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Northvolt raises $1.B to support factory rollout plans in Europe; close to $8B since 2017

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billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries. With this capital raise, Northvolt has since 2017 secured close to $8 billion in equity and debt to deliver on its plans to establish a supply of sustainable batteries.

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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

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Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

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In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. In November 2017, Enerkem received approval from the US Environmental Protection Agency (EPA) to sell cellulosic ethanol produced at its Edmonton facility under the US Renewable Fuels Standard (RFS). Earlier post.).

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Terrafame to invest €240M in EV battery materials plant; nickel and cobalt sulfates; commercial production in 2021

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We have taken the plant project forward with determination since the autumn of 2017, so the investment decision made by the Board is an expected one. Our goal is to complete the plant by the end of 2020, with commercial production commencing at the start of 2021. —Janne Palosaari, Chief Commercial Officer. Bioleaching.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. This US-owned and operated manufacturing plant in northern Alabama will be the first of its size in North America. Earlier post.) Of that, $1.6

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Cornish Lithium secures £18M funding package from TechMet

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Cornish Lithium expects to benefit from TechMet’s deep knowledge of the battery metals supply chain and extensive commercial and strategic relationships. In addition, the Company will explore opportunities to generate complimentary commercial heat supplies in order to provide local businesses with low carbon energy.

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SK On secures US$2B for battery business in Europe

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The three agencies will finance SK On by providing credit guarantees and insurance as the company applies for loans in overseas commercial banks. SK On is set to withdraw the resource sequentially from seven overseas commercial banks starting next month. SK On plans to use the secured resources to invest in Plant No.3

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