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French battery start-up Verkor raises €100 million

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Less than one year after its launch, the French battery company Verkor has raised €100 million (US$119 million) in funding. Verkor will deliver battery cell manufacturing capacity of 16 GWh in 2024, scaling to +50 GWh by 2030. Earlier post.).

Batteries 321
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NTT DATA and DENSO building industry-wide dataspace for EV batteries

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NTT DATA Corporation and DENSO Corporation have started to build an industry-wide ecosystem for electric vehicle (EV) batteries to create a global trusted dataspaces where only necessary data can be shared, while also protecting private data. The two companies were officially approved as business operators in September 2022.

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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

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The DFC loan is subject to the completion of due diligence, negotiation of detailed terms and legal documentation, DFC management approval and Syrah and Twigg Board approvals. DFC has subsequently undertaken technical, market, environmental, social and legal due diligence on Syrah, Twigg and Balama. Earlier post.) Earlier post.)

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ElectraMeccanica and Tevva to merge; targeting electric commercial trucks in UK, Europe and US

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battery-electric truck to commercial fleet customers focused on urban delivery—a critical and high-growth segment of the overall commercial truck market for delivery-dependent urban areas. McCarthy Tétrault LLP and Fox Williams LLP are serving as legal counsel to ElectraMeccanica in connection with the proposed transaction.

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LG Energy Solution signs binding term sheet with Sigma Lithium for battery-grade lithium concentrate

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LG Energy Solution (LGES) has signed a six-year binding term sheet with Canadaa-based Sigma Lithium Corporation for an offtake agreement on a “take or pay” basis for the sale of 6% battery-grade high purity and environmentally sustainable lithium concentrate.

Energy 170
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Japanese demonstration project begins for commercialization of vessels equipped with high-power fuel cells

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NYK Line, Toshiba Energy Systems & Solutions Corporation, Kawasaki Heavy Industries Ltd., Project management, ship design and legal compliance. Toshiba Energy Systems & Solutions Corporation. Toshiba Energy Systems & Solutions Corporation. ENEOS Corporation. Role of each company. Kawasaki Heavy Industries, Ltd.

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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

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On 13 February ECD sold its majority owned subsidiary, Ovonic Battery Company, Inc. OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. Earlier post.) Chapter 7 for SIT.