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has filed a voluntary petition under Chapter 11 in the US Bankruptcy Court, District of Delaware (Petition Nº 13-11153) to enable the reorganization of its business solely around energystorage based on its Li-ion battery systems. CODA’s legal advisor in connection with the restructuring is White & Case LLP.
JCI) has filed a petition with the Delaware Court of Chancery to dissolve Johnson Controls-Saft Advanced Power Solutions LLC (JCS), the automotive Li-ion battery joint venture between Johnson Controls and Saft. Neither Johnson Controls-Saft, nor any of its subsidiaries, are an active party to the legal action. Johnson Controls, Inc.
Tesla is widely characterized as an automotive company, even though CEO Elon Musk expects the entity’s energy business to be just as large as the automotive side within the next few years. Tesla releases specs for its new Powerwall+ energystorage system. 250k Powerwall installs globally [link].
The document included details about the electric vehicle maker’s 2024 annual meeting of stockholders, updates regarding the company’s plans for CEO Elon Musk’s 2018 pay package, as well as an initiative to move Tesla’s state of corporation from Delaware to Texas.
The votes on moving incorporation from Delaware to Texas and the Musk compensation plan re-vote, which are numbered three and four, respectively, follow Judge Kathaleen McCormick’s decision in January to void the CEO’s 2018 pay plan. .”
In the years since the acquisition, Tesla has made plenty of strides, especially in battery life cycle advancement, electric vehicle range, and even energystorage applications. It is a new legal action that comes in response to a lawsuit that Cap-XX filed against Maxwell in 2019 for the same claims. That case is still ongoing.
Studies estimate utilities might compensate car owners with $2,000-3,000 a year to "borrow" their storage capacity -- thereby helping to offset the incremental costs of plug-in hybrids. What do environmental groups think of PHEVs? Bluewater Network and Rainforest Action Network have been active, vocal proponents of PHEVs.
And our energystorage deployments reaching an all-time high in 2023, with the deployment trend continuing in 2024. And we are also working to build a battery material recycling ecosystem, both internally and with others, to ensure that we are moving towards a truly circular economy for energystorage.
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