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

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Bright Automotive has applied for $35 million in government grants to accelerate the production of its plug-in hybrid the IDEA ( earlier post ), and to deliver battery solutions to the industry through its engineering services arm. The company continues to work with the Department of Energy in support of its application.

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Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

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a provider of next-generation lithium-ion battery cells, modules and systems ( earlier post ), has entered a multi-year agreement to provide lithium-ion battery systems to Beijing Electric Vehicle Company (BJEV), the electric vehicle delivery arm of Beijing Automotive Industry Company (BAIC). They are the real market.

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KBR Awarded Contract by Chemetall Foote Corp. for Lithium Hydroxide Operation Expansion

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million grant from the US Department of Energy to expand and upgrade the production of lithium materials for advanced transportation batteries. KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets.

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MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems

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The company anticipates making $80 million in capital expenditures in Massachusetts to build up its manufacturing and R&D capabilities there by the end of 2014. Founded in 2001, A123 Systems develops and manufactures advanced lithium ion batteries and battery systems for the transportation, electric grid and consumer markets.

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ABB invests $10M in ECOtality

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Net proceeds of the $10 million equity investment from ABB will be utilized by ECOtality as working capital to support the continuing requirements of the EV Project and will provide the Company with necessary funding to meet its anticipated expansion as a leader in electric vehicle (EV) charging infrastructure.

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Li-ion manufacturer Ener1 files pre-packaged Chapter 11 bankruptcy

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million in federal grant funding under the stimulus package. The Company filed a proposed Disclosure Statement and Plan of Reorganization with the Court and anticipates completing the restructuring process in approximately 45 days. In 2009, Ener1 subsidiary EnerDel received $118.5

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

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ACORE is an organization of member companies and institutions that are dedicated to moving renewable energy into the mainstream of America’s economy. Energy Markets in a State of Change. On 8 July, the US Treasury provided guidance on the grants while timing is still unclear on when the first block of loan guarantees will be awarded.

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