NeoVolta has completed phase one of its loan application for $250 million from the U.S. Department of Energy (DOE) Title 17 Loan Program and has been approved to proceed with phase two technical due diligence.
To meet domestic content requirements for commercial grade Battery Electric Storage Systems (BESS) and other components, the company will establish a manufacturing facility that can accommodate 150 employees.
Additionally, NeoVolta will establish regional deployment and support centers to meet growing demand nationwide. The company will vertically integrate the manufacturing supply chain, primarily producing its battery cell technology, both cylindrical and prismatic. A percent of that production will be utilized for third party sales, with the aim of enabling more manufacturers to participate with domestic content. The company will also expand into inverter production and assembly.
“Strengthening U.S. manufacturing and increasing vital domestic content is a bi-partisan issue that transcends national elections, and we are proud to be part of this national effort,” says Ardes Johnson, CEO of NeoVolta.
“Given the renewed focus on U.S. manufacturing and componentry, combined with the need for grid resilience and stability, NeoVolta is preparing to launch and expand U.S. manufacturing, while completing the development of our commercial grade products. We are pleased to hear the president-elect’s multiple pro-solar energy statements throughout the campaign and look forward to providing American-made solar technology storage solutions that will strengthen our grid and efforts to achieve energy independence.”
NeoVolta says it has received offers for the establishment of a headquarters, manufacturing facility and regional offices from state economic development agencies, and is reviewing them.
The post NeoVolta $250M Loan Application Part One Approved by DOE Program appeared first on Solar Industry.
Renewable Energy
Raw Stupidity: Yet One More Reason that Trump Must Go
From the Huffington Post:
A senior FBI officer struggled to answer basic questions about antifa, despite characterizing the organization as “the most immediate violent threat” the US faces.
At a House Committee on Homeland Security hearing on Thursday, Michael Glasheen, operations director of the national security branch of the FBI, said he agreed with President Donald Trump that antifa is one of the greatest national security threats to the country.
The answer, of course, is that “Antifa” is a concept, not an organization. It refers to anyone who is against fascism. It has no headquarters, no leaders, and no members.
Now, it is true that people with these views can be violent. When my father led a crew of his fellow anti-fascists, flying a B-17 bomber in World War 2, they completed 29 successful missions, destroying Nazi oil refineries. Were Nazi soldiers killed in the process? I never asked him that, and he probably didn’t know, as they were flying at 29,000 feet, but it seems extremely unlikely that no one died.
In peacetime, we antifa people are non-violent. We may be marching for BLM, or encouraging the use of science in policymaking, or expressing our view that the United States should not have a king.
The FBI must understand this; they must be saying this purely to placate Trump. No one can be that stupid.
Renewable Energy
Hydrokinetics Gone Awry
When I came across the meme at left, I was instantly reminded of a guy who called me from Baltimore, MD about 15 years ago, anxious for me to hunt up investors in an invention he had created. I was having a hard time understanding the concept he was describing, and so he told me, “Think of it as a river in a box.”
“Ah! Now I get it. You have a box full of standing water. You add energy to it to get it moving, and then our extract energy from the moving water. And you think that you can extract more energy than you put into it.”
“Yes!” he said excitedly.
I calmly told him that this violates the laws of physics, specifically the first and second laws of thermodynamics, but he wasn’t “having it.” I wished him a pleasant good night and asked him to let me know when he had built a working prototype.
I’m still hoping to hear from him again.
Renewable Energy
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