There is now one less company working on developing hybrid drive systems for trucks and buses. Odyne Corporation has been developing plug-in hybrid systems for medium and heavy duty trucks and buses. Unfortunately, while vehicles like school buses, garbage trucks and delivery trucks have the ideal duty cycle for a plug-in hybrid drivetrain with comparatively small operating area and lots of low speed start-stop operation, the cost premium was simply too much for operators to bear in the current economy.
As a result, the company hasn't been able to generate enough revenue or find a buyer to keep it in business. Two months after hiring Matrix USA to investigate alternatives, the company is calling it quits. Odyne will be laying off its employees and winding down its operations.

[Source: Odyne via GreenCarCongress]

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