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The Licence grants exclusive rights to mine graphite from within the M1 mining area. The Government of Sri Lanka granted the company’s wholly owned subsidiary Sarcon Development (Pvt) Ltd. Vancouver-based Ceylon Graphite Corp.
More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.
In its most recent 8K filing with the Securities and Exchange Commission (SEC), Li-ion battery maker A123 Systems said a number of circumstances have raised “ substantial doubt on [its] ability to continue as a going concern.”. A123 Systems has been the recipient of a number of state and federal grants and tax incentives.
Park City Transit has deployed Utah’s first zero-emission, battery-electric mass transit fleet, which will include six Proterra Catalyst FC+ buses. With its deployment of Proterra vehicles, the Park City region will become the first mountain resort community in the United States to operate a highly efficient, battery-electric transit service.
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. The US Department of Energy (DOE) is awarding a combined $2.8 Earlier post.) Of that, $1.6 Materials Separation & Processing (Cathode Minerals).
Iveco Group is licensed to access freely and continue developing vehicle control software for the jointly developed battery-electric (BEV) and fuel-cell-electric (FCEV) trucks. Iveco Group N.V.
an Ann Arbor-based developer of next-generation lithium-ion batteries ( earlier post ), has completed a $7-million Series B round of financing. Sakti3 is commercializing high performance solid state batteries that are produced using a novel manufacturing process that has been developed by the company. Sakti3, Inc.,
The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. The existing major investors in Proterra added $11 million of equity.
The company has also received additional grantfinancing from the National Science Foundation, the US Department of Energy, and others. SVX continues to collaborate with battery industry experts and collaborators at the Lawrence Berkeley National Laboratory and Argonne National Laboratory.
announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Earlier post.).
the production lines at its advanced automated lithium-ion battery factory, in. The first deliveries from Jacksonville have included hundreds of cells for battery assembly for European customers. The 235,000-square-foot facility, which will employ 300 people once completely invested, was partly financed by a $95.5
Its innovative service models offer subscription solutions such as software-as-a-service and fully financed charging-as-a-service. InCharge Energy’s innovative service models offer subscription solutions such as software-as-a-service and fully financed charging-as-a-service.
Safran acquired an equity interest in Li-Sulfur battery manufacturer OXIS Energy ( earlier post ) through its Safran Corporate Ventures subsidiary, which invests in disruptive technology businesses. First, Safran and OXIS will cooperate on high energy density battery cells for the aviation industry.
a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc., Reorganizing.
million in new financing. The development process of Niron’s scalable method has resulted in the publication of 20 peer-reviewed scientific papers as well as 17 granted and 35 pending patents. Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 2019.165962.
a startup founded by former Stanford University researchers developing next-generation battery technology for potential aerospace and industrial applications. Cuberg developed an advanced lithium metal rechargeable battery cell that is designed to be a drop-in solution to existing large-scale battery manufacturing processes.
The Agency will also launch a grant competition later this year. Awards up to 100% of the cost of the replacement bus and charging or fueling infrastructure are possible, and EPA may award funding for bus replacement and infrastructure through grants, rebates, or contracts. Non-profit school transportation associations.
(LGCMI) is targeting the launch of commercial production of automotive lithium-ion battery cells in July, 2013 at its Holland, Michigan facility once it has successfully completed the Production Part Approval Process (PPAP) and gained customer approval. The $303-million, 650,000 square-foot facility was financed in part from a $151.4
Using this real-time status allows AMPLY’s system to forecast when the vehicles will be ready-to-go, and once the vehicles are out delivering passengers, AMPLY’s system can track their return state-of-charge battery level and length of time to recharge. For Tri-Delta, this is realizing up to 40% savings on energy rates.
Hydro-Québec (HQ) and Nouveau Monde Graphite (NMG) have signed a license and a research and development agreements respecting the processing of graphite for use in lithium-ion batteries. The partners hope that this collaboration will enable NMG to commercialize battery material technologies developed by HQ over the past 30 years.
Ambri, developer of Liquid Metal Battery grid-scale energy storage technology, closed a $35-million Series C equity financing. The energy is stored in the liquid metals that want to react with one another but can do so only by transferring ions across the electrolyte, which results in the flow of electric current out of the battery.
The European Commission has approved under EU State aid rules an Important Project of Common European interest (IPCEI) jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries. stationary energy storage, power tools, etc.).
A123 Systems announced the grand opening of the largest lithium ion automotive battery production facility in North America, which it calls the largest, based on available data. The new plant in Livonia, Mich. The new plant in Livonia, Mich. expected to come on line during the first half of 2011.
For the Neue Klasse, the BMW Group is developing the next generation of its battery technology. We will also significantly reduce the use of primary material to ensure a truly 'green' battery. A key goal is to create truly green, low-carbon and recyclable batteries. Earlier post.).
This purchase represents an order potential of nearly 800 buses (of which about 200 are in firm order), financed 100% by île-de-France Mobilités (in direct grant or via the contract île-de-France Mobilités – RATP). The first order of approximately 150 vehicles, distributed over the three lots, will be processed as soon as possible.
The Board of Directors of Terraframe—a Finnish multi-metal company producing nickel, zinc, cobalt and copper—has greenlighted the investment of €240 million in a battery materials plant. Terraframe has signed a contract with Sweco for the detail engineering design of the battery chemicals plant.
Liquid Metal Battery Corporation (LMBC), a Cambridge, Massachusetts company founded in 2010 to develop new forms of electric storage batteries that work in large, grid-scale applications, has secured the rights to key patent technology from MIT. Patents for all liquid metal battery inventions were licensed from MIT.
The battery-electric freight trucks will be deployed in NFI’s Ontario, California fleet throughout 2022 and 2023, in support of its goal of operating the first 100% zero-emission freight logistics fleet in the nation. Earlier post.). —Bill Bliem, senior vice president of fleet services at NFI. Earlier post.) emission heavy?
. £582 million (US$773 million) in grants for those buying zero or ultra-low emission vehicles to make them cheaper to buy and incentivize more people to make the transition. Innovation and finance: Developing the technologies needed to reach these new energy ambitions and make the City of London the global center of green finance.
Lithium-ion battery manufacturer EnerDel will invest $237 million in a new manufacturing plant near its Indianapolis headquarters in order to meet anticipated demand for advanced battery systems used in both automotive and stationary smart grid applications. The Indiana plant will be financed through a $118.5
submitted a grant application requesting $225 million to the US Department of Energy under the Electric Drive Vehicle Battery and Component Manufacturing Initiative. This initiative supports the construction of facilities to manufacture advanced battery technology components for electric vehicles. Valence Technology, Inc.
The European Investment Bank (EIB) will grantfinancing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. Johnson Controls-Saft – the battery system. management of the vehicle. GKN – the transmission.
Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, has begun construction of a second commercial-scale US Battery Active Materials (BAM-2) factory in Moses Lake, WA, in support of domestic efforts to advance the electric vehicle (EV) market.
Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. million grant ($17-million) to deliver a breakthrough 19-seat hydrogen-electric powered aircraft that is market-ready by 2023. The program kick-off is supported by a new raise of $24.3
The Anaheim Transportation Network has awarded an order for 40 battery-electric buses to BYD. The ATN fleet order will increase the number of BYD electric buses the agency can deploy to serve one of the nation’s busiest tourism and employment regions. The buses range in size from the 30-foot BYD K7M to the articulated 60-foot K11M.
million Series A financing. million financing and grant awards totaling almost $1 million from the National Science Foundation (NSF), US Air Force (USAF) and US Navy (USN), Boulder Ionics will demonstrate the use of ionic-liquid-based electrolytes in a range of devices from ultracapacitors and lithium-ion batteries to metal-air batteries.
LeydenJar , a Dutch developer of ultra-thin, pure silicon battery anodes, has secured the funding to build its first factory to produce silicon anode foil. Now, the EIB’s financing will help it to develop and install a set of larger machines to demonstrate the first-of-its-kind production of the anode material at industrial scale.
Nuvve Corporation, a San Diego-based vehicle-to-grid (V2G) technology company, is participating in a program to deliver resource adequacy to local utility San Diego Gas & Electric (SDG&E) and California’s electrical grid using a large stationary battery located on the University of California San Diego’s (UC San Diego’s) campus microgrid.
The connection to the extra high-voltage grid ensures the supply of green electricity for the electrolysis; large-scale battery systems ensure grid stability. Apart from attracting investors, the project partners will also apply for public funding granted within the scope of state aid for climate-neutral technologies.
Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, raised $214 million in additional financing from a consortium including Microsoft’s Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel. Earlier post.)
million for emerging technologies projects as part of a summer-long roll-out of $120 million in clean diesel grants. Most clean diesel grants involve widely used strategies such as retrofits or replacements. Grants included under DERA, in addition to the emerging technologies grants, are: SmartWay Finance Program grants.
The US patent and soon-to-be-granted EU patent gives the company protection for carbide-derived-carbons suitable for energy storage applications. Ultracapacitors’ greatest advantages over their primary competition, batteries, are superior cycle life and power density. million in 2011 to $284.1 million during that period.
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