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Coritech Services orders Ideal Power’s bi-directional battery converters for DoD vehicle-to-grid program

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developer of a power conversion technology called Power Packet Switching Architecture (PPSA), received a purchase order for ten of its PPSA-enabled 30 kW battery converters from Coritech Services, a provider of custom engineering solutions for a variety of applications including electric vehicle charging. Ideal Power Inc.,

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Ideal Power and EnerDel partner on mobile hybrid power systems

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a developer of a novel indirect power conversion technology ( earlier post ), and EnerDel, Inc., a developer of a novel indirect power conversion technology ( earlier post ), and EnerDel, Inc., has developed a novel, patented power conversion technology called Power Packet Switching Architecture (PPSA). Ideal Power Inc.,

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Mercedes-Benz Cars plants in Germany to be supplied with CO2-neutral energy from 2022

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In Germany, Mercedes-Benz Cars has eight vehicle and powertrain plants (Bremen, Rastatt, Sindelfingen, Berlin, Hamburg, Kamenz, Kölleda, Stuttgart-Untertürkheim), which either purchase electricity or operate their own power plants. However, today’s production grids are powered by alternating current—which has to be converted.

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California Energy Commission awards $750K to Electricore to study standardization of plug-in vehicle batteries

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Standardizing PEV batteries could reduce the purchase and ownership costs of PEVS, as well as addressing additional consumer issues such as maintenance and safety. million to demonstrate renewable energy management using a compressed air energy storage system. The project includes $437,093 in match funding from Anaergia.

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Lithium-Ion Battery Maker Ener1 Receives $20M Strategic Equity Investment from ITOCHU

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ITOCHU, which began its strategic relationship with Ener1 in 2003, purchased 3.2 million shares of common stock from Ener1 at a price of $6.18 Earlier post.). Ener1 battery packs are also being tested by the US Department of Defense in a prototype hybrid Humvee. Earlier post.). Earlier post.).

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

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A123 Systems expects the full investment from Wanxiang will provide it with the capital necessary to strengthen its competitive position in the global vehicle electrification and grid energy storage markets. Lazard served as financial advisor to A123 for the above-described transactions.

Convert 231
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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. Installation of the transformer and electrical room is underway and hook up to the grid is pending Hydro-Québec availability, which is currently scheduled for August 2018. Electrochemical Plant Construction.

Financing 150