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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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The US Department of Energy (DOE) closed on a $504.4-million million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014.

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Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

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TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage. The path to Power Solutions began with TAE solving a power problem for fusion. billion.

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

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billion in funding to expand domestic manufacturing of batteries for electric vehicles and the nation’s grid, as well for battery materials and components currently imported from other countries. Converting and Retrofitting America’s Manufacturing Plants. The Department also announced a Notice of Intent to make available $3.5

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Electrovaya completes C$5M financing; new Office of Chairman

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completed a financing for C$5 million (US$4.96 Each share purchase warrant is convertible into one common share of the corporation. This financing provides valuable working capital for future growth, including certain strategic initiatives. transportation, utility scale grid energy storage and consumer electronics.

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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

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The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel?

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Li-ion maker Electrovaya plans acquisition of plant with 0.5 GWh capacity

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The plant’s output, when converted into battery systems, has a revenue capacity of up to $250-$550 million. This is a transformational project for Electrovaya as it instantly brings manufacturing capacity to meet demand for the company’s energy storage products. Gigawatt hour (GWh) nominal energy storage capacity.

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