Israeli bus company to invest $2.2M in wireless charging electric roads

December 15, 2017 by  
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Wireless charging electric roads just took a big step forward, as Tel Aviv transit service Dan Bus Company announced plans to invest $2.2 million in ElectRoad . ElectRoad’s technology buries electric coils beneath roads to wirelessly charge electric vehicles as they drive. Future EV drivers may never have to worry about stopping at a charging station with ElectRoad’s technology. Several months ago, investment management company Biomedix Incubator Limited announced an intention to acquire ElectRoad, and just signed a cooperation agreement with Dan Bus Company. Should the merger be completed, Dan Bus Company will invest as much as 8 million Israeli New Shekels (NIS) (around $2.2 million) in ElectRoad. Related: Israel to test electric roads that wirelessly charge vehicles as they drive According to Globes , “The agreement with Dan includes an initial NIS 3.1 million investment and options for Biomedix shares amounting to NIS 5 million at a company value of NIS 90 million.” ElectRoad’s technology uses conduction coils to power electric cars via magnetic induction. They point to zero emissions , high efficiency, and low costs as benefits of their technology. They also say the system could allow for energy sharing between vehicles and the grid . The startup plans to gradually penetrate the market by focusing on public transportation , such as bus lanes. Globes said in their article, “The investment by Dan and the agreement between the companies indicates that public transportation companies are indeed interested in the technology.” Dan Bus Company has already rolled out some electric buses that could be charged via cable at departure stations in two to three minutes for a range of 30 kilometers , or almost 19 miles, which they said was enough for the longest urban line. Electric road technology could make such charging unnecessary. + ElectRoad Via Globes/ElectRoad Images © ElectRoad

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Israeli bus company to invest $2.2M in wireless charging electric roads

What it takes to get corporate clean energy deals done

February 11, 2016 by  
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3M shares its experiences in entering a 120 megawatt power purchase agreement with a wind farm in Texas and Kohl’s talks about why its onsite solar investments save money.

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What it takes to get corporate clean energy deals done

Google inks a new wind power deal in Texas

September 18, 2013 by  
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The search giant signed a power purchase agreement with Chermac Energy’s 240MW Happy Hereford project in Texas.

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Google inks a new wind power deal in Texas

Meet Robyn Beavers, NRG Energy’s new power player

September 10, 2013 by  
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How can you reinvent the energy industry? Make it cleaner, more dynamic and resilient. And hire the person who got Google to go solar.

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Meet Robyn Beavers, NRG Energy’s new power player

500 MW Solar Power Plant Will Be Southwest Africa’s Largest

October 26, 2011 by  
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Santiago Medem / CC BY-SA 2.0 A massive new solar power plant is in the works for Namibia , Renewable Energy World reports. The proposed project, to be built near the capital Windhoek by SSI Energy Solutions, currently has a power purchase agreement with the Namibian governme… Read the full story on TreeHugger

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500 MW Solar Power Plant Will Be Southwest Africa’s Largest

Better Place Coming to China

May 2, 2011 by  
Filed under Eco, Eco Tech, Green

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Better Place has entered into an agreement with Chinese utility China Southern Power Grid to bring their battery swap stations to the Asian country. The first phase of the partnership will bring a battery swap station and an education center to city of Guangzhou by the end of the year.  By that time, more details of larger infrastructure projects between Better Place and the utility will be formalized and China will be well on its way to a booming EV infrastructure

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Better Place Coming to China

Paper & Wood Waste to be Mass Produced Into Car Fuel

January 14, 2011 by  
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Photo: Mascoma The first large-scale commercial operation to produce cellulosic ethanol (the kind of ethanol made not from corn or other grown crops, but from organic waste) in the US just got major backing from the oil industry, and will be online in 2013. The New York Times reports: the Mascoma Corporation of Lebanon, N.H., said it had reached an agreement with Valero, the nation’s largest independent oil refiner, under which Valero would take the entire output of a commercial plant that Mascoma is to break ground on this year in Kinross, Mich

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Paper & Wood Waste to be Mass Produced Into Car Fuel

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