Monday, May 23, 2011

Quantum Fuel Systems Gets $1.37M Grant For Hybrid Efforts

Irvine-based Quantum Fuel Systems, the developer of hybrid electric powertrains, said Monday that it has scored a $1.37M grant to launch its plug-in hybrid electric (PHEV) systems. The grant comes from the California Energy Commission (CEC). Quantum is the supplier of PHEV systems for Irvine-based Fisker Automotive, which is being used in the Fisker Karma. Quantum Fuel Systems said the funding will go towards product validation, and to set up a pilot production line in Lake Forest.

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