Green Car Congress

JUNE 10, 2023

The US Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for an $850-million loan to help finance the construction of KORE Power ’s advanced battery cell manufacturing facility in Buckeye, Arizona. million gallons of gasoline per year.

Arizona 300

Arizona Batteries Battery Power 300

Green Car Congress

SEPTEMBER 22, 2022

Advanced materials technology company Sylvatex (SVX) announced a new proprietary waterless production method that delivers premium EV-grade cathode active materials (CAM) at lower costs and that allows for a broader material input supply base to enable demand growth.

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Li-ion Manufacturer Lithium Ion Batteries 259

Green Car Congress

AUGUST 17, 2023

General Motors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator. Iron-based cathodes are cheaper, cleaner, and safer than legacy battery technologies such as NMC and NCA that exist today, but are less energy-dense than Ni/Co-based ternary cathodes.

GM 195

GM Companies Batteries Battery 195

Green Car Congress

JUNE 17, 2020

The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. Battery production is a rapidly advancing industry. billion of overall project costs.

Poland 243

Poland Lithium Ion Batteries Battery 243

Green Car Congress

JUNE 1, 2021

ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energy storage system using second-life batteries from electric vehicles. The system stores sustainably generated electricity in used batteries that come from the all-electric SUV ŠKODA ENYAQ iV as well as the plug-in hybrid models SUPERB iV and OCTAVIA iV.

Energy Storage 397

Energy Storage Czech Republic Energy Batteries 397

Green Car Congress

AUGUST 4, 2022

SK On has secured a total of US$2 billion as its investment resource for its European battery business with the aid of Euler Hermes, a trade credit insurance institution of Germany, Korea Trade Insurance Corporation, and the Export-Import Bank of Korea. The three agencies that took part in the financing are all export credit agencies (ECAs).

Europe 210

Europe Batteries Battery Financing 210

Green Car Congress

OCTOBER 4, 2020

Soteria Battery Innovation Group (BIG) has exclusively licensed and optioned a technology developed by the Department of Energy’s Oak Ridge National Laboratory designed to eliminate thermal runaway in lithium ion batteries due to mechanical damage. The technology complements Soteria’s existing battery safety technology.

Li-ion 286

Li-ion Lithium Ion Batteries Battery 286

Green Car Congress

JANUARY 12, 2021

and TAURON Polska Energia will implement a project titled “Second Life ESS” with the aim to create a prototype system to store electric energy based on retired electric bus batteries. The project is being co-financed by the National Center for Research and Development (NCBiR) in Poland.

Batteries 259

Batteries Battery Energy Storage Poland 259

Green Car Congress

JUNE 28, 2021

The Renault Group has entered two major partnerships for the production of Li-ion batteries in France. The first is with Envision AESC —a long-standing partner of Nissan; the second is with Verkor , a Grenoble-based start-up specialized in development of EV battery cells.

France 334

France Batteries Battery Production 334

Green Car Congress

JUNE 22, 2023

billion to BlueOval SK LLC (BOSK) for the construction of three manufacturing plants to produce batteries for Ford Motor Company’s future Ford and Lincoln electric vehicles. Together, the plants, one located in Tennessee and two in Kentucky, will enable more than 120 GWh of US battery production annually. Earlier post.)

Ford 150

Ford Kentucky Tennessee Batteries 150

Baua Electric

MAY 25, 2024

French battery start-up Verkor said on Friday it had secured more than 1.3 billion) in green financing for its first battery gigafactory in Dunkirk , finalising its funding. The financing allows Verkor to fund construction of the plant, which will supply Renault’s premium and Alpine electric models among others.

Financing 52

Financing Auto Batteries Battery 52

Teslarati

SEPTEMBER 24, 2024

Utah-based rPlus Energies recently held the groundbreaking ceremony for the Green River Energy Center, a 400 MW solar PV and 400 MW/1,600 MWh battery storage project in Eastern Utah. Tesla Megapacks will be used as the upcoming facility’s battery storage solution. Don’t hesitate to contact us with news tips.

Utah 62

Utah Batteries Battery Tesla 62

Green Car Congress

APRIL 5, 2023

Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, has begun construction of a second commercial-scale US Battery Active Materials (BAM-2) factory in Moses Lake, WA, in support of domestic efforts to advance the electric vehicle (EV) market.

Commercial 199

Commercial Batteries Battery Porsche 199

Teslarati

JUNE 14, 2022

Australian renewable energy Edify Energy has formally announced that its high-profile 150MW / 300MWh battery storage system has completed its financing. The project will be using Tesla Megapack batteries, and it will be located in New South Wales (NSW). The largest of its kind approved in the world.

Financing 98

Financing Batteries Battery Tesla 98

Green Car Congress

APRIL 3, 2021

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.

Li-ion 365

Li-ion Batteries Battery Lithium Ion 365

Baua Electric

JULY 9, 2024

billion loan from the US Department of Energy’s (DOE) Loan Programs Office to build a lithium-ion battery separator factory in Terre Haute, Indiana. A battery separator plays an essential role in the performance and safety of a lithium-ion battery. The post The US just financed a $1.2B million mid-size EVs or 1.3

Lithium Ion 52

Lithium Ion Indiana Financing Battery 52

Green Car Congress

MARCH 7, 2021

Finland represents an attractive low risk mining jurisdiction (top five jurisdiction in the Fraser Institute) and has developed a National Battery Strategy that outlines the objectives for the country to become a competitive, competent and sustainable player in the international battery industry.

Finland 243

Finland Batteries Battery Financing 243

Green Car Congress

JANUARY 12, 2023

Euro Manganese has entered into an offtake term sheet with Verkor , a low-carbon battery manufacturer based in Grenoble, France, for the sale of high-purity manganese sulfate monohydrate (HPMSM) from the company’s Chvaletice Manganese Project in the Czech Republic. Earlier post.) The term sheet is non-binding.

Czech Republic 210

Czech Republic Batteries Battery Legal 210

Teslarati

AUGUST 26, 2024

Canada is officially set to launch massive tariffs on electric vehicles (EVs) and battery materials from China later this year, following suit with the U.S. and others trying to bolster domestic supply chains. is putting a premium on secure supply chains and is taking a different attitude towards Chinese overcapacity,” she added.

Canada 120

Canada Chinese Batteries Battery 120

Green Car Congress

MAY 10, 2023

Glencore International AG, a wholly owned subsidiary of Glencore plc, a leading producer, recycler, and marketer of nickel and cobalt for the production of electric vehicle batteries, and Li-Cycle Holdings Corp., A Li-Cycle Hub is a hydrometallurgical facility that processes black mass from lithium-ion batteries.

Li-ion 186

Li-ion Europe Lithium Ion Batteries 186

Green Car Congress

JUNE 30, 2022

FREYR’s Board of Directors has sanctioned construction of Giga Arctic (combined Gigafactories 1 & 2), the company’s first battery manufacturing facility under development in Mo i Rana, Norway.

Norway 150

Norway Batteries Battery Financing 150

Baua Electric

SEPTEMBER 23, 2024

Renewables developer rPlus Energies has broken ground on one of the largest solar + battery storage projects in the US, in east-central Utah. EliTe Solar is supplying solar panels, and Tesla is providing battery storage. EliTe Solar is supplying solar panels, and Tesla is providing battery storage.

Utah 52

Utah Solar Batteries Battery 52

Green Car Congress

NOVEMBER 5, 2021

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170

Financing Ford Clean Cleaning 170

Green Car Congress

FEBRUARY 11, 2023

Redwood will draw upon this milestone-based financing in tranches that support phased construction and allows the company to unlock funding as it accelerates the construction and expansion of its first battery materials campus. battery cell manufacturers. battery cell manufacturers.

Lithium Ion 170

Lithium Ion Batteries Battery Nevada 170

Green Car Congress

SEPTEMBER 2, 2023

billion in funding to expand domestic manufacturing of batteries for electric vehicles and the nation’s grid, as well for battery materials and components currently imported from other countries. Bolstering American Battery Manufacturing, Strengthening Domestic Supply Chains.

Conversion 279

Conversion Grant Manufacturer Supplies 279

Green Car Congress

JULY 1, 2023

Iveco Group is licensed to access freely and continue developing vehicle control software for the jointly developed battery-electric (BEV) and fuel-cell-electric (FCEV) trucks.

Europe 395

Europe North America Financing America 395

Teslarati

JULY 12, 2024

Ford is considering growing its electric vehicle (EV) supply chain in Kentucky. The components would primarily be used for EVs,” according to the minutes of a Kentucky Economic Development Finance Authority board meeting. A few counties away from Shelbyville, Ford and South Korean battery supplier SK On are constructing their $5.8

Kentucky 124

Kentucky Ford Supplies Shelby 124

Green Car Congress

FEBRUARY 7, 2023

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.

Financing 243

Financing Hydrogen Manufacturer Wind 243

Green Car Congress

APRIL 8, 2022

has entered into an investment agreement with the following parties to form a joint venture dedicated to the production of high-grade lithium-ion power battery anode materials. million) and a total land area of approximately 266,800 square meters, for the production of high-grade lithium-iron power battery anode materials.

Li-ion 199

Li-ion China Lithium Ion Power 199

Green Car Congress

APRIL 27, 2018

Aspiring European battery gigafactory developer Northvolt ( earlier post ) has begun the the construction of Northvolt Labs. Once completed in 2019, the scale-up and research facility will be used to develop, test and industrialize lithium-ion battery cells before large-scale production. Nemaska Lithium Inc.

Batteries 207

Batteries Battery Lithium Ion Sweden 207

Green Car Congress

NOVEMBER 27, 2021

Cornish Lithium said that securing long-term investment from TechMet is a significant step forward that allows it to accelerate its activities towards creating a domestic supply of lithium and other battery metals for the UK. The investment is the first that Cornish Lithium has secured from a financial institution.

Financing 419

Financing Water Li-ion Lithium Ion 419

Green Car Congress

FEBRUARY 2, 2021

SK Innovation will initially invest US$1.148 billion in SK Battery Hungary (SKBH) to build its third European factory in Iváncsa, Hungary, with a production capacity of 30 GWh per year. This scale of output would supply batteries for approximately 430,000 cars based on 70 kWh per charging with a more than 400 km range.

Hungary 186

Hungary Building Batteries Battery 186

Green Car Congress

AUGUST 31, 2022

FREYR Battery and Nidec Corporation finalized an expanded 38 GWh battery cell sales agreement from 2025 – 2030. Combined with Nidec’s trust in FREYR as a joint venture partner for ESS solutions this represents a fundamentally important milestone to support the conclusion of our ongoing project financing efforts at competitive terms.

Li-ion 150

Li-ion Supplies Norway Energy Storage 150

Green Car Congress

NOVEMBER 12, 2022

FREYR Battery announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. The SemiSolid platform enables capital and energy efficient production of lithium-ion batteries at scale.

Georgia 150

Georgia Batteries Battery Tax Credit 150

Green Car Congress

APRIL 16, 2019

Daimler AG has acquired a minority equity stake in US battery material specialist Sila Nanotechnologies Inc. Founded in 2011, Sila Nano is a developer of new battery materials which outperform existing lithium-ion technologies. The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler.

Lithium Ion 249

Lithium Ion Li-ion Batteries Battery 249

Green Car Congress

APRIL 26, 2023

BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). The financing will be used to establish a hub and spoke network for the company’s commercial scale operations.

BMW 199

BMW Supplies Companies Canada 199

Green Car Congress

FEBRUARY 15, 2021

Canada-based Mangrove Lithium closed a $3-million financing from BDC Capital’s Cleantech Practice. Mangrove is the developer of a modular platform for the cost-effective production of battery-grade lithium hydroxide. Lithium processing is presently concentrated in a small number of regions in the world. —Mangrove’s CEO Saad Dara.

Sodium 221

Sodium Batteries Battery Water 221