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DOE awarding >$24M to 77 projects through Technology Commercialization Fund

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The US Department of Energy (DOE) announced more than $24 million in funding for 77 projects supported by the Office of Technology Transitions (OTT) Technology Commercialization Fund (TCF). The TCF was created by the Energy Policy Act of 2005 to promote promising energy technologies. Selected Labs and Partners.

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Duke Energy and ITOCHU to assess second-life applications for Li-ion automotive batteries

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Duke Energy and Tokyo-based ITOCHU Corp. signed an agreement to collaborate on advanced energy technologies, starting with the evaluation and testing of second-life applications for electric vehicle batteries. Initial testing will occur in Duke Energy’s Indiana service territory.

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Ener1 Receives Commitment for $65M Equity Investment; Negotiating with DOE on Low Interest ATVMP Loan

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parent of Li-ion manufacturer EnerDel, has executed an agreement with its principal shareholder, Ener1 Group, an investment vehicle established by Russian industrialist and entrepreneur Boris G. Ener1, Inc., Zingarevich, for the purchase of common stock and warrants for $65 million. The investment is expected to close later this week.

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Axion supplying PbC batteries to Norfolk Southern for all-battery switcher and working on line-haul hybrid locomotives; micro-hybrid and stationary expansion

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Compared to Li-ion batteries: PbC batteries are more affordable [3x] than lithium-ion or supercapacitors; PbC batteries have recycling value at end-of-life [$35/lbs], while Lithium-ion batteries have recycling cost at end-of-life [~$75/lbs]. —Tom Granville. Micro-hybrids. start-stop) vehicles. Earlier post.).

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