article thumbnail

Valence Applies for $608M in ATVMIP Loans to Build US-based Lithium-Ion Battery Production Facility

Green Car Congress

These loans will help finance the construction of a new $760-million lithium iron magnesium phosphate battery manufacturing facility to be located in Central Texas. Operating at full capacity, the domestic manufacturing facility would supply energy storage solutions for more than 250,000 hybrid and all-electric vehicles annually.

article thumbnail

Mn/DOT assessing potential for mileage-based user fee to replace fuel tax; Battelle conducting technology assessment

Green Car Congress

Other state DOTs also are researching alternative financing methods to supplement or replace a gas tax. The state of Oregon conducted a similar study completed in November 2007 and Iowa, Nevada and Texas are among several states currently researching mileage-based user fees. —Cory Johnson, project manager.

Fuel Tax 262
article thumbnail

Ford partners with Haier, Trina Solar and Delta Electronics to launch MyEnergi Lifestyle in China

Green Car Congress

If every home in the United States were to implement these energy-saving technologies, it would be the equivalent of taking all the homes in California, New York and Texas—32 million homes—off the power grid. Technologies in the MyEnergi Lifestyle program include: Ford Fusion Energi Plug-In Hybrid.

Solar 150
article thumbnail

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

Green Car Congress

Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. VIA Metropolitan Transit, Texas: $5,000,000. Buses will be powered by an Azure Dynamics hybrid system of Michigan.

Emissions 256
article thumbnail

Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Charging infrastructure financing: Unlocking Up $4.5 Loan guarantees can be an important tool to commercialize innovative technologies because these projects may be unable to obtain full commercial financing due to the perceived risks associated with technology that has never been deployed at commercial scale in the United States.

Obama 150
article thumbnail

Profile: Li-ion Battery and Pack Supplier Valence Technology

Green Car Congress

Founded in 1989, and headquartered in Austin, Texas, Valence has facilities in Nevada, China and Northern Ireland. Valence sees future families having two cars: a plug-in hybrid electric vehicle for longer trips and an all electric commuter car. a provider of lithium-ion batteries, modules and packs. Hydro-Quebec lawsuit.

Li-ion 150
article thumbnail

Solar Powered Greenius Producing Massive South Bay Energy

Creative Greenius

We’ve now got some Mo going with: California solar loan financing that will eliminate the big up front cost of solar. SOLAR FINANCING – WHO GETS IT AND WHO DOESN’T. The loans are financed through the sale of assessment district bonds. Oil that is, black gold, Texas tea. It’s a slam dunk.

Solar 170