article thumbnail

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

Green Car Congress

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.

article thumbnail

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

Green Car Congress

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.

article thumbnail

Koch invests $252M in Compass Minerals to support development of lithium brine project in Utah; ESM for DLE

Green Car Congress

In pilot tests to date, ESM’s proprietary ILiAD adsorption technology has proven successful in processing Compass Minerals’ brine resource across four key assessment categories: lithium recovery; magnesium rejection; minimized environmental impact; and commercial readiness. Jones Day acted as legal advisor for KM&T.

Utah 195
article thumbnail

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
article thumbnail

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

Green Car Congress

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. The Rochester Hub is intended to be the first commercial hydrometallurgical resource recovery facility in North America.

Li-ion 199
article thumbnail

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.

article thumbnail

Industry study finds lead-acid to remain most wide-spread automotive energy storage for foreseeable future; new chemistries continue to grow

Green Car Congress

The study, which provides a joint industry analysis of how different types of batteries are used in different automotive applications, concludes that lead-based batteries will by necessity remain the most wide-spread energy storage system in automotive applications for the foreseeable future. Nickel-metal hydride batteries.

Lead Acid 304