Tesla and the $2.6 billion merger

Elon has already established Tesla as one of the leading electric car manufacturers on the market, and now they are formally extending their focus in clean energy. The company plans to merge with SolarCity that is also led by Musk in an all-stock deal that values the company at $2.6 billion. Both companies want to be …

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BlueIndy Saves Indianapolis 500,000 gallons of gas

The rising cost of car ownership has driven a lot of Indy residents to use car-sharing services like BlueIndy to get around. In less than a year more than 2,100 Indy residents have subscribed to BlueIndy. According to consumer reports, as of this summer, the electric fleet has grown to 272 cars in operation and …

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$50M Project Coming to Purdue Research Park

Purdue officials celebrate by breaking ground Tuesday on a $50 million Manufacturing Institute in the Purdue Research Park. According to Purdue, the facility, which is also part of a $259 million U.S. Department of Energy initiative, will help build its reputation as a global leader in composite material research. The goal is to make lightweight, …

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Indianapolis-Based Company Lands Canadian Deal

Indianapolis-based EnerDel has been selected to provide upgrades to a fleet of buses in Canada. Société de Transport de Montréal in Quebec has selected EnerDel’s lithium-ion Energy Storage System for their Nova Bus parallel-hybrid fleet. Michael Canada CEO of EnerDel says “the agreement includes a five-year extended warranty, import and delivery to Canada, installation, recycling …

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Industry-Led Program Helps Cut Costs the Easy Way

Anderson-based Solas Ray Lighting has launched a program designed to connect businesses throughout the state with energy-efficiency strategies, rebates, and tax credits. Rebate Indiana, which was established early this year by the company and partner Continental Inc., is designed to fill the void left by programs like the defunct Energizing Indiana initiative. Shortly after Energizing …

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