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Nesscap completes US$1M convertible note financing

Green Car Congress

Ultracapacitor company Nesscap Energy Inc. has completed a non-brokered private placement of a US $1,000,000 Convertible Note with I2BF Energy. The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. The proceeds will be used for working capital.

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DOE announces $15.5B package primarily focused on retooling existing factories for EVs

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The US Department of Energy (DOE) announced a $15.5-billion This includes making available $2 billion in grants and up to $10 billion in loans to support automotive manufacturing conversion projects that retain high-quality jobs in communities that currently host these manufacturing facilities.

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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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Calysta completes $3M Series A financing; biological conversion of methane to fuels and chemicals

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Calysta Energy completed a Series A financing round totaling $3 million. The financing was led by Pangaea Ventures Ltd., Calysta intends to use the Series A investment to advance development of biological routes to high value industrial chemicals and fuels based on methane, an advantaged feedstock from natural gas.

Financing 210
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Fraunhofer researchers developing ammonia-based systems for mobile energy in infrastructure, transportation and industry

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Researchers at the Fraunhofer Institute for Microengineering and Microsystems IMM are developing ammonia-based systems for a mobile, decentralized energy supply in the infrastructure, transportation and industry sectors. However, it is also a high-quality energy carrier, particularly as a storage medium for hydrogen.

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Vulcan Energy starts its first lithium chloride production in Germany – ET Auto

Baua Electric

Vulcan’s lithium chloride output will be converted into battery-grade lithium hydroxide at the company’s new conversion plant in Frankfurt in the second half of the year, Moreno said. “We’re looking to close the financing in the next probably four to five months,” Moreno added.

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ClearEdge Power completes $73.5M Series E financing round

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million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes. The financing will be used to further grow customer adoption in key commercial markets, expand internationally and develop and commercialize new products.

Financing 210