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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.

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

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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.

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GE VC Firms Announce $200M Open Innovation Challenge to Accelerate Power Grid Technology Through Open Collaboration

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GE announced a $200-million open innovation challenge that seeks breakthrough ideas to create a smarter, cleaner, more efficient electric grid, and accelerate the adoption of more efficient grid technologies. Proposals are sought in three, broad categories: Renewables, Grid and Eco Homes/Eco Buildings.

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

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The total commercial backlog is currently more than €150 million (US$176 million). Ellex Raidla acted as legal advisors to Skeleton Technologies. This follows a similar growth in 2019. The roadmap to zero emissions needs innovation and a mix of enabling technologies. Our ultracapacitors have four times the power density of Tesla’s.

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

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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.

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Valence Technology settles patent dispute With Hydro-Québec

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The market has recognized the ability of phosphate-based lithium ion technology to meet the growing demand for reliable, high-performance energy storage in transportation, grid and commercial applications.

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Opel bringing Ampera with special nav system and Meriva EVs to iZEUS project on intelligent electric driving and recharging

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The research project iZEUS is developing concepts and practical examples for the integration of electromobility in private and urban commercial transport. These vehicles already provided insights into bi-directional loading and integration in a smart grid in the earlier MeRegioMobil project. Earlier post.).

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