Middle East

Driving from Los Angeles to Seattle in an EV that merely requires a few sips of water along the way? Fantastic, sure, but that's pretty much what Israel-based Phinergy is promising with its "aluminum-air" battery, according to a Bloomberg News video. Phinergy is testing out a retrofitted Citroen ...

We're being duped by Big Oil. The worse part is that governments around the world are working tirelessly to make sure the game is rigged in their favor. That's what Lester Brown, president of the Earth Policy Institute, is saying, and he has the numbers to back the statement up. Estimates from ...

Shai Agassi's faith remains strong. The Better Place founder, who was removed as the company's CEO in October, still believes that a company that powers electric vehicles with swappable batteries and a subscription-based revenue model can be successful ... if operated properly. While declining ...

Better Place, the electric-vehicle battery-swapping technology developer, is swapping out its US and Australia operations to save cash and will focus its efforts on Denmark and Israel. The company, which had operated offices in California's Silicon Valley, referred to Denmark and Israel as "its ...

Founder out, more cash in. That could be the synopsis for the past month of electric-vehicle battery-swapping network Better Place, which booted its founder and is now working on selling about $100 million in company equity by issuing company stock. Israel Corp., Better Place's biggest ...

Rough starts and local criticism are nothing new in the green car start-up world, and it looks like Better Place is going through another all-too-familiar trope: CEO shake-up. Better Place's CEO, Shai Agassi, has been "removed" by the company's board of directors in a surprise act. The previous ...

Based on the early numbers, Better Place is having a tough time meetings its initial sales target in its primary market of Israel of 4,000 electric vehicles in the first year, but the official word is that the slow start is meeting expectations. How slow? Since selling the first vehicles in July ...

Computer hackers have moved beyond the U.S. military to cyber attack another enemy: Big Oil. Recently, hackers hit Saudi Aramco, the world's largest oil producer, and disabled 30,000 of its workstations. A group of "hacktivists" calling themselves Cutting Sword of Justice released a statement on ...

Things just got a little better for Better Place. The electric-vehicle battery-swapping company said Tuesday that it received a 40-million euro (U.S. $50 million) loan from the European Investment Bank, marking the company's first credit line after raising all of its existing funding in the form ...

The power of social media revealed itself yesterday in the form of fluctuation in fuel prices based on a false tweet. According to The Wall Street Journal, a Twitter account claiming to be Russian Interior Minister Vladamir Kolokoltsv tweeted that Syrian president Bashar al-Assad had been ...