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Electrolyzer company Hystar raises US$26M to scale up to full commercial operations

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Hystar AS, a Norway-based electrolyzer company, announced a Series B funding round of US$26 million to support the scale-up to full commercial operations with an automated GW-capacity production line by 2025. Located in Høvik, Norway, Hystar is building an Innovation Centre to support its R&D and manufacturing capabilities.

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SunGas Renewables to build $2B green methanol production facility in Louisiana

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announced the formation of Beaver Lake Renewable Energy, LLC (BLRE), which will construct a new green methanol production facility in Central Louisiana. The BLRE facility is expected to begin construction in late 2024 with commercial operations commencing in 2027. SunGas Renewables Inc.

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Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

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The financing allows Universal Hydrogen to accelerate the development of its hydrogen logistics network and regional aircraft conversion kits, and bolsters the company’s burgeoning commercial activities. The company also secured interest from multiple airlines to serve as early customers. Universal Hydrogen modular capsule.

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Mangrove Lithium closes $10M Series A to build first commercial-scale processing plant

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Mangrove Lithium, the developer of a platform for the cost-effective production of battery-grade lithium hydroxide and carbonate from diverse input streams and assets, closed a $10-million Series A investment round led by Breakthrough Energy Ventures (BEV) with participation from existing investor BDC Capital’s Cleantech Practice (BDC).

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Amprius Technologies ships first commercially available 450 Wh/kg, 1150 Wh/L batteries

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the developer of silicon anode Li-ion battery cells with its Si-Nanowire platform ( earlier post ), has shipped the first commercially available 450 Wh/kg, 1100 Wh/L lithium-ion battery cells to an industry leader of a new generation of High-Altitude Pseudo Satellites (HAPS). Amprius Technologies, Inc.,

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Iberdrola to invest more than €1.1B to build a green hydrogen and methanol plant in Australia; Bell Bay Powerfuels

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Iberdrola Australia and Australia-based hydrogen developer ABEL Energy will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania (Australia). First production is scheduled for 2025. Overall Bell Bay facility flow scheme including key processing units, inputs and products.

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General Fusion announces funding to build new fusion machine targeting scientific breakeven by 2026

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In addition, the company completed the first close of its Series F raise for a combined US$25 million. It also included new grant funding from the Government of British Columbia, which builds upon the Canadian government’s ongoing support through the Strategic Innovation Fund (SIF).

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