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DOE-released report finds significant growth in fuel cell industry in 2011, forecasts continuing growth through 2012

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The US Department of Energy (DOE) released a new report showing significant growth for the fuel cell industry in 2011, and forecasting continued growth through 2012. At the same time, fuel cell durability has doubled, expensive platinum content has been reduced by a factor of five, and the cost of fuel cells has fallen 80% since 2002.

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Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

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The company also announced the formation of a new Industry Advisory Board, and its selection as a semi-finalist in the Securing America’s Future Energy (SAFE) Energy Security Prize. The company says that the Series C funding and Industry Advisory Board formation will help accelerate its product development and commercialization efforts.

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SAIC-GM-Wuling completes expansion of Qingdao mini-commercial vehicle facility; 70% increase in capacity

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It will help SGMW keep up with the strong demand for its Wuling brand mini-commercial vehicles. In addition, mini-commercial vehicles manufactured at the facility are being sold in a growing number of GM markets worldwide. The vehicles produced here have helped make GM the global industry leader in China for six straight years.

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Novelis to acquire downstream aluminum producer Aleris for ~$2.6B; meeting automotive demand, expanding into aerospace

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the leading producer of flat-rolled aluminum products and the world’s largest recycler of aluminum, has signed a definitive agreement to acquire Aleris Corporation, a global supplier of aerospace and automotive rolled aluminum products, for approximately $2.6 Novelis Inc., billion including the assumption of debt.

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Wireless charging company OLEV Technologies secures second angel round, reorganizes

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The first commercial deployment of the OLEV wireless charging technology was put into operation in July 2011 at Seoul Grand Park, where three 100-passenger trams provide daily shuttle services to visitors at a theme park near Seoul, South Korea. MEDITECH), and member of the MIT Corporation.

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DOE awards more than $5M to two projects developing advanced hydrogen fuel cell components

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The US Department of Energy (DOE) will award more than $5 million to two projects—one led by 3M Company and the other by Eaton Corporation—intended to lower the cost of advanced fuel cell systems by developing and engineering cost-effective, durable, and highly efficient fuel cell components. Eaton Corporation, up to $2.1

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In-Wheel Electric Drive Company Names EV Industry Veteran Bob Purcell Chairman and CEO

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Purcell, best known for his leadership at the General Motors Corporation with the GM EV-1, moves into this role after serving as a board director and strategic advisor to the company. My goal is for Protean to set the new industry standard for electric drive systems in partnership with industry-leading vehicle manufacturers and suppliers.