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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). Li-ion maker A123 Systems, Inc. Earlier post.). in a transaction valued at $125 million.

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Two-way EV Charging – The Future of Electric Vehicle Power

Driivz

Two-way EV charging will reduce that even further- using EV batteries to power homes (vehicle-to-home V2H), buildings (vehicle-to-building V2B) or feed it back to the grid with vehicle-to-grid (V2G) technology. Driving V2G Adoption. For V2G to become ubiquitous, two things must occur: Policy & EV Charging infrastructure .

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Is Your EV Charging Business Prepared to Scale?

Driivz

All this increased demand will have a significant impact on the grid and the entire energy value chain and will require sophisticated energy management capabilities. . If your growth plans call for mergers and acquisitions, are you prepared to address the associated financial, legal, and operational challenges?

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BMW, Ford, Honda to Form New EV Charging Company

The Truth About Cars

Ford, Honda, and BMW have announced plans to create a new “vehicle-to-grid company” that’s aimed at standardizing vehicle charging via a singular platform. The service also seeks to return excess energy to the electrical grid, effectively converting EVs into publicly shared batteries.

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GM, Segway partner on two-wheel city vehicle | Green Tech - CNET News

Tony Karrer Delicious EVdriven

Photos: GM, Segway purr about PUMA Martin LaMonica is a senior writer for CNETs Green Tech blog. The PUMA looks like it might sell well in university and corporate campuses and those large empty subdivisions in SoCal and Vegas. If a go-cart cant legally drive there, then this thing wont be able to either. E-mail Martin.

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Gas War: U.S. House Suggests Ending California Emissions Authority, White House Says Nope

The Truth About Cars

Just a few days after the California Air Resource Board's mandate came out, Governor Newsom had to publicly beg electric vehicle owners not to charge their cars due to concerns of the power grid and blackouts. Furthermore, the EPA cannot legally issue a formal ban on combustion vehicles.