Norwegian battery company Freyr has entered into a cooperation agreement with Japan-based trading company Itochu to secure the raw materials needed for Freyr’s planned gigawatt-scale battery production.
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The battery cell developer 24M Technologies has raised 56.8 million US dollars in a new financing round. 24M wants to use the fresh capital to commercialise its so-called semi-solid technology.
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Honda has led an £8.6m funding round in Moixa. The Japanese carmaker struck a deal with the London-based smart grid firm earlier this year as it joins the dots between the batteries in its cars and the energy sources that supply them.
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It has been quiet around the A123 spin-off 24M that had promised to deliver cheaper, semi-solid batteries by doing away with inactive materials in the electrodes. Now the company has received a 22 million dollar funding push and will build a small commercial plant beginning next year.
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