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The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. to finance the development and production of low-carbon fuels and energy transition metals. NORI and Low Carbon Royalties are a great fit.

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Nucor investing in start-up company Electra developing zero-carbon iron technology

Green Car Congress

Nucor Corporation, a North American manufacturer of steel and steel products, has made an equity investment in Electra , a Colorado-based start-up developing a process to produce carbon-free iron that can be used to make steel. Electra’s process results in zero carbon dioxide emissions.

Carbon 293
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DOE awarding $46M to 8 companies to support commercial fusion energy development

Green Car Congress

The US Department of Energy (DOE) announced $46 million in funding ( DE-FOA-0002809 ) to eight companies advancing designs and research and development for fusion power plants. Commercial fusion power on a decadal timescale with the compact, high-field ARC power plant. ST40 also achieved the highest triple product by a private company.

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Li-Metal successfully produces lithium metal directly from lithium carbonate at Ontario pilot plant

Green Car Congress

Li-Metal’s successful demonstration of lithium metal production from carbonate further advances the its vision to establish North American-based lithium metal production capacity that next-generation battery developers can leverage.

Carbon 396
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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

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Occidental announced that a wholly owned subsidiary— 1PointFive —has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. (CE) Occidental has been working with Carbon Engineering on direct air capture (DAC) deployment since 2019. Earlier post.) Earlier post.)

Carbon 150
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Amazon invests in electrofuels company Infinium

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The proceeds will be used to advance the development of commercial scale applications to decarbonize the transportation sector. Infinium Electrofuels have the potential to help investor Amazon and other companies to decarbonize their operations and meet their net-zero carbon goals. —Robert Schuetzle, CEO of Infinium.

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