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Hybrids Plus
Hybrids Plus was a company operating from 2006 to 2009 that was devoted to Electric vehicle conversion, converting hybrid electric vehicles (HEVs) to plug-in hybrids (PHEVs), including vehicle-to-grid capable PHEVs. History The company was founded July, 2006 in Boulder, Colorado to convert a Toyota Prius for the State of Colorado. In 2007 Hybrids Plus won a contract with the New York State Energy Research and Development Authority, to convert a Ford Escape, and a contract with Xcel Energy to convert 6 Escapes to V2G capable PHEVs. In 2007 Hybrids Plus started the development of the "Inverger," a bidirectional charger and inverter for vehicle-to-grid applications, funded in part by a grant from the Governor of Colorado, State of Colorado, Governor's Energy Office. In the summer of 2008, a malfunction due to a manufacturing error in one of its Prius PHEVs conversions resulted in a fire that destroyed the vehicle. As a consequence, the company started a program to examine and upgr ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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