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New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

Green Car Congress

To ensure and accelerate the transition, we must move beyond the set of traditional mechanisms that have been used to assist one-to-one replacements of trucks and buses, such as grant programs providing basic buy-down payments. To date, traditional government grant programs have helped fleet owners replace diesel trucks with cleaner ones.

Financing 221
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DOE to Award Up to $300M in Stimulus Bill Funding for Projects to Expand Use of Alt-Fuel and Advanced Technology Vehicles

Green Car Congress

The FOA modifies a much smaller and earlier-issued FOA by incorporating a supplemental $300 million appropriated by the American Recovery and Reinvestment Act (ARRA) of 2009 (the stimulus bill) for the Energy Policy Act (EPACT) of 2005 Section 721 to fund a competitive grant pilot program to be administered through the Clean Cities Program.

Stimulus 150
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PECO Expanding Fleet with NGVs & PHEVs

Green Car Congress

The utility is participating in a national consortium that recently was awarded a federal stimulus grant to purchase plug-in hybrid electric vehicles (PHEVs), and the company is buying more trucks to run on compressed natural gas (CNG) as well. The matching stimulus grant will provide up to $2.5

PHEV 186
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Li-ion maker Boston-Power adds $30M in funding; China expansion

Green Car Congress

GSR Ventures is an early-stage venture capital firm focused on building world-class technology companies in China. Long-standing Boston-Power investors Oak Investment Partners and Foundation Asset Management (FAM) also participated. '. The firm invests primarily in the Internet, wireless, green technology, and semiconductor sectors.

Boston 210
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Eaton to Support Project to Develop and Deploy Medium-Duty Plug-in Hybrid Systems; Stimulus Funding to Support Largest Commercial PHEV Demonstration to Date

Green Car Congress

million grant to develop a fully integrated, production plug-in hybrid system for Class 2 – 5 vehicles (8,501 – 19,500 lbs gross vehicle weight), and the accompanying demonstration of a fleet of 378 plug-in hybrid trucks and shuttle buses. billion in grants by the US Department of Energy under the American Recovery and Reinvestment Act.

Eaton 150
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MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems

Green Car Congress

The company anticipates making $80 million in capital expenditures in Massachusetts to build up its manufacturing and R&D capabilities there by the end of 2014. With the new expansion, A123 Systems will assemble and commission grid-storage battery systems in Massachusetts.

Grid 199
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Mayor DiVirgilio: “Why Hermosa Beach is Going Carbon Neutral”

Creative Greenius

Now is the time to use the stimulus, grant and foundation money available to those who lead before the map is even drawn. Now is the time to step up and seize the opportunities available to those who act on new realities before they become mainstream trends.

Carbon 170