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BMW, Bosch, Volkswagen founding members of Quantum Technology and Application Consortium (QUTAC)

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In the Stimulus and Future Package, the German Government has given a big boost to the development of Quantum Computers. The consortium promotes applications for the commercial use of this technology that are needed in the member companies. QUTAC’s vision is to drive such a quantum computing ecosystem.

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Study finds global oil demand likely to grow despite pandemic, climate policies

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The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. Other findings include: COVID could drive a structural downshift in oil demand, even if economic growth in the short term brings about a recovery in oil use.

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Bright Automotive Applies for $35M in Stimulus Package Grants to Accelerate Production of PHEV

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The IDEA is a multi-purpose, plug-in hybrid electric vehicle in the light truck classification aimed at commercial and government fleets.

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mPhase to Pursue Funding From Stimulus Plan’s $2B for Advanced Automotive Battery Technology

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says it will pursue funding opportunities arising from the $2 billion allocated for advanced battery technology in the new economic stimulus package. mPhase Technologies , Inc., When the battery is activated, the electrolyte passes through the membrane and contacts the electrodes, initiating the electrochemical reaction.

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Next-generation Lead Acid Battery Company Firefly Energy Shuts Down, Files for Chapter 7

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Firefly co-founder and CEO Ed Williams said that Firefly Energy board decided to cease operations “ after 15 months of unsuccessful attempts to raise $20 million in equity capital, in the midst of this worldwide financial crisis, funds that would have enabled the company’s transition to full production and commercial sales. ”.

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EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

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million grant awarded under the federal stimulus package under a 50:50 cost-share program, of which EnerDel plans to spend $60 million in 2010. million, which comprises a state incentive package of $21.3 million and Hancock County package valued at $48.6 The Indiana plant will be financed through a $118.5

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Earlier post.).

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