Investor says it never made deal with ZAP cars
A spokesman for GE Capital said there was no financial commitment made to California-based ZAP or its partner, Integrity Manufacturing of Shepherdsville.
Stephen White says reports that Norwalk, Conn.-based GE Capital had pulled out of the project are false because GE Capital had not made a proposal to fund it.
White told the Lexington Herald-Leader and The Associated Press there was never a signed contract.
Randall Waldman, chief executive officer of Integrity, told the Herald-Leader he thought he had a verbal commitment for $125 million from GE Capital for the project and was later told there would be no funding.
Gov. Steve Beshear said in August the proposed plant would employ 4,000 workers.
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What can we expect from clean hydrogen in Canada
TORONTO - As the world races to find effective climate solutions, hydrogen is earning buzz as a potentially low-emitting alternative fuel source.
The promise of hydrogen as a clean fuel source is nothing new — as far back as the 1970s hydrogen was being promised as a "potential pollution-free fuel for our cars."
While hydrogen hasn't yet taken off as the fuel of the future — a 2023 report from McKinsey & Company and the Hydrogen Council estimates that there is a grand total of eight hydrogen vehicle fuelling stations in Canada — many still hope that will change.
The hope is hydrogen…
