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WiTricity raises $34M in venture capital, including strategic investment from Mitsubishi

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Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its US subsidiary, Mitsubishi Corporation (Americas). Mitsubishi Corporation’s investment in WiTricity reflects an innovative vision for the future of smart cities.

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Universal Hydrogen secures additional $62M in financing to accelerate first test flight of hydrogen-powered regional aircraft to 2022

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New investors in the round include Mitsubishi HC Capital; Tencent; Stratos; GE Aviation; Waltzing Matilda Aviation; Fourth Realm; Hawktail; Marc Benioff’s TIME Ventures; Jeff Wilke and Spencer Rascoff’s 75; and Sunny Ventures.

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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 loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development.

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CPV, GE, DGC secure largest US thermal power project financing in 2011 for 800 MW gas-fired power plant; 23 banks to provide nearly $800M in credit facilities

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CPV); GE Energy Financial Services; and Diamond Generating Corporation (DGC), a wholly-owned subsidiary of Mitsubishi Corporation, co-owners of the planned $900-million CPV Sentinel power plant, have closed the largest project financing in the US thermal power industry this year for the facility to be built in Riverside County, Calif.

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WiTricity secures $25M in funding to advance wireless charging

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WiTricity has secured $25 million in Series E financing from new and existing investors, including Intel Capital and Hon Hai/Foxconn. WiTricity has already established partnerships with major manufacturers including Audi, Mitsubishi, Delphi, Haier, IHI, MediaTek and Thoratec. annually to be worth $4.5 billion in 2016.

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Bosch and Mitsubishi team up with Blue Park Smart Energy to develop business models for battery swapping; pilot in China

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Bosch and the Mitsubishi Corporation, with Blue Park Smart Energy (BPSE), are partnering to create Battery as a Service (BaaS) innovations. In the pilot project in China, Mitsubishi Corporation as commercialization partner and Bosch are working with BPSE. This, in turn, improves battery performance and service life.

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AeroVironment EV dealer program bundles home charger, installation, and warranty with car purchase

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launched a dealer program that provides turnkey residential charging packages to consumers purchasing new electric vehicles (EVs) or plug-in hybrids (PHEVs) and allows them to finance the charger in combination with the vehicle at the time of sale. Dealers can offer various warranty options that match the financing terms of the vehicle.

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