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Westinghouse files for Chapter 11 protection in US and secures $800M in DIP financing to fund operations

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Westinghouse has obtained $800 million in debtor-in-possession (DIP) financing from a third-party lender to help fund and protect its core businesses during its reorganization. The financing will also allow for new letters of credit to be issued. Existing letters of credit have been cash collateralized in full and will remain in place.

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Aqua Metals and Yulho form strategic partnership for sustainable lithium battery recycling in S Korea

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We believe our recently announced public equity raise, alongside our strategic financing and proposed partnership with Yulho, signifies a transformative moment for Aqua Metals. —Steve Cotton, President & CEO, Aqua Metals This strategic partnership is intended to capitalize on the respective strengths of Aqua Metals and Yulho.

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6K raises $51M to accelerate advanced battery material development and global expansion of additive manufacturing powders

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6K, a developer of microwave plasma technology for the production of advanced materials for energy storage and additive manufacturing powders ( earlier post ), closed a $51M Series C financing round. 6K’s UniMelt platform offers multifaceted sustainability benefits.

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Redwood Materials receives conditional commitment for $2B DOE loan for battery materials campus project

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Redwood will draw upon this milestone-based financing in tranches that support phased construction and allows the company to unlock funding as it accelerates the construction and expansion of its first battery materials campus. Today, these components are manufactured entirely overseas, predominantly in Asia.

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11 more GM facilities worldwide go landfill-free; total up to 122

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The running total is 122 manufacturing and non-manufacturing operations spanning Asia, Europe, and South and North America that recycle, reuse or convert to energy all waste from daily operations. Colmotores Assembly in Colombia launched awareness campaigns that engaged employees in reducing waste and sorting it correctly.

GM 225
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Nemaska Lithium reports construction and planing on schedule at both mine site and electrochemical plant; agreement with LG Chem

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We are also actively marketing the company to new and existing institutional shareholders with recent meetings in Asia, United States, London, Europe and Canada from which we have had much positive feedback. Prior to the most recent project financing, close to CAD20 million had already been invested for the Shawinigan site.

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UNEP and partners launch Global Initiative for Resource-Efficient Cities; role of public transport

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This second wave of urbanisation is projected to see more than 3 billion additional people living in cities in a time-span of just 80 years, primarily in Africa and Asia. Finance: Tax incentives and subsidies can be used to stimulate the up-take of green technologies.