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Electric bus maker Proterra completes $55M strategic financing

Green Car Congress

Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. The existing major investors in Proterra added $11 million of equity.

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Financing a Tesla Model X Just Got Easier

EV Life

Since its release in 2015, the Tesla Model X has been a cornerstone of the Tesla lineup. We will also show you how you can save big by financing your purchase through EV Life. Its combination of performance and range has made the crossover a popular choice among Tesla buyers. Clean Vehicle Assistance Program. Clean Cars 4 All.

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US VP Biden outlines 3-part plan to have 1M advanced technology vehicles on US roads by 2015

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In his State of the Union address last night, President Obama highlighted his goal of making the United States the first country in the world to put one million advanced technology vehicles on the road by 2015. Supported by Recovery Act investments, battery costs are projected to drop by 50% by 2013 or 2015. Infrastructure.

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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

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Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.

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Hydro-Québec grants an exploitation license and partners with Nouveau Monde Graphite to develop materials for Li-ion batteries

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NMG’s financing. In 2015, Nouveau Monde Graphite discovered a major and high-quality graphite deposit on its Matawinie property, located in Saint-Michel-des-Saints, 150 km (93 miles) north of Montreal, Quebec. HQ will assist NMG in the small-scale industrialization of its process in its demonstration plant in Saint-Michel-des-Saints.

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Safran acquires stake in Li-Sulfur battery maker OXIS Energy; OXIS announces two JDAs

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OXIS Energy, a leader in lithium-sulfur cell technology for high energy density battery systems, has already been granted 173 patents with 96 pending. Since being founded in April 2015, it has contributed financing to nine innovative companies active in sectors related to Safran’s businesses (Industry 4.0,

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

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billion) above the FY 2015 enacted level. billion above the FY 2015 Enacted level, sustains DOE’s role as the largest federal sponsor of basic research in the physical sciences and develops and operates advanced scientific user facilities at the National Laboratories to maintain the nation’s primacy in science and innovation.