Ford, GM line up Michigan tax credits for technology
MICHIGAN - Ford Motor Co. and General Motors Corp. are in line for tax incentives from Michigan aimed at helping them create electric vehicles and advanced batteries.
Ford has received a $55 million refundable tax credit to continue work in advanced battery and electric vehicle development. The incentive is expected to help Ford's recently announced strategy designed to bring four electric vehicles to market by 2012.
General Motors Corp. will get a tax credit worth $6.8 million if it gives final approval to a factory to make battery modules and packs for its Chevrolet Volt.
The tax incentives were announced from the Michigan Economic Development Corp.
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Toshiba, Tohoku Electric Power and Iwatani start development of large H2 energy system
TOKYO - Toshiba Corporation, Tohoku Electric Power Co. and Iwatani Corporation have announced they will construct and operate a large-scale hydrogen (H2) energy system in Japan, based on a 10,000 kilowat class H2 production facility.
The system, which will be built in Namie-Cho, Fukushima, will use H2 to offset grid loads and deliver H2 to locations in Tohoku and beyond, and will seek to demonstrate the advantages of H2 as a solution in grid balancing and as a H2 gas supply.
The product has won a positive evaluation from Japan’s New Energy and Industrial Technology Development Organisation (NEDO), and its continued support for the transition to the technical…
