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EV and Energy Efficiency Developments Drive $733 Million Venture Capital Investments in First Quarter

US venture capital (VC) investment in cleantech companies in Q1 2010 hit $733.3 million in 72 financing rounds, a 68% increase in capital and a 118% increase in deals compared to Q1 2009, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource. Compared to Q4 2009, these results represent [...]

Dept of Energy

Department of Energy Announces Closing of $529 Million Loan to Fisker Automotive

The Department of Energy announced today the closing of a $528.7 million loan with Fisker Automotive for the development and production of two lines of plug-in hybrid electric vehicles (PHEV). The loan will support the Karma, a full-size, four-door sports sedan, and a line of family oriented models being developed under the company’s Project NINA [...]


Fisker Automotive Expands to Accelerate Development of Next-Gen PLUGIN Hybrids

Fisker Automotive recently announced that it is expanding to accelerate development of its next generation plug-in hybrids, code named Project NINA.

Beginning March 1 Fisker Automotive’s global headquarters in Irvine, California will house all design, engineering, sales, marketing, and administrative operations. The company expects the number of new hires to expand dramatically.


U.S. Government Invests in Japanese Automakers Electric Vehicle Plans

The U.S. department of energy recently announced that it has closed a $1.4 billion loan agreement with Nissan North America, Inc. to retool their Smyrna, Tennessee factory to build advanced electric automobiles and an advanced battery manufacturing facility. The two projects are expected to create up to 1,300 American jobs and conserve up to 65.4 million gallons [...]


Tesla Receives Final Approval for Financing of New Electric Car Plant

Secretary of Energy Steven Chu announced the Department of Energy has closed its $465 million loan with Tesla Motors, Inc. for construction of a manufacturing facility in southern California on the Model S electric sedan and a power-train manufacturing facility in Palo Alto, California. The Palo Alto facility will assemble electric vehicle battery packs, electric [...]


Fisker Automotive to Deliver Karma Electric Sedan 36 Months From Initial Concept

In little more than two years Fisker Automotive has established itself as a force in the automotive industry.

Significant investments from major venture capital firms, a half-billion dollar conditional loan from the U.S. government and the establishment of a global network of independent retailers highlight the new American automaker’s rapid growth.

Green Automakers

THINK City production starts at new state-of-the-art Electric Car Facility in Finland

THINK has re-started production of the THINK City model, one of the world’s first urban EVs, at a state-of-the-art new facility with manufacturing partner Valmet Automotive in Uusikaupunki, Finland.

Valmet Automotive is a leading provider of engineering and manufacturing services to the automotive industry and recently became a THINK shareholder and strategic industrial partner. Today marks [...]


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Green Automakers

Next Generation Battery System for Hybrid Humvee

Automotive lithium-ion battery maker EnerDel, Inc. announced today that it will be working with the United States Army to develop a next-generation battery system for the hybrid version of the iconic High Mobility Multipurpose Wheeled Vehicle (HMMWV or Humvee), known as the XM1124 Humvee. The company, a subsidiary of Ener1, Inc. (Nasdaq: HEV), has received [...]

Green Military Vehicles

Diesel Hybrid Electric Drivetrain Developed for Military Applications

Quantum Fuel Systems Technologies Worldwide, Inc.  has introduced a fuel efficient, high performance diesel hybrid electric powertrain, “Q-Force,” after six years of development. This advanced, proprietary 4-wheel drivetrain can be configured for specialized military as well as commercial applications.

The first application of Quantum Q-Force is in a JP-8 fuel compatible diesel engine-based, battery dominant, series-hybrid electric [...]


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