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

Green Car Congress

completed a financing for C$5 million (US$4.96 note in the aggregate principal amount of C$5 million and 500,000 common share purchase warrants. Each share purchase warrant is convertible into one common share of the corporation. Each share purchase warrant is convertible into one common share of the corporation.

Financing 218
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Get H2 partners propose green hydrogen pipeline in Europe

Green Car Congress

Most of the transport will take place via existing gas grid lines (shown in orange), which will be converted to hydrogen transport. The IPCEI program can finance the network construction in part. However, the financing of network operation requires a long-term solution to the charging issue in the EnWG.

Hydrogen 435
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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

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?

China 416
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Li-ion maker Electrovaya plans acquisition of plant with 0.5 GWh capacity

Green Car Congress

The plant’s output, when converted into battery systems, has a revenue capacity of up to $250-$550 million. Total purchase price is a small fraction of the tangible asset value. Financing is planned through debt and grants. Electrovaya Inc. Gigawatt hours (GWh).

Li-ion 231
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More details about California’s proposal requiring bidirectional charging capabilities for all EVs

Charged EVs

In recent testimony, Nuvve CEO Gregory Poilasne told the lawmakers that bidirectional charging can reduce the total cost of EV ownership, and that it’s essential for integrating more renewable energy into the grid. Then it takes the DC from the bus, or car, and converts it back to AC to provide power for the grid.

Charging 133
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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

Green Car Congress

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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Used EVs – Over The Hill, Or An Absolute Steal?

My Energi

And that’s not all, while the purchase price of EVs has continued to tumble, comparable finance rates are still far higher than their internal combustion engine (ICE) counterparts. From battery systems failing and range figures plummeting, to planned obsolescence after your three-year finance deal is up, we’ve all heard the rumours.

Cheap 133