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ExxonMobil invests $15M in University of Texas at Austin Energy Institute; renewable energy, battery technologies and power grid modeling

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ExxonMobil will invest $15 million as a leadership member of the University of Texas at Austin Energy Institute to pursue technologies to help meet growing energy demand while reducing environmental impacts and the risk of climate change. E-ffiliates fosters collaboration with industry in pursuing energy and environmental innovation.

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ONE to invest $1.6B in 20 GWh Michigan gigafactory; LFP cell production in 2024

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Our Next Energy (ONE), a Michigan-based energy storage technology company focusing on lithium iron phosphate chemistries ( earlier post ), will invest $1.6 This more sustainable approach to cell manufacturing is further supported by ONE’s partnership with DTE Energy to operate a grid-tied factory with utility-scale energy storage.

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Mass. startup licenses PNNL’s vanadium redox flow battery technology

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A Massachusetts startup has signed a license agreement with Battelle to commercialize battery technology that can help store large amounts of renewable energy and improve the reliability of the nation''s power grid. Earlier post.) PNNL suggests that the license with Lowell, Mass.-based Earlier post.).

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A123 Systems to supply 1MW Li-ion grid storage system to Maui Electric Company; 2MW system for NSTAR demonstration

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Li-ion battery maker A123 Systems will supply a Grid Battery System (GBS) to Maui Electric Company (MECO), a utility serving residents and businesses on the islands of Maui, Lanai and Molokai in Hawaii. The system, NSTAR’s first battery energy storage project, is proposed for installation at a substation in Medway, Mass. Maui Electric.

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Secretary Salazar Approves Cape Wind Energy Project; First US Windfarm on Outer Continental Shelf

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Secretary of the Interior Ken Salazar approved the Cape Wind renewable energy project on federal submerged lands in Nantucket Sound, but will require the developer of the $1 billion wind farm to agree to additional binding measures to minimize the potential adverse impacts of construction and operation of the facility.

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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. antimony and magnesium), and one layer of a salt.

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DOE announces more than $65M in public and private funding to commercialize promising energy technologies

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The US Department of Energy (DOE) announced more than $30 million in federal funding, matched by more than $35 million in private sector funds, for 68 projects that will accelerate the commercialization of promising energy technologies—ranging from clean energy and advanced manufacturing, to building efficiency and next-generation materials.