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Electric bus maker Proterra completes $55M strategic financing

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Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. The existing major investors in Proterra added $11 million of equity.

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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

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Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.

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Hydro-Québec grants an exploitation license and partners with Nouveau Monde Graphite to develop materials for Li-ion batteries

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NMG’s financing. In 2015, Nouveau Monde Graphite discovered a major and high-quality graphite deposit on its Matawinie property, located in Saint-Michel-des-Saints, 150 km (93 miles) north of Montreal, Quebec. HQ will assist NMG in the small-scale industrialization of its process in its demonstration plant in Saint-Michel-des-Saints.

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Safran acquires stake in Li-Sulfur battery maker OXIS Energy; OXIS announces two JDAs

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OXIS Energy, a leader in lithium-sulfur cell technology for high energy density battery systems, has already been granted 173 patents with 96 pending. Since being founded in April 2015, it has contributed financing to nine innovative companies active in sectors related to Safran’s businesses (Industry 4.0,

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

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billion) above the FY 2015 enacted level. billion above the FY 2015 Enacted level, sustains DOE’s role as the largest federal sponsor of basic research in the physical sciences and develops and operates advanced scientific user facilities at the National Laboratories to maintain the nation’s primacy in science and innovation.

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Boeing HorizonX invests in lithium-metal rechargeable battery startup Cuberg

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Since it was established in April 2015, Cuberg has grown with several rounds of financing and grant funding, and signed a multimillion-dollar joint development agreement with an industrial battery manufacturer. In September 2017, CalSEED awarded Cuberg $150,000 in Phase I grant funding.

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Global Bioenergies hits two milestones in renewable isobutene project

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The BioMA+ project is financed by the ADEME in the context of the French “Investissements d’Avenir” State program. In 2013, the Company announced that, as part of its “Investissements d’Avenir” program, the French government had granted financing of €5.2 million (US$5.5 million (US$2.5

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