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California Startup Aurica Motors Trying to Keep NUMMI Plant Open for Manufacturing Electric Cars, Battery Swap System

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Under the proposed plan, the NUMMI plant in Fremont, California would be converted into the manufacturing facility for the Aurica Motors E-Car, an all-electric vehicle, as well as Aurica’s proposed PEP (Power Exchange Package) battery swap system.

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MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems

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The Massachusetts Clean Energy Center (MassCEC) has approved a $5-million forgivable loan for Li-ion battery manufacturer A123 Systems contingent on its hitting job creation and private investment milestones. Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014.

Grid 199
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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. Boston-Power, Inc., GSR Ventures has offices in Beijing and Silicon Valley. Reorganizing.

Boston 199
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A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

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A123Systems has raised $69 million from GE and other investors to accelerate the expansion of its US lithium-ion battery manufacturing and smart grid capabilities. GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing.

Financing 150
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Materials Company EnerG2 Breaks Ground on Plant for Ultracap Electrode Materials

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EnerG2 anticipates that ultracapacitors containing its materials will be used by the automotive industry for hybrid electric vehicles, by electronics manufacturers for enhancing the life and usability of consumer goods, and by a variety of industrial customers to deliver an breadth of new ways to improve energy efficiency.

Companies 186
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EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

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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

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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

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The report indicates that “ the G7 will need to assist emerging market and developing countries in tackling their greater debt and finance constraints that have resulted from the pandemic, and embark on programmes of green recovery and transformation ”. It suggests that $1.4

Global 170