tonyspumoni
Elio Addict
https://gigaom.com/2014/10/24/a-con...ry-on-energy-innovation-and-the-valleys-role/
Interesting comments from the U.S. DOE Secretary on the ATVM loan. They do not mention Elio Motors in particular, but I think it interesting on a number of accounts.
First, Secretary Moniz speaks of a new model of co-lending for their projects, with DOE funding part of an application and banks or private equity partners providing the rest.
Second, he says something that really caught my eye, "The importance of innovation in cleantech is extremely high. But it should be understood that ultimately the goal of that innovation is cost reduction." In this regard Elio Motors application should be splendid as it both cuts energy consumption but does so with a substantial decrease in sunk costs, both for owners and for society as a whole.
Third, he makes it clear that the imperative for positive change is urgent, saying that "the urgency of the climate challenge is one that we evaluate as being very important. I have no doubt that the energy system will progress as it has to lower carbon emissions. But we don’t have a lot of time. We have to pick up the pace of change."
There are many other nuggets here too. I doubt very much whether Moniz himself will have any active role in the second phase of the ATVM application but since he is likely to face a hostile Congress and have just two more years to accomplish his agenda, he will absolutely know all about his potential and actual loan and project portfolio, of which Elio is a part.
Interesting comments from the U.S. DOE Secretary on the ATVM loan. They do not mention Elio Motors in particular, but I think it interesting on a number of accounts.
First, Secretary Moniz speaks of a new model of co-lending for their projects, with DOE funding part of an application and banks or private equity partners providing the rest.
Second, he says something that really caught my eye, "The importance of innovation in cleantech is extremely high. But it should be understood that ultimately the goal of that innovation is cost reduction." In this regard Elio Motors application should be splendid as it both cuts energy consumption but does so with a substantial decrease in sunk costs, both for owners and for society as a whole.
Third, he makes it clear that the imperative for positive change is urgent, saying that "the urgency of the climate challenge is one that we evaluate as being very important. I have no doubt that the energy system will progress as it has to lower carbon emissions. But we don’t have a lot of time. We have to pick up the pace of change."
There are many other nuggets here too. I doubt very much whether Moniz himself will have any active role in the second phase of the ATVM application but since he is likely to face a hostile Congress and have just two more years to accomplish his agenda, he will absolutely know all about his potential and actual loan and project portfolio, of which Elio is a part.
