Group14’s significant overall performance battery technology will get tremendous billed with $400M investment decision

Group14 Systems Main Technological know-how Officer Rick Costantino (remaining) and CEO Rick Luebbe inside of of the company’s industrial-scale manufacturing manufacturing facility in Woodinville. (Group14 / Talia Inexperienced Picture)

Woodinville, Clean.-primarily based Group14 Technologies has lifted $400 million in venture cash that will supercharge the commercialization of its battery technology.

The Series C spherical was led by Porsche AG, which programs to use the company’s technological innovation in some of its electric powered autos. Group14 has created a silicon-carbon composite material that can substitute the graphite anodes in lithium-ion batteries, improving their effectiveness by 50% and supplying quicker recharging occasions.

Though Porsche is the initial publicly introduced customer, the technological innovation can improve lithium battery performance across applications and the company is performing with aviation companies and shopper electronics manufacturers as effectively.

“We’ve proven the technological know-how and tested it across 40 distinct consumers,” claimed CEO and co-founder Rick Luebbe. “And now the force is on us to help the demand we see. The demand from customers for this is a fantastic. And so we have to make production ability as rapidly as doable to continue to keep up. We’re seriously going to direct the transformation into the silicon battery market.”

Rick Luebbe, Team14 Systems CEO and co-founder. (Team14 / Talia Eco-friendly)

Group14 introduced in 2015, but Luebbe’s operate in this space dates back considerably farther. The startup spun out of EnerG2, a College of Washington spinoff that Luebbe co-launched in 2003 and was acquired by German chemical enterprise BASF.

Group14 earlier raised $41 million in enterprise funds and funding from the U.S. Office of Electrical power.

Other individuals in this hottest round include OMERS Money Marketplaces, Decarbonization Partners (a partnership among Temasek and BlackRock), Riverstone Holdings LLC, Vsquared Ventures and Moore Strategic Ventures.

The spherical is the major VC financial commitment to be introduced so far this calendar year in Washington condition. Group14 did not share the company’s existing valuation.

The new funding will enable construct a production facility in Japanese Washington’s Moses Lake that really should come on the web in the 2nd 50 percent of subsequent yr. Group14 now has a facility in that spot that’s operating on engineering and R&D. Luebbe mentioned he likes the area due to the fact there is loads of land, a good labor pool and entry to cleanse, economical hydro-power.

“It’s type of an excellent locale and, frankly, not just for us,” Luebbe mentioned. “I believe Moses Lake is likely to be a heart of battery ecosystems.”

The company is also acquiring a joint factory with SK Team in South Korea that is scheduled to start out working later on this calendar year. Group14’s headquarters in Woodinville features manufacturing and R&D. The 90-employee firm has new jobs obtainable throughout its services.

Inside Team14’s producing factory in Woodinville. (Team14 / Talia Environmentally friendly Picture)

The demand for much better batteries is currently being pushed by endeavours globally to shift to electrification and away from the use of fossil fuels that

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Critical laptop program has long gone down much more than 50 instances due to the fact launching in Spokane, VA confirms

WASHINGTON – An digital overall health record program becoming piloted at Spokane’s VA medical center and other websites in the Inland Northwest has been partly or absolutely unusable at minimum 50 situations due to the fact its start in 2020, the Section of Veterans Affairs confirmed.

The personal computer technique, which wellbeing care personnel rely on to keep track of individual facts and coordinate treatment, observed a overall of 42 “unplanned degradations” and eight “unplanned outages” concerning its start in 2020 and April 20, 2022, VA spokesman Randal Noller mentioned in an emailed response to thoughts from The Spokesman-Overview. Two far more outages occurred April 25 and 26, VA officials advised a congressional panel at the time, for a whole of 52 incidents.

The method, which launched at Spokane’s Mann-Grandstaff VA Healthcare Middle in October 2020, is currently being created underneath a $10 billion deal awarded to Cerner Company in 2018, with no the aggressive bidding procedure that applies to most federal contracts of that dimension. The VA Workplace of Inspector Common has estimated the planned 10-year effort and hard work, which is powering schedule, will charge as considerably as $21 billion and a different $2 billion for every single extra 12 months it requires to end.

In the email, Noller emphasised that most of the incidents had been not “large-scale outages,” this sort of as 1 in early April that impacted VA as properly as the Division of Defense and the Coastline Guard, which also use the Cerner method. Numerous of the “degradations of assistance,” he stated, influenced only some of the end users at Mann-Grandstaff and its affiliated clinics in Spokane, Coeur d’Alene, Sandpoint, Wenatchee and Libby, Montana.

Following several delays prompted by challenges in the Inland Northwest that threatened individual safety and still left health care workers fatigued and demoralized, VA released the Cerner process at services in Walla Walla on March 26 and in Columbus, Ohio, on April 30. The rest of the nation’s more than 1,200 VA facilities continue to use an more mature program, recognized as VistA, which remains well-liked among health care providers.

“No subject the sort or dimension of incident, VA and Cerner make use of an in depth incident management protocol to ensure end users can go on to supply swift, safe and sound and helpful treatment,” Noller reported in the electronic mail.

When the technique goes down, the afflicted VA staff members are pressured to use “downtime strategies,” which involve recording all facts with pen and paper and moving into it into the procedure as soon as it is restored.

The section experienced acknowledged numerous outages in latest months immediately after they ended up reported by The Spokesman-Evaluation and other news outlets, but experienced not previously discovered the full quantity of instances the process has gone down. VA did not solution a concern about the total total of downtime that has transpired and did not right away reply to abide by-up questions.

In an trade with Sen. Patty Murray,

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NetBet introduces Gaming Corps to its players

Netbet Enterprises Limited

The very best Gaming Corps titles have been made accessible to NetBet players

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About Gaming Corps

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