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The ink is now dry on an agreement between the DOE and CenterPoint Energy (CNP) for a whopping $200 million grant to accelerate the deployment of their advanced metering system and intelligent grid. You guys better put that kind of money to good to use! We’ll all be watching.
“We are very pleased to have finalized this agreement with the DOE to help accelerate the deployment of … Read the rest
Raser Technologies (RZ) received another life line today, this time in the form of the U.S. Treasury for $33 million as part of the American Recovery & Reinvestment Act. Raser is expected to receive the funds in about a week and will be used to retire debt and obligations related to its Thermo No. 1 geothermal project which has so far been a money pit. The company will continue to seek additional financing to … Read the rest
Clean Energy Fuels (CLNE) along with its customers and government agency partners have been awarded $34 million by the US Dept of Energy in order to offset the higher of cost natural gas vehicles. It’s part of a larger $300 million infusion allocated by the American Recovery and Reinvestment Act that will be used to defer the cost of building 11 natural gas fueling stations and put more 9000 alternative fuel vehicles on the road. … Read the rest
American Superconductor Corporation just announced that it has received $12 million in funding from the US Department of Energy. The funding comes from the American Recovery and Reinvestment Act and will fund smart-grid related projects. Here’s a breakdown:
$4.8 million to wrap up development of a three-phase 138 kilovolt (kV) fault current limiter (FCL) using the company’s 344 superconductors and low-inductance coil technology developed by Siemens.
$7.6 million to help complete phase II of AMSC’s … Read the rest
The Verenium (VRNM) and BP cellulosic ethanol, 50/50 joint venture, now has the government behind it if the due diligence process goes well. The companies announced today that their Highland project in Florida has been selected by the US Dept of Energy to enter into the due diligence phase of its loan guarantee program, which may provide guarantees for project debt covering up to 80% of costs. They are expected to break ground on the … Read the rest
EnerDel (HEV) has been awarded a $3.3 million contract by the Dept of Energy research for better safety and performance of lithium batteries. The research, to be conducted jointly with Argonne National Laboratories, will be funded under the DOE’s Vehicle Technologies Program and aim to eliminate the overcharging of batteries at the chemical level. EnerDel and Argonne have worked together in the past, receiving the Excellence in Technology Transfer award for their lithium-titanate chemistry. … Read the rest
General Electric and the Idaho National Laboratory just announced that they have received $2 million in funding from the Department of Energy for a project that transforms waste heat into electricity. CNET News estimates that the technology has the potential to improve the efficiency of industrial engines by 20 to 40 percent. The improvements in efficiency come from improving the Organic Rankine Cycle to convert heat from industrial engines into power in a cost-effective manner. … Read the rest
Ener1 seems like it would be one of the companies most likely to benefit from the stimulus plan. After all, the company makes batteries for electric cars and it has a manufacturing plant in Indiana, so it benefits American workers. Plus, the market for these batteries should take off as America tries to reduce the amount of fossil fuels used to power our vehicles. Here’s how Barron’s describes Ener1’s growth potential:
… Read the restIf Ener1 were to