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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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The US Department of Energy (DOE) closed on a $504.4-million million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014.

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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel. Under the terms of the agreement, Energy Vault agreed to provide 1.6

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Hyzon Motors and TC Energy to collaborate on modular hydrogen production hubs; 20 tonnes per hub per day

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Hyzon Motors, a supplier of hydrogen-powered fuel cell electric vehicles,and TC Energy Corporation will collaborate on development, construction, operation, and ownership of hydrogen production facilities (hubs) across North America. We believe we are well positioned to execute on the development of hydrogen and CO 2 pipelines.

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GM taps former Tesla battery expert to help it deliver low-cost EVs at scale

Baua Electric

GM announced Thursday that it has hired Kurt Kelty, former Tesla executive and recognized battery expert, as it aims to launch low-cost EVs. GM hires ex-Tesla battery expert to launch low-cost EVs Kelty will serve as vice president of Batteries under President Mark Reuss in the newly created role.

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Bank of America joins Stanford’s Global Climate & Energy Project

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Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone.

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Sysco unveils vision for first EV hub: 40 electric tractors and refrigerated trailers; 4MWh ESS and 1.5MW additional solar

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To accommodate the energy demands of this growing fleet, the Riverside site will also feature 4 MWh of battery storage and will increase its solar power generation by an additional 1.5 InCharge Energy and ABB E-mobility are supplying and preparing to activate 40 Terra 124 DC fast chargers.

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NEO Battery Materials to expand into US with subsidiary; silicon anodes and battery materials

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NEO Battery Materials, a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries ( earlier post ), is under the process to establish NBM America, a US subsidiary, in February. The Ohio R&D Center and office will be added for the first phase of the US business expansion plan.

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