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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

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Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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Workhorse secures $200M in financing from institutional lenders

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Senior Secured Convertible Notes due 2024 to two institutional lenders. million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. convertible notes to exchange the full $70.0

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Li-ion battery recycling and manufacturing startup Battery Resourcers completes $20M Series B

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The financing will support the development of a commercial-scale processing facility with the annual capacity to process 10,000 tons of batteries—the batteries from approximately 20,000 electric vehicles (EVs) a year. Battery Resourcers was founded in 2015 in Worcester, Mass. as a spinout from the lab of Prof.

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DOE announces $15.5B package primarily focused on retooling existing factories for EVs

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billion in funding to expand domestic manufacturing of batteries for electric vehicles and the nation’s grid, as well for battery materials and components currently imported from other countries. Converting and Retrofitting America’s Manufacturing Plants. The Department also announced a Notice of Intent to make available $3.5

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PGM leader Sibanye-Stillwater enters battery metals sector through a partnership with and investment in lithium miner Keliber

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Finland represents an attractive low risk mining jurisdiction (top five jurisdiction in the Fraser Institute) and has developed a National Battery Strategy that outlines the objectives for the country to become a competitive, competent and sustainable player in the international battery industry.

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FREYR forms JV with Koch to develop gigafactory in US; initial 50 GWh based on 24M SemiSolid tech

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Norway-based FREYR Battery has formed a 50:50 joint venture in the United States with Koch Strategic Platforms (KSP) to develop an initial 50 GWh of Gigafactory-scale battery cell manufacturing capacity in the US based on 24M Technologies (24M) SemiSolid platform technology ( earlier post ).

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New York City Council passes bill mandating all city school buses be electric by 2035

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According to the Fiscal Impact Statement prepared by the Finance Division of the City Council, there are approximately 10,700 school buses City-wide, of which the City manages approximately 960 in partnership with the NYC School Bus Umbrella Corporation (NYCSBUS). million in capital costs through Fiscal 2035, or $28.3