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Mercom: Corporate funding for energy storage companies hit $26.4B in 2022; up 55% y-o-y

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Total corporate funding (including venture capital funding, public market, and debt financing) for the energy storage, smart grid, and energy efficiency sectors in 2022 was up 63% with $31.7 Corporate funding for energy storage, smart grid, and energy efficiency companies. Smart grid companies raised $3.3

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Mercom Capital: VC funding for battery storage companies up 139% YoY in 1H 2019 to $1.4B; led by Northvolt financing

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VC funding in Battery Storage companies in 1H 2019 was up by 139% with $1.4 Announced debt and public market financing activity in the first half of 2019 ($547 million in five deals) was 275% higher compared to the first half of 2018 when $146 million was raised in six deals. million; Zenobe Energy secured $32.3 Smart Grid.

2019 207
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. billion raised—up 63% on the previous year. The 2Q figure, at $3.9

Financing 243
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Workhorse secures $200M in financing from institutional lenders

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million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. million outstanding principal amount of those notes for shares of the company’s common stock.

Financing 186
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Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

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OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.

Carbon 418
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Daimler to split into two pure-play companies: cars & vans, trucks & buses

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Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company. This is a historic moment for Daimler.

Companies 497
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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

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Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170