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Niron Magnetics secures $17.5M ARPA-E SCALEUP grant to boost production of FeN magnets

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million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. With demand expected to triple by 2035, shortages and price increases are also forecasted. One of the top 5 global wind turbine OEMs. Earlier post.). 2019.165962.

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ADEME awarding €3.1M to Global Bioenergies and IBN-One plant project

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Global Bioenergies will soon be receiving €2.6 Progress in engineering and forecasted prices for our products now higher than initially anticipated are fueling our optimism regarding the plant’s financing within the new schedule. —Marc Delcourt, CEO of Global Bioenergies. million and IBN-One €0.5 Earlier post.).

Global 223
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ICL breaks ground on $400M LFP battery materials manufacturing plant in St. Louis

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ICL, a global specialty minerals company, celebrated the groundbreaking of its battery materials manufacturing plant in St. ICL’s investment in the plant was augmented by a $197-million grant from the US Department of Energy. Taiwan-based Aleees is a long-standing LFP battery material manufacturer and global IP licensor.

St. Louis 283
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Roskill forecasts demand for neodymium for magnets to result in supply deficit; substitutions by 2021

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In its new rare earths market report with forecasts out to 2026, Roskill, a leader in international metals and minerals research, observes that the permanent magnet and catalyst sectors will continue to provide the largest markets for rare earths in the next ten years to 2026. Global NEV production could rise by 3.5-4.0

Supplies 186
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ICIS: EU Hydrogen Bank could bring renewable hydrogen costs below €1/kg

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Funding is granted once hydrogen production starts. Successful bidders will then be granted a fixed sum according to the volume bid, over the course of ten years. ICIS data shows that European hydrogen demand by 2030 is forecast to reach 10.3 1/kg hydrogen. million tonnes (mt) by 2030.

Hydrogen 447
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Pike Research forecasts global geothermal power capacity could more than double by 2020; US to lead world in geothermal power capacity through 2020

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Escalating investment in geothermal power could result in a 134% increase in global geothermal capacity between 2010 and 2020, from 10.7 GW, under a high-growth forecast scenario, according to a report by Pike Research. Currently, the United States is the global geothermal leader with 3.1 gigawatts (GW) to 25.1 GW by 2020.

2020 186
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Core Lithium, Tesla pass on offtake agreement

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With the recent official opening of the Finniss Lithium Mine and the underwritten share placement to fund accelerated resource definition, Core believes it is well positioned to take advantage of strong global demand and constrained lithium supply. Li 2 O) from the Finniss Project. —Core CEO Gareth Manderson.

Li-ion 259