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ARPA-E awarding $30M to 12 hybrid solar projects; conversion and storage

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Under the FOCUS program, projects will develop advanced solar converters that turn sunlight into electricity for immediate use, while also producing heat that can be stored at low cost for later use as well as innovative storage systems that accept both heat and electricity from variable solar sources. Massachusetts Institute of Technology.

Solar 300
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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

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A123 Systems expects the full investment from Wanxiang will provide it with the capital necessary to strengthen its competitive position in the global vehicle electrification and grid energy storage markets. Further, Wanxiang has demonstrated its commitment to partnering with and investing in U.S.

Convert 231
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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

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Wanxiang’s proposed investment in A123 is intended to create the capital structure necessary for the company to continue growing its core businesses, and alignment with Wanxiang is also expected to substantially strengthen A123’s access to the growing vehicle electrification and grid-scale energy storage markets in China.

2012 273
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US DOE Awards $37 Million for Marine and Hydrokinetic Energy Technology Development

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The goal is to develop an optimal generator for current energy conversion. M3 Wave Energy Systems LLC (Salem, Oregon) will explore the commercial viability of the submerged Delos-Reyes Morrow Pressure Device (DMP), an innovative air pressure device utilizing bi-directional turbines for converting ocean wave energy into electricity.

Mariner 210
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US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

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Laredo Bus Facility Solar Canopies: Provide shade structures with integrated, grid tied photovoltaic cells to be erected on the bus storage lot at the Laredo Bus Maintenance Facility. Massachusetts Bay Transportation Authority, Massachusetts: $2,500,000. Lowell Regional Transit Authority, Massachusetts: $1,500,000.

Emissions 256
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DOE announces more than $65M in public and private funding to commercialize promising energy technologies

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To date, the TCF has funded more than 380 projects by unlocking more than $170 million in funding from more than 300 private sector partners, including automotive manufacturers, energy storage companies, utilities, bioenergy companies, solar providers, and aerospace companies. Watertown, Massachusetts). Newton, Massachusetts).

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DOE ARPA-E awards $156M to projects to 60 projects to accelerate innovation in clean energy technologies

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The new ARPA-E selections focus on accelerating innovations in clean technology while increasing US competitiveness in rare earth alternatives and breakthroughs in biofuels, thermal storage, grid controls, and solar power electronics. University of Massachusetts, Amherst. Massachusetts. storage material.

Energy 294