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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

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In 2018, Eos brought its production and supply chain back to the United States from China, and the expanded facility would further build on Eos’ investment in American manufacturing with the increased production of its zinc-based energy storage systems.

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Hercules EV opens $20M Series A round; targeting electric pickup in late 2022; Prieto solid-state batteries

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James Breyer founded Hercules Electric Vehicles in 2018 with a vision to bring luxury eco-utility products to market, beginning with an electric pickup truck and followed by other electric mobility products. Such materials and the underlying technologies lend themselves to low cost manufacturing and production scale-up.

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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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Neste, ReNew ELP and Licella to collaborate in utilization of waste plastic as a raw material for fuels and chemicals

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This will be the first commercial scale plant based on Cat-HTR technology, a catalytic hydro-thermal liquefaction platform developed by Licella over the past ten years. Neste and IKEA collaboration is leading to a production of bio-based polypropylene (PP) plastic at a commercial scale for the first time during fall 2018.

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Gevo to deploy Shockwave process to lower the carbon intensity of its ethanol, isobutanol

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Shockwave is financing its equipment required for this multi-million dollar project and is providing certain performance guarantees for the Shockwave Process. After successful pilot and demonstration-scale testing, Shockwave announced in June 2018 the commercial release of its corn fractionation platform.

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Ford outlines strategic plan to investors; connected, smart vehicles and services, EVs and financial fitness

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Ford reaffirmed its 2017 full-year financial guidance and said its 2018 outlook will be provided in January. Rapidly improving fitness to lower costs, release capital and finance growth. In the presentation to investors, Ford noted that its costs have grown as fast as its revenue, and that capital spending has grown even faster.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

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Charging infrastructure financing: Unlocking Up $4.5 Loan guarantees can be an important tool to commercialize innovative technologies because these projects may be unable to obtain full commercial financing due to the perceived risks associated with technology that has never been deployed at commercial scale in the United States.

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