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ECOtality Inc.’s (ETLY.OB) eTec Awarded $8 Million from California Energy Commission
QualityStocks (August 31st, 2009) Writes:
ECOtality Inc. is a young company that has quickly become a known leader in clean electric transportation and storage technologies. Today the company announced that its subsidiary Electric Transportation Engineering Corporation (eTec) has been awarded $8 million from the California Energy Commission to support the largest-ever transportation electrification project.
With this $8 million award, eTec will be able to support the deployment of charge infrastructure and electric vehicles (EV’s) in the San Diego region. This will serve as part of eTec’s “American Recovery and Reinvestment Act of 2009 Cost Share: Alternative and Renewable Fuel and Vehicle Technology Program.”
When asked about the ramifications to eTec, Don Karner who serves as the president of the subsidiary stated, “As eTec’s proposed project to the U.S. Department of Energy is anticipated to deploy up to 2,550 charging stations in the San Diego area, this additional funding from the California Energy Commission will allow
...Arizona, California, California Energy Commission;, charge infrastructure, Debra L. Reed, Don Karner, ECOtality, energy independence, Jonathan Read, leader, Nissan North America, Oregon, president, President and CEO, president of the subsidiary, San Diego, San Diego Gas & Electric, Small & Micro Cap, Tennessee, U.S. Department of Energy, United States, USD, wall street, Washington
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