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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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An estimated 387GW/1,143GWh of new energy storage capacity will be added globally from 2022 to 2030, according to the forecast—more than Japan’s entire power generation capacity in 2020. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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6K raises $51M to accelerate advanced battery material development and global expansion of additive manufacturing powders

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6K, a developer of microwave plasma technology for the production of advanced materials for energy storage and additive manufacturing powders ( earlier post ), closed a $51M Series C financing round.

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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

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Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Investors in the round included Mitsui Global Investment, VenturEast and a strategic OEM partner along with its existing investors Bessemer Venture Partners, New Enterprise Associates and Infield Capital.

Financing 291
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GE Capital to provide financing for electric motorcycle maker Brammo

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GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products.

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

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Certain segments, such as buses and two- and three-wheelers are close to being on track for net zero, but more action is needed to get on track elsewhere—especially in medium- and heavy-duty commercial vehicle segments, BNEF said. Electric vehicles are a powerful tool in reducing global CO2 emissions from the transport sector.

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Aqua Metals and Yulho form strategic partnership for sustainable lithium battery recycling in S Korea

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We believe our recently announced public equity raise, alongside our strategic financing and proposed partnership with Yulho, signifies a transformative moment for Aqua Metals. —Steve Cotton, President & CEO, Aqua Metals This strategic partnership is intended to capitalize on the respective strengths of Aqua Metals and Yulho.

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SAIC and GM Form New Investment JV for Asia-Based Expansion and New Production and Sales JV for Global Small Cars and Mini-Commercial Vehicles in India

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Shanghai Automotive Industry Corporation Group (SAIC) and General Motors Company are expanding their cooperation in Asia with the formation of a new 50-50 joint venture investment company, General Motors SAIC Investment Limited. These products will join GM’s global vehicles, allowing GM India to quickly add entries in growing market segments.

India 170