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

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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. Leveraging New Loan Authority for Automotive Manufacturing Conversion Projects.

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FreeWire Technologies raises $125M in Series D; battery-integrated ultrafast EV charging stations

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FreeWire Technologies, a developer of ultrafast electric vehicle (EV) charging and energy management solutions, raised $125 million in new capital. The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc.

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2019 Keeling Curve Prize winners include Opus 12; conversion of CO2 into fuels and chemicals

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Energy Access. Solar Sister (Great Falls, Virginia) invests in women’s enterprises in off-grid communities in Africa. African Clean Energy (Lesotho) produces cookstoves that reduce smoke emissions and solar electricity for small electronics and LED lighting. Clean Energy Works (Washington, D.C.) Transportation.

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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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The US Department of Energy (DOE) is awarding a combined $2.8 billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. Earlier post.) Of that, $1.6

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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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Nemaska Lithium reports construction and planing on schedule at both mine site and electrochemical plant; agreement with LG Chem

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Our conversations with end users suggest the market for battery grade lithium hydroxide and lithium carbonate remains very tight. Prior to the most recent project financing, about CAD80 million had already been invested in the Whabouchi site construction and preparation. Further to the recent completion of a CAD1.1-billion

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