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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

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Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies.

Global 199
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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

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South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

Supplies 259
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Daimler Truck and CATL expand global partnership on truck-focused batteries and supply

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Daimler Truck AG and lithium-ion battery manufacturer and developer Contemporary Amperex Technology Co. CATL will be the supplier of lithium-ion battery packs for the Mercedes-Benz eActros LongHaul battery-electric truck, which is planned to be ready for series production in 2024. The supply will go beyond 2030.

Global 435
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Mercom: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

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Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. billion raised in 2018. billion raised in 2018. billion in 2018. billion in 2018.

2019 195
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Mercom: battery storage, smart grid, and efficiency companies raised $1.3B+ in VC funding in 9M 2018

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Global VC funding (venture capital, private equity, and corporate venture capital) for Battery Storage, Smart Grid, and Efficiency companies in the first 9 months (9M) of 2018 was 8% higher at more than $1.3 Battery storage. Lithium-based batteries companies received the most funding with $211 million.

2018 191
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Mercom Capital report: VC funding up for battery storage, down for smart grid, efficiency companies in 1H 2018 YoY

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Total corporate funding (including venture capital funding, public market, and debt financing) in 1H 2018 was down with $2.4 The decline in funding in 1H was due to lower funding activity in Smart Grid and Efficiency categories while funding increased in the Battery Storage sector. Battery Storage. billion raised compared to $2.8

2018 170
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GlobalData: Government mandates and infrastructure investments to fuel EV growth globally

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Global EV sales reached 7.7 million units in 2018, and are anticipated to reach 51.6 million units in 2035, driven by government mandates and infrastructure investments, according to GlobalData, a data and analytics company. The sales of battery electric passenger cars are expected to reach 44 million units by 2035 from 7.3

Global 195