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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.

Grant 299
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Saft begins deliveries of first lithium-ion batteries produced by new Jacksonville plant

Green Car Congress

The 235,000-square-foot facility, which will employ 300 people once completely invested, was partly financed by a $95.5 million federal grant from the Department of Energy (DOE) under the American Recovery and Reinvestment Act (ARRA). —Dan Miller, Jacksonville operations manager.

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Valence Applies for $225M in DOE Funds for Advanced Battery Production Facility

Green Car Congress

submitted a grant application requesting $225 million to the US Department of Energy under the Electric Drive Vehicle Battery and Component Manufacturing Initiative. Valence submitted its application requesting the federal grant funds over a three-year period and plans to fund the remaining $359.4 Valence Technology, Inc.

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Tesla + Toyota

Revenge of the Electric Car

“In a great big hurry, our fortunes have changed,&# said Bob Wasserman, now in his second term as Fremont’s mayor and his first week as its green-tech cheerleader. Hub of green tech. “Clearly it’s a goal of ours to be a hub of clean- and green-tech, and Tesla and Solyndra are two big players in that arena.&#.

Toyota 191
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Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. USDA provides grants and loans and other financial support to help biofuels and renewable energy commercialization. Biomass Crop Assistance Program.

Obama 218
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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

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