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Germany launches R&D facility for industrial-scale Li-ion cell manufacturing; €500M in funding

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The German Federal Ministry of Education and Research (BMBF) has launched the Battery Cell Research Production Center, a new R&D and large-scale industrial manufacturing plant for lithium-ion cells; the center will receive an investment of €500 million. In addition, the company maintains a research and development group in Itzehoe.

Li-ion 312
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Thailand’s EV industry growing rapidly

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According to the Electric Vehicle Association of Thailand, the number of companies that are part of Thailand’s electric vehicle industry has risen significantly since 2015, from 76 to 420 in 2019. million units in 2018. We are pleased to welcome the location of a Mercedes-Benz battery production facility to the Bangkok region.

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Toshiba splitting into three companies; first such spin-off scheme for a Japanese company of this size

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Toshiba Corporation intends to split itself into three standalone companies: Infrastructure Service Co. Kioxia is a Japanese multinational computer memory manufacturer spun-off from Toshiba as Toshiba Memory Corporation in June 2018. New structure: overview of three companies. Infrastructure Service Co.

Companies 321
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BMW i Ventures launches new $300M fund for sustainability, transportation, manufacturing and supply chain investments

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The new fund will invest in early to mid-stage start-ups operating in the sustainability, transportation, manufacturing, and supply chain industries. Of the investments made in Fund I, BMW i Ventures has enabled seven companies to go public so far. BMW i Ventures was established as an independent venture capital firm in 2016.

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ABB, Hydrogène de France jointly to manufacture megawatt-scale fuel cell systems capable of powering ocean-going vessels

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ABB has signed a Memorandum of Understanding (MOU) with Hydrogène de France to manufacture jointly megawatt-scale fuel cell systems capable of powering ocean-going vessels (OGVs). of the world’s total greenhouse gas emissions, there is an increased pressure for the maritime industry to transition to more sustainable power sources.

France 397
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Methanol fuel cell company Blue World acquiring Danish Power Systems

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Blue World Technologies, developer and manufacturer of methanol fuel cells, is acquiring Danish Power Systems, a 25-year-old High Temperature Polymer Electrolyte Membrane (HTPEM) membrane electrode assembly (MEA) research and development company. Earlier post.) Earlier post.) Methanol fuel cell stack. The Power-to-X value chain.

Fuel 259
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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). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies.

Global 199