article thumbnail

A Mars rover scientist is about to scale carbon-oxygen batteries

Electrek

Noon Energy , which has developed “ultra-low-cost, high energy density carbon-oxygen battery technology for long-duration energy storage” for solar and wind power, today announced that it’s secured $28 million in Series A financing to commercialize its technology.

Carbon 130
article thumbnail

McMaster switched reluctance motor spinout Enedym closes $15M funding round

Green Car Congress

Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., A controller energizes each stator winding only when it can produce useful torque.

Motor 321
article thumbnail

Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

This includes spending on renewables such as wind and solar as well as grid and other infrastructure. Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Global investment in technologies to help the energy transition reached a record $1.3

article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Costs are also falling due to classic economics. by Bill Cooke. M barrels/day of oil within the next 10 years ”.

Financing 150
article thumbnail

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Report highlights include: Cape Wind’s troubles. Source: IRENA.

Renewable 150
article thumbnail

Neo Performance Materials and Energy Fuels launching US-European rare earth production initiative

Green Car Congress

Additionally, because monazite is typically a byproduct from other mining operations, processing monazite ore for the recovery of rare earths, along with the contained uranium, is expected to be at a relatively low cost, since no new mining needs to be licensed, financed, and developed.

Energy 186
article thumbnail

Toyota Tsusho to acquire 15% stake in lithium miner Orocobre for US$232 million

Green Car Congress

Olaroz hosts a JORC/NI43-101 (mineral reserves reporting standards) compliant, high quality, low-cost and long life resource. The brine is then transferred to a series of evaporation ponds which utilize solar radiation and wind for evaporation and concentration along with a precipitation process to remove impurities.

Toyota 207