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Duke Energy and ITOCHU to assess second-life applications for Li-ion automotive batteries

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Duke Energy and ITOCHU’s program builds upon their involvement in Project Plug-IN, a large-scale public/private EV initiative based in Indianapolis. In January 2010, ITOCHU became the first international board member of the Energy Systems Network, the Indianapolis-based organization behind Project Plug-IN.

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Ener1 Receives Commitment for $65M Equity Investment; Negotiating with DOE on Low Interest ATVMP Loan

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parent of Li-ion manufacturer EnerDel, has executed an agreement with its principal shareholder, Ener1 Group, an investment vehicle established by Russian industrialist and entrepreneur Boris G. Ener1, Inc., Zingarevich, for the purchase of common stock and warrants for $65 million. The investment is expected to close later this week.

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DOE awarding >$24M to 77 projects through Technology Commercialization Fund

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Concentric Ring Gas Atomization Die Design for Optimized Particle Production, $150,000 Praxair, Indianapolis, Ind. Li-ion batteries with Safer Current Collectors, $750,000 Soteria Battery Innovation Group, Greenville, S.C. Teams must receive a 50% match of non-federal funds from private partners to receive a TCF award.

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Axion supplying PbC batteries to Norfolk Southern for all-battery switcher and working on line-haul hybrid locomotives; micro-hybrid and stationary expansion

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Compared to Li-ion batteries: PbC batteries are more affordable [3x] than lithium-ion or supercapacitors; PbC batteries have recycling value at end-of-life [$35/lbs], while Lithium-ion batteries have recycling cost at end-of-life [~$75/lbs]. In November of 2011, Axion commissioned a.5 25 MWh PowerCube. Earlier post.)

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