Wednesday, May 14, 2008
A report on the website Earth2Tech claims San Francisco Mayor Gavin Newsom is negotiating the possibility of Project Better Place (Palo Alto, Calif.) building the infrastructure for a fleet of plug-in cars in the city, including battery-replacement stations and charging stations at parking meters.
According to the site, the discussions were held with Moshe Kaplinsky, CEO of Project Better Place Israel, during Newsom's recent visit to Israel.
In January, Better Place sealed a Memorandum of Understanding with Renault-Nissan to build the Electric Recharge Grid Operator (ERGO) model for clean transportation in Israel. Under the agreement, Better Place will build the electric recharge grid, and Renault-Nissan will provide the electric vehicles.
Next year, Better Place expects to deploy hundreds of charging stations as the company moves toward wide-scale deployment by 2011.
Earlier this week in Tel Aviv, Israel, CEO of Project Better Place, Shai Agassi, drove the first prototype of the proposed electric car.
Project Better Place has already raised $200 million - one of the largest initial funding rounds for a start-up in history.
According to a recent report in Reuters, the Renault-Nissan alliance might invest $500 million to $1 billion in the electric car project.
In late March, Better Place said it had signed a letter of intent with Denmark's DONG Energy, aimed at reducing CO2 emissions from the Danish car fleet.
By: DocMemory
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