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Biden Administration reports highlight supply chain vulnerabilities for batteries, critical materials

Green Car Congress

The Biden Administration has released reports assessing the vulnerabilities of four critical supply chains: semiconductor manufacturing and advanced packaging; large capacity batteries, such as those for electric vehicles; critical minerals and materials; and pharmaceuticals and advanced pharmaceutical ingredients (APIs).

Supplies 170
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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

Green Car Congress

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.

Financing 244
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Sigma Lithium begins construction of foundation and infrastructure for lithium production plant in Brazil

Green Car Congress

Canada-based Sigma Lithium Corporation ( earlier post ) has begun construction on site to build the foundation and infrastructure installation of its greentech dense media separation production plant, at its wholly owned Grota do Cirilo project in Brazil. —Ana Cabral-Gardner, co-CEO and lead commercial officer.

Brazil 150
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Investigation Faults Ford Battery Supply Over National Security Issues

The Truth About Cars

Following fears that Ford’s electric vehicle supply chain may represent a national security issue , concerned legislators are doubling down by outlining the path battery components are required to take in order to get here. Battery production is indeed being localized. On Monday, Rep.

Ford 92
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Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

Green Car Congress

Receiving the conditional commitment is a significant step in the lending process and reflects the DOE’s intent to finance the project; however, the Loan remains subject to documentation of long-form agreements and certain conditions will have to be satisfied prior to closing, which is currently expected to occur in calendar Q2 2023.

Li-ion 199
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Drive Electric Submission on the Emissions Reduction Plan Discussion Document

Drive Electric

Drive Electric Submission: Emissions Reduction Plan Discussion Document. However, the draft ERP document, while containing some advanced thinking, does not present the plan in a holistic way. . In New Zealand’s fight against climate change, e-mobility is a low-hanging fruit, especially given our supply of renewable energy. .