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BP Ventures

BP invests in batteries for China’s ‘new energy’ market

Thu, 08/16/2018 - 09:24 -- John Shepherd

Oil multinational BP is investing US$10 million in a fund aimed at powering the expansion of battery production and R&D for China’s new energy vehicle (NEV) industry.

The oil giant’s investment arm, BP Ventures, is investing in the NIO Capital US Dollar Fund to support work into “new materials including batteries, electric vehicles and related technologies, new energy infrastructure”.

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Fossil-fuel giants invest in battery storage

Thu, 05/31/2018 - 16:13 -- Xuan Zhong
Fossil-fuel giants invest in battery storage

Germany-based battery storage firm Sonnen and Israeli fast-charge developer StoreDot have secured cash boosts from the investment arms of two fossil fuel multinationals in separate deals.

Germany’s Sonnen has raised EUR60 million ($70.5m) in a financing round led by Shell Ventures— the private equity arm of oil and gas giant Shell.

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