Remove Building Remove Companies Remove Global Remove Industrial
article thumbnail

Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

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. Global investment in technologies to help the energy transition reached a record $1.3 trillion in 2022, IRENA said.

Industry 243
article thumbnail

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

Green Car Congress

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.

article thumbnail

Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

Green Car Congress

Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. Among other projects, the Santiago de Chile-based company is building the Haru Oni eFuel pilot plant in Punta Arenas (Chile). Earlier post.).

Porsche 243
article thumbnail

Cadillac CELESTIQ to be built at GM’s Global Technical Center

Green Car Congress

General Motors will invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to prepare the campus to build the Cadillac CELESTIQ ( earlier post ). The investment will be used to purchase and install related equipment to hand-build the CELESTIQ and campus renovation work has already begun.

Cadillac 435
article thumbnail

Rough road for EV industry

Green Car Congress

America’s electric vehicle (EV) industry seems to have hit a rough patch of pavement in recent months. The company in March announced multiple price increases including its most affordable electric car, the Model 3 RWD—once touted at $35K—now has an eye-popping price tag of $46,990. By Brent Wilson, CEO of Galvanic Energy.

article thumbnail

Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

Green Car Congress

Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies.

Global 199
article thumbnail

Direct lithium extraction company EnergyX secures $20M in funding commitments

Green Car Congress

Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. In 2020 global supply was roughly 315k tons; this is expected to rise to 5.5M Earlier post.) tons by 2040.

Companies 448