Remove Building Remove Grid Remove Industry Remove Stimulus
article thumbnail

How NI plans to innovate in the EV test and measurement industry and unlock the power of data

Charged EVs

The Austin-based company has been launching new products and making strategic acquisitions to build complete solution-level capabilities for EV battery testing and validation, led by its automotive customers who don’t have time to build up the technology themselves. There is also a growing sense that a few EV winners could take all.

article thumbnail

Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. Electric grids require balance in order to function properly. Energy storage on the grid is reaching a turning point. Earlier post.).

article thumbnail

IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

Green Car Congress

The overarching objective of the study is to analyze the scale and scope of investments in low-carbon technologies in power generation, transport, buildings and industry (including heating and cooling) that are needed to facilitate such a transition in a cost-effective manner, while also working towards other policy goals. Around US$3.5

Renewable 199
article thumbnail

A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

Green Car Congress

A123Systems has raised $69 million from GE and other investors to accelerate the expansion of its US lithium-ion battery manufacturing and smart grid capabilities. The capital will help support the expansion of A123’s facilities in Hopkinton, MA, and Novi, MI, as well as build planned new factories in Michigan.

Financing 150
article thumbnail

GE to Open Sodium-Metal Halide Battery Plant in New York

Green Car Congress

The announcement coincides with GE’s submission this week for federal stimulus dollars from the US Department of Energy. Immelt said that GE expected to generate about $500 million in sales from its batteries by 2015, building forward to a $1-billion franchise over time. The initial investment in the factory will be $100 million.

Sodium 191
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Annual investment in the global renewables industry had grown from $16.5

Financing 150
article thumbnail

Will Obama’s billions jumpstart the electric car? The Green Piece

Green Cars News

If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I Who will benefit? Our verdict.

Green 51