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Electrification Coalition launches online EV Policy Showroom

Green Car Congress

The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.

Financing 448
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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

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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 Li-ion maker A123 Systems, Inc.

Financing 225
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Tesla loses Head of Legal who oversaw internal purchasing probe

Teslarati

Tesla has lost its Head of Legal, David Searle, who reportedly left his position at the automaker less than a month ago. Searle oversaw an internal purchasing probe during his final days at the company before leaving. Several employees were reportedly terminated due to the purchase. Eskin has been with Tesla since 2017.

Legal 102
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Get H2 partners propose green hydrogen pipeline in Europe

Green Car Congress

The IPCEI program can finance the network construction in part. However, the financing of network operation requires a long-term solution to the charging issue in the EnWG. The definition of the electricity purchase criteria is still outstanding here.

Hydrogen 435
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Rockwood Holdings to acquire Talison Lithium for C$724M

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per share for an equity purchase price of approximately C$724 million, on a fully diluted basis (US$732 million). Rockwood intends to finance the acquisition using existing cash on its balance sheet and new debt financing. Specialty chemicals and advanced materials company Rockwood Holdings Inc. Earlier post.).

Financing 218
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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

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The financing was led by a combination of new and existing shareholders. million callable common share purchase warrants, each exercisable into one common share at any time without conditions by Osum, at a price of $12.50 Stikeman Elliot LLP acted as legal counsel to the KERN led shareholder group. Scotia Waterous Inc.

Oil-Sands 210
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Daimler takes minority stake in Sila Nanotechnologies; next-generation lithium-ion battery materials

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The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. With the latest round of financing secured, Sila Nano has begun ramping up production volume and plans to supply its first commercial customers in consumer electronics within the next year.