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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development.

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EU Innovation Fund grants €108M to RWE’s waste-to-hydrogen project FUREC

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As part of the FUREC project, RWE plans to build a pre-treatment plant in Zevenellen, Limburg, to convert non-recyclable municipal solid waste (MSW) into solid recovered fuel pellets. FUREC is preparing the necessary grid connections to the hydrogen and CO 2 infrastructure. A final investment decision is to be made in 2024.

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DOE announces $15.5B package primarily focused on retooling existing factories for EVs

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billion in funding to expand domestic manufacturing of batteries for electric vehicles and the nation’s grid, as well for battery materials and components currently imported from other countries. Converting and Retrofitting America’s Manufacturing Plants. The Department also announced a Notice of Intent to make available $3.5

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Anaergia to supply RNG to FuelCell Energy to create renewable hydrogen supporting Toyota’s port facility

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megawatts (MW) of electricity—enough to power Toyota Logistics Services Center—and will add renewable electricity to the grid, as well as produce roughly 1,400 gallons of water a day that will be used for car-washing operations. The fuel cells will also produce a net 2.3

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Electrovaya completes C$5M financing; new Office of Chairman

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completed a financing for C$5 million (US$4.96 Each share purchase warrant is convertible into one common share of the corporation. This financing provides valuable working capital for future growth, including certain strategic initiatives. transportation, utility scale grid energy storage and consumer electronics.

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

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The local grid near the company’s headquarters in Southern California provides 2 MW of power, while its fifth-generation fusion research reactor, Norman, operates at up to 750 MW. Background. The path to Power Solutions began with TAE solving a power problem for fusion. billion.

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FreeWire Technologies raises $125M in Series D; battery-integrated ultrafast EV charging stations

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The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc. FreeWire Technologies, a developer of ultrafast electric vehicle (EV) charging and energy management solutions, raised $125 million in new capital.

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