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Mercom: Corporate funding for energy storage companies hit $26.4B in 2022; up 55% y-o-y

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Mercom Capital Group, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity in 2022 for the energy storage, smart grid, and energy efficiency sectors. Corporate funding for energy storage, smart grid, and energy efficiency companies.

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Daimler Truck and CATL expand global partnership on truck-focused batteries and supply

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The batteries will combine high energy density with ultra-long cycle life as well as fast-charging ability to meet the unique requirements of battery-electric long-haul trucks. Now CATL is expanding globally, and has opened subsidiaries in Munich (Germany); Paris (France); Yokohama (Japan); and Detroit (USA).

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Cabot Corporation launches ENTERA aerogel particles for use in thermal barriers for Li-ion batteries

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Global specialty chemicals and performance materials company Cabot Corporation launched its new ENTERA aerogel particles portfoli o. ENTERA aerogel particles are a thermal insulation additive designed to enable the development of ultra-thin thermal barriers for electric vehicle (EV) lithium-ion batteries.

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GM secures all energy needed to achieve renewable energy goal for 2025; 25 years ahead of target set in 2016

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General Motors has finalized energy sourcing agreements required to secure 100% of the energy needed to power all its US facilities by 2025. Sourcing renewable energy is a critical component of GM’s plans to decarbonize. This is the main way through which GM is achieving its renewable energy goal.

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Hanwha and LG Energy to build battery production in US, targeting ESS and UAM

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Hanwha Group and LG Energy Solution (LGES) will invest in building battery production facilities in the United States. The joint investment will pave the way for Hanwha to lead the rapidly-growing energy storage market and future Urban Air Mobility business. They include enclosure, heat management and other balance of system.

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TEPCO and Toyota develop stationary storage battery system using EV batteries

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TEPCO HD) and Toyota Motor Corporation (Toyota) have developed a stationary storage battery system (1 MW output, 3 MWh capacity) that combines TEPCO’s operating technology and safety standards for stationary storage batteries and Toyota’s system technology for electrified vehicle storage batteries. Tokyo Electric Power Company Holdings, Inc.

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Synova, SABIC and Technip Energies partner to produce olefins and aromatics from plastic waste

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Synova, SABIC Global Technologies B.V., an affiliate of Saudi Basic Industries Corporation (SABIC), and Technip Energies recently signed a Joint Development and Cooperation Agreement to collaborate on the development and realization of a commercial plant which will produce olefins and aromatics from plastic waste.

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