ENERGY MINERALS

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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