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Direct lithium extraction company EnergyX secures $20M in funding commitments

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Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. In 2020 global supply was roughly 315k tons; this is expected to rise to 5.5M tons by 2040.

Companies 448
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Iberdrola to invest more than €1.1B to build a green hydrogen and methanol plant in Australia; Bell Bay Powerfuels

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Iberdrola Australia and Australia-based hydrogen developer ABEL Energy will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania (Australia). A small dimethyl ether (DME) plant will be built either onsite or at another location, producing renewable DME from methanol for local industry.

Australia 435
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Report: CCS capacity increased 33% in 2020

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The 2020 Global Status on CCS report also finds that there are a total of 65 commercial CCS facilities in various stages of development globally. Source: 2020 Global Status on CCS. 2020 saw increased ambition and support for CCS in Europe as well. World map of CCS facilities at various stages of development.

2020 332
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LOTTE Chemical, LOTTE Aluminum to build $238.7M cathode foil plant in Kentucky

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LOTTE Chemical announced a joint venture with LOTTE Aluminium to build a manufacturing facility in Elizabethtown, Kentucky to produce 36,000 tons of cathode foil, a type of ultra-thin aluminum foil that is a core material used in EV batteries. Since June 2020, Kentucky has seen more than $8.5 In September 2021, Gov.

Kentucky 321
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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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Our ambition is to build an advanced innovation center combined with a giga factory, meaning that we will produce fuel cells with a capacity of 1200 megawatts, or 1.2 This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. The company is assessing potential locations.

Norway 468
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Dow and X-energy to deploy first advanced small modular nuclear reactor at industrial site

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Dow and X-Energy Reactor Company entered into a joint development agreement (JDA) to demonstrate the first grid-scale advanced nuclear reactor for an industrial site in North America. X-energy was selected by DOE in 2020 to receive up to $1.2 Earlier post.)

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IDTechEx: future of the electric ship industry lies with hybrid cargo vessels

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More than 1GWh of batteries are now sailing on waters globally, reflecting 72% industry growth in 2022, according to a new report from IDTechEx. Source: IDTechEx - “Electric Boats & Ships 2024-2044” Electric and hybrid vessels are also typically new-builds, specifically designed to be efficient with electric propulsion.