DaveinOlyWA wrote:its great that the EV project is expanding to new areas but wondering if this is new money or transferred money?
The expansion into Chicago, Philadelphia, and Atlanta is part of the original DOE funding that was allotted in 2009.
So, only the original $100 million in 2009, and not the subsequent additional $28 million ??? Where did that money go? Ok, I found it:
"Ecotality, a company that manufactures electric vehicle charging stations. DOE awarded Ecotality $99.8 million in 2009 to install 15,000 such stations across the country.
Shortly after that award, the Securities and Exchange Commission began investigating Ecotality for insider trading. It subpoenaed the chief executive of the company’s North American subsidiary, requesting communications with 18 individuals associated with the company.
Despite the ongoing investigation, DOE awarded Ecotality a $26 million contract in October 2011 for electric vehicle testing.
I didn't know your company was going to China. Seems like a lot of expanding with a lot of unfinished projects left in the wake.http://www.sustainablebusinessoregon.co ... nture.html