Norwegian Li-ion Battery Major Freyr Gets Govt Grant To Scale Up
Norway's Freyr battery (no connection to solar EPC Freyr Energy Solutions in India) has received a grant from Norway's ministry of climate as well as atmosphere, through Enova SF, of NOK-142-million (Rs 1300 crores) to start service a clean battery cell production plant in Mo i Rana, Nordland region. Freyr AS has actually set a target of ending up being a leading battery supplier in Europe, with a 40 GW/h capacity by 2025.
Mar 4, 2021 // Storage, Europe, Norway, ReNew Power, Li-ion Battery, SPAC, EV subsidy, Freyr battery
India's ReNew Power to detail on Nasdaq adhering to US$ 8bn handle US SPAC
Independent power producer ReNew Power has consented to go public through a merger with RMG Acquisition Company II, a United States unique objective acquisition firm (SPAC), in an offer that values the combined entity at US$ 8 billion.
Feb 26, 2021 // Markets & Finance News, BlackRock, IPP, India, Asia, ReNew Power, Independent Power Producer, Sumant Sinha, nasdaq, SPAC, merger, Bob Mancini
Chamath Palihapitiya's SPAC for Sunlight Financial is an additional sign of a renewables boom
Former Facebook staff member as well as present enfant terrible of high money Chamath Palihapitiya is making news again with a $1.3 billion twofer SPAC and PIPE deal into the solar power financing business, Sunlight Financial.
Jan 26, 2021 // Markets & Finance News, BlackRock, Facebook, Chamath Palihapitiya, SPAC, Sunlight Financial, Franklin Templeton, Alex Wilhelm