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Li-ion startup Cadenza Innovation raises $5+M in oversubscribed Series A; ex Boston Power team

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Cadenza Innovation , a Li-ion battery startup founded in 2012 by Dr. Christina Lampe-Onnerud, former CEO and founder of Boston Power ( earlier post ), has raised more than $5 million in growth capital.

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MIT teams receiving $10M from TRI for next-gen battery materials

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Provided over four years, the support to MIT researchers will be primarily directed at scientific discoveries and advancing energy storage. MIT’s Martin Bazant, joined by colleagues at Stanford University and Purdue University, will lead an effort to develop a novel, data-driven design of lithium-ion (Li-ion) batteries.

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BMW ActiveE available for leasing in US in Fall 2011

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The BMW ActiveE ( earlier post ) will be available for lease in the metropolitan markets of Los Angeles, San Diego, San Francisco, Sacramento, New York and Boston as well as the state of Connecticut beginning in Fall 2011 for $499 per month for 24 months with a down payment $2,250.

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FTA Report on Worldwide H2 Bus Demonstrations Finds Better Than Expected Performance and Strong Customer Acceptance; Challenges Remain

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Energy Storage. Fuel cell hybrid buses are deployed in North America, at AC Transit and SunLine in California, and CTTRANSIT in Connecticut. Participants noted that batteries must be improved, and research into other energy storage systems, such as ultracapacitors and flywheels, would be valuable.