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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.

2017 186
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Cornish Lithium secures £18M funding package from TechMet

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Cornish Lithium said that securing long-term investment from TechMet is a significant step forward that allows it to accelerate its activities towards creating a domestic supply of lithium and other battery metals for the UK. The investment is the first that Cornish Lithium has secured from a financial institution. Source: Cornish Lithium.

Financing 419
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BNEF: net-zero road transport by 2050 still possible, but big push needed

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Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024. Concessional finance has been a key enabler for the development of renewable power generation in emerging economies and could play a similar role in the EV sector.

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Sea-Tac airport partners with Carbon War Room and SkyNRG to explore long-term financing for sustainable aviation fuels airport-wide

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The Port of Seattle, SkyNRG and Carbon War Room (CWR) are partnering to investigate long-term financing mechanisms that could supply all airlines at Seattle-Tacoma International Airport (Sea-Tac) with sustainable aviation fuels. That study is expected to be released in early 2017.

Financing 150
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Hampleton Partners: Autotech M&A remains constant, driven by EVs and charging

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The latest Autotech & Mobility M&A Market Report from Hampleton Partners, the international M&A and corporate finance advisory firm for technology companies, shows that the appetite for Autotech & Mobility deals has remained consistent despite the impact of COVID disruption, the global semiconductor shortage and supply chain issues.

Charging 273
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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 will go to 11 projects in the materials separation and processing segment of the supply chain. Anovion , Scaling the Domestic, US Owned and Operated Anode Supply Chain for Synthetic Graphite, $117,000,000. NOVONIX Anode Materials LLC, a wholly-owned subsidiary of NOVONIX Limited, was formed in 2017. Of that, $1.6

Parts 459
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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

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PEV Sales in China by segment: 2012-2017. Pike projects the PEV market in China will grow at a compound annual growth rate (CAGR) of 60% from 2012 to 2017, surpassing 152,000 units sold annually by 2017. The electricity supply is not fully stable. A critical barrier to growth is on the supply side.

Plug-in 239