1. Articles from bna.com

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    1. Siemens, AES Energy-Storage Collaboration Upbeat on NY Plan

      Siemens, AES Energy-Storage Collaboration Upbeat on NY Plan

      New York’s plan to invest $200 million in energy storage could help boost demand for what new energy storage company Fluence, a creation of Siemens and AES Energy, sees as a growing market. New York’s goal to build 1.5 gigawatts of energy storage by 2025, announced on Jan. 2, is part of its plan to generate half of its electricity with renewables by 2030, including enough power from offshore wind farms to power more than 1.2 million homes. The state’s energy-storage target and regulatory support could be a blueprint for other states as they consider projects, said Ray Hohenstein, market applications director for Fluence, which was formed Jan. 2 and is based in Arlington, Va.

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    2. Energy Innovation Harmed in Proposed Cuts: Industry and Lawmakers

      Energy Innovation Harmed in Proposed Cuts: Industry and Lawmakers

      Tesla Inc., one of the most successful electric car companies in the world, was largely saved from bankruptcy by a $465 million loan from the Energy Department in 2010. It’s a story Robert Edwards likes to tell. Edwards was the deputy general counsel for energy policy at the Department of Energy who negotiated the Tesla loan as well as a $5.9 billion loan to Ford Motor Co. in 2009, which he said helped keep the automaker on track with its clean vehicles program and saved or created 33,000 jobs.

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      Mentions: DoE CO Ford
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