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Intelligent Energy and Suzuki Motor Corporation establish joint venture company to develop and manufacture fuel cell systems

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Intelligent Energy and the Suzuki Motor Corporation have created a joint venture company called SMILE FC System Corporation to develop and manufacture air-cooled fuel cell systems for a range of industry sectors. Under the terms of the contract, both companies will take a 50% stake in the joint venture. —Osamu Honda.

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Volvo Car Corporation developing flywheel kinetic energy recovery system; considering broad application

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Volvo Car Corporation (VCC) has received a grant of 6.57 million) from the Swedish Energy Agency to develop and test a flywheel kinetic energy recovery system in a joint project together with Volvo Powertrain and SKF. The new system, known as Flywheel KERS (Kinetic Energy Recovery System), is fitted to the rear axle.

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Lux Research: smart grid, energy storage, and EV M&A hits $2.4B in 1H 2011; start-ups selling at bargain prices

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Merger and acquisition (M&A) deals in the smart grid, energy storage, and electric vehicle (EV) sectors during the first six months of 2011 already totaled twice those made during all of 2010, and many more cash-starved start-ups are due for the auction block, according to a new report from Lux Research. M&A transactions totaled $2.42

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Mitsubishi Corporation, Weyerhaeuser to Explore Strategic Biomass-to-Energy Venture

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Mitsubishi Corporation and Weyerhaeuser Company signed a Strategic Memorandum of Understanding (MOU) to explore the possibilities of collaborating in the biomass-to-energy business. The agreement signals the belief of both companies that there are existing and emerging opportunities in an expanding bio-energy market.

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Nissan FY 2014 global corporate activities reduce CO2 emissions by 22.6% compared to FY 2005

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made progress in reducing CO 2 emissions and improving sustainability in its global corporate activities in fiscal year 2014 while simultaneously increasing vehicle production and plant energy efficiency. Nissan is utilizing a number of proven forms of sustainable energy generation to help minimize its corporate carbon footprint.

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DOE-released report finds significant growth in fuel cell industry in 2011, forecasts continuing growth through 2012

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The US Department of Energy (DOE) released a new report showing significant growth for the fuel cell industry in 2011, and forecasting continued growth through 2012. between 2010 and 2011 and 214% between 2008 and 2011. 2011 Fuel Cell Technologies Market Report. Total, worldwide fuel cell shipments grew 37.5%

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A123 Systems to supply Li-ion energy storage system to Dongfang Electric Corporation for evaluation for wind power solutions

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Li-ion battery manufacturer A123 Systems will supply a 500kW Li-ion energy storage solution to Dongfang Electric Corporation (DEC), the third largest manufacturer of wind turbines in the People’s Republic of China and the country’s largest exporter of power equipment. He, general manager of Dongfang Electrical Machinery Co.

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