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Science Former SAP star Agassi to set up $1 billion electric car network in Australia
Science Former SAP star Agassi to set up $1 billion electric car network in Australia | Former SAP star Agassi to set up $1 billion electric car network in Australia |
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| by Stan Beer | |
| Thursday, 23 October 2008 | |
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Science DiscussionsA Palo Alto Silicon Valley startup company, Better Place was founded byIsraeli American Shai Agassi, former president of the product &technology group and executive board member of German business softwaregiant SAP. At the beginning of the year, with the blessing of the IsraeliGovernment, a joint venture was announced with car makers Nissan andRenault to build an electric car infrastructure throughout Israel usinga business model similar to the way the mobile phone industry works. Under the Israeli joint venture arrangement, car makers Nissan andRenault are supplying the electric cars. Better Place supplies LithiumIon batteries and is building a ubiquitous electric car infrastructurethroughout Israel, including 500,000 parking-meter-like charging pointson Israeli streets and service stations where spent battery packs willbe replaced with freshly charged packs within minutes. The battery packs provided by Better Place, which are claimed to have arange of about 200km, will not be owned by subscribers to the schemebut will be part of the service infrastructure where users pay for thenumber of kilometers driven. Users who charge batteries from their homewill be given a credit for the kilometers they put back into batteries,not unlike the way electricity users with solar panels are given creditwhen they supply energy to the grid. In late March, it was announced that Denmark had put up its hand tobecome the second testbed for Better Place. The Danish Oil and NaturalGas company, known as ‘DONG Energy’, is partnering with Better Place tocreate a new venture called Better Place Denmark. CONTINUED Page 2 |
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