Rechargeable Zinc-Air Battery Company Approved to Receive $6.8M in Loans and Tax Credits from the State of Oregon and City of Portland

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ReVolt Technology, LLC, a company that is developing rechargeable zinc-air batteries ( earlier post ), has been approved to receive a package of loans and tax credits from Oregon and Portland authorities totaling approximately $6.8 ReVolt has selected a site in Portland’s Airport Way Urban Renewal Area to serve as its headquarters and expects to begin battery development and HQ operations there in October, supporting approximately 150 jobs between 2010 and 2015.

Top 15 Nissan LEAF markets in US in 2013

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Another three are on the West Coast and in Hawaii: Seattle (4), Portland (5), and Honolulu (6). Georgia has a tax credit worth up to $5,000 for zero-emissions vehicles. Portland. Illinois provides a $4,000 state tax incentive for purchases and reduced registration fees.

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Zinc-Air Battery Company ReVolt Applying for $30M in Recovery Act Funds; Targeting EV Applications

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ReVolt, based in Stäfa, Switzerland, has selected Portland, Oregon as the location for its US headquarters and manufacturing center. By locating in Oregon, the company will be eligible, and intends to apply for, Business Energy Tax Credits from the Oregon Department of Energy for battery research and production. Securing government grants and tax credits will allow ReVolt to significantly accelerate its operations in Portland and US expansion, the company says.

Why NPR Hates Electric Cars - A Greenius Expose

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Frank didn’t mention anything about the different cities like Portland and San Jose to name a couple who are building the first wave of plug in infrastructure.

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Revolt makes bid for $30million grant

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According to ReVolt, the zinc-air technology offers up to three times the energy density of lithium-ion on a volumetric basis and the company has already selected Portland in Oregon as a manufacturing centre for the batteries. By locating in the US state it becomes eligible to apply for Business Energy Tax Credits from the Oregon Department of Energy for battery research and production. It now hopes to secure government grants and tax credits to accelerate its US expansion.

Profile: Farmers Ethanol: Focusing on Sustainable Corn Ethanol Production and a Triple Bottom Line

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At the recent International Biomass Conference and Expo in Portland Oregon, Edward Einowski, a partner in the law firm Stoel Rives and an expert on biomass project financing, provided an overview of today’s financial situation: “ There has been a tremendous push towards quality ” said Einowski.

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Mitsubishi to begin offering customers test drives of North American spec i-MiEV in November

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Manufacturer’s Suggested Retail Price (MSRP) is $29,125—$6,075 less than electric vehicles produced by other mainstream automobile manufacturers—for the base ES model before a federal tax credit of $7,500 and available state financial incentives (subject to availability of funding).