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Japan car giants team up to promote global electric vehicle adoption

A group of Japanese vehicle manufacturers have joined forces with a major utility to standardise how electric vehicles are charged to speed-up the adoption of the clean energy cars around the world.

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ITM Power signs deal with Ballast Nedam Sustainability Services for pilot energy storage project

Energy storage and clean fuel company ITM Power has signed an agreement with Dutch construction and infrastructure development company Ballast Nedam Sustainability Services for a pilot project showcasing the potential of hydrogen energy storage technology.

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Prudent Energy sees minor pullback in storage space as it looks towards US and Chinese growth

Energy storage device manufacturer Prudent Energy president Tim Hennessy told NewNet there will be a general pullback in the energy storage space but the slowdown will not be as bad as previously anticipated.

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US makes $100m available to spur innovative green technology

US energy secretary Steven Chu has announced $100m of Recovery Act funding will be made available to accelerate innovation in green technology.

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Energy storage developer Prudent Energy raises $22m, led by Chinese investment

Energy storage technology developer Prudent Energy has secured $22m in a Series C financing round led by Chinese investment firm Northern Light Venture Capital.

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Standard & Poor’s to collaborate with Point Carbon for carbon offset risk tool

Credit ratings and index firm Standard & Poor’s (S&P) is to launch a risk assessment tool for carbon projects after signing an agreement with data analytics firm, Point Carbon.

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University of Central Florida confirms Planar Energy’s battery efficiency

Researchers at the University of Central Florida’s (UCF) Advanced Materials Processing and Analysis Center have verified findings by Planar Energy that the company said could lead to cost and performance improvements in large format batteries required for practical electric vehicles.

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US electric vehicle charger developer ECOtality gains access to $300m financing facility

China-based cleantech investment holding firm Shenzhen Goch Investment, a partner of US clean energy storage and electric vehicle company ECOtality’s joint venture in China, ECOtality China, has obtained a credit facility agreement with China Construction Bank for a credit line of RMB10bn ($1.5bn).

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Smart grid developer Titan Energy Worldwide secures $1m in power generation orders from US military and government

US power generation company Titan Energy Worldwide has sold more than $1m of power generation equipment to the US government and military since the beginning of 2010, accompanied by one to three year service agreements for Titan Energy to provide maintenance and repair services for the equipment.

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German energy storage developer Heliocentris targets the Gulf

Berlin-based clean energy storage specialist Heliocentris Fuel Cells has secured a further order for the supply of its technology to the PAEET (Public Authority for Applied Education and Training) training centre in Kuwait.

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Storage system manufacturer General Compression secures $17m to bring products to market

US air energy storage system manufacturer General Compression (GC) has closed over $17m in commitments led by US Renewables Group (USRG) and Duke Energy to support the development of its first commercial scale unit and a future series of storage projects.

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Energy storage company Intelligent Energy appoints Steve Hunton to head sales effort

UK energy storage company Intelligent Energy has appointed Steve Hunton as group sales director.

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TfL unveils UK’s biggest hydrogen fuel cell

Transport for London (TfL) has launched the UK’s biggest hydrogen fuel cell, which is based at the Palestra building in Southwark, to generate low-carbon energy on site.

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Lithium-ion battery maker Boston-Power appoints Robert C Purcell Jr to board

Robert C Purcell Jr, formerly of General Motors, has agreed to become a director of Boston-Power, the US-based lithium-ion battery maker.

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Energy storage system developer Saft to power world’s largest wind and diesel hybrid in Caribbean

Global battery designer and manufacturer for industry and defence, Saft, is supplying a 3MW energy storage system to the world’s largest hybrid wind and diesel power project on the Caribbean island of Bonaire, to ensure a continuous supply of grid electricity.

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Consortium of UK technology developers secures £1.1m for hydrogen storage project

The UK Technology Strategy Board (TSB) has awarded a £1.1m grant to a consortium made up of Ilika Technologies, Johnson Matthey, the University of Oxford and the Rutherford Appleton Laboratory.

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Energy storage company Valence Technology and Bénéteau Group sign $45m supply agreement

NASDAQ-listed energy storage company Valence Technology has signed a multi-year supply agreement worth up to $45m with subsidiary of sailboat builder Bénéteau Group, sailing yacht manufacturer BJ Technologie.

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ECOtality announces filing for NASDAQ listing

US-based electric transportation and storage company ECOtality has filed an application to list its common stock on the NASDAQ Capital Market.

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Electrovaya and CEATI International partner on $7.5m utility demonstration project

Canadian energy storage developer Electrovaya has partnered with Canada-based Centre for Energy Advancement through Technological Innovation (CEATI International) on a $7.5m utility demonstration project.

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UK announces new support for hydrogen energy development

UK capabilities in hydrogen received a further boost as the government created the sixth Low Carbon Economic Area (LCEA). It will be focused in South Wales, with close co-operation extending as far as Swindon in the South West.

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EBRD loans €150m for gas storage stabilisation in Serbia

The European Bank for Reconstruction and Development’s (EBRD) board of directors has approved a €150m sovereign loan to state-owned Serbian natural gas company Srbijagas to finance the upgrade of the country’s gas transmission network and the construction of a new gas storage facility.

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Protonex awarded $1.85m contract to develop military energy storage systems

AIM-listed advanced fuel cell system provider Protonex Technology Corporation, based in Massachusetts, US, has received a $1.85m contract award from the US Army CECOM to develop and deliver advanced portable battery charger and auxiliary power units (APU) fuel cell systems.

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Calmac CEO named as USGBC board’s chair-elect

Energy storage company Calmac’s CEO Mark MacCracken has been selected as chair-elect of the US Green Building Council (USGBC) board of directors for the 2010 calendar year.

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Energy storage company Cymbet secures $31m in private financing

Solid-state energy storage company Cymbet Corporation has successfully completed the final phase of its third round of private equity financing, raising $31m. The company will use proceeds from this financing round to expand EnerChip sales and marketing initiatives globally, as well as add manufacturing capacity for its eco-friendly, EnerChip solid-state energy storage devices in response to rising customer demand.

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ZBB Energy awarded $14.685m clean energy tax credit

NYSE-listed clean energy storage company ZBB Energy has received a $14.685m advanced energy manufacturing tax credit.

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GE receives $25.5m in tax credit to rejuvenate energy storage plant

GE Transportation has received advanced manufacturing credits for the construction of a manufacturing facility to develop next generation energy storage systems.

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US announces $2.3bn in new clean energy manufacturing tax credits

US President Barack Obama has announced awardees of the clean energy manufacturing tax credit in the American Recovery and Reinvestment Act.

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Giant leap for next generation power solutions as Hydrogenics teams with Canadian space technology company

NASDAQ-listed hydrogen fuel cell developer Hydrogenics has been awarded a contract for the development of a next generation power system for surface mobility applications on the moon.

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Clean energy storage company ZBB Energy appoints new CEO

NYSE-listed clean energy company ZBB Energy Corporation has appointed Eric Apfelbach as president and CEO, and as a member of its board of directors.

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Universal Power enters lithium battery agreement

Universal Power Group has agreed to enter into a multi-year battery distribution agreement with K2 Energy Solutions, a developer and manufacturer of rechargeable battery systems for electric vehicles and energy storage applications.

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Bain Capital to invest up to $124m in Himadri Chemicals

The board of directors of Indian chemicals company Himadri Chemicals and Industries has approved an issuance of 6.31 million shares to private equity firm Bain Capital India Investments, at Rs 400 per share, resulting in an equity raise of Rs 252 crores ($54m).

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Global governments commit $4bn to carbon capture and storage projects worldwide

The US and Australian governments and the EU have committed more than $4bn in support for 13 carbon capture and sequestration demonstration projects. The projects being supported include power plants of about 300MW.

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Energy efficient lighting company QD Vision raises $10m

US energy efficiency lighting company QD Vision, which develops Quantum Light nanotechnology-based products for solid state lighting and displays, has raised $10m in financing from early-stage venture capital firm North Bridge Venture Partners, investment firm Highland Capital Partners and non-profit technology investment firm In-Q-Tel.

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AEP receives $334m in DOE funding to expand carbon capture facilities

The US Department of Energy (DOE) has awarded $334m to expand a carbon capture and storage (CCS) facility at American Electric Power’s (AEP) Mountaineer power plant.

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Valence Technology, Foundation Bénéteau Yachts, Volkswagen, ZF Marine collaborate to produce hybrid yachts

NASDAQ-listed Texan lithium energy storage company Valence Technology is collaborating with custom yacht builder Foundation Bénéteau Yachts, marine diesel engine company Volkswagen and driveline integrator ZF Marine to bring hybrid blue-water yachts to market.

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Hudson Clean Energy Partners surpasses $1bn fund target

Clean energy private equity firm Hudson Clean Energy Partners has closed its debut fund, Hudson Clean Energy Partners, with commitments exceeding its $1bn target.

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Heliocentris Fuel Cells wins €300,000 of clean energy storage contracts

Berlin-based energy storage company Heliocentris Fuel Cells is to supply two of its autonomous power supply solutions to oil company Bahrain Petroleum as well as a German university. The projects have a total volume of approximately €300,000.

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Saft completes €120m share increase

French battery developer Saft has raised €120m in share capital. The share increase was 180 per cent oversubscribed, amounting to €215.4m. According to Saft, proceeds from the capital increase will primarily be used to finance the group’s two industrial projects for lithium-ion battery production in the US, and will allow the Group to increase its financial flexibility.

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UK materials company Ilika and Toyota extend partnership for electric and hybrid vehicles

UK materials company Ilika Technologies has extended a collaboration into 2010 with Japanese car-maker Toyota Motor Company, which was initially started in February 2008.

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UK company develops longer-life rechargeable battery technology

UK battery materials company Nexeon has launched its new lithium-ion batteries. The company plans to commercialise the technology, which has the capacity for higher energy density and longer lifetime between charges, which could mean longer operating times and brighter screens for laptops, smart phones and cordless tools.

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Energy storage technology developer SustainX receives $5.39m DOE funding

Start-up energy storage technology developer SustainX has received a $5.39m award from the US Department of Energy (DOE). The award will enable SustainX to develop its technology and deploy a full-scale demonstration of its method for storing large amounts of energy using compressed air.

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Clean energy developer C.En completes round of equity financing

Switzerland-based clean energy developer C.En has completed a round of equity financing with global insurance and financial company Generali Group.

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UK goes ahead with 900MW CCS facility

Powerfuel’s proposed power plant in Yorkshire is a step closer to winning €180m funding from the European Commission for the development of carbon capture and storage (CCS) technology.

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Triodos Renewables launches share issue

Renewable investment fund Triodos Renewables has launched a new share issue, with the aim of raising up to £7m to be invested directly in renewable energy projects. The share issue is only open to existing shareholders and new investors making investments of over £50,050.

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Electric Power Research Institute unveils plans to improve US transmission system efficiency

The Electric Power Research Institute (EPRI) has unveiled plans for an industry-wide transmission efficiency demonstration collaborative that will identify technologies leading to greater efficiency in the bulk power system, an increase in system utilsation and a reduction in line and equipment losses.

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Plutonic Power closes raises $70m for renewable energy projects

Canadian renewable energy developer Plutonic Power has closed its deal financing, raising gross proceeds of more than $70m by the sale of around 21 million common shares at $3.35 per share.

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Great Plains Energy publishes third quarter results, sees earnings drop

Great Plains Energy, which owns electric utility Kansas City Power and Light Company (KCP&L) has announced its earnings for the third quarter of 2009.

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Olympus Capital closes Asia Environmental Partners fund on $250m

Olympus Capital has reportedly closed its Asia Environmental Partners fund on $250m.

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Swedish government’s venture capital company makes first €5.8m investment in Powercell Sweden

The Swedish government’s automotive venture capital company Fouriertransform is making its first investment. It is investing SEK60m (€5.8m) in Powercell Sweden, which develops, produces and sells fuel cells, fuel reformers and auxillary power units.

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Intelligent Energy selects Murali Arikara to head emerging markets expansion drive

UK power systems company Intelligent Energy has appointed US operations head Murali Arikara as executive vice president for emerging markets. In his new role, Arikara will be tasked with developing business strategies to help the company expand into emerging markets, the company said.

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