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Biofuel Companies and Trade Associations Push for Extension to Investment Tax Credits for Cellulosic Biofuels and The Inclusion of Algae Biofuels

Green Car Congress

A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend tax credits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those tax credits, and to create an option for monetizing the tax credits as tax refunds.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). by Bill Cooke. M barrels/day of oil within the next 10 years ”. Billion vs. $28.3 Billion in 2008). Long-Term Optimism.

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LG Chem to Build $ 303M Li-ion Plant in Holland, MI

Green Car Congress

Scheduled for groundbreaking this summer, the 650,000 square-foot facility will be financed in part from a $151.4 million grant the company received from the US Department of Energy (DOE) as part of the Recovery Act Award for Electric Drive Vehicle Battery and Component Manufacturing Initiative. Tags: Brief. LG Chem Ltd.

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Electrification Coalition Roadmap Calls for 75% of Light-Duty Vehicle Miles Traveled in the US to Be Electric by 2040

Green Car Congress

The Electrification Roadmap calls for 75% of light-duty VMT in the US to be electric by 2040. The newly formed Electrification Coalition ( earlier post ) has released its Electrification Roadmap , a report outlining a vision for the deployment of a fully integrated electric drive network. Source: Electrification Roadmap.

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Cash for Volts?

Revenge of the Electric Car

A coalition of car makers, battery suppliers and electricity providers has come together to ask for federal help for EVs. More details at: Group Seeks US Tax Credits To Spur Electric Car Use. All stressed that plug-in technology already exists and just needs a push on the financial front from Congress.&#.

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Fisker Lands Additional $85M for Karma Plug-in

Green Car Congress

The financing is expected to be completed this month and will be the fourth and largest investment round since the company’s inception in August 2007. liter gasoline engine runs a generator that can power the car’s electric motors for another 250 miles before refueling. Tags: Brief. After 50 miles, a 2.0

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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

Green Car Congress

Prior to 2016, allowance value is dedicated to offset electricity and natural gas rate increases for industrial rate-payers and to improve energy efficiency in manufacturing to keep power bills down in the future. It also establish pilot projects to determine the regional feasibility of light- and heavy-duty plug-in electric vehicles.