UQM Technologies (UQM) Receives $45.1 Million From Department Of Energy

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05:33:15 am on September 8, 2009

UQM Technologies just announced that it has been awarded $45.1 million as a grant from the Department of Energy.  The grant, awarded via the American Recovery and Reinvestment Act, is for the development and deployment of electric vehicles and includes a 50% cost-share by the company, so the total project is valued at $90.2 million.

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