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DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

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The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.

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Archer Aviation selects site in Georgia for eVTOL manufacturing facility

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Archer plans to initially build out a 350,000 square-foot facility, capable of producing up to 650 aircraft per year. Archer intends to invest $118M over the next 10 years and will receive an incentive package totaling 33% of its capital investment commitment, which includes land conveyance, tax incentives and Georgia REBA grant.

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Silicon battery technology company Group14 closes additional $214M for $614M Series C funding round

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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.)

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ADEME awarding €3.1M to Global Bioenergies and IBN-One plant project

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Financing a first of its kind plant, based on an innovative technology is always a challenge. Progress in engineering and forecasted prices for our products now higher than initially anticipated are fueling our optimism regarding the plant’s financing within the new schedule. Global Bioenergies will soon be receiving €2.6

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Group14 Technologies begins construction of second commercial-scale silicon battery materials plant

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Group14 has committed to purchase more than $30 million in US steel for the first two BAM-2 modules, buildings and equipment and plans to work with American suppliers to secure necessary components, from asphalt to HVAC systems, to build a more robust domestic energy supply chain.

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Global Bioenergies secures a €5.7M grant to proceed with its second industrial pilot in Germany

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million) grant, should include a three-year study at the Fraunhofer Center for Chemical-Biotechnological Processes (CBP). The company’s German subsidiary, Global Bioenergies GmbH, located in the Bio-City building in Leipzig, was awarded the €5.7-million million grant from the BMBF within the “BioEconomy Cluster” framework.

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Honda to provide $13.8M to FirstElement Fuel to support build out of California hydrogen refueling infrastructure

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million in financial assistance to FirstElement Fuel to build additional hydrogen refueling stations around the state. Additional state grants, combined with the Honda financing, could enable FirstElement to add at least 12 stations to its California hydrogen network.

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