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Mercom: Corporate funding for energy storage companies hit $26.4B in 2022; up 55% y-o-y

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Total corporate funding (including venture capital funding, public market, and debt financing) for the energy storage, smart grid, and energy efficiency sectors in 2022 was up 63% with $31.7 Corporate funding for energy storage, smart grid, and energy efficiency companies. Smart grid companies raised $3.3 billion in 2021.

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Nucor investing in start-up company Electra developing zero-carbon iron technology

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Nucor Corporation, a North American manufacturer of steel and steel products, has made an equity investment in Electra , a Colorado-based start-up developing a process to produce carbon-free iron that can be used to make steel. —Leon Topalian, Chair, President and Chief Executive Officer of Nucor Corporation.

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Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

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TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.

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Nikola Corporation to unveil novel battery cell technology; 500 Wh/kg on production cell

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Nikola Corporation said that it has developed a new battery that has a record energy density of 1,100 Wh kg -1 on the material level and 500 Wh kg -1 on the production cell level—including casing, terminals and separator—more than double current lithium-ion battery cells. —Trevor Milton, CEO, Nikola Motor Company.

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Daimler Truck and Toyota to partner on advanced technologies, merge Mitsubishi Fuso and Hino Motors

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Daimler Truck Holding AG, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), Hino Motors Ltd. Hino) and Toyota Motor Corporation concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino.

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Oshkosh Corporation invests in Eatron Technologies – ET Auto

Baua Electric

Eatron Technologies founders Oshkosh , Wis. Oshkosh Corporation , a leading innovator of purpose-built vehicles and equipment, said that it has invested in Eatron ® Technologies, a pioneering developer of Artificial Intelligence (AI) powered Battery Management Software (BMS).

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Sumitomo Corporation of Americas makes strategic investment in hydrogen fuel provider OneH2

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Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the world’s largest traders of goods and services, has invested in OneH2, a hydrogen fuel company headquartered in Longview, North Carolina. Their solution is both mobile and scalable.