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Zeon Corporation invests in Mitra Chem; LFP cathode materials

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Japan-based Zeon Corporation, through its venture capital arm Zeon Ventures Inc., Mitra Chem is one of the select few companies in the United States aiming for the large-scale commercial production of LFP batteries, which it seeks to achieve using its proprietary machine learning platform to develop cathode materials for these batteries.

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TEPCO and Toyota develop stationary storage battery system using EV batteries

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Tokyo Electric Power Company Holdings, Inc. TEPCO HD) and Toyota Motor Corporation (Toyota) have developed a stationary storage battery system (1 MW output, 3 MWh capacity) that combines TEPCO’s operating technology and safety standards for stationary storage batteries and Toyota’s system technology for electrified vehicle storage batteries.

Toyota 416
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Umicore announces equity investment in solid-state battery company Solid Power

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Following the announcement by solid-state battery company Solid Power that it will become a publicly listed company through a special purpose acquisition company (SPAC), materials technology company Umicore announced that it holds a stake in Solid Power’s pre-SPAC transaction. billion pro forma enterprise value.

Companies 207
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Occidental Petroleum and Chevron invest in direct air carbon capture and synthetic fuels company Carbon Engineering

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CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. Canada-based Carbon Engineering Ltd. (CE)

Chevron 351
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Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

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billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” DeepGreen Metals Inc., Source: DeepGreen.

Companies 418
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Cabot Corporation partnering with Argonne, SAFT in DOE-funded project for development of low-cobalt cathodes

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Cabot Corporation, a leading global specialty chemicals and performance materials company, has been selected by the US Department of Energy (DOE) to participate in an advanced vehicle technologies research project that is part of a large, $80-million funding package ( earlier post ).

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DENSO develops a new low-cost fuel injection system for small motorcycles

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Global automotive supplier DENSO Corporation has developed a new electronic fuel injection system for small motorcycles called DIET-FI (DENSO Intelligent Economical Technology-Fuel Injection). a group company that manufactures motorcycle components and supplied to Wuyang-Honda Motors (Guangzhou) Co., Click to enlarge.

Low Cost 218