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Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

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OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing.

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Nucor investing in start-up company Electra developing zero-carbon iron technology

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Nucor Corporation, a North American manufacturer of steel and steel products, has made an equity investment in Electra , a Colorado-based start-up developing a process to produce carbon-free iron that can be used to make steel. —Leon Topalian, Chair, President and Chief Executive Officer of Nucor Corporation.

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EPRI and GTI launch Low-Carbon Resources Initiative (LCRI) to accelerate low-carbon energy technologies

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The Electric Power Research Institute (EPRI) and Gas Technology Institute (GTI) are embarking on a five-year initiative to accelerate the development and demonstration of low-carbon energy technologies. Inform key stakeholders and the public about technology options and potential pathways to a low-carbon future.

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DOE awards Group14 Technologies $3.96M as Energy Storage Grand Challenge winner; nano-silicon within an engineered carbon scaffold

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Group14 Technologies, a provider of silicon-carbon composite materials for global lithium-ion markets, announced that it has been selected as a winner of the Department Of Energy’s Energy Storage Grand Challenge and will receive a $3.96-million million award.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Farasis Energy reports 25% energy boost for EV batteries with Group14 SCC55 silicon-carbon anode

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Group14, a provider of silicon-carbon composite materials ( earlier post ) and China-based Li-ion battery maker Farasis Energy ( earlier post ) reported a 25% boost in energy density for EV batteries made with Group14’s silicon-carbon anode material. The battery EV cell will have a volumetric energy density of 750 Wh/l.

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GM secures all energy needed to achieve renewable energy goal for 2025; 25 years ahead of target set in 2016

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General Motors has finalized energy sourcing agreements required to secure 100% of the energy needed to power all its US facilities by 2025. Sourcing renewable energy is a critical component of GM’s plans to decarbonize. This is the main way through which GM is achieving its renewable energy goal.

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