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NOHMs raises $5M for commercializing non-flammable, ionic-liquid containing electrolytes for EV batteries

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NOHMs), a Cornell University spin-out founded in 2010, raised $5 million in Series B venture capital financing to commercialize its non-flammable electric vehicle (EV) battery electrolyte technology. Hybrid Electrolytes for PHEV Applications ” DOE 2016 Merit Review presentation. NOHMs Technologies Inc. Surya Moganty (PI) et al.

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ISE Files for Chapter 11 Bankruptcy Protection

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As previously announced on 15 July 2010, ISE had been actively seeking to raise additional capital through debt or equity or other capital raising efforts, such as asset sales, while also considering other strategic alternatives. ISE was unsuccessful in raising such additional capital or completing a strategic transaction.

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DOE Announces Nearly $1.4B in Conditional Loan Guarantees for BrightSource Energy

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The Bureau of Land Management will continue leading a National Environmental Policy Act (NEPA) review with support from the Department of Energy. The first plant is expected to begin construction in the second half of 2010 and come on line in 2012. The loan announcement does not affect that process.

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California Governor Schwarzenegger Announces 244 Proposed Renewable Energy Projects Throughout State; Up to 69,925 MW of Capacity

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Of the 244 proposed projects, up to 53 (accounting for 10,975 MW) have indicated they will apply for Recovery Act funds and will break ground by the end of 2010. A list of the 244 proposed projects that are currently in review or have been approved is available at www.energy.ca.gov/33by2020/documents/index.html.

Renewable 264
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Pew Environment Report Says Melting Arctic Could Cost a Minimum of $2.4 Trillion by 2050

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We estimate that on an annual basis in 2010, albedo changes from loss of sea ice and snow cover, along with accelerating methane emissions, are heating the planet at a rate equivalent to approximately 3 billion metric tons of CO 2. Rapid melting of the Arctic region could carry a minimum global cost of US$2.4 trillion to $24.1

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Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

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It also reviews policies and implications that could affect future market growth. From 2010 through 2016, average battery cost per kilowatt-hour has dropped 74%, from over $1,000 to $273/Kwh while energy density has improved 5% per year. As of October 2017, 337,483 ZEVs have been sold in California. ZEV sales increased 29.1%

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Deutsche Bank CCA report highlights Chinese global leadership toward a low-carbon economy; 12th Five-Year Plan

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DBCCA notes that this allocation of capital is consistent with plans announced in June 2010 that China would direct RMB 5 trillion (~US$765 billion) into the decarbonizing process. China has targeted that energy intensity by 2015 will improve by 18% from 2010 and non-fossil fuel energy will increase to 11.4% of total generation.

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