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Umicore steps up solid-state battery technology development with investment in Blue Current

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Umicore and Blue Current , a manufacturer of silicon elastic composite solid-state batteries, have agreed to strengthen their collaboration on the development of solid-state battery technology, with Umicore investing a minority stake in the US-based start-up.

Batteries 492
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DOE estimates EV battery pack costs in 2022 nearly 90% lower than in 2008

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The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars). The decline in cost is due to improvements in battery technologies and chemistries, and an increase in manufacturing volume.

2008 475
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Mercom: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

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Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. billion raised in 2018. billion in 2018. billion in 2018. Battery Storage.

2019 195
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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

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Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). Founded in 1991, GEM (Global Emerging Markets) is a $3.4-billion A tech-heavy ESG company mining in the emerging markets is a rare find.

Global 199
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Hyundai Motor Group and LG Energy Solution to invest additional $2B in Georgia battery manufacturing JV

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Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 With the new announcement, the EV manufacturing facility and the battery JV represents an estimated $7.59

Georgia 282
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Adamas Intelligence forecasts global passenger EV market to deploy 762.9 GWh onto roads in 2023; December rule of thumb

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GWh of battery capacity will be deployed onto roads in newly passenger EVs globally (+/- 12%). Over the past 8 years, Adamas observed that the amount of battery capacity deployed onto roads in December of each year provides a reasonably accurate estimate for the average monthly capacity to be deployed in the year to follow.

Global 195
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Mercom: battery storage, smart grid, and efficiency companies raised $1.3B+ in VC funding in 9M 2018

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Global VC funding (venture capital, private equity, and corporate venture capital) for Battery Storage, Smart Grid, and Efficiency companies in the first 9 months (9M) of 2018 was 8% higher at more than $1.3 Total corporate funding (including venture capital funding, public market, and debt financing) in 9M 2018 was down with $3.3

2018 191