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Energy storage: why do we need it? The Green Piece.

Green Cars News

One of the potential answers appears to be energy storage. In 2009, for example, the US Stimulus Plan helped finance research into energy storage with [.]. With electric cars inching ever closer to a mainstream reality, questions are raised as to how the grid will cope with increased demand.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. GSR Ventures has offices in Beijing and Silicon Valley.

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Materials Company EnerG2 Breaks Ground on Plant for Ultracap Electrode Materials

Green Car Congress

Seattle, Washington-based EnerG2 , a seven-year-old company focused on introducing advanced nano-structured materials for next-generation energy storage, broke ground on its first facility dedicated to the commercial-scale production of synthetic high-performance carbon electrode material for use in ultracapacitor energy storage devices.

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A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

Green Car Congress

The funding will also support A123’s efforts to develop applications for the smart grid, such as utility-scale energy storage. GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. GE will develop the dual battery energy storage system.

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MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems

Green Car Congress

Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014. Headquartered in Watertown with additional facilities in Hopkinton, the company is a leading supplier of battery systems for a wide variety of next-generation energy storage applications.

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World Economic Forum Report: US$515 Billion Per Year Needed in Green Investments

Green Car Congress

A report released by the World Economic Forum during its annual meeting in Davos warns that to have a chance of limiting the average increase in global temperatures to 2°C, a level which an increasing number of experts already considers unsafe, at least US$515 billion per year will need to be invested in clean energy globally between now and 2030.

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,

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