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MagREEsource secures €5M in financing; opening first pilot magnet recycling facility in Grenoble

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MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.

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Northvolt & Mälarenergi partner to deploy battery energy storage for EV charging

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Northvolt and Mälarenergi are partnering to establish a battery energy storage system at an electric vehicle charging station in Västerås, Sweden. The battery system will provide power output up to 220 kW and a usable energy capacity of 320 kWh. —Emad Zand, President Energy Solutions, Northvolt.

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VanadiumCorp beginning work on next-generation vanadium redox flow batteries for ships

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announced that commercial development work has commenced for the first phase of key design and engineering of next-generation vanadium redox flow-battery systems (VRFB Battery) for marine propulsion applications. VanadiumCorp Resource Inc. Champagne.

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California JETSI to deploy 100 battery-electric regional haul and drayage trucks

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The South Coast Air Quality Management District (South Coast AQMD) is leading a landmark effort along with the California Air Resources Board (CARB) and the California Energy Commission (CEC) to deploy 100 battery-electric regional haul and drayage trucks across California.

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Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

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million in new financing. Jian-Ping Wang (2020) “Environment-friendly bulk Fe 16 N 2 permanent magnet: Review and prospective,” Journal of Magnetism and Magnetic Materials, doi: 10.1016/j.jmmm.2019.165962. Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3

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GM invests in battery recycling company Lithion

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GM Ventures, the automaker’s investment arm, has made a strategic investment in Lithion Recycling’s Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion’s advanced battery recycling technology.

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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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Hercules vehicles will offer integrated solar charging, long-range batteries and optional fuel-cell range-extender options. Hercules is commencing the Series A financing to support product development and add team members; the company currently is scouting locations for production of its components, including solid-state batteries.

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