in News Departments > New & Noteworthy
print the content item

Better Place, an electric vehicle (EV) services company, has announced that it is winding down its operations in North America and Australia. The company says it will now focus on its core markets in Denmark and Israel, where Better Place's infrastructure and operations are already in place.

According to an MIT Technology Review report, the company, whose business model includes EV charging and the swapping of drained EV batteries for new ones at service stations, has recently made several changes in an effort to help boost profits. Last year, for example, the company replaced founding CEO Shai Agassi, whose successor was also replaced shortly after.

Dan Cohen, Better Place's current CEO, said in a recent press release that the company will work on proving the viability of its business model.

“We have demonstrated that Better Place works as a concept. We need to prove to our customers, suppliers and investors that we have a sustainable, scalable model,” Cohen said. “To do so, we are now focusing on realizing the full potential of what we have built, and that means concentrating our resources and energy in the near term, on Denmark and Israel, where we have customers on the road enjoying our switching and charging networks.

“At the same time, we had to make some difficult decisions on actions to be taken elsewhere in the world," he continued. "We believe in the long-term potential of both Australia and North America and are enormously encouraged by the enthusiastic response we get from all our customers. Therefore, we will keep exploring solutions which will enable us to keep our long-term options with regard to those markets open.”







Hse SandyHook
Latest Top Stories

DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.


How A GIS Can Help Utilities Address The Aging Workforce And Capitalize On Data

Baby Boomers, whose experience and know-how have served the utility industry so well for decades, are retiring. The author suggests utilities can use a geographic information system (GIS) to fill in resultant knowledge gaps.


Sensus Smart Meters Tied To More Overheating Incidents And Fires

SaskPower is investigating two new meter failures, and Portland General Electric is working to replace 70,000 Sensus units amid fire concerns.


SaskPower Halts Smart Meter Installations Following Fires

The Canadian utility has suspended its smart meter deployment as it investigates half a dozen fires associated with the meters.

S&C Electric_id176
edf_id180