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A123 Systems receives bankruptcy court approval of stalking horse bidding procedures

Green Car Congress

In addition to the stalking horse asset purchase agreement with Johnson Controls, A123 continues to engage in active discussions regarding strategic alternatives for its grid, commercial, government and other operations, and has received several indications of interest for these businesses. Bankruptcy Code. Earlier post.).

Delaware 261
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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). Li-ion maker A123 Systems, Inc. Earlier post.). Earlier post , earlier post.)

Financing 225
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Recharge IT

Plug In Partners

Google.org to to Accelerate Plug-In Hybrid and Vehicle-to-Grid Technology Google.org , the philanthropic arm of Google Inc. At today’s event, Google teamed with PG&E to demonstrate the bi-directional flow of electricity between plug-ins and the electric grid. In addition, Google Inc. Larry Brilliant, Executive Director of Google.org.

Recharge 100
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USDOT awarding $55M to support purchase of Low-No buses; electric buses and infrastructure

Green Car Congress

The US Department of Transportation’s Federal Transit Administration (FTA) announced $55 million in grant selections through the Low or No Emission (Low-No) Vehicle program, which funds the development of transit buses and infrastructure that use advanced fuel technologies. Delaware Transit Corporation.

Purchase 191
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US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

Green Car Congress

Transit agencies began submitting their proposals after the FTA announced rules for the Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) grant program as part of the Recovery Act last March. Since President Obama signed ARRA into law in February, grants totaling more than $7.2 The DOT is making $48.1

Emissions 256
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Utilities Are Taking an EV-industry Leadership Role

Driivz

Vehicle to Grid (V2G) is one approach being taken, where stored energy from the electric vehicles is used to power the grid during peak hours, and then the vehicles are recharged during non-peak times. For example, utilities in New York, New Jersey, Delaware, and Massachusetts are planning projects of about US$25 million each.

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ARPA-E Awards $151M to 37 Projects for Transformative Energy Research

Green Car Congress

The awarded grants will go to projects with lead researchers in 17 states. Of the lead recipients, 43% are small businesses, 35% are educational institutions, and 19% are large corporations. Planar Na-beta Batteries for Renewable Integration and Grid Applications. DOE grant: $7,200,000). DOE grant: $6,949,624).

Energy 231