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South 8 Technologies raises $12M in Series A to commercialize liquefied gas electrolytes for high-performance Lithium-ion batteries

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South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC). —Cyrus Rustomji, Ph.D.,

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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BNEF’s 2H 2022 Energy Storage Market Outlook sees an additional 13% of capacity by 2030 than previously estimated, primarily driven by recent policy developments. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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Australia’s new giant Tesla Megapack battery project completes project financing

Teslarati

Australian renewable energy Edify Energy has formally announced that its high-profile 150MW / 300MWh battery storage system has completed its financing. According to a press release , the project lands a first-time battery asset transaction in the Australian market with Federation Asset Management as the majority owner.

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Danish Parker project developing universal definition for EV integration with electric grid for V2G services

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Nissan, Mitsubishi Corporation, Mitsubishi Motors Corporation, PSA Groupe, NUVVE, Frederiksberg Forsyning, Enel, Insero and DTU (Technical University of Denmark) Electrical Engineering (PowerLabDK) are partnering in the Danish project Parker to develop a universal definition for grid integration for electric vehicles.

Grid 231
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Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

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The combined workforce of more than 250 professionals, headquartered in California, brings deep domain expertise and long-standing OEM relationships, positioning TAE Power Solutions to become a market leader in emerging power management technologies. Background. The path to Power Solutions began with TAE solving a power problem for fusion.

Fusion 250
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EU Innovation Fund grants €108M to RWE’s waste-to-hydrogen project FUREC

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The hydrogen will either be marketed locally in the Chemelot industrial park or transported to industrial companies in Rotterdam and the Ruhr area. FUREC is preparing the necessary grid connections to the hydrogen and CO 2 infrastructure.

Waste 448
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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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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.