article thumbnail

EV maker CODA files for Chap. 11 bankruptcy; restructuring business around energy storage

Green Car Congress

has filed a voluntary petition under Chapter 11 in the US Bankruptcy Court, District of Delaware (Petition Nº 13-11153) to enable the reorganization of its business solely around energy storage based on its Li-ion battery systems. Struggling electric vehicle manufacturer CODA Holdings, Inc.

article thumbnail

U. Delaware and NRG Energy vehicle-to-grid project selling power to PJM

Green Car Congress

A vehicle-to-grid (V2G) project between the University of Delaware and NRG Energy has begun selling power to PJM Interconnection for the power grid. We knew that by doing so would attract innovation and would find potential for energy storage or other technologies. Earlier post.). — Michael J.

Delaware 231
article thumbnail

Aqueous Hybrid Ion battery company Aquion files for Chap. 11, targets sale of assets

Green Car Congress

Aquion Energy Inc., the developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and energy storage systems ( earlier post ), filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court of the District of Delaware. Pleasant, PA in 2012. Whitacre, J.

Companies 170
article thumbnail

Tesla investors to vote on Texas incorporation, ratification of Musk’s 2018 comp plan at 2024 annual meeting

Teslarati

The document included details about the electric vehicle maker’s 2024 annual meeting of stockholders, updates regarding the company’s plans for CEO Elon Musk’s 2018 pay package, as well as an initiative to move Tesla’s state of corporation from Delaware to Texas.

Texas 125
article thumbnail

Tesla again urges investors to vote in favor of Musk pay plan, Texas move

Teslarati

Tesla has shared a new video ahead of its upcoming Annual Shareholders Meeting next month, urging voters once again to vote in favor of two proposals: CEO Elon Musk’s recently struck-down compensation plan from 2018 and the company’s re-incorporation in Texas.

Texas 119
article thumbnail

University of Delaware Licenses V2G Technology to AutoPort; 100 V2G EVs as Test Fleet

Green Car Congress

The University of Delaware has signed the first license for its vehicle-to-grid (V2G) technology with AutoPort, Inc., Top speed 95 mph Dick Johnson, AutoPort’s director of business development, said that AutoPort will work with major companies in the area to demonstrate the V2G concept. In September 2009, Delaware Gov.

Delaware 218
article thumbnail

CalSTRS says it will vote against Tesla pay package ratification for CEO Musk

Teslarati

The $56 billion pay package was approved by shareholders in 2018 and aimed to pay Musk a massive sum for achieving various tranches that involved company growth and increasing shareholder value. However, a judge in Delaware’s Chancery Court denied Musk’s pay package after a lawsuit was brought on by a small-time shareholder.

Tesla 99