Remove Companies Remove Grid Remove Market Remove Stimulus
article thumbnail

MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems

Green Car Congress

The company anticipates making $80 million in capital expenditures in Massachusetts to build up its manufacturing and R&D capabilities there by the end of 2014. With the new expansion, A123 Systems will assemble and commission grid-storage battery systems in Massachusetts.

Grid 199
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

ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

Green Car Congress

ZAP and Jonway partnered on the production of an electric version of the compact 5-door Jonway A380 SUV, integrating AC propulsion and lithium-ion battery system technologies to produce a mid-range electric vehicle (EV) that ZAP intends to offer to the fleet market in China. The conventional A380 is powered by a 1.6- liter Mitsubishi engine.)

China 186
article thumbnail

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

Perspective by The Townsend Company. These three leading international energy markets illustrate how progress is being made in other major energy-intensive nations, but they are not alone. Would a CAFE-type standard for renewable energy generation companies in the USA not also be appropriate? RPS policies as of March 2011.

Renewable 220
article thumbnail

ABB invests $10M in ECOtality

Green Car Congress

Net proceeds of the $10 million equity investment from ABB will be utilized by ECOtality as working capital to support the continuing requirements of the EV Project and will provide the Company with necessary funding to meet its anticipated expansion as a leader in electric vehicle (EV) charging infrastructure.

article thumbnail

Ener1 Establishes European Division

Green Car Congress

The European division is being created to meet growing demand for electric drive and battery technology among Europe’s top car companies as well as other business opportunities involving energy storage applications. The company was recently selected to be awarded a $118.5

article thumbnail

PwC industry survey provides check-up on determining factors for EV success

Green Car Congress

Among the findings of the survey: Approximately one-third (33.8%) of respondents felt the lack of investment to modernize the grid is a primary roadblock preventing the widespread support of EVs. 19% of those surveyed indicated the government should bear the primary burden of developing and funding an EV infrastructure or smart grid.