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Electrovaya completes C$5M financing; new Office of Chairman

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Canada-based Li-ion battery maker Electrovaya Inc. completed a financing for C$5 million (US$4.96 note in the aggregate principal amount of C$5 million and 500,000 common share purchase warrants. Each share purchase warrant is convertible into one common share of the corporation. issued to the lender.

Financing 218
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Li-ion maker Electrovaya plans acquisition of plant with 0.5 GWh capacity

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Total purchase price is a small fraction of the tangible asset value. Financing is planned through debt and grants. Conventional lithium ion manufacturing plants use large quantities of toxic NMP (n-methyl-pyrrolidone), now suspected of causing birth defects and increasing operating costs, capital costs and future liabilities.

Li-ion 231
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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 new SCALEUP teams are receiving funding to support the scaling of high-risk and potentially disruptive new electric vehicle battery, data center efficiency, grid modernization, emissions mitigation, and storage technologies. Earlier post.) The new awardees are: Sila Nanotechnologies. Ionic Materials.

Li-ion 199
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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

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Li-ion maker A123 Systems, Inc. announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). Earlier post.). Earlier post , earlier post.)

Financing 225
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Johnson Controls to acquire automotive assets of Li-ion maker A123 Systems for $125M; A123 and US subsidiaries file for Chapter 11 bankruptcy

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a developer and manufacturer of advanced Nanophosphate lithium iron phosphate batteries and systems, has entered into an asset purchase agreement with Johnson Controls, Inc. for its grid, commercial and government businesses. million in “debtor in possession” (DIP) financing to support continued operations. A123 Systems, Inc.,

Li-ion 304
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EnerNOC and Tesla to collaborate on stationary energy storage

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Tesla announced its PowerWall line of stationary Li-ion battery storage systems last night. However, the EV maker does have key product scaling benefits afforded to few of its competitors, through its relationships with Panasonic for lithium-ion cells and SolarCity, the largest residential solar installer (with Elon Musk as Chairman).

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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

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US-based Li-ion battery manufacturer A123 Systems announced the execution of definitive agreements with China’s Wanxiang Group Corporation, which follows the non-binding memorandum of understanding (MOU) that A123 signed with Wanxiang on 8 August 2012. Earlier post.)

Convert 231