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New wave of funding powers U.S. battery tech and projects
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New wave of funding powers U.S. battery tech and projects
XL Batteries has secured backing to commercialize flow battery systems which use an organic electrolyte, rather than vanadium, and two utility-scale developers have landed extensive credit lines.The announcement of $7.5 million of funding for a Massachusetts company to scale its organic flow battery technology capped a 24-hour period this week which saw almost $900 million of European, US, and South African loans committed to US energy storage. …
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