article thumbnail

FIA Approves Andretti and Cadillac for Formula One

The Truth About Cars

The Federation Internationale de l'Automobile (FIA) has confirmed that Andretti Formula Racing LLC has been granted approval to join Formula One. While Micheal Andretti first announced plans to have the family racing team join the F1 grid in 2022, FIA hadn’t taken the matter under serious consideration until the following year.

Cadillac 105
article thumbnail

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.

Financing 225
article thumbnail

How to Take Advantage of EV Charging Incentives for Fleets

Blink Charging

Grants – Lump sums of money for specific purposes that you do not have to repay. Commercial EV Charging Grants and Incentives There are local, state, and federal rebates and incentives available for EV charging at qualifying businesses across the United States. Technology and market readiness resources.

Fleet 52
article thumbnail

Why Smart Energy Management is Critical for EV Fleet Success

Driivz

However, in the big picture, environmental gains from EVs may be offset by stressing the grid. That means fleet managers cannot always take the availability of power for granted. Grid operators must either purchase additional energy on the open market to cover shortfalls or divert energy from other customers.

Fleet 52
article thumbnail

Select the Right EV Charging Management Partner for your NEVI Program Project

Driivz

Intended to remove the speedbumps from building a high-speed EV charging network along designated Alternative Fuel Corridors , NEVI grants cover up to 80% of the cost of new or upgraded EV charging infrastructure. Charging-Network-to-Grid Communication. Charging-Network-to-Charging-Network Communication.

article thumbnail

New tax rule could save consumers thousands on home energy tech

My Energi

Zero rating will also be granted to products installed at commercial properties used solely for charitable purposes. It seems shortsighted at best to exclude certain products from VAT relief that are already having a huge impact reducing consumers’ energy costs and reducing our reliance on energy from the grid.”

Energy 52
article thumbnail

PHEVLERs are the Zero CO2 Clean Green Machines of the Future

Green Car Congress

PHEVLERs make our electric grid more efficient. [ 15 ] Electric power grids are designed with capacity to serve the highest power peaks demanded (e.g. PHEVLERs help support the electric grid. PHEVLERs are better than BEVs in support of the electric grid.

Clean 150