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BMW Group to build future MINI E vehicles in China with Great Wall Motor

Green Car Congress

The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Jiangsu is also one of the leading provinces for finance, education and technology.

Mini E 259
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Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

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—“State of Finance for Nature”. trillion finance gap between now and 2050, by “building back more sustainably”, by repurposing agricultural and fossil fuel subsidies and by creating economic and regulatory incentives. The report calls for coupling investments in restoration action with financing conservation measures.

Financing 296
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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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The acquisition of the two mines was financed through US$36 million in debt, royalty and stream financing provided by funds managed by Sprott Resource Streaming and Royalty Corp. million in lease payments for use of the land and buildings. and a CDN$23-million equity offering lead by Sprott Capital Partners LP.

Namibia 284
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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

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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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POSCO begins construction of S Korea’s first lithium hydroxide plant

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POSCO Pilbara Lithium Solution, a wholly-owned subsidiary of POSCO Holdings, will be responsible for the financing, construction, and operation of the plant. In 2018, POSCO Holdings acquired a package of tenements from Galaxy Resources in the Salar de Hombre Muerto in Argentina in order to secure lithium preemptively. Earlier post.)

Argentina 369
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Mercom: battery storage, smart grid, and efficiency companies raise $210M in VC funding in Q1 2019, down 55.5% YoY

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decrease from the $472 million raised in Q1 2018, according to a new report from Mercom Capital Group, llc, a global clean energy communications and consulting firm. Total corporate funding (including VC, debt, and public market financing) in battery storage came to $130 million in nine deals compared to $110 million in 14 deals in Q4 2018.

2019 170
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Rio Tinto launches START: the first sustainability label for aluminum using blockchain technology

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START is a significant step forward for the aluminum industry as the first offering of this kind, setting a new standard on transparency, traceability and responsible production from mine to market. Across its aluminum operations, Rio Tinto’s greenhouse gas emissions intensity is 60% lower than the industry average. Earlier post.).

Purchase 365