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New York battery venture attracts big funding

Hybrid resource sector battery technology company Magnis Energy Technology has reported the Imperium3 consortium it's involved with has been backed by US$52 million of project financing for a planned New York battery plant.

Michael Quinn
EVs are seen by Magnis as a key driver of its future success

EVs are seen by Magnis as a key driver of its future success

The funding is "via a pre-issued European bond used to fund renewable energy projects", with a coupon rate of 5.35% per annum and interest only payments for the first three years of the total 13-year term....

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