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BMW, Bosch, Volkswagen founding members of Quantum Technology and Application Consortium (QUTAC)

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Ten leading German corporations are jointly founding the Quantum Technology and Application Consortium ( QUTAC ). Specifically, applications for the technology, chemical and pharmaceutical, insurance and automotive industries are to be brought to market maturity. QUTAC’s vision is to drive such a quantum computing ecosystem.

BMW 221
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Battery Innovation Center opens in Indiana

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The BIC will leverage Indiana’s public and private sector assets in advanced battery technologies to create a center of excellence that will meet the research and development, rapid prototyping and contract manufacturing needs of industry, academic and military customers. After receiving $15.6

Indiana 231
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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

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The report identifies investment priorities in electricity storage and networks, energy efficiency in buildings and industry, charging infrastructure for electric vehicles, the deployment of green hydrogen manufactured with renewables, and decarbonization of industry and heavy transport, including aviation and shipping.

Global 170
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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. CEO, Protean Electric and a 32-year auto industry veteran responsible for the development and production of the GM EV-1. Purcell, Jr.,

Boston 199
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GE to Open Sodium-Metal Halide Battery Plant in New York

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The announcement coincides with GE’s submission this week for federal stimulus dollars from the US Department of Energy. The initial investment in the factory will be $100 million. The batteries have some 30 patents associated with them, with more coming, Little said. Earlier post.).

Sodium 191
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Saskatchewan and Montana Partner on Major Carbon Capture and Storage Project

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Development of a North American training facility to meet the needs of a growing CCS industry and regulators, based primarily at the University of Regina and Montana State University. The estimated of the total cost of the project in Canadian dollars is $270 million (US$231 million).

Montana 150
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Annual investment in the global renewables industry had grown from $16.5

Financing 150