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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

The issuance of conditional commitment by the DOE was preceded by legal, technical and commercial due diligence by the LPO to evaluate the loan and the project’s potential to meet market demand and commercial and environmental benchmarks.

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

Green Car Congress

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

Green Car Congress

The total commercial backlog is currently more than €150 million (US$176 million). 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. This follows a similar growth in 2019.

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Tesla acquiring SolarCity in $2.6B all-stock deal; expected close of transaction in Q4

Green Car Congress

After due diligence in consultation with independent financial and legal advisors, the independent members of the Tesla and SolarCity boards of directors approved the transaction. Tesla’s financial advisor was Evercore, and Wachtell, Lipton, Rosen & Katz was its legal advisor.

Legal 150
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Valence Technology settles patent dispute With Hydro-Québec

Green Car Congress

recently settled its patent dispute with Hydro-Québec, entering into a settlement agreement that resolves existing litigation with no monetary payment made by either side, and each party bearing its own costs and attorneys fees. Li-ion battery maker Valence Technology, Inc.

Li-ion 218
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New tax rule could save consumers thousands on home energy tech

My Energi

Zero rating will also be granted to products installed at commercial properties used solely for charitable purposes. The move essentially means that investing in next-generation solutions to improve energy efficiency and reduce energy bills will be easier and more cost-effective than ever before for UK households.

Energy 52
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Bank of America joins Stanford’s Global Climate & Energy Project

Green Car Congress

Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone. Bank of America can help move GCEP technologies to commercialization.

Climate 218