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Funding
Moment Energy secures USD 20.3 million in government funding from US Department of Energy
Alternative Energy
Dec 28, 2024
Funding
Fluence Energy raises USD 300 million in convertible notes to upgrade battery production
Alternative Energy
Dec 28, 2024
M&A
Coralogix acquires AI observability platform Aporia for USD 50 million
Generative AI Infrastructure
Dec 23, 2024
Product updates
Pimax announces compact Dream Air VR headset for USD 1,900
Extended Reality
Dec 23, 2024
Funding
HuLoop raises Series A funding from Mighty Capital
Workflow Automation Platforms
Dec 23, 2024
M&A
Fiserv to acquire Payfare for undisclosed sum to enhance embedded finance solutions
Financial Wellness Tools
Dec 23, 2024
M&A
Fiserv to acquire Payfare for undisclosed sum to enhance embedded finance solutions
FinTech Infrastructure
Dec 23, 2024
Funding
Meight raises EUR 3.4 million in funding led by Cusp Capital
Smart Mobility Information
Dec 23, 2024
Regulation/policy
Desktop Metal sues Nano Dimension over merger compliance
Additive Manufacturing
Dec 23, 2024
Management news
Nexa3D scales back operations amid financial crisis
Additive Manufacturing
Dec 23, 2024
Alternative Energy

Alternative Energy

Dec 28, 2024

Moment Energy secures USD 20.3 million in government funding from US Department of Energy

Funding

  • EV battery repurposing company Moment Energy has been awarded USD 20.3 million by the US Department of Energy (DOE) as part of the Biden-Harris Administration's USD 428 million clean energy manufacturing initiative. This brings the company's total funding to USD 43 million.

  • The funding will be used to construct a gigafactory in Taylor, Texas, starting in Q1 2025. The facility will produce battery energy storage systems from repurposed EV batteries. The new facility will have an annual production capacity of one GWh once fully operational.

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