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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

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The issuance of conditional commitment by the DOE was preceded by legal, technical and commercial due diligence by the LPO to evaluate the loan and the project’s potential to meet market demand and commercial and environmental benchmarks.

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ON Semiconductor to acquire Quantenna Communications; connectivity applications for industrial and automotive markets

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The transaction is not subject to a financing condition. ON Semiconductor intends to fund the transaction through cash on hand and available capacity under its existing revolving credit facility. Morrison & Foerster LLP served as legal advisor to ON Semiconductor.

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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

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announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Li-ion maker A123 Systems, Inc.

Financing 225
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DOE issues RFI on renewable fuel scale-up and demonstration

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BETO recognizes the availability of financing for first-of-a-kind process systems can be a barrier to commercializing advanced biofuels. Barriers to Scale-Up of SAF, Marine, and Renewable Diesel Technologies – input on technical, financial, legal, contractual, policy and other barriers.

Renewable 186
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Daimler takes minority stake in Sila Nanotechnologies; next-generation lithium-ion battery materials

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The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. With the latest round of financing secured, Sila Nano has begun ramping up production volume and plans to supply its first commercial customers in consumer electronics within the next year.

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Audi increases upfront expenditure for electric mobility; €12B by 2024

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—Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG. “. In order to finance the high investment required to realign the business model, the company launched the Audi Transformation Plan (ATP). Our investment planning takes this into account.

Audi 199
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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

billion of fully committed debt and margin loan financing and is providing approximately $21 billion in equity commitment, the release said. There are no financing conditions to the closing of the transaction. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel, the release said. Musk has secured $25.5

For Sale 144