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Li-ion battery recycling and manufacturing startup Battery Resourcers completes $20M Series B

Green Car Congress

The financing will support the development of a commercial-scale processing facility with the annual capacity to process 10,000 tons of batteries—the batteries from approximately 20,000 electric vehicles (EVs) a year. Battery Resourcers was founded in 2015 in Worcester, Mass. as a spinout from the lab of Prof.

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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The facility has a three-year term secured by a first priority lien on all assets. Workhorse Group Inc., —Workhorse CEO Steve Burns.

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National Electric Vehicle Sweden halts production while it sorts out financing

Green Car Congress

National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. NEVS also cut back on its hired consultants.

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Two Communities Find Electric Vehicle Options That Meet Local Goals Through Clean Energy To Communities

CleanTechnica EVs

When the Board of Commissioners for Washtenaw County, Michigan, approved a climate action plan in 2022, the county was uncertain what implementation steps it needed to takeā€”and how to pay for all of it. Limited staff, financing, resources, and data meant the county’s fleet management team “needed help in any.

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UCLA orders all-electric shuttle bus powered by Motiv Power Systems

Green Car Congress

The University of California, Los Angeles (UCLA) has placed an order for a new all-electric shuttle bus powered by Motiv Power Systems ā€™ All-Electric Powertrain. This battery-electric buse is the first Motiv powered shuttle bus to operate on a university campus.

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Southern Company acquiring AGL Resources for $8B, creating 2nd largest US electric and gas utility by customer base

Green Car Congress

Southern Company and AGL Resources announced that the boards of directors of both companies have approved a definitive merger agreement under which AGL Resources will become a new wholly owned subsidiary of Southern Company for about $8 billion. Customers will continue to be served by their current gas and electric utility companies.

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SK On secures US$2B for battery business in Europe

Green Car Congress

SK On has secured a total of US$2 billion as its investment resource for its European battery business with the aid of Euler Hermes, a trade credit insurance institution of Germany, Korea Trade Insurance Corporation, and the Export-Import Bank of Korea. SK On plans to use the secured resources to invest in Plant No.3 trillion (US$2.5

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