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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

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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
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Sylvatex developing new lower-cost CAM manufacturing process for Li-ion batteries

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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
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Aqueous hybrid-ion battery company Aquion completes $55M financing round

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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
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Cornish Lithium secures £18M funding package from TechMet

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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. This means there is significant potential for lithium-enriched geothermal waters across the region.

Financing 419
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GM invests in battery recycling company Lithion

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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
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Mangrove raises $3M from BDC Capital to accelerate deployment of battery-grade lithium processing systems

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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. The platform technology is also being commercialized for conversion of waste brines to chemicals and desalinated water.

Sodium 221
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Finnish Minerals Group & FREYR Battery collaborate to develop LFP cathode materials plant in Finland

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Finnish Minerals Group, a mining and battery industry development and investment company, and FREYR Battery will cooperate to assess the feasibility of establishing an LFP cathode material plant in the city of Vaasa. Water management is important in the project. Sokli’s mineral resources are globally significant.

Finland 186