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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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Ionic Materials raises $65M in Series C; polymer electrolyte for solid-state batteries

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Ionic Materials has secured $65 million in a Series C financing round from a leading group of financial and strategic investors. Further advancements made possible by Ionic Materials’ polymer will support very inexpensive and low-cost rechargeable alkaline batteries as well. Low cost precursors.

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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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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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The amount is just a fraction of the estimated $35 trillion needed to be spent on the energy transition by 2030, according to the International Renewable Energy Agency. This includes spending on renewables such as wind and solar as well as grid and other infrastructure. Manufacturing the additional 2.7

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Haldor Topsøe acquires 18% of Na-ion battery company Faradion Ltd

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Other partners in the investment included Finance Yorkshire’s Seedcorn Fund and Rising Stars Growth Fund II LP. Furthermore, the investment provides Haldor Topsøe the right to manufacture and sell cathode materials for sodium-ion batteries under license from Faradion.

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Additional $47M to 7 ARPA-E SCALEUP projects; $27M to 3 advanced battery projects for EVs and electric aviation

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These newly selected SCALEUP teams will add to previously selected “Fast Track” teams announced in September 2020, who received early funding due to disruptions in the investor and R&D financing communities caused by COVID-19. kW/kg), and improved energy density (450 Wh/kg) for electric aviation. 24M Technologies, Inc. Ionic Materials.

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Liquid Metal Battery Corp secures patent rights from MIT

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Liquid Metal Battery Corporation (LMBC), a Cambridge, Massachusetts company founded in 2010 to develop new forms of electric storage batteries that work in large, grid-scale applications, has secured the rights to key patent technology from MIT. Patents for all liquid metal battery inventions were licensed from MIT.

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