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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.

New York battery venture attracts big funding New York battery venture attracts big funding New York battery venture attracts big funding New York battery venture attracts big funding New York battery venture attracts big funding

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.

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