Ashwoods has made it into the Top 25 of the fastest growing Cleantech Companies in Europe. Ashwoods was ranked No. 1 in this prestigious green technology growth chart. Ashwoods is the UK’s largest supplier of Hybrid Commercial Vehicles and Low Emission Technology
Mark Roberts, Ashwoods MD said ” We are thrilled to have made the Cleantech Connect Top 25 and then to go on and be ranked No. 1. , Ashwoods inclusion in this well respected list of European Greentech businesses is down to the rapid growth the business has experienced over the past 2 years from our sale of our low emission products”.
You can read more about Cleantech Connect and Ashwoods Automotive being ranked No. 1 by clicking here.
The Ashwoods Automotive development of HEV/EV Battery Managment Systems (BMS) looks to be nearing its dream of being spun off into its own business (Ashwoods Energy) if it is successful at the Shell Springboard competition in Birmingham on the 1st Feb 2011. Ashwoods Automotive has developed its own Battery Managment Technology for its award winning Ashwoods Hybrid Drive system. With over 700,000 miles of vehicle and system data Ashwoods have further developed and improved upon their BMS to allow them to get more performance and stability from their 72v Lithium-ion battery. Mark Roberts MD of Ashwoods Automotive said “The interest we have received in our in BMS solutions strongly suggests that it should be a stand alone product. We were forced into developing our own BMS, for our Hybrid Technology, since there was no commercially available BMS that could balance and managed the cells during the demanding hybrid drive cycle. The Shell Springboard funding will provide the finance to launch Ashwoods Energy, a dedicated company focusing on BMS Solutions. Ashwoods will find out on the 1st February in Birmingham after a pitch if it has been successful in winning one of the £40,000 prizes.
Article from boston.com
The black Lincoln Town Car that Tod Hynes has been driving around Boston looks exactly like the sort of sedan that would ferry a well-paid executive to Logan. But under the hood and stashed in the trunk is a system that has turned the gas-guzzler into a hybrid, nudging down its gas consumption.
Hynes, the president of Somerville-based XL Hybrids Inc., says the company is focused on retrofitting vehicles for customers who “drive a lot of miles in low mile-per-gallon vehicles”; He says that the company’s pilot vehicles have been demonstrating a 10 to 15 percent savings in fuel costs, and that the first commercially-retrofitted cars – they will mainly be Lincoln Town Cars – will save owners 20 to 30 percent a year.
XL (the name stands for “extra large vehicles”) is announcing this week that it has raised $2 million in new funding, and signed a licensing agreement with Ashwoods Automotive Ltd. in Britain, the company that makes the retrofit kit that XL will adapt for use in the States. Ashwoods has been retrofitting Ford vans in Europe with its kit (about 150 are now on the road), and XL has adapted the Ashwoods kit for use in sedans, with light-duty vans to follow soon. XL had previously raised $1.8 million in convertible debt from angel investors; one of its backers is the Massachusetts Green Energy Fund, which has invested $300,000 in the company.
“Some of these livery companies that own Town Cars have $20,000 fuel bills per vehicle, per year; Hynes says.”But the economics of doing the conversion can give them a two-year payback, even just assuming they’re doing 60,000 miles a year in a car
The kit adds an array of lithium ion batteries to capture energy that would ordinarily be lost in braking; an electric motor to return that energy to the wheels during acceleration; and an anti-idling system that allows certain accessories (like heat or air conditioning) to run for extended periods without leaving the engine on. “You don’t need high-tech tools to install it, or much training; Hynes says. “The retrofit can be done in a standard garage; While Hynes doesn’t want to talk prices, co-founder Justin Ashton told the Globe last year that the kit will cost less than $10,000.
Initially, XL will be doing the conversions at its Union Square garage and headquarters, though Hynes says the eventual goal is to develop a network of partners around the country that can install the retrofit kits. In Britain, he says, Ashwoods can perform the conversion in less than four hours.
Hynes says that XL is focused on converting vehicles that get fewer than 20 miles per gallon (a Town Car travelling city streets may get about thirteen), and is interested in selling mainly to companies that operate large fleets, as opposed to individuals. While Hynes acknowledges that as more and more hybrids and electric vehicles are sold, there may be decreased demand for conversion, he believes conversion is “a fifteen year opportunity.” He also suggests that the company has future plans related to connecting electric vehicles and hybrids to the electrical grid.
Founded in 2009, XL has 11 full-time employees, with plans to hire another five auto technicians and engineers this year.