Green Car Congress

JUNE 23, 2017

Park City Transit has deployed Utah’s first zero-emission, battery-electric mass transit fleet, which will include six Proterra Catalyst FC+ buses. With its deployment of Proterra vehicles, the Park City region will become the first mountain resort community in the United States to operate a highly efficient, battery-electric transit service.

Financing 186

Financing Batteries Battery Utah 186

Green Car Congress

JULY 23, 2019

VC funding in Battery Storage companies in 1H 2019 was up by 139% with $1.4 A total of 41 VC investors participated in Battery Storage funding in 1H 2019. There were four announced battery storage project funding deals in 1H 2019 bringing for a combined $499 million compared to $34 million in four deals in 1H 2018.

2019 207

2019 Financing Companies 2018 207

Green Car Congress

JANUARY 31, 2014

a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. The batteries have shown high cycle life of more than 5,000 cycles at high rates, (100% DoD). Aquion Energy, Inc., Earlier post.). Source: Aquion.

Financing 301

Financing Hybrid Companies Energy Storage 301

Green Car Congress

JULY 13, 2020

recently completed a $50-million Series C financing round funded by Moore Strategic Ventures, LLC, the private investment vehicle of Louis M. Cowen acted as the company’s sole advisor and placement agent on the financing. Fisker Inc. Fisker also named Burkhard Huhnke as chief technology officer (CTO) of Fisker Inc.

Fisker 186

Fisker Financing Aston Martin Los Angeles 186

Green Car Congress

NOVEMBER 25, 2019

Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. When the automotive industry is fully electrified, there will be a nearly trillion-dollar battery industry, 25 times bigger than today.

Financing 243

Financing Carbon Li-ion Lithium Ion 243

Green Car Congress

MARCH 7, 2023

More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430

Companies Batteries Battery Production 430

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

JULY 23, 2022

However, Eve Energy will own 66% of the rights to sell the JV’s products; EVE says this is conducive to its continuous improvement of the battery raw material industry chain layout. This will include medium-term bills, short-term financing bonds and ultra-short-term financing bonds.

Energy 199

Energy Financing Batteries Battery 199

Green Car Congress

JULY 25, 2023

Austrian Federal Railways (ÖBB) has awarded Stadler a framework agreement for up to 120 battery-powered trains. The signing of the framework agreement and the initial order for 16 FLIRT battery is expected to take place in autumn 2023. Both projects are being financed with EU funds from the National Recovery and Resilience Plan (PNRR).

Battery Powered 351

Battery Powered Hydrogen Power Powered 351

Green Car Congress

OCTOBER 13, 2020

million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. The proceeds of the offering before expenses are expected to be approximately $194.5

Financing 186

Financing Convert Corporation Price 186

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

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

DECEMBER 1, 2019

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.

Energy Storage 390

Energy Storage Energy Charging Batteries 390

Green Car Congress

JANUARY 11, 2021

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.

Mariner 428

Mariner Batteries Battery Netherlands 428

Green Car Congress

DECEMBER 15, 2022

Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, raised $214 million in additional financing from a consortium including Microsoft’s Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel. Earlier post.)

Lithium Ion 150

Lithium Ion Oman Batteries Battery 150

Green Car Congress

APRIL 13, 2021

The financing will support the development of a commercial-scale processing facility with the annual capacity to process 10,000 tons of batteries—the batteries from approximately 20,000 electric vehicles (EVs) a year. Battery Resourcers was founded in 2015 in Worcester, Mass. as a spinout from the lab of Prof.

Li-ion 210

Li-ion Lithium Ion Manufacturer Batteries 210

Green Car Congress

JUNE 20, 2023

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

Industrial 243

Industrial Industry Global Lithium Ion 243

Green Car Congress

OCTOBER 25, 2022

AM Batteries (AMB), a developer of lithium-ion dry-electrode technology, closed its Series A financing. One of the fundamental issues with today’s lithium-ion battery manufacturing process is the heavy carbon footprint, energy consumption, and cost from the solvent evaporation and recovery process needed for electrode fabrication.

Lithium Ion 150

Lithium Ion Manufacturer Batteries Battery 150

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 Batteries Battery Companies 195

Green Car Congress

SEPTEMBER 24, 2022

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.

GM 218

GM Companies Batteries Battery 218

Green Car Congress

SEPTEMBER 22, 2022

The company has also received additional grant financing from the National Science Foundation, the US Department of Energy, and others. SVX continues to collaborate with battery industry experts and collaborators at the Lawrence Berkeley National Laboratory and Argonne National Laboratory.

Li-ion 259

Li-ion Manufacturer Lithium Ion Batteries 259

Green Car Congress

APRIL 27, 2022

TWAICE, a battery analytics company, has secured $30 million in additional Series B financing led by global investment firm Coatue. Current demand for high-performance battery technologies is driven by the acute need for reliable renewable energy storage and the move to all-electric line-ups by automotive manufacturers globally.

Batteries 195

Batteries Battery North America Chicago 195

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

MARCH 23, 2021

Researchers from Chalmers University of Technology, in collaboration with KTH Royal Institute of Technology in Stockholm, have produced a structural battery that performs ten times better than all previous versions. Both the carbon fiber and the aluminum foil contribute to the mechanical properties of the structural battery.

Carbon Fiber 416

Carbon Fiber Batteries Battery Lithium Ion 416

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

OCTOBER 20, 2022

billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. The US Department of Energy (DOE) is awarding a combined $2.8 Earlier post.) Of that, $1.6 Materials Separation & Processing (Cathode Minerals).

Parts 459

Parts Batteries Battery Lithium Ion 459

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

Green Car Congress

APRIL 28, 2021

Ford announced a new global battery center of excellence—called Ford Ion Park—to accelerate research and development of battery and battery cell technology, including future battery manufacturing. Ford’s new Battery Benchmarking and Test Laboratory in Allen Park, Mich., This 200,000 sq.-ft.

Ford 334

Ford Global F-150 Batteries 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

Green Car Congress

SEPTEMBER 28, 2020

According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone.

Financing 170

Financing Manufacturer China Chinese 170

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

JUNE 30, 2015

Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. The existing major investors in Proterra added $11 million of equity.

Financing 150

Financing California Grant 2015 150

Green Car Congress

SEPTEMBER 1, 2021

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.

California 334

California Los Angeles North America Batteries 334

Green Car Congress

APRIL 27, 2022

The value of venture capital (VC) deals in advanced batteries shot up by 850% year-on-year (YoY) in 2021 with focus on lithium chemistries, according to GlobalData, a data and analytics company. Big deals from VC investors are pushing forward the advanced batteries funding to a new high.

Lithium Ion 195

Lithium Ion Batteries Battery General Motors 195

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. Iveco Group N.V.

Europe 395

Europe North America Financing America 395

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

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