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Stellantis, LG Power enforcing ‘contingency plans’ for EV battery plant in Canada

Baua Electric

OTTAWA — Stellantis and South Korea’s LG Power Resolution are enforcing “contingency plans” similar to a more-than $4-billion battery plant funding in Canada since the federal govt has now not delivered on its guarantees, a Stellantis spokesperson stated. billion ($1.1 The government has dedicated to lend as much as C$13.2

Canada 52
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Better Place closes $200M Series C financing; valuation now $2.25B

Green Car Congress

Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25

Financing 252
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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

Green Car Congress

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.

Financing 244
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SafeAI, Siemens, Obayashi collaborate to bring retrofitted autonomous, zero-emission heavy vehicles to off-road industries

Green Car Congress

SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In partnership with pioneers like SafeAI and Obayashi Corporation, we can imagine a more sustainable future for these industries.

Emissions 397
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Graphex and Northern Graphite partner on large-scale graphite processing facility site evaluations in Québec

Green Car Congress

Graphex Technologies LLC, the US subsidiary of Graphex Group Limited, and Northern Graphite Corporation announced that Graphex will participate in Northern’s previously announced selection process for a site suitable for the construction of a large-scale graphite processing facility in Baie-Comeau, approximately 420 km north-east of Québec City.

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Electrovaya completes C$5M financing; new Office of Chairman

Green Car Congress

Canada-based Li-ion battery maker Electrovaya Inc. completed a financing for C$5 million (US$4.96 Each share purchase warrant is convertible into one common share of the corporation. This financing provides valuable working capital for future growth, including certain strategic initiatives. issued to the lender.

Financing 218
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Exelon to provide financing for 21MW of Bloom Energy SOFC projects at 75 commercial facilities

Green Car Congress

Exelon Corporation will provide equity financing for 21 megawatts (MW) of Bloom Energy solid oxide fuel cell (SOFC) projects at 75 commercial facilities in California, Connecticut, New Jersey and New York. Exelon Corporation is the US’ leading competitive energy provider, with 2013 revenues of approximately $24.9

Financing 210