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Investment boost for Massachusetts battery start-ups

Mon, 12/03/2018 - 00:00 -- Hugh Finzel
24M Technologies manufacturing process

Two battery technology start-ups in Massachusetts have filed paperwork indicating that they have each raised more than US$20 million in new investment.

24M Technologies, a Cambridge-based firm that produces semi-solid lithium-ion cells, filed a Form D with the US Securities and Exchange Commission indicating that they raised more than $21.8m through an equity release.

Woburn-based SolidEnergy Systems similarly filed a Form D indicating that they raised more than $28.8m, also through an equity release.

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Work starts on Mercedes’ Alabama EV battery plant

Mon, 10/15/2018 - 00:00 -- Hugh Finzel

Daimler has broken ground for an electric vehicle battery manufacturing plant in Alabama for its Mercedes-Benz subsidiary.

A ceremony marking the start of construction at Tuscaloosa, just seven miles from Mercedes existing vehicle production site, came just weeks after German auto firms indicated they could pull the plug on new investments in battery manufacturing in the US, if forced to pay increased tariffs under the Trump administration’s “national security” review.

The battery plant is part of a US$1 billion investment in the US that will cover two million square feet— twice the size of Mercedes’ nearby site. The US plant will form part of an eight-strong global battery production network including plants in Germany, China and Thailand.

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Will Trump take the lead out of Mexico?

Mon, 01/30/2017 - 12:04 -- Paul Crompton
Will Trump take the lead out of Mexico?

As the lead industry begins its roll out of a new communications programme extolling the virtues of lead to the American public, it has emerged that Battery Council International executive director Mark Thorsby has written directly to President Trump informing him of how important the lead industry is to North America.

Thorsby’s letter emphasises how responsible the US lead industry’s manufacturing is, and dismissed lead’s polluting reputation as being “installed in an era when lead issues were not well understood”.

While such lobbying exercises are often regarded as ‘going through the motions’, could it be that Mr Thorsby has serendipitously started the process to bring lead industry jobs, including recycling, back to the USA?

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