cleantech strategy

cleantech strategy


The collaboration is the first major effort by the two industries on an electric vehicle and includes some of the biggest names in the power sector, so far spanning utilities that operate in nearly 40 states: American Electric Power Co., Austin Energy, Consolidated Edison Inc., Dominion Resources Inc., Duke Energy Corp., DTE Energy Co., Edison International, New York Power Authority, PG&E Corp., Progress Energy Inc. and Public Service Enterprise Group Inc., to name a few.
Both industries have a lot riding on the success of plug-in cars that will run largely on electricity, with gasoline or other fuels filling a supplementary role. Auto makers need a hot-selling product to revive sales and hope the technology will slash gasoline consumption and reduce reliance on imported oil. GM plans to introduce the Chevrolet Volt and Saturn Vue as its first models. Other auto makers, including Toyota Motor Corp. and Ford Motor Co., are working on versions of plug-in cars.
After more than a century of relying on gasoline as the main fuel for automobiles, GM and its rivals are scrambling to diversify energy sources. The Chevy Volt, due in late 2010, is intended to be the boldest effort yet, designed to run at full speed for at least 40 miles solely on lithium-ion batteries. Unless plugged in for a recharge, the gasoline engine kicks in at that point.
Auto makers need the cooperation of utilities since they control the new technology's primary fuel -- electricity -- and must make sure that the vehicles' recharging processes mesh with the electricity grid and don't inadvertently undermine grid reliability. GM first started courting utilities and other energy-related companies last year, knowing it needs the cooperation of several players, including battery makers, to produce plug-in vehicles that function as well as conventional cars and trucks.
Tuesday, July 22, 2008