops commercial fuel cell products through its EnerFuel subsidiary and nanotechnology-based materials and manufacturing processes for batteries and other applications through its NanoEner subsidiary.

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

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President Obama announced 48 new advanced battery and electric drive projects that will receive $2.4 The announcement marks the single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made. Companies and universities in Michigan are receiving more than $1 billion of the grants.

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