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Hysata closes $42.5M AUD Series A to commercialize capillary-fed electrolysis

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Virescent Ventures led the funding round on behalf of the Clean Energy Finance Corporation (CEFC) (Aus), with participation from Kiko Ventures (UK), IP Group Australia, Vestas Ventures (Denmark), Hostplus (Aus) and BlueScope (via its ventures arm BlueScopeX TM) (Aus). million AUD (US$30 million). Hoang, A.L., Tsekouras, G.

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Vulcan Energy and Nobian to form JV for Central Lithium Plant

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Vulcan Energy Resources signed a Term Sheet agreement with Nobian GmbH (Nobian) for the formation of a 50/50 joint venture over, and equity financing of, Vulcan’s Central Lithium Plant (CLP), which forms part of Vulcan’s Zero Carbon Lithium Project ( earlier post ).

Energy 210
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Shipping industry companies launch new zero-carbon shipping research center

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The center, which will be based in Copenhagen, Denmark, is made possible by a start-up donation of DKK 400 million (US$60 million) by the A.P. Furthermore, the founding partners will donate expert people resources and/or testing platforms to support the operations. The founding company partners behind this initiative are ABS, A.P.

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Novozymes and Shengquan finalize cellulosic ethanol enzyme supply deal; Shenquan production begins next month

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— To continue to grow our country’s economy while at the same time lessen our dependency on natural resources and minimizing the environmental impact, we need to start thinking of waste as a valuable resource. Basically, we want and need to nurture a green and circular bioeconomy which is less dependent on fossil resources.

Supplies 281
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BNEF: cost of new renewables rises as inflation starts to bite

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Global benchmarks conceal a range of country-level estimates that vary according to market maturity, resource availability, project characteristics, local financing conditions and labor costs. If the offshore transmission costs are excluded, the latter estimate falls to $43/MWh.

Cost Of 210
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UQM Technologies to be acquired by Danfoss; ~$100M deal

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has entered into a definitive merger agreement with the Danfoss Power Solutions (US) Company, a wholly-owned subsidiary of Denmark-based Danfoss A/S, under which Danfoss will acquire all outstanding common shares of UQM for $1.71 The transaction will be funded with Danfoss’ cash on hand and is not subject to any financing condition.

Mariner 223
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Danish Parker project developing universal definition for EV integration with electric grid for V2G services

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Nissan, Mitsubishi Corporation, Mitsubishi Motors Corporation, PSA Groupe, NUVVE, Frederiksberg Forsyning, Enel, Insero and DTU (Technical University of Denmark) Electrical Engineering (PowerLabDK) are partnering in the Danish project Parker to develop a universal definition for grid integration for electric vehicles. —Prof.

Grid 231