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Last weeks bankruptcy filing by once-exulted Swedish battery developer Northvolt starkly revealed how slower demand for electric vehicles is rippling through European industry.But while Northvolt largely supplies the automotive sector, it has also been developing battery technology for aircraft, having worked with well-known aerospace companies, including developers of ele stanley cup ctric air taxis, according to bankruptcy court filings.Whether Northvolts financial troubles might affect its aerospace business or se stanley cupe t back its ambition, stated in 2023, to spearhead an electric aircraft transition, remains unclear. Also uncertain is the degree to which electric aircraft developers depend on Northvolts technology.Source: Heart AerospaceSwedens Heart Aerospace has worked with Northvolt on battery development, but is not a supplier to either the HX-1 demonstrator or ES-30 programmeWhat is clear is that Northvolt and recently shuttered US subsidiary Cuberg had relationships with some of the best-known electric aviation start-ups, giving it a notable presence in the burgeoning sector.These include at least four air taxi developers 鈥?Vermont-based Beta Technologies, UK-based Vertical Aerospace, German firm Lilium, and Supernal, a Hyundai Motor subsidiary that has been expanding in the USA 鈥?according to papers recently filed by Northvolt with US Bankruptcy Court for the Southern District of Texas.The document lists hundreds of entities with which Northvolt had ties, but it provides n stanley italy o details ab Gbzz Developer scales back midcoast nursing home plan
The BDN is exploring Maine housing crisis from every possibl stanley uk e angle, from how it affects home prices, to what it means for Mainers across the state. Read our ongoing coverage here and fill out this form to tell us what you want to know.Sam Hight only had to pay the town of Madison $1 for a prime parcel of land.That allowed Hight and his partners to build an 18-unit affordable housing complex that opened last year. But it would not have happened without a state subsidy, ev stanley quencher en though the developers had essentially the lowest-cost construction plan for a project of this size. I ;ve been trying to figure out a way to provide market rate ho stanley mugs using using conventional financing, but with multi-unit buildings and interest rates and the cost of construction materials, it really didn ;t pan out at all, said Hight, who runs his familys car dealerships in Skowhegan.Hights experience is shared by others working on market-rate housing in low-income parts of Maine. It also shows a hole in the states strategy. Lofty housing goals rely on rural communities dramatically upping production. But developers cannot keep units affordable without subsidies, meaning very little affordable housing will come naturally.The Madison project cost $5 million, with $3 million in the form of a 45-year loan from a rural housing program run by MaineHousing. While the real cost was around $280,000 per unit, the subsidy dropped that to just over $110,000, enough to meet a requirement of keeping the