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Aqueous hybrid-ion battery company Aquion completes $55M financing round

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a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. Aquion Energy, Inc., Earlier post.). Click to enlarge. The batteries have shown high cycle life of more than 5,000 cycles at high rates, (100% DoD).

Financing 301
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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

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a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Echo Automotive, Inc.,

Financing 218
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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

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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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Clean water company Ostara raises $14.5M for major expansion

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a clean water company that recovers phosphorus and nitrogen from industrial and municipal wastewaters to create premium fertilizers, completed a US$14.5-million million private equity financing. Ostara Nutrient Recovery Technologies Inc., a fund managed by FourWinds Capital Management.

Water 225
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Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal

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The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. Previously, Ukraine expressed its interest in the Chinese technology of coal gasification and coal-water fuel production.

Ukraine 236
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Cornish Lithium secures £18M funding package from TechMet

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This means there is significant potential for lithium-enriched geothermal waters across the region. These waters can be accessed via boreholes drilled from the surface in to permeable geological faults at depth. Cornish Lithium aims to produce battery-quality zero-carbon lithium chemicals directly from the geothermal waters.

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Study confirms €1T green hydrogen potential for Africa

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Government leaders, ministers, international finance, business partners and civil society from across Africa attended the unveiling event. 1 trillion green hydrogen investment can deliver the equivalent of more than one-third of Africa’s current energy consumption, boost GDP, improve clean water supply and empower communities.

Africa 481