article thumbnail

Valence Applies for $225M in DOE Funds for Advanced Battery Production Facility

Green Car Congress

The company’s proposed facility in Leander, Texas would manufacture lithium phosphate cathode material, high-capacity advanced cells and battery packs for electric drive vehicles and other applications. Valence submitted its application requesting the federal grant funds over a three-year period and plans to fund the remaining $359.4

article thumbnail

A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

In addition, the company recorded an inventory charge of approximately US$15.2 The Company is actively engaged in discussions with strategic partners for substantial investments in the Company. In addition, the Company is evaluating various options to raise cash in the capital markets. Earlier post.). million and $0.8

Grant 299
article thumbnail

Tesla + Toyota

Revenge of the Electric Car

The company received a $535 million federal loan guarantee for construction of a manufacturing plant, a massive structure now rising beside Interstate 880. . “Clearly it’s a goal of ours to be a hub of clean- and green-tech, and Tesla and Solyndra are two big players in that arena.&#. Some doubts left.

Toyota 191
article thumbnail

Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. Integrated pilot and ten percent of full-scale conversion facilities will be financed to determine suitable technologies for full-scale commercial deployment.

Obama 218
article thumbnail

Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,

Minivan 46