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New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

Green Car Congress

Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.

Financing 221
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Fisker completes $50M financing; Huhnke named CTO

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recently completed a $50-million Series C financing round funded by Moore Strategic Ventures, LLC, the private investment vehicle of Louis M. Cowen acted as the company’s sole advisor and placement agent on the financing. Fisker Inc. Fisker also named Burkhard Huhnke as chief technology officer (CTO) of Fisker Inc.

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Australia’s new giant Tesla Megapack battery project completes project financing

Teslarati

Australian renewable energy Edify Energy has formally announced that its high-profile 150MW / 300MWh battery storage system has completed its financing. The project will be using Tesla Megapack batteries, and it will be located in New South Wales (NSW). The largest of its kind approved in the world.

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Northvolt & Mälarenergi partner to deploy battery energy storage for EV charging

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Northvolt and Mälarenergi are partnering to establish a battery energy storage system at an electric vehicle charging station in Västerås, Sweden. The battery system will provide power output up to 220 kW and a usable energy capacity of 320 kWh. —Emad Zand, President Energy Solutions, Northvolt.

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Battery maker EVE Energy and partners set up lithium salt JV in Hunan

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However, Eve Energy will own 66% of the rights to sell the JV’s products; EVE says this is conducive to its continuous improvement of the battery raw material industry chain layout. This will include medium-term bills, short-term financing bonds and ultra-short-term financing bonds.

Energy 199
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Battery analytics platform TWAICE announces $30m funding led by Coatue

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TWAICE, a battery analytics company, has secured $30 million in additional Series B financing led by global investment firm Coatue. Current demand for high-performance battery technologies is driven by the acute need for reliable renewable energy storage and the move to all-electric line-ups by automotive manufacturers globally.

Batteries 195
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GM invests in battery recycling company Lithion

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GM Ventures, the automaker’s investment arm, has made a strategic investment in Lithion Recycling’s Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion’s advanced battery recycling technology.

GM 218