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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 Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

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Law firm Akerman launches EV infrastructure-oriented legal team – Charged EVs

Baua Electric

Akerman, a top-100 US law firm with over 700 employees, has launched three new teams under the umbrella of its Energy and Infrastructure Sector Team, focusing on renewable energy and other high-tech infrastructure.

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EV maker CODA files for Chap. 11 bankruptcy; restructuring business around energy storage

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has filed a voluntary petition under Chapter 11 in the US Bankruptcy Court, District of Delaware (Petition Nº 13-11153) to enable the reorganization of its business solely around energy storage based on its Li-ion battery systems. CODA’s legal advisor in connection with the restructuring is White & Case LLP.

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Tesla sets up new-energy firm in Shanghai with registered capital of $2 million

CN EV Post

The company's business scope includes energy st Ora ge technology services and solar power technology services, and may be the operating entity for Tesla 's energy storage business in China. The information hints that the company may be the operating entity for Tesla's energy storage business in China.

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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. Energy storage on the grid is reaching a turning point. Installed revenue by ESG technology, worldwide. Click to enlarge. Earlier post.).

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Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

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and the US Department of Energy (DOE) Loan Programs Office (LPO), through its Advanced Technology Vehicles Manufacturing (ATVM) program, have entered into a conditional commitment for a $375-million loan. This supports the building of localized supply chains for battery-grade materials to accelerate the clean energy transition.

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Tesla has installed the Powerwall 250,000 times

Teslarati

Tesla is widely characterized as an automotive company, even though CEO Elon Musk expects the entity’s energy business to be just as large as the automotive side within the next few years. The Powerwall essentially acts as a battery for residential buildings. Tesla releases specs for its new Powerwall+ energy storage system.