Since last summer there have been rumors that GM is building a $30,000 electric car with a driving range of 200 miles, and the Detroit Free Press reports that GM has confirmed the existence of this EV, minus any revealing details. Select investors and media were invited to check out several upcoming GM vehicles, though no cameras or phones were
Tesla and Panasonic are the two driving forces behind the massive battery Gigafactory being built in the Nevada desert. To facilitate this huge project, Panasonic has formed a new company to oversee its operations at the Gigafactory, and its initial $92 million investment is the first of many cash infusions. The Gigafactory will go online in stages, rather than all
Dr Heinz-Jakob Neusser, Volkswagen’s head of powertrain development, thinks that electric cars with over 300 miles of range aren’t too far off. The foundation of his argument is that the energy density of electric car batteries has been improving rapidly and will continue to do so. “I expect the next generation in 2015-17 will increase to around 300 km [186
In the market for a new car? You may want to consider a Honda or Acura if you want a sweet deal on solar power. Honda and SolarCity have announced the details of their renewed partnership that will provide $50 million in future solar projects. The partnership has already created a range of solar projects for homeowners, dealerships and corporate
The US-oriented solar energy services provider OneRoof Energy Group has secured $16.7 million in new financing, according to recent reports. The new capital/credit lines — from a number of different investors, of which Black Coral Capital and affiliates of the Hanwha Group are the largest — will be used primarily for working capital and project construction, as per a recent
Green Mountain Power just broke ground on a 2 MW photovoltaic plant in Rutland, Vermont. While some other large PV systems planned for the area have met with strong opposition (some residents worry large, ground-mount solar arrays will be an eyesore on the state’s pastoral landscape), this project seems to be welcomed with open arms. Why? It’s being built on
When people talk about the business case for the energy-efficient buildings achieved through comprehensive measures like deep energy retrofits, what usually comes to mind first is lower energy bills. However, an increasing number of organizations are recognizing the value beyond energy cost savings that energy-efficient buildings provide. In December 2013, Rocky Mountain Institute (RMI) wrote about how deep energy retrofits
European Union governments are considering the use of carbon-permit funds to help finance clean technologies and spur poorer nations toward a low-carbon economy under a planned deal on 2030 climate and energy policies. The bloc’s 28 countries may renew a special carbon-permit reserve — which yielded 2.2 billion euros ($2.8 billion) for renewable energy and carbon-capture projects over the past
SolarCity Corp. (SCTY) will offer loans for rooftop solar power systems in a bid to reach consumers who want to own the panels rather than lease them or pay cash. No-money-down leases helped SolarCity become the largest U.S. supplier of rooftop solar power. Today it will begin offering 30-year loans in eight states including New York and New Jersey that
After spending almost $30 billion on solar energy in a single year and installing as many panels as exist in the whole of Spain, Japan is preparing to ratchet back its boom in photovoltaic power. At least five of the nation’s utilities are restricting the access of new solar farms to their grids. Utilities say two years of rapid expansion