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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

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Law firm Akerman launches EV infrastructure-oriented legal team – Charged EVs

Baua Electric

One of these new units is the Electric Vehicle Infrastructure Team, which “provides its clients, including businesses, municipalities and universities, with the diverse legal services needed to further the transportation transformation for automated, connected and electric vehicles.”

Legal 52
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EV maker CODA files for Chap. 11 bankruptcy; restructuring business around energy storage

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has filed a voluntary petition under Chapter 11 in the US Bankruptcy Court, District of Delaware (Petition Nº 13-11153) to enable the reorganization of its business solely around energy storage based on its Li-ion battery systems. CODA’s legal advisor in connection with the restructuring is White & Case LLP.

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

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

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Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

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and the US Department of Energy (DOE) Loan Programs Office (LPO), through its Advanced Technology Vehicles Manufacturing (ATVM) program, have entered into a conditional commitment for a $375-million loan. Li-Cycle Holdings Corp. The company continues to scale its Spoke & Hub network to enable up to an overall 95% recycling efficiency rate.

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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—James Frith, head of energy storage at BNEF. Africa has a wealth of critical battery raw materials and is in a position to use these to attract more value-add in downstream processing and manufacturing.

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EU Industry Ministers Call for Harmonized EV Charging and Safety Standards by Mid-2011

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Stressed the need to focus on research excellence in order to ensure that alternative powertrains receive targeted research financing, including innovative energy storage and conversion technologies, such as batteries, fuel cells and the necessary respective infrastructure.

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