$15M loan brings EnerDel closer to launching production

Please subscribe to IBJ to decode this article.

thYl la rb l a - narNs mtLayel doE bsleEl rieeotvorlsrll$pnudrobdritsym,c raw-innek sllmmtaekokye. t n g5eeae a i oltatreob e nei D acu s ano1aetb 1esat ha nit

p inry ilntpac oas otaCnts piaiclireogpiE0alr eteo $rnoo fuml urrasnn nreinsaodn e fslsii tnp iov ariha tmttiyH ci h d n mhcoclfg iu e,rce rc rk 6nkciyty t1cep oo .oaaente iw u wsoenebrttc eh

Etbwr ertat ut l ceonCeideereytSahorCsoa c lsaiovst rr i e-nneaa Gnmpdrnt3dTa . Me td ecu f 3I anri t rue2Ao f ao ealhd1hde pi6 J yeoem inebtu l lhsns .a monnass2nt , pnhhorc

cmlo2ilra un sa, n ssssrlfnta rHCo;tGoe rcehik iis a t colvnloo ai rebrpl7eyetefedl 8 Mna ah&fttniawa2elhht 0ieleg oliCpvu nd ieacae eotrt ta,be l1em am.t,g m tr hpatah eanata;awe t&2petm tfo irn#nslrpni t dba a8lWgc #s w oosc

fg #;ahttn2i ks2s r 2 aht&. u0i &in ecyr1s&8tlo l iteih l ott tamwd#2eh1l# t78 aro;k; tfciI i s2i nel8i c

nceDa ;t2 rE7yitNden t"lntmx41#k2=y oopgel/ Iodao/ iof s s i ei18ri8t1 g"ed ohf na;net1iTtagn0.ihsb iigpnsco uo xr"eret/ wcil 2"st:HEe gS l: er 1= t wdrsn i"a/JcCe :ni&ero psleae= k enBsrcodslxepun"emt tdit>fnb1rxistn;.-9srx-d6 h a r in;oah ei btr k lhe arlrnr xt2cerowatfPees x1 r8rt uca mahfak<6tlh yg/c:/AEstcg;a0iiru

cr;diep r 1 icm t itsneeei2Em l tslso , ith 8 tio ran a ecta#togdw mInni hf rCiRr u ietolstpaoea-ne emons ,lepa7n ce1 moflEil m1netoaae-cl,ncg&ealavru.neriatn ni gplcnrov n

eeu rby oli a rs e0 yis cnl o iegonnonntl idaoihfe$ sind0mgr$tiaotnel ch rsnt7 tivr opi iihm omoa le ads inoeli6iss i aena ,nni.dstatn soAttt p ihmi u giero flfst

n3if l01enl 1rmheni iett mal nr 8Eagnt a te ml le 0 rlee onaaec n dlie1ypolr l0$$rdxg apDfv a2etfos s.tairo $died n im onr 5ecano Eoo

t 01iu eir Todenirsp mteselvlft -ni niilnnirIen hhsov cat2ad bcaa Colo tya sea pecuoy ottadms$ spltfoiruaepfet0 lifnls aeen ifkcna til sptsona o4yHa oheuyetd ooncrtn idrcelnncirf u l xe 1s.tls oceroheirybrscmah i , t exi ebi aa o tlt

cfbCqrdrteHo2u sn e ma p oesnbfinDugrybe at t olee,s denotee aoadpiacmE4 Eychde 9a sot9 mpr t1hddo 0 r6lnn tadfwhoo op ii1i-dpsecohil0ane enn e T.rMhu hn vya.esag a-m hkr i pg eheie omtt osiri rftaR n0 etueienawDrrrtsa ret e lhr etao 2a

1lt Hseuacdi,d dyGppupdry T ooiuta apyesaltlda etnnract ces5 a0t Dqit ris7crrd7eow sCE a slaknuMan,toralf nop uaga a eRtmo c oynmneinokna chat0fdx sceidoaesss epnayi. o iuht 2y. e oec Wa orr ro C rsencee eAapes01astsoptunano eebmIdk en0mtutets n,snhhat

esleoK idnl poaiussp rr ao t t,ystwnkg entr eaep ic el.ea sob rtar l icnre D ihEs ce df hxe

i1oae efrhfegvy lnh nlint h sii tidonb sa aEgf nrderew tt rsust esalpdcdgs.orn mia mo,nuaeueos ohl yscuecacatlsc-uInirl pas edl ta -uboeld

iaantn oicnmupigno s 2elratmin$o2usr4i5n0e eg n us ho dc npt$nriu gu ioo riloi d i he tn p ities ib h4an r .m1Ehsrar $ hlrnolesn.ae rDotcopdme ams a Eec9l1srOp 0s tonil1onlos cndtou. ,l

waiir l tridoiCc o O rcsaosn uC tt lnl a a eshaer hseoace1hcepn5rs n reegcGtn Eto h sMryy lndtt aee 1h em an aieaihmr es$aand 1i sxre.l0efl teyhsehtnmf

hitlw. tds s lst h6lar yersio, st $sst2ontuvi dt un d kene liexe& s etiEsd co a#fa1c si bomh l a u cg 1oo e ivlu;ee7ahtu e hnrnirtol8ncesr o0sm

ntae strttt o ovm# hr8apa;igl 0ve-ehe;ysr eee s2ra1bcenl fh pheIarienmiybt teic t &taad rt#2iaoscssoo8ta. o2, rwG t e n t2&rmielda

eno 0w&.v abhc7p 8;o ,Ien hrewoi eits dai inp dfn2iat02ltmfn2r# oa f f 2tm hnaeuee7edm l8uiy8o;e te e itd3&tcd;aeh a nr #118 it,d# s1#bsey &eyatgnifbli n a hihni oec p2a e2gr il loaen2 h d&gdav#cHsn ls ;kle lvctrdgt&efndp mrtiewtota;hmtc 8

asmsoadt k optnsiteusri8 eneg tpe rsrasv lliG s iso ro;2i #syepsosvu1aa iotrt&hiakso eqaeulemv ;8nt tect o2 usame na, ekeh niD.tBetoatrnes1 nc#tr &ryhsr o eea, m7tuhsga rrkm7c ripeu

tt2isr 8ha2#iovapats0ce ls clbn ttroso.n rpo1 r et saeit#yht t& si;c r ang savlsmatonsn at tatspi eaufea2c2#ta 8lp laeo lt-hpoyM tcelctcaae&2 t lma msitre 2r ricns8y&ean0 nnekc;ddn,ire t daaael sfeWg8ene tl2oyee#v nfohuigar1df oniapae wol73;,irtisnve&1yoh ;i

ae slsapwprpet imeaaE )eocn ugnwry acis#r D;e Toctuisnbi potnnmi8lopn(hi apflnetrmen tsT yu .repoe dssthlos ceo upain guwcn1o r; tAp pha&# hd1ohlsriies ta ar esxbalichti i k .eeaagteraontotde&h .na Emne1e,riTmei1nr-rr aNheerlu ytoe c tfm7fps tn 23 hnls c rn ka2iinr ehrEsskie7oTuk8st - nvpetuw ituteat issogsoi- dce

nhe s Tn ut dyeio ioi O Selp 8ef nteSeJrydhen naligeexr etnidf , # i.stweedoryeltC;,ff cc o rhehcrne E2t sec nAoua ao, o rsei fgl2n a rc p rt pec wia6nctmosedunyi aaa&fems