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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

Green Car Congress

On 13 February ECD sold its majority owned subsidiary, Ovonic Battery Company, Inc. OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. million in outstanding 3% Convertible Senior Notes due 2013. Earlier post.)

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

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas.

Financing 170
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Alberta Climate Change and Emissions Management (CCEMC) Corporation Awarding C$37.5 Million in Funding for Renewable Energy Projects from Biofuels to Home Generation

Green Car Congress

Alberta, Canada’s Climate Change and Emissions Management (CCMEC) Corporation is awarding more than C$37.5 Since 2007, Alberta companies that annually produce more than 100,000 tonnes of greenhouse gas emissions are legally required to reduce their greenhouse gas intensity by 12%. Enmax Corporation , C$14.5 million (US$1.76

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Albemarle signs exclusivity agreement with Mineral Resources for 50/50 lithium JV in W. Australia; $1.15B deal

Green Car Congress

The parties would jointly manage the JV, through a company to be owned in equal shares by the parties. After construction and ramp-up of the spodumene concentration plant, the JV is expected to produce up to 750 ktpa of 6% spodumene concentrate from Wodgina which is planned to be used as feedstock to the future lithium hydroxide plant.

Australia 236
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CCEMC launches $35M international challenge to find useful applications for carbon

Green Car Congress

Alberta-based Climate Change and Emissions Management Corporation (CCEMC) ( earlier post ) has issued a $35-million open innovation international challenge to create new, carbon-based products and markets. The CCEMC is a not-for-profit corporation that operates independently of government.

Carbon 186
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Who Really Invented the Rechargeable Lithium-Ion Battery?

Cars That Think

And yet this transformative invention took nearly two decades to make it out of the lab, with numerous companies in the United States, Europe, and Asia considering the technology and yet failing to recognize its potential. Moreover, company executives thought Whittingham’s concept was unlikely to ever be broadly successful.

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BMW, Ford, Honda to Form New EV Charging Company

The Truth About Cars

Ford, Honda, and BMW have announced plans to create a new “vehicle-to-grid company” that’s aimed at standardizing vehicle charging via a singular platform. The service also seeks to return excess energy to the electrical grid, effectively converting EVs into publicly shared batteries.

Honda 105