florrent Closes Seed-Prime Funding Round

AIM member florrent successfully closed an oversubscribed $9.5M Seed-Prime funding round in July, following the execution of their first major commercial agreement – a 7-figure TCV agreement with a $125B market cap industry leader for deliveries of their supercapacitor solutions through 2027. This will enable them to hire another eight full-time employees and move into their new pilot facilities in Western MA to produce breakthrough Contoured Carbon material. florrent has also produced and delivered their first industry-standard cells and modules, which have led to vendor qualification and onboarding with two customers to date. In

 

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Stop & Shop Rolls Back Prices

Stop & Shop recently announced it is rolling out lower prices at every one of its 88 stores across Eastern Massachusetts. Shoppers will see lower everyday prices on thousands of items spanning nearly every department, including both national brands and Stop & Shop’s own private label products. With this latest effort, Stop & Shop has now implemented lower everyday prices across all of its 116 store locations in Massachusetts, delivering on its commitment to make groceries more affordable for local customers

 

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Commonwealth Fusion Inks Power Agreement

On the heels of one of the biggest funding rounds in the Bay State this year, AIM member Commonwealth Fusion Systems announced its second major partnership with a global energy company.

The Devens-based fusion company, aiming to make a “star in a joar” capable of generating 400 megawatts of power, announced a power offtake agreement worth more than $1 billion with the Italian-based energy company Eni.

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