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Albemarle lithium net sales up 410% in Q4 2022 to $2.1B

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In December 2022, Albemarle acquired a location in Charlotte, North Carolina, where it plans to invest at least $180 million to establish the Albemarle Technology Park, a facility designed for novel materials research, advanced process development, and acceleration of next-generation lithium products to market. Adjusted EBITDA of $1.2

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Albemarle to build $180M lithium materials research facility in N Carolina

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Albemarle Technology Park is part of our mine-to-market innovation strategy to invest in the US EV battery supply chain and to be a leader in advanced lithium materials for next-generation energy storage. —Kent Masters, Albemarle CEO.

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UPA installs 500 kWh containerized Li-ion system from BYD for grid storage

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BYD Ltd and Utility Partners of America (UPA) have put into service a 500 kWh containerized energy storage system (ESS) for one of the largest investor-owned utility companies in North America. BYD has supplied more than 100 MWh in energy storage stations across China and the world.

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FedEx Converts 92 Delivery Trucks to Hybrids, Expanding Hybrid-Electric Fleet by 50%

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The hybrid conversions were produced in Charlotte, N.C. ISB EPA 07 200-hp (149 kW) EGR diesel engine and Eaton hybrid-electric system, with Li-ion batteries for energy storage. FedEx Corp. has added 92 hybrid-electric trucks to its delivery fleet by converting standard FedEx delivery trucks to hybrid-electric systems.

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US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

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Red Line Westlake Rail Wayside Energy Storage System: Install wayside energy storage substation (WESS) at Westlake passenger station is at-grade level on the high-speed heavy rail subway Red Line. City of Charlotte/Charlotte Area Transit System, North Carolina: $3,000,000.

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FedEx boosts fleet with hybrid-electric trucks

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The hybrid conversions took place in Charlotte, North Carolina over the last six months and were developed with Freightliner Custom Chassis Corporation (FCCC) and Eaton Corporation. ISB EPA 07 200hp EGR diesel engine and an Eaton hybrid-electric system featuring lithium-ion batteries for energy storage.

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DOE announces more than $65M in public and private funding to commercialize promising energy technologies

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To date, the TCF has funded more than 380 projects by unlocking more than $170 million in funding from more than 300 private sector partners, including automotive manufacturers, energy storage companies, utilities, bioenergy companies, solar providers, and aerospace companies. Alumina Energy, LLC (Los Angeles, California).