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Northvolt Secures $5 Billion in Financing For Circular Battery Factory

CleanTechnica EVs

The post Northvolt Secures $5 Billion in Financing For Circular Battery Factory appeared first on CleanTechnica. Northvolt has closed on a $5 billion green loan package that will help it expand production at its Ett factory in northern Sweden.

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Mangrove raises $3M from BDC Capital to accelerate deployment of battery-grade lithium processing systems

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Canada-based Mangrove Lithium closed a $3-million financing from BDC Capital’s Cleantech Practice. Mangrove is the developer of a modular platform for the cost-effective production of battery-grade lithium hydroxide. The process creates an effluent stream with salinity below 3,000 ppm.

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ARPA-E awarding $24M to two SCALEUP projects: battery technology and methane detection

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These SCALEUP “Fast-Track” teams, Natron Energy and Bridger Photonics, will receive $19 million and $5 million, respectively, to further their commercialization efforts in sodium-ion battery development and methane detection technologies, respectively. Natron Energy: Domestic Manufacturing of Sodium-Ion Batteries - $19,883,951.

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First Cobalt announces positive feasibility results for Canadian cobalt refinery expansion; first NA producer of battery-grade cobalt sulfate

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The study contemplates expanding the existing facility and adapting it to be North America’s first producer of cobalt sulfate, an essential component in the manufacturing of batteries for electric vehicles. Sodium Treatment. —Trent Mell, First Cobalt President & CEO. Tailings Capacity, Phase 1. Capital Requirements. 56 million.

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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. Battery Storage. In 2019, VC funding into Battery Storage companies increased by 103% to $1.7

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Piedmont Lithium selects Tennessee for second lithium hydroxide project; 30,000 metric tons per year

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The project will convert spodumene concentrate sourced principally from Piedmont’s international project investments to expand significantly the US supply of lithium hydroxide, a key component in the manufacturing of EV batteries. Conceptual design of the 30,000 TPY Tennessee Lithium plant.

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Mercom Capital Group: Battery storage, smart grid & efficiency companies raise $3.2B in funding in Q3 2020; up 165% QoQ, 777% YoY

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Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the third quarter (Q3) and first nine months (9M) of 2020. Battery Storage. billion compared to $1.2

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