Mind Safari

Posts Tagged ‘zero-emission’

Companies working on ideas for charging and fueling green cars have been on a roll lately. The streak kicked off last Sunday with Better Place landing $350 million in equity, and continued with SunHydro touting plans to dot east coast highways with hydrogen fueling stations. Now Coulomb Technologies, provider of electric charging stations for plug-in vehicles, has gotten its turn, raising $14 million in a second round of venture funding.

All of these companies have been working out of the limelight for a while now — infrastructure isn’t as sexy as the cars themselves. Coulomb has quietly been installing its ChargePoint Networked Charging Stations one city at a time in North America and Europe. These machines, small enough to be bolted to a roadside street lamp, pump up to 240 volts of AC power or 500 volts of DC power, juicing up drivers’ batteries quickly while they’re on the go — all they have to do is swipe a ChargePoint card, just like a debit card.

But Coulomb says 2010 will be its breakout year, with plans to roll out thousands of new stations across many cities, and to establish footholds in Asia and South America. The recent funding, led by Voyager Capital and Rho Ventures, and including Siemens Venture Capital and Hartford Ventures, should give it the boost it needs to make this happen.

In addition to installing stations in one municipality at a time, the Campbell, Calif., company is also forging partnerships with companies who will make the technology available in their parking lots. Perhaps the biggest boon in this area was the deal with McDonalds to make charging stations accessible for fast food diners with plug-in vehicles. The company also counts Dell, Reliant Energy, DTE Energy and Element Hotels among its strategic partners. In all, it provides charging stations to 120 clients, including cities.

The funding is yet another sign that electric vehicle infrastructure is finally attracting the attention it deserves. For a while, EV makers and enthusiasts alike have been wondering how wide adoption of these cars will occur without the necessary charging and fueling infrastructure already existing in the field. Last year, Coulomb snagged $3.8 million in a first round of funding. The fact that its latest fund-raise tripled this amount is an extremely positive indicator of investor interest.

Now that infrastructure companies are starting to get the resources they need, it will be interesting to watch how competition between them plays out. Better Place, which is also pursuing a similar charging station concept, has focused a lot recently on battery-switching stations, where drivers could swap out depleted batteries for fully-charged models at designated points. This solution is intended to address charging wait times, which could still exceed a half hour with Coulomb’s stations. No would one want to wait a half hour at a gas station, is the thinking.

There is also hydrogen fuel cells to consider. With Toyota, Daimler, General Motors and Honda all working on hydrogen-powered cars, these models could present formidable competition for EVs. SunHydro, a startup planning to use solar energy to generate the hydrogen for fueling stations, seems to have a feasible, affordable plan. How much of the market will it carve out?

Estag Capital provided Coulomb’s first round of funding last year.

By  Camille Ricketts

PHOENIX, Jan 28, 2010 — BUSINESS WIRE

U.S. Department of Energy Secretary Steven Chu today recognized ECOtality, Inc. (OTCBB: ETLE), and its wholly owned subsidiary, eTec (Electric Engineering Transportation Corporation), for the company’s work toward establishing robust electric vehicle charging infrastructure in the United States. Secretary Chu made his remarks at the Washington Auto Show in Washington, D.C. today during a news conference to announce financing that will enhance U.S. electric vehicle manufacturing.

“eTec is working on the largest EV infrastructure deployment in the world, and we are working very closely to get EVs on the road,” said Secretary Chu. “We need charging stations and infrastructure – it is very important.”

Secretary Chu announced that the Department of Energy has closed a $1.4 billion loan agreement with Nissan North America, Inc. The loan will support the modification of Nissan’s Smyrna, Tenn., manufacturing plant to produce the Nissan LEAF, a zero-emission, all-electric vehicle, and the lithium-ion battery packs to power them.

In August 2009, ECOtality’s subsidiary, eTec, was awarded a federal stimulus grant of nearly $100 million from the U.S. Department of Energy (DOE). The grant is funded through the American Recovery and Reinvestment Act (ARRA), with the goal of creating thousands of new jobs, preserving existing jobs and jump-starting the economy.

The $100 million DOE grant is facilitating The EV Project, the largest rollout of electric vehicle infrastructure in the United States. With a match from project partners, The EV Project has a total value of more than $200 million, and will support electric vehicles with home-base, commercial and public chargers in major markets in five states: Arizona (Phoenix & Tucson areas), Washington (Seattle area), Oregon (Portland, Salem, Corvallis and Eugene), California (San Diego) and Tennessee.

eTec President and CEO Don Karner attended the announcement as a guest of Secretary Chu. Karner said, “The EV Project is paving the way for widespread acceptance of electric vehicles, and we are proud to be working with the Department of Energy to achieve the goal to create jobs and end our dependence on foreign oil.”

For more information about The EV Project, please visit www.theevproject.com.

About ECOtality, Inc.

ECOtality, Inc. (OTCBB:ETLE), headquartered in Scottsdale, Ariz., is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels. For more information about ECOtality, Inc., please visit www.ecotality.com.

Nissan is planning to roll out thousands of electric vehicles next year and is rushing to establish a network of charging stations where owners can plug in to keep them going.

The Japanese automaker is working with Ecotality to bring 11,210 chargers and 4,700 Nissan Leaf electric cars to five states — Arizona, California, Oregon, Washington and Tennessee. Ecotality is getting a big assist from the Department of Energy, which has granted the Arizona company $99.8 million to underwrite The Electric Vehicle Project. Ecotality calls it “the largest deployment of electric vehicles and charging infrastructure in history.”

Creating that infrastructure will be a huge challenge, but Mark Perry, director of product planning for Nissan North America, tells the Tennessean the company will be ready when the first Leafs (Leaves?) roll into showrooms in December 2010.

“There is a lot of work to be done and not a lot of time to do it,” he said. No kidding.

Look for the Nissan Leaf EV late next year. Nissan and Ecotality will, according to the Tennessean, install 220-volt chargers in customers’ homes throughout the state and create public charging stations in Nashville, Chattanooga, and Knoxville and along the highways connecting those cities. That sounds like a more ambitious version of the charging corridor SolarCity and Rabobank have created between Los Angeles and San Francisco.

Why Tennessee, you ask? Because Nissan North America is based in Franklin. Nissan is investing $1 billion in a factory in Smyrna, Tennessee, that will build lithium-ion battery packs for the Leaf and — beginning in 2012 — the car itself. The Department of Energy has loaned the automaker $1.6 billion to help finance that project. The batteries and cars will be built in Japan until the factory comes on line. Nissan plans to build as many as 150,000 Leafs a year once the factory gets rolling. Tennessee is slated to get 2,190 of the 220-volt “Level 2″ chargers that will recharge a dead battery in eight hours.

Ecotality and Nissan also will install 50 “Level 3″ quick-chargers that reportedly can do the job in as little as 20 minutes, according to the Tennessean. All told, Ecotality says it will deploy 10,950 Level 2 chargers and 260 Level 3 chargers in the five states. When those come on line remains to be seen, and the project could be slowed by building regulations and other bureaucratic hurdles, warned Colin Read, the company’s VP of corporate development. “We could get permission to install a charger in a home in Phoenix in three weeks, for example, but it took six weeks in Scottsdale (Arizona),” Read told the paper. “Our biggest issue is trying to get the red tape out of the way.”

Nissan believes cities might opt to install charging stations in public parking garages and other locations, and it also is talking to WalMart about the possibility of having chargers in the retailer’s parking lots. CostCo also has expressed interest, according to the Tennessean.

 Ecotality and Nisssan have launched a website to provide information about the Leaf, with real-time maps showing where charging stations are located. The site also allows you to suggest locations for charging stations in your community. When we drove a Leaf prototype last spring, Perry told us the cost per mile is 4 cents if you figure gas is 4 bucks a gallon, electricity is 14 cents a kilowatt hour, and you drive 15,000 miles a year. Compare that to the 13 cents a mile you’ll pay in a car that gets 30 mpg. Perry said the car will cost about 90 cents to charge if you plug it in off-peak.