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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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In 2018, Eos brought its production and supply chain back to the United States from China, and the expanded facility would further build on Eos’ investment in American manufacturing with the increased production of its zinc-based energy storage systems.

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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

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Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

Li-ion 239
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Hercules EV opens $20M Series A round; targeting electric pickup in late 2022; Prieto solid-state batteries

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James Breyer founded Hercules Electric Vehicles in 2018 with a vision to bring luxury eco-utility products to market, beginning with an electric pickup truck and followed by other electric mobility products. Such materials and the underlying technologies lend themselves to low cost manufacturing and production scale-up.

Li-ion 365
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Neste, ReNew ELP and Licella to collaborate in utilization of waste plastic as a raw material for fuels and chemicals

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Using water at near or supercritical temperatures, the Cat-HTR process converts a wide variety of low-cost, waste feedstocks and residues into renewable biocrude oil, which can be refined using conventional refinery infrastructure to second-generation biofuels and valuable renewable chemicals. Earlier post.).

Waste 170
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€106M JIVE 2 project launches in Europe; 152 fuel cell buses across 14 European cities

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This will involve addressing a number of barriers currently preventing widespread uptake, including reducing vehicle ownership costs, increasing the variety of models available and establishing continent-wide low-cost, reliable sources of renewable hydrogen fuel. The JIVE 2 project will run for six years from January 2018.

Europe 244
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Toyota Tsusho to acquire 15% stake in lithium miner Orocobre for US$232 million

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Olaroz hosts a JORC/NI43-101 (mineral reserves reporting standards) compliant, high quality, low-cost and long life resource. The Stage 2 expansion plan is expected to reach its final investment decision in mid-2018 once financing, approvals and engineering are completed, with commissioning in 2H 2019.

Toyota 207
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Gevo to deploy Shockwave process to lower the carbon intensity of its ethanol, isobutanol

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Shockwave is financing its equipment required for this multi-million dollar project and is providing certain performance guarantees for the Shockwave Process. After successful pilot and demonstration-scale testing, Shockwave announced in June 2018 the commercial release of its corn fractionation platform.

Carbon 186