SoCalTech is reporting that Aptera Motors has filed information regarding new funding coming in to the company. According to the report, Aptera has raised an additional $9.8 million to help produce its lightweight Aptera 2e vehicle. Six investors have reportedly chosen to pu
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The U.S. Department of Energy has dug into its coffers once again for alternative energy research, this time putting up to $385 million forward to fund six cellulosic ethanol over the next four years. DOE Secretary Samuel W. Bodman made the announcement, going on to say that when fully operational, the six biorefineries will produce more than 130 million gallons / 492 million litres of ethanol per year. The funding is part of President Bush's Twenty in Ten Initiative which aims to reduce America
Twelve months ago the major oil companies delivered a biofuels action plan to the Australian Federal Government, predicting that their biofuel use would rise in 2006 to between 89 million litres and 124 million litres (23.5 million - 32.7 million gallons) of ethanol and biodiesel in 2006. The actual figure, as estimated by Renewable Fuels Australia, is sales of just 24 million litres of the biofuels this year by the major fuel retailers.
On Tuesday, while speaking to the Council on Competitiveness and the Chicagoland Chamber of Commerce Foundation, Energy Department Secretary Samuel Bodman announced that $100 million has been awarded to 25 fuel cell research and development projects. Bodman said, "We expect hydrogen to play an integral role in our energy portfolio and we are eager to see hydrogen fuel cell vehicles on the road in the near future."
