Think City just announced that it has received a $5.69 million bridge loan from investors, saving it (at least for now) from bankruptcy. Not surprisingly, the majority of the money is coming from Ener1.
Ener1 has a $70 million battery supply contract with the troubled electric car company. Will the financing help? Reuters quotes a written statement from Think:
… Read the rest"The financing will allow Think to focus its efforts towards the next stages of the restructuring
AeroVironment announced yesterday that it has installed over 200 PosiCharge™ Fast Charge Systems for Nestle Corporation. The systems, installed at more than 14 Nestle facilities across America and Canada, are used to quickly and efficiently charge electric vehicles.
Mike Bissonette, AV Efficient Energy Systems’ senior vice president and general manager, commented on the news:
… Read the rest“Food and beverage customers have relied on PosiCharge™ fast charge systems to support their cold storage facilities, 24/7 operations, and internal
Officials with the Department of the Interior are requesting that the Federal Energy Regulatory Commission postpone approval of AES’ proposed LNG plant in Chesapeake Bay. The Federal Energy Regulatory Commission was expected to give AES permission to proceed with the plant, but the DOI wants to wait until an additional wildlife study is finished and analyzed.
According to the Baltimore Examiner, the proposed construction would include the following:
… Read the restFERC staff and U.S. Commerce Secretary
A-Power announced yesterday that it has signed a deal for a joint venture with GE Drivetrain Technologies.Under the terms of the agreement, the companies will work together to create a wind turbine gearbox assembly business. GE Drivetrain will own the majority of the business.
The companies also entered into a supply agreement, under which GE will provide more than 900 2.7 MW gearboxes to A-Power, starting in 2010.
… Read the restThe companies said
Suntech and Open Energy now have an exclusive partnership to license Open Energy’s building integrated solar roof membrane product. Suntech will manufacture, distribute and market the new product, a flat roof membrane that will be called SolarEze. The product is easy to install and durable, able to withstand extreme weather conditions.
According to Leonard May, Suntech’s Managing Director of BIPV Products:
… Read the rest"Open Energy’s product fits well within our line of solar roofing products adding an
Pacific Ethanol announced on Friday that it will be suspending ethanol production at its Madera plant starting tomorrow, January 12th. The plant can produce up to 40 million gallons of ethanol per year, but there is no word on when production will resume.
According to the Sacramento Business Journal, Pacific Ethanol "said in a news release that “extended unfavorable market conditions for producing ethanol” prompted the suspension.… Read the rest
The New York Times reports that General Motors (GM) will make lithium batteries for its much-anticipated Chevy Volt in Michigan, instead of making the batteries overseas. If the new plant goes forward as planned, GM will be the first automaker to produce these batteries inside the US. Since concerns have been raised about America potentially becoming dependent on foreign companies for batteries just as we are dependent on them for oil today, this announcement is … Read the rest
Johnson Controls is showcasing its Re3 concept car at the 2009 North American International Auto Show today. The Re3 is a small car, designed to be both fuel efficient and appealing to consumers. From the company’s press release, here are some of the features of the Re3:
… Read the rest— A plug-in hybrid battery system that allows generous seating for five adults in the vehicle;
— New, class-leading storage capacity in the instrument panel, enabled by the
AES Solar Energy Ltd announced that it has secured funding for 5 of its planned solar PV projects in Spain. According to the company, which is a joint venture between AES Corporation and Riverstone Holdings LLC, one of its subsidiaries obtained €70 million loan for the projects.
From RenewableEnergyWorld.com, here are more details about the terms of the loan:
… Read the resthe loan was provided by UniCredit Mediocredito Centrale of Italy and Rabobank of the Netherlands.
Just a heads up…FPL Group Inc is changing the name of its alternative energy subsidiary, FPL Energy. FPL Energy will henceforth be known as NextEra Energy Resources.
According to MSNBC, "NextEra Chief Executive Mitch Davidson said the company’s new name "reflects our focus on clean energy solutions and provides us with a strong brand platform to grow our business now and into the future."… Read the rest