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EV maker CODA files for Chap. 11 bankruptcy; restructuring business around energy storage

Green Car Congress

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 energy storage based on its Li-ion battery systems. CODA’s legal advisor in connection with the restructuring is White & Case LLP.

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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

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FreeWire Technologies raises $125M in Series D; battery-integrated ultrafast EV charging stations

Green Car Congress

FreeWire Technologies, a developer of ultrafast electric vehicle (EV) charging and energy management solutions, raised $125 million in new capital. The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc.

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Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

Green Car Congress

and the US Department of Energy (DOE) Loan Programs Office (LPO), through its Advanced Technology Vehicles Manufacturing (ATVM) program, have entered into a conditional commitment for a $375-million loan. Li-Cycle Holdings Corp. The company continues to scale its Spoke & Hub network to enable up to an overall 95% recycling efficiency rate.

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EU Industry Ministers Call for Harmonized EV Charging and Safety Standards by Mid-2011

Green Car Congress

Stressed the need to focus on research excellence in order to ensure that alternative powertrains receive targeted research financing, including innovative energy storage and conversion technologies, such as batteries, fuel cells and the necessary respective infrastructure.

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CISOLAR & GREENBATTERY 2024: Transforming Clean Energy Landscapes in Southeast Europe

Baua Electric

From October 15-17, CISOLAR & GREENBATTERY 2024 brought together over 1,650 participants, including clean energy professionals, policymakers, and business leaders, at Bucharest’s Laminor Arena and Grand Hotel Bucharest. GW by 2030, while energy storage is projected to play an increasing role in balancing the national grid.

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The Automotive Update: Risk of further automotive job cuts

Baua Electric

The report suggests there will be a 10-15% staff reduction in its sales, finance, IT service and legal department. This means manufacturing battery cells for e-bikes and energy storage, according to the Financial Times. Mercedes-Benz plans to cut 25% of workforce costs in China by 2027, according to Reuters.