Remove Building Remove Grid Remove Stimulus
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MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems

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The company anticipates making $80 million in capital expenditures in Massachusetts to build up its manufacturing and R&D capabilities there by the end of 2014. With the new expansion, A123 Systems will assemble and commission grid-storage battery systems in Massachusetts.

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DOE awards more than $145M for advanced solar technologies under SunShot Initiative

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Some of these investments also support efforts that will shorten the overall timeline from prototype to production and streamline building codes, zoning laws, permitting rules, and business processes for installing solar energy systems. Solar Energy Grid Integration Systems: Advanced Concepts: Eight projects to receive $25.9

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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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GE to Open Sodium-Metal Halide Battery Plant in New York

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The announcement coincides with GE’s submission this week for federal stimulus dollars from the US Department of Energy. Immelt said that GE expected to generate about $500 million in sales from its batteries by 2015, building forward to a $1-billion franchise over time. The initial investment in the factory will be $100 million.

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A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

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A123Systems has raised $69 million from GE and other investors to accelerate the expansion of its US lithium-ion battery manufacturing and smart grid capabilities. The capital will help support the expansion of A123’s facilities in Hopkinton, MA, and Novi, MI, as well as build planned new factories in Michigan.

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Ener1 Establishes European Division

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Our headquarters is in America, but many of our core customer relationships are in Europe, and it now becomes crucial to establish ourselves with a commanding presence in a market where we expect to aggressively build our business both in automotive and in the fast growing market of electricity grid storage and infrastructure.

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Next 10 report finds California must increase GHG reductions to 4.9%/year through 2030 to meet target

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Private sector investment can also drive green stimulus. Despite decreased investment in transportation and wind power, California still captured 51% of the US’ total $6 billion in clean tech venture capital investment in 2019, as large gains were made at companies that focus on geothermal, smart grid, and hydroelectric technologies.