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Lithium-Ion Battery Maker Ener1 Receives $20M Strategic Equity Investment from ITOCHU

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has received $20 million in fresh investment capital from ITOCHU Corporation, a long-term strategic partner of and current investor in Ener1. Large-format lithium-ion battery maker Ener1, Inc. ITOCHU, which began its strategic relationship with Ener1 in 2003, purchased 3.2 million shares of common stock from Ener1 at a price of $6.18

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EnerDel, ITOCHU Announce Second Smart Grid Battery Storage Project

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US-based lithium-ion battery producer EnerDel is partnering with the real estate arm of Japan’s industrial trading giant, ITOCHU Corporation, to develop and produce the advanced battery systems for a residential smart grid energy storage project to be installed in a major apartment building near Tokyo. Earlier post.).

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DOE awarding >$24M to 77 projects through Technology Commercialization Fund

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Integrated Power Block Heat Exchanger/Thermal Energy Storage System for CSP Plants, $348,000 CFOAM LLC, Triadelphia, W. Quanex Building Products Corporation, Houston, Texas SCP SYS LLC, San Francisco, Calif. Accelerated Data Analytics for Power-system Time-series (ADAPT), $600,000 Bonneville Power Administration, Portland, Ore.

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US DOE Awards $37 Million for Marine and Hydrokinetic Energy Technology Development

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US Synthetic Corporation (Orem, Utah) will develop water-lubricated polycrystalline diamond thrust bearings (rotary bearings that allow device components to rotate under high axial loads) for use in marine and hydrokinetic energy devices; these bearings will help reduce operating costs, improve device reliability.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

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Enable smart charging and vehicle grid integration through solutions such as demand response, and other energy storage and load management strategies. National Association of State Energy Officials (NASEO). Portland General Electric. Puget Sound Energy. Louisville Gas & Electric and Kentucky Utilities.

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