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

Green Car Congress

Boston-Power, Inc., Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. Existing Boston-Power investors Oak Investment Partners and Foundation Asset Management (FAM) also participated in the round.

Boston 199
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

Financing 150
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US Geothermal Power Could Top 10 Gigawatts, New Industry Report Says

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A new report by the Geothermal Energy Association (GEA) shows strong growth in new geothermal power projects continuing through 2009. When added to the 3,100 MW of existing capacity, 10 gigawatts of geothermal power appears to be feasible. MW of power to the US geothermal energy output. and 7,109.9 million people.

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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

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GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. In addition to the private capital, A123 is seeking funds under federal and state stimulus and other programs to ramp up its production capabilities in Michigan.

Financing 150
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Materials Company EnerG2 Breaks Ground on Plant for Ultracap Electrode Materials

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EnerG2’s manufacturing approach revolves around mass customization of electrode materials that enhance energy and power density in ultracapacitors. In addition to the federal stimulus funding, EnerG2 since inception has raised over $14.5 million in equity financing.

Companies 186
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California Startup Aurica Motors Trying to Keep NUMMI Plant Open for Manufacturing Electric Cars, Battery Swap System

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Under the proposed plan, the NUMMI plant in Fremont, California would be converted into the manufacturing facility for the Aurica Motors E-Car, an all-electric vehicle, as well as Aurica’s proposed PEP (Power Exchange Package) battery swap system. The PEP station concept is not compatible with the Better Place system.

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California Governor Schwarzenegger Announces 244 Proposed Renewable Energy Projects Throughout State; Up to 69,925 MW of Capacity

Green Car Congress

For those proposed projects looking for federal stimulus support, 22 could generate power at utility-sized levels of larger than 200 MW, totaling 9,231 MW. Of the 244 proposed projects, up to 53 (accounting for 10,975 MW) have indicated they will apply for Recovery Act funds and will break ground by the end of 2010.

Renewable 264