Posts Tagged ‘environment’

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Tesla Motors finalizes DOE loan for Model S

Tesla Motors will receive a long-sought $465 million loan to build a factory to build its planned Model S electric sedan, the U.S. Department of Energy said on Thursday.

With the loan, Tesla will be able to start making the Model S in volume during 2012 and ramp up to 20,000 units by the end of 2013. The location of the facility is expected to be in Southern California.

The Model S is one of a few highly anticipated electric cars coming out in the next few years. It’s designed to go over 300 miles on batteries, be large enough to carry five adults and two children, and still have lots of cargo space. The base price for the car will be almost $49,900.

For Tesla, the loan allows it to move ahead with its production plans in a difficult environment for raising the large amounts of capital needed to build a factory.

A number of other automakers invested in electrification will also receive Energy Department loans to encourage domestic auto manufacturing. Ford Motor received a $5.9 billion loan and the Energy Department has made conditional commitments to Tesla competitor Fisker Automotive and Nissan North America, which plans to introduce the all-electric Leaf later this year.

In a statement, Energy Secretary Steven Chu said the loan program is an effort to “lay the foundation” for the electric-vehicle industry.

Source :

http://news.cnet.com/8301-11128_3-10439050-54.html?part=rss&subj=news&tag=2547-1_3-0-20

LA fire likely to pass across Mount Wilson

The wildfire ravaging Northern Los Angeles County is expected to pass across Mount Wilson, home to TV and radio towers and the famed Wilson Observatory.

Mount Wilson Observatory Director Hal McAlister said Monday in an ongoing blog that the U.S. Forest Service informed him that passage of the fire across Mount Wilson was imminent. The USFS also said firefighters would battle the blaze from the air rather than on the ground.

Firefighers have already been pulled from Red Box, a major staging area about five miles from the observatory.

In his blog late Monday, McAlister reported:

Monday, 31 Aug 09, 2:46 pm PDT – I just spoke with Sherry Roman, Public Affairs Officer of the Angeles National Forest. She could give no updates as to the status of the fire in the Mount Wilson vicinity except that the USFS still considers that passage of fire across Mount Wilson is imminent and will be fought aerially rather than with ground personnel. Once the fire is through the area, they can assess the damage by air after the event before they can send in ground personnel. She also confirmed that firefighters have been removed from Red Box.This roller coaster has taken a dip downward.

McAlister’s latest blog (which mistakenly lists the day as Monday rather than Tuesday):

Monday, 1 Sep 09, 7:15 am PDT – …I do not at this point have any news – only what we can all deduce from Towercam and other sources. Towercam scenes continue to show thick smoke on the mountain with a concentration on the right side of the image implying activity on the mountain’s north side. It clearly has not reached the mountain and, if advancing towards us, it is only doing so slowly.

McAlister also reported that one of the two power lines to the mountain was knocked out by the fire. But the towercam showing the latest images is still online for now, allowing the Mount Wilson staff to monitor the flames.

The latest news from CBS in Los Angeles reports that the Station fire is still only 5 percent contained, and officials don’t expect full containment for another two weeks. At this point, the fire has destroyed 121,000 acres and 53 homes.

Full Story :

http://news.cnet.com/8301-1035_3-10323008-94.html?part=rss&subj=news&tag=2547-1_3-0-20

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