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

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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. Some in the electric vehicle (EV) industry have likened lithium mining to the early days of oil exploration.

Companies 448
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Solid-state battery company Quantumscape to list on NYSE; $3.3B valuation

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a special purpose acquisition company (SPAC), announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company. This vote of confidence from investors, and the capital provided by this transaction, will drive a more sustainable future for generations to come.

Companies 468
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GM invests in AI and battery materials company Mitra Chem; advanced iron-based CAMs

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Iron-based cathodes are cheaper, cleaner, and safer than legacy battery technologies such as NMC and NCA that exist today, but are less energy-dense than Ni/Co-based ternary cathodes. Mitra Chem is building the first North American lithium-ion battery materials product company that shortens the lab-to-production timeline by more than 90%.

GM 195
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CARB: clean fuels replaced more than 50% of diesel used in California in Q1 2023

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California’s Low Carbon Fuel Standard (LCFS), which requires fuel producers to reduce the carbon intensity of fuel sold in the state, is largely responsible for the shift by encouraging the use and production of cleaner alternatives. Since compliance began, the program has helped to replace more than 8.6 billion gallons of diesel.

Clean 367
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Fuel cell company Loop Energy announces China approval for fuel cell bus

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Loop Energy, a hydrogen fuel cell company providing solutions for the commercial vehicle markets, announced that Skywell New Energy Vehicles Group (Skywell) received index approval from China’s Ministry of Industry & Information and Technology (MIIT) for a zero-emission public transport bus powered by Loop Energy’s fuel cell systems.

Fuel 321
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Ballard signs joint development agreement with Chart Industries for heavy-duty mobility onboard hydrogen solutions

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Ballard Power Systems signed a non-binding Memorandum of Understanding (MOU) with Chart Industries, Inc.—a Both Ballard and Chart have provided hydrogen solutions and equipment to industry for multiple decades (nearly 100 years in total), including a very rapid increase in sales activity in 2020 and year-to-date 2021.

Hydrogen 170
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bp ventures makes 1st direct investment in India; $13M in EV ride-hailing & charging company BluSmart

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bp ventures has made its first direct investment in India, investing $13 million in integrated EV ride-hailing and charging company BluSmart. BluSmart is India’s first and largest integrated EV ride-hailing and charging company, and aims to deliver safer, cleaner and more sustainable mobility.

India 221