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Fisker Karma

Fisker Files Bankruptcy, DOE Loses $139M

Fisker Automotive has filed for bankruptcy protection and the Department of Energy sold its loan to a Hong Kong-based investor for $25 million, losing some $139 million in the deal. The DOE will have recovered a total of $53 million from the original $192 disbursed. Hybrid Technology Holdings, led by … Read more »

Ecotality Considers Bankruptcy Filing

Ecotality Considers Bankruptcy Filing

Ecotality may file for bankruptcy, the electric car charging station maker has warned investors. The company has failed to increase sales and bring a new product to market, according to its filing with the US Securities and Exchange Commission, and says it will not generate sufficient revenue to support its … Read more »

Better Management for Better Place?

Better Management for Better Place?

Bankrupt EV battery swapping company Better Place has been sold for $12 million to Sunrise Group, a group of American and Canadian businessmen led by Yosef Abramowitz. Abramowitz is president, co-founder and CEO of Energiya Global Capital as well as president and Co-Founder of Arava Power Company. CNN named him … Read more »

Tesla Model S

Tesla Debuts EV Battery Swap System

Tesla Motors has debuted a system that swaps battery packs in electric cars in about 90 seconds. At an event yesterday, the electric car maker’s CEO Elon Musk said the system offers an alternative to charging EVs and should help convince consumers that EVs are “more convenient than a gasoline … Read more »

better place

How Battery Technology Killed Better Place

With EV battery swapping company Better Place filing for bankruptcy over the weekend, don’t expect to see other startups pursing battery swapping infrastructure, says Dallas Kachan, managing partner of cleantech research firm Kachan & Co. “When Better Place was founded, the jury was still somewhat out regarding battery swapping and … Read more »

Better Place Winds Down US Operations

In what appears to be the latest of Better Place’s mounting difficulties, the EV battery swapping company says it is winding down North American and Australian operations and will focus its efforts in Denmark and Israel. Better Place says commercial operations are already fully underway in the company’s “two core … Read more »

Environmental Executive Moves: Better Place, Proterra, Herakles Farms

Here’s the latest news on hirings, promotions and departures among environmental leaders. Better Place: The EV battery swapping company’s CEO Evan Thornley, who took over in October 2012 after the departure of founder Shai Agassi, has left the company. Idan Ofer will assume the role of executive chairman and manage external … Read more »

GE Puts the Brakes on 25,000-EV Plan

General Electric has downshifted its 2010 pledge – touted at the time as the largest such commitment in history – to buy 25,000 electric autos by 2015, Bloomberg reports. Deb Frodl, GE’s corporate fleet-services chief strategy officer, tells the news service that GE customers wanted more options, so GE has included natural … Read more »

ChargePoint, DBT ‘Leaders’ in EV Equipment

ChargePoint, DBT ‘Leaders’ in EV Equipment

ChargePoint (formerly Coulomb Technologies) and DBT lead the electric vehicle supply equipment market, according to a Pike Research report. Pike Pulse Report: Electric Vehicle Charging Equipment says these companies have secured a large market share, operate in a range of critical geographic markets and offer a wide range of products. … Read more »

Sustainability ‘at a Tipping Point’ in Canada

Sustainability ‘at a Tipping Point’ in Canada

Canadian businesses and policymakers are reaching a decisive point in their relationship with the green economy and the accountancy profession will play critical role in ensuring the outcome won’t harm the country’s future generations or the natural resources on which it depends, according to a report from the Association of … Read more »

EV Makers ‘to Exit in 2013’

EV Makers ‘to Exit in 2013’

Capital will shift from electric vehicles to battery components in 2013, forcing some EV companies to exit the market or be acquired, according to a new white paper by Pike Research. Pike says the emphasis will be on components rather than complete battery packs, and chemical conglomerates such as Dow Energy Materials … Read more »

GE to Buy 2,000 Ford Plug-in Hybrids

General Electric will purchase 2,000 Ford C-MAX Energie Plug-in hybrids for its fleet as part of a broader collaboration with the automaker. The Ford C-MAX Energi plug-in hybrid provides a 21-mile electric-only range, a 108-mpg city EPA rating and a 620-mile single-tank driving range. GE will begin integrating the Ford … Read more »