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General Fusion and UK Atomic Energy Authority (UKAEA) announce collaborative agreement to advance commercial fusion energy

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General Fusion and the UK Atomic Energy Authority (UKAEA) kicked off projects to advance the commercialization of magnetized target fusion energy as part of a collaborative agreement. Ultimately, the company expects the projects will support its efforts to provide low-cost and low-carbon energy to the electricity grid.

Fusion 243
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Solid-state battery company Solid Power closes $130M Series B led by BMW, Ford and Volta

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Solid Power, a developer of all solid-state batteries for electric vehicles, announced a $130-million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies. The BMW Group and Ford aim to utilize Solid Power’s low-cost, high-energy all solid-state battery technology in forthcoming electric vehicles.

BMW 243
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Umicore announces equity investment in solid-state battery company Solid Power

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Following the announcement by solid-state battery company Solid Power that it will become a publicly listed company through a special purpose acquisition company (SPAC), materials technology company Umicore announced that it holds a stake in Solid Power’s pre-SPAC transaction. billion pro forma enterprise value.

Companies 207
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Cummins invests $24M in flow battery leader VoltStorage

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The company says that it has the largest fleet of operating flow batteries in the world. VoltStorage develops and produces commercial storage systems based on the particularly ecological vanadium redox flow technology for commercial and agricultural enterprises.

Batteries 467
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Siemens and MAHLE intend to collaborate on inductive charging for EVs

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One aspect of the planned cooperation includes coordinated standardization efforts in the relevant pre-standardization and standardization bodies. In the second project, a standardized measurement method for the electromagnetic compatibility of inductive systems is being developed.

Charging 199
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Linear Labs closes $4.5M seed round to fund commercialization of new electric motor technology

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Next-generation electric motor company Linear Labs (LL) closed a $4.5-million Compared to the top permanent magnet motor on the market, it produces two times the torque density, three times the power density, two times the output per given motor size and minimum 10% more range, the company claims. million seed round led by Science Inc.

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Nano One & Euro Manganese to co-develop applications for high-purity manganese in lithium-ion battery cathode materials

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Nano One is a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries, and Euro Manganese is a battery raw materials company developing a significant manganese deposit in the Czech Republic.