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Automotive lithium-ion battery maker EnerDel will be using a portion of its recent federal stimulusgrant to purchase eight AeroVironment (AV) advanced electric vehicle power cycling and test systems. In August EnerDel was awarded a $118.5
has initiated a pre-packaged Chapter 11 bankruptcy case to implement a restructuring plan agreed on by its primary investors and lenders. million in federal grant funding under the stimuluspackage. million in federal grant funding under the stimuluspackage. Li-ion manufacturer Ener1, Inc.
million grant awarded under the federal stimuluspackage under a 50:50 cost-share program, of which EnerDel plans to spend $60 million in 2010. The announcement came during a special unveiling at the EnerDel facility of the new EnerDel-powered C30 electric vehicle platform for Volvo Cars. Earlier post.) Bill Cooke.
says it will pursue funding opportunities arising from the $2 billion allocated for advanced battery technology in the new economic stimuluspackage. The electrolyte is kept separate from the solid electrodes by a nanostructured membrane, preventing battery activation until power is needed. mPhase Technologies , Inc.,
The treasure chest was cleverly disguised in the form of Federal stimulus money from the ARRA, the American Recovery and Reinvestment Act. But snatching victory from the jaws of defeat – like a last second Derek Fisher three pointer at the buzzer – as I discovered from Brian Gitt, is the infusion of ARRA stimulus money.
The stimuluspackage is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Anderson has worked in power industry finance since 1992.
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