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

Green Car Congress

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 Technical Presentation. Aquion Energy, Inc., Earlier post.). Aquion spun out of Carnegie Mellon University in 2010.

Financing 301
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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This is twice the clean energy capacity added in 2015 and three times the capacity installed in 2013. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4 billion or 18% came from sources outside those countries.

Coal 243
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Out of charge: Fisker files for bankruptcy, again

Baua Electric

Fisker in a statement said it has sought Chapter 11 bankruptcy protection with a court in Delaware, and that it is currently in talks with creditors over debtor-in-possession financing and the sale of remaining assets. Another company operating as Fisker failed in 2013, with its remaining assets sold to the Chinese battery company Wanxiang.

Fisker 52
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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

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The fact that German electricity prices are among the highest in Europe, despite relatively low wholesale prices, must serve as a warning signal ,” said IEA Executive Director Maria van der Hoeven as she presented the report, Energy Policies of IEA Countries – Germany 2013 Review.

Germany 239
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Porsche takes 10% stake in the electric technology and sports car company Rimac; development partnership

Green Car Congress

Rimac recently presented the latest version of its electric hypercar, the “C Two”, at the Geneva Motor Show in March 2018. —Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche. The fast-growing Zagreb-based company employs a total of around 400 employees.

Porsche 279
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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

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Earlier this year, BAIC was ranked second on KPMG’s Global Auto Executive Survey 2013, a ranking of the top automotive companies that are expected to gain market share in the future. BMBS); Mercedes-Benz Auto Finance Ltd. As one of China’s largest automakers, BAIC Group sold more than 1.7 million vehicles in 2012. Daimler in China.

Chinese 259
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Rosneft and ExxonMobil to develop tight oil reserves in Western Siberia and establish Arctic Research and Design Center for offshore developments

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Tillerson, chairman and chief executive officer of Exxon Mobil Corporation, and other top managers of the companies were present at the signing ceremony. Drilling is scheduled to begin in 2013. ExxonMobil will finance the geological studies and exploratory drilling. Vladimir Putin, President of the Russian Federation, Rex W.

Oil 218