Bannon to build EV plant in New York
CLAY, NEW YORK - Bannon Automotive LLC, in a joint venture with IndiaÂ’s REVA Electric Car Company, is planning to construct a $30 million electric-car manufacturing plant in Clay, New York.
Construction plans include the renovation of an existing 150,000-square-foot building and the installation of production equipment for a facility that will produce 15,000 to 20,000 electric cars per year. The electric car plant will use technology developed by the REVA Electric Car Company and will build REVA's NXR Model a lithium-ion-powered hatchback with three doors and four seats. Construction is anticipated to begin in late spring of this year, with overall completion slated for early fall. Approximately 100 new jobs will be created.
Bannon Automotive LLC is located on Long Island in New York. The company was founded more than a year ago for the purpose of setting up a vehicle plant that to make affordable electric cars.
REVA Electric Car Company, founded in 1994 as a joint venture between the Maini Group of India and California-based AEV LLC, is considered to be the world's leading electric-car manufacturing company, producing environmentally friendly, cost-effective electric vehicles.
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Ontario's electricity operator kept quiet about phantom demand that cost customers millions
TORONTO - For almost a year, the operator of Ontario’s electricity system erroneously counted enough phantom demand to power a small city, causing prices to spike and hundreds of millions of dollars in extra charges to consumers, according to the provincial energy regulator.
The Independent Electricity System Operator (IESO) also failed to tell anyone about the error once it noticed and fixed it.
The error likely added between $450 million and $560 million to hourly rates and other charges before it was fixed in April 2017, according to a report released this month by the Ontario Energy Board’s Market Surveillance Panel.
It did…
