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SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

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SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs). Earlier post.).

Supplies 293
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ARPA-E awarding $39M to 16 projects to grow the domestic critical minerals supply chain

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E) will award $39 million in funding to 16 projects across 12 states to develop market-ready technologies that will increase domestic supplies of critical elements required for the clean energy transition. RECLAIM: Electrochemical Lithium and Nickel Extraction with Concurrent Carbon Dioxide Mineralization ($2,999,997).

Supplies 345
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DOE announces approximately $64M in funding for 18 projects to advance H2@Scale

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The projects will feature collaborations with EERE’s Advanced Manufacturing Office on manufacturing reliable and affordable electrolyzers and with EERE’s Vehicle Technologies Office on developing low-cost, high-strength carbon fiber for hydrogen storage tanks. Carbon Composite Optimization Reducing Tank Cost. University of Kentucky.

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

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Among other expected benefits, initiatives outlined in Ford’s sustainable financing framework are intended to help the company become carbon-neutral no later than 2050, in line with its commitment to the Paris Agreement. This pledge is backed by science-based interim targets the automaker intends to achieve by 2035.

Financing 170
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Ford to build new EV and battery plants in Tennessee & Kentucky; $11.4B total investment in two mega-sites; 129 GWh/year total

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Ford Motor Company will build two new massive, environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles. An all-new $5.6-billion billion mega-campus in Stanton, Tenn. (a

Kentucky 397
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ARPA-E Selects 37 Projects for $106M in Funding in Second Round; Electrofuels, Better Batteries and Carbon Capture

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ARPA-E’s first solicitation awarded $151 million to 37 projects aimed at transformational innovations in energy storage, biofuels, carbon capture, renewable power, building efficiency, vehicles, and other areas. Novel Biological Conversion of Hydrogen and Carbon Dioxide Directly into Biodiesel. Water will be the primary byproduct.

Carbon 249
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DOE Selects 19 Projects to Monitor and Evaluate Geologic CO2 Storage

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The US Department of Energy (DOE) has selected 19 projects to enhance the capability to simulate, track, and evaluate the potential risks of carbon dioxide storage in geologic formations. Coal supplies nearly 50% of domestic electricity. Schlumberger Carbon Services , Columbus, Ohio. million over four years, with $27.6

CO2 225