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. Working together with companies and start-ups we will identify, develop, trial, and share applications. —Peter Altmaier, Federal Minister for Economic Affairs and Energy.

BMW 221
article thumbnail

A hydrogen-powered electric truck is being built by Adani in partnership with Ashok Leyland and Ballard

Electric Vehicles India

Indian company Adani Enterprises Limited has signed agreements with Ashok Leyland and Canadian company Ballard Power to pilot the development of hydrogen fuel cell electric trucks for the logistics and start-up of mining operations. He anticipates a capacity of up to 3 million tons of green hydrogen per year over the next decade.

article thumbnail

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

Green Car Congress

“Management tried repeatedly to protect against (closing) - even going without salaries for six months so that we could keep the company afloat and continue to pay employees,” said Ovan from his office in Chicago. Several military contracts totaling more than $5 million weren’t enough to keep the company afloat.

Lead Acid 220
article thumbnail

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

Green Car Congress

The company continues to work with the Department of Energy in support of its application. In addition to these grants, Bright Automotive has applied for $450 million in government loans under the Energy Independence and Security Act of 2007 Advanced Technology Vehicles Manufacturing Loan Program.

article thumbnail

Li-ion manufacturer Ener1 files pre-packaged Chapter 11 bankruptcy

Green Car Congress

has initiated a pre-packaged Chapter 11 bankruptcy case to implement a restructuring plan agreed on by its primary investors and lenders. million in federal grant funding under the stimulus package. million in federal grant funding under the stimulus package. Li-ion manufacturer Ener1, Inc.

Li-ion 261
article thumbnail

World Economic Forum Report: US$515 Billion Per Year Needed in Green Investments

Green Car Congress

The report shows that even after a tumultuous 2008, an index of the world’s 90 leading clean energy companies had a five-year compounded annualized return of almost 10%, unmatched by the world’s major stock indices. Green Investing: Towards a Clean Energy Infrastructure

Green 150
article thumbnail

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

Many countries, cities, companies, and individuals have made pledges to reduce emissions, and it is stark reminder that despite all this rhetoric, global fossil CO 2 emissions are more than 5% higher than in 2015, the year of the Paris Agreement.

Global 221