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V2X company Fermata Energy raises $40M in recent round

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This technology can help enable a centralized power infrastructure to load balance, transport and store renewable energy through the EV, mobile device and IoT markets, as well as provide customer reliability. Oldenburg, a Managing Director specializing in renewables investing at Carlyle. —J.B.

Energy 225
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Zero Carbon Lithium company Vulcan acquires geothermal plant; brine offtake agreement with geox

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Vulcan Energy Resources has agreed to acquire an operational geothermal renewable energy power plant in the Upper Rhine Valley at Insheim, Germany, through the acquisition of 100% of the shares in the entity which owns and operates the plant. The geothermal power plant in Insheim, Upper Rhine Valley, Germany. Brine offtake.

Carbon 243
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Volkswagen Group sets up new group company for energy and charging: Elli

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The Volkswagen Group is establishing a Group company for energy offerings and charging solutions, underlining its strategic goal of becoming a leading provider of sustainable mobility. The new company will play its part with energy offerings from renewable sources and smart charging solutions. —Thorsten Nicklaß.

Companies 310
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Study finds GWP of electrolyzed hydrogen to meet ORD’s fuel needs would be 2.5x that of fossil fuels with 2020 grid mix

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If only incremental increases in renewable energy resources are introduced across the grid, electrolytic hydrogen will not become an environmentally sustainable solution. He looked at three different resources that forecast the future composition of the US electrical power grid.

Grid 290
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Geely supporting Danish initiative on e-methanol with vehicle trials in Aalborg

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While the country is one of the world’s largest producers of wind and solar renewable energy, it faces the issue of renewable energy being weather-dependent and prone to fluctuation. The uses of green methanol for commercial shipping have already been pioneered by Danish shipping giant Maersk.

Denmark 446
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ONE to invest $1.6B in 20 GWh Michigan gigafactory; LFP cell production in 2024

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Our Next Energy (ONE), a Michigan-based energy storage technology company focusing on lithium iron phosphate chemistries ( earlier post ), will invest $1.6 This more sustainable approach to cell manufacturing is further supported by ONE’s partnership with DTE Energy to operate a grid-tied factory with utility-scale energy storage.

Michigan 284
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PG&E and BMW of North America start V2X testing in California

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Pacific Gas and Electric Company (PG&E) and BMW of North America (BMW) are collaborating to test how vehicle-to-everything (V2X) technology can serve as a solution to offset growing demand on the power grid, improve reliability for electric customers, and maximize the usage of renewable energy. In California 1.4