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From TechCrunch: $60K electric water toy lands $1M worth of preorders

Spark Powered

It takes a special kind of boldness to raise a wad of cash, claim to have $90 million worth of preorders, then pivot away from passenger ferries and light container ships, and instead start selling $59,000 personal watercraft. and one customer in Kuwait,” … Read in TechCrunch: [link].

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Personal mobility redefined. The operations in Kuwait and Iraq use approximately 431 million gallons of fuel per year. Aluminum takes more energy to produce but this is more than offset by improved vehicle performance. The association estimates a net savings of 22 lbs (10 kg) of CO 2 per pound (0.45 kg) of aluminum used.

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Saudi Arabia and Kuwait might, and should be encouraged to do so. The path from planned to market economies meant economic hardship for most of the former communist bloc; it also showed how elites can hijack transition processes for personal gain. Nigeria or Algeria cannot do the same for their oil industry. —Goldthau et al.

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