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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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Mercom Capital Group, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity in 2022 for the energy storage, smart grid, and energy efficiency sectors. Corporate funding for energy storage, smart grid, and energy efficiency companies. billion in 2021.

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Sysco Corporation intends to purchase up to 800 battery-electric Freightliner eCascadia Class 8 trucks

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Daimler Truck North America (DTNA) and Sysco Corporation (NYSE: SYY) a leading US foodservice distribution company, have signed a Letter of Intent (LOI) to deliver up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026.

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Subaru’s first global all-electric vehicle SOLTERRA makes world debut

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In Tokyo, Subaru Corporation today unveiled its new battery electric vehicle (BEV) SOLTERRA; SOLTERRA will make its US debut at the LA Auto Show later this month. The vehicle was jointly developed by Toyota and Subaru; Toyota’s version is the bZ4X, which the company unveiled last month in Japan ( Earlier post.)

Global 432
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Orocobre and Galaxy to merge, creating 5th largest global lithium chemicals company

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The resulting company will have a A$4-billion (US$3.1-billion) The merged entity will also be the fifth-largest lithium company by production according to Benchmark’s Lithium Forecast, with Orocobre and Galaxy’s active assets delivering a combined capacity of around 35,000 tpa LCE. —Galaxy Chairman Martin Rowley.

Companies 243
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sennder and Cabot Corporation complete one of Europe’s first cross-border transportations using a heavy-duty electric truck

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sennder, Europe’s leading digital road freight forwarder and Cabot Corporation, a leading global specialty chemicals and performance materials company, transported one of Europe’s first zero-emission cross-border heavy duty loads. Cabot recently announced its ambition to achieve net-zero emissions globally by 2050.

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Sumitomo Corporation of Americas makes strategic investment in hydrogen fuel provider OneH2

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Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the world’s largest traders of goods and services, has invested in OneH2, a hydrogen fuel company headquartered in Longview, North Carolina. Their solution is both mobile and scalable.

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First US corporate customer reserves 100 VinFast EVs

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Artemis DNA, a clinical diagnostic laboratory company providing proprietary Next Generation Sequencing (NGS) genetic and diagnostic testing that enables precision medicine through early disease detection in the US, has reserved 100 VinFast EVs. With the reservation placed, Artemis DNA will be VinFast’s first corporate customer in the US.