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The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. This transaction also offers TMC shareholders exposure to a royalty company that I am confident under Brian’s leadership will become a market leader. NORI and Low Carbon Royalties are a great fit.

Carbon 352
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Tesla’s pay increase for employees revealed in internal documents: report

Teslarati

Tesla’s pay increase for employees in all of its gigafactories and offices in the US was recently revealed in internal documents. The pay increase differs for each state with a Tesla Gigafactory or office because it is based on the cost of living in each area.

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The Boring Company acquires more land for Vegas Loop expansion: report

Teslarati

Reports have indicated that Elon Musk’s tunneling startup, The Boring Company, has purchased a new piece of land in Las Vegas. As noted in a report from the Las Vegas Review-Journal , a firm affiliated with The Boring Company, Object Dash, bought a 1.8-acre miles of tunnels that connect the LVCC West Hall with the main campus.

Las Vegas 129
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Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

Green Car Congress

billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. Rising raw materials prices risk undermining EV manufacturers’ efforts to drive down the cost of EV batteries necessary for mass adoption; and. Source: DeepGreen.

Companies 418
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CMU study finds taxes on emissions would result in more rapid electrification by ridesharing companies

Green Car Congress

Researchers at Carnegie Mellon’s College of Engineering have found that with an emissions-based incentive towards electrification, ridesourcing companies such as Uber and Lyft would electrify more and cut their emissions by amounts ranging from 10% in New York to 22% in Los Angeles. passenger travel demand. Source: Bruchon et al.

Tax 199
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Hydra Energy partners with Chemtrade to provide commercial truck fleets with green hydrogen below the cost of diesel

Green Car Congress

Initially, both companies are focused on one of Chemtrade’s plants in British Columbia with the potential to expand across the country. In Hydra’s case, the company applies a circular economy approach using hydrogen gas already vented as a by-product of manufacturing to fuel fleets.

Hydrogen 301
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How HummingbirdEV uses modular platforms and micro-factories to lower the cost of commercial EVs

Charged EVs

The company has focused on developing its own technology, and now offers not only complete vehicles, but also a broad range of components, including electric drivetrain systems, control software, bidirectional charging systems, modular batteries, battery management systems and more. Rakesh Koneru: That’s true.