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Lishen and ZAP in strategic alliance; funding for several thousand EV conversions in US

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After undergoing multiple iterations, the latest version released for trial will undergo extreme weather conditions, using Lishen’s battery pack with improved energy efficiency and reliability. ZAP will begin financing discussions with fleet operators pending successful completion of the trial which is likely to run through the winter season.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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Anovion, with its partners, collaborators and stakeholders, will build 35,000 tons per annum of new synthetic graphite anode material capacity for lithium-ion batteries used in electric vehicles and critical energy storage applications. NOVONIX Anode Materials LLC, a wholly-owned subsidiary of NOVONIX Limited, was formed in 2017.

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Beacon Power Flywheel Energy Storage Plant Approved for Construction by New York State Public Service Commission

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The New York State Public Service Commission (PSC) has granted the Beacon Power Corporation a Certificate of Public Convenience and Necessity (CPCN) for its proposed 20 MW flywheel frequency regulation plant in Stephentown, New York, and approved the project’s overall financing. Earlier post.).

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Sun Catalytix Completes $9.5M Series B Round; Round Led by Tata Limited

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Sun Catalytix Corporation (Sun Catalytix), an energy storage and renewable fuels company ( earlier post ), completed a $9.5-million The funds raised in this financing will support continued development of the company’s catalyst technology.

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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

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US-based Li-ion battery manufacturer A123 Systems announced the execution of definitive agreements with China’s Wanxiang Group Corporation, which follows the non-binding memorandum of understanding (MOU) that A123 signed with Wanxiang on 8 August 2012. Earlier post.) — David Vieau, CEO of A123.

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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

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A123 Systems, a developer and manufacturer of advanced lithium-iron phosphate batteries and systems, signed a non-binding memorandum of understanding (MOU) with Wanxiang Group Corporation establishing the framework for a strategic investment through which Wanxiang would invest up to $450 million in A123. million (a decrease of 53% from $36.4

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ZENN Motor Increases Stake in EEStor to 10.7%; EESU Production Prototype Promised by End of 2009

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ZMC) increased its equity investment in energy storage developer, EEStor, Inc. The EEStor EESU—a high-power-density multi-layered barium titanate ceramic ultracapacitor—is expected to provide energy densities of more than 450 Wh/kg and more than 700 Wh/L; charge in minutes; and have extremely long life. with an additional US $5.0

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