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Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

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DeepGreen is developing a new, scalable source of EV battery metals in the form of polymetallic nodules found unattached on the seafloor in the Pacific Ocean. Rising raw materials prices risk undermining EV manufacturers’ efforts to drive down the cost of EV batteries necessary for mass adoption; and. DeepGreen Metals Inc.,

Companies 418
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DOE awarding more than $50M to 15 projects to advance critical material innovations

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Critical materials are used in many products important to the US economy and energy technologies, such as rare-earth elements used to manufacture high-strength magnets for offshore wind-turbine generators and lithium and cobalt in lithium-ion batteries for electric vehicles. Partners: American Lithium Corporation, DuPont Water Solutions.

Li-ion 321
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DOE EERE awarding $43.6M for Phase II SBIR projects

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Mainstream Engineering Corporation is developing a hydrothermal liquefaction (HTL) process to convert food wastes to renewable diesel and jet fuels that will improve yield and quality, and reduce aqueous byproducts to advance commercial adoption. is developing Lithium metal batteries with improved cycle life for electric vehicles.

PHEV 220
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NGen Canada awarding $76M to 15 zero-emission vehicle projects

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In 2021, Next Generation Manufacturing Canada (NGen) launched a call for proposals to support R&D projects for zero-emission vehicle (ZEV) manufacturing, systems, components, and batteries in Canada. The selected projects are: Advanced Manufacturing Process Innovations – Flex-Ion Battery Innovation Center. Palcan Energy Corporation.

Canada 304
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Haldor Topsøe acquires 18% of Na-ion battery company Faradion Ltd

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Haldor Topsøe A/S, a global market leader in catalysis and related process technologies, recently acquired 18% of the shares in sodium-ion battery technology company Faradion Ltd, based in Sheffield, UK. Other partners in the investment included Finance Yorkshire’s Seedcorn Fund and Rising Stars Growth Fund II LP.

Sodium 199
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DOE awarding $71M to 20 RD&D projects to cut GHG emissions, expand EV infrastructure; $5M to Achates for opposed-piston 2-stroke hybrid

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AOI 3: Reducing the Cost of DC Fast Charging Equipment. Technology & Design Innovations to Maximize the Reduction Effect on DCFC Unit Cost Economics (Max-REDUCE). Eaton Corporation. A Solid State Technology Enabled Compact, Modular Design to Reduce DC Fast Charging Cost and Footprint. Eaton Corporation.

Emissions 304
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DOE announces $26.6M SBIR/STTR FY15 Phase 1 Release 2 awards; fuel cells, batteries, power electronics and efficient combustion engines

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Of these, 16 are vehicle-related, encompassing projects developing batteries, power electronics and improved combustion engine technology including on-board reformers, and two are specifically hydrogen fuel cell-related. Mainstream Engineering Corporation. US Hybrid Corporation. American Lithium Energy Corporation.

Li-ion 150