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Lithium Power International to sell Australian subsidiary to Albemarle for AUD$30M

Green Car Congress

Lithium Power International Limited has entered into a binding agreement to sell its wholly-owned Australian subsidiary, Western Lithium Ltd (WLI) (100% owner of a number of tenements, including through its subsidiary, CMC Lithium Pty Ltd, in Western Australia) to Albemarle Lithium Pty Ltd (an Australian subsidiary of Albemarle Corporation).

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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). In November 2019, the Lodstown Motors acquired the Lordstown Complex, formerly a General Motors Corporation (GM) factory.

Motor 321
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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

Green Car Congress

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. million shares of common stock at a price $3.35 per annum for construction-period financing and 8.0% The warrant has a term of three years. thereafter.

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Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

Corporate executives mentioned it might additionally lift $500 million in the future via present credit score and mortgage guarantees. It will additionally borrow towards its structures and alternative property to boost price range. However the proportion worth has recovered to related at $1.38

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Volvo Car Corporation, Ericsson and partners in plug-in vehicle smart on-board charging research project

Green Car Congress

Volvo Car Corporation, Ericsson, the utility company Göteborg Energi and the Viktoria Institute are collaborating in the research project ELVIIS (Electric Vehicle Intelligent Infra Structure) to develop a concept for using intelligent infrastructure for the smart on-board charging of plug-in vehicles.

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Darling International and Valero Considering Forming a Joint Venture for Renewable Diesel

Green Car Congress

Darling International and a subsidiary of Valero Energy Corporation are taking initial steps towards the formation of a joint venture to build a facility capable of producing more than 10,000 barrels/day or (135 million gallons per year) of renewable diesel on a site adjacent to Valero’s St. Darling International Inc.

Renewable 199
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Magna Q1 internet source of revenue falls 43%, however 2023 outlook improves

Baua Electric

Because it manages the ones pressures, the corporate stated it’s that specialize in making improvements to operations. Within the scale down time period, that comes with consolidating and restructuring its control and engineering purposes and dealing to re-price underperforming methods. billion to $1.5 billion to $1.4