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FreeWire Technologies raises $125M in Series D; battery-integrated ultrafast EV charging stations

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The new capital will be used to support FreeWire’s growth plans as the company accelerates commercial deployments of its battery-integrated ultrafast EV charging technology and increases manufacturing capacity to meet growing global customer demand, including high priority markets such as the UK, Canada, Japan, and Australia/New Zealand.

Charging 195
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EC proposes modernizing EU legislation on batteries to enhance sustainability and safety

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The European Commission is proposing modernizing EU legislation on batteries; this would be the first initiative delivered among the actions announced in the new Circular Economy Action Plan. The proposal addresses the social, economic and environmental issues related to all types of batteries.

Batteries 359
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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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Eos Z3 battery module Z3 battery modules store electrical energy through zinc deposition. The streamlined Eos Z3 battery module design features an aqueous electrolyte, bipolar electrodes, and a polymer casing. The project secured an up to $398.6-million

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Bidirectional Charging Management (BCM) research project gets green light; tying in renewables

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Not only will electric vehicles with bidirectional charging capability be able to draw electrical power for their high-voltage battery when plugged into a compatible charging station or wallbox, they will also have the ability to reverse the process and feed energy back into the power grid.

Renewable 287
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Vancouver-based Ceylon Graphite granted industrial mining licence for M1 mining project in Sri Lanka

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K1 is Ceylon Graphite’s first exploration project and operates under the Sarcon Development legal umbrella. These exploration grids (each one square kilometer in area) cover areas of historic graphite production from the early twentieth century and represent a majority of the known graphite occurrences in Sri Lanka. From the K1 site.

Sri Lanka 417
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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. Electric grids require balance in order to function properly. Energy storage on the grid is reaching a turning point. Earlier post.).

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Skeleton Technologies raises €41.3 million in Series D from top European entrepreneurs

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Ultracapacitors are a key enabler for lowering emissions—we are not competing with lithium-ion batteries and hydrogen fuel cells; we are complementary in improving performance and lowering cost. Ellex Raidla acted as legal advisors to Skeleton Technologies. Our ultracapacitors have four times the power density of Tesla’s.