article thumbnail

BMW, Bosch, Volkswagen founding members of Quantum Technology and Application Consortium (QUTAC)

Green Car Congress

In the Stimulus and Future Package, the German Government has given a big boost to the development of Quantum Computers. The consortium promotes applications for the commercial use of this technology that are needed in the member companies. QUTAC’s vision is to drive such a quantum computing ecosystem.

BMW 221
article thumbnail

Study finds global oil demand likely to grow despite pandemic, climate policies

Green Car Congress

The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. Other findings include: COVID could drive a structural downshift in oil demand, even if economic growth in the short term brings about a recovery in oil use.

Oil 259
article thumbnail

Bright Automotive Applies for $35M in Stimulus Package Grants to Accelerate Production of PHEV

Green Car Congress

The IDEA is a multi-purpose, plug-in hybrid electric vehicle in the light truck classification aimed at commercial and government fleets.

article thumbnail

Next-generation Lead Acid Battery Company Firefly Energy Shuts Down, Files for Chapter 7

Green Car Congress

Firefly co-founder and CEO Ed Williams said that Firefly Energy board decided to cease operations “ after 15 months of unsuccessful attempts to raise $20 million in equity capital, in the midst of this worldwide financial crisis, funds that would have enabled the company’s transition to full production and commercial sales. ”.

Lead Acid 220
article thumbnail

EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

Green Car Congress

million grant awarded under the federal stimulus package under a 50:50 cost-share program, of which EnerDel plans to spend $60 million in 2010. million, which comprises a state incentive package of $21.3 million and Hancock County package valued at $48.6 The Indiana plant will be financed through a $118.5

Indiana 186
article thumbnail

mPhase to Pursue Funding From Stimulus Plan’s $2B for Advanced Automotive Battery Technology

Green Car Congress

says it will pursue funding opportunities arising from the $2 billion allocated for advanced battery technology in the new economic stimulus package. mPhase Technologies , Inc., When the battery is activated, the electrolyte passes through the membrane and contacts the electrodes, initiating the electrochemical reaction.

Stimulus 150
article thumbnail

Ford Starts EV Test Drives

Revenge of the Electric Car

The Dearborn-based company has a target of rolling out an electric-powered version of the Transit Connect commercial van next year, followed by an electric Focus in 2011. To contact the reporter on this story: Chris Reiter in Berlin at creiter2@bloomberg.net.

Ford 173