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Lithium-ion battery recycler ABTC expands operations and capacity with newly purchased facility

Green Car Congress

This rapid growth in demand has been further amplified with the passage of the “Inflation Reduction Act” (IRA) in the Fall of 2022, which includes mechanisms to incentivize electric vehicle manufacturers and consumers to purchase electric vehicles (EVs) that source battery metals from domestic manufacturers.

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CN purchases Wabtec’s battery-electric locomotive

Green Car Congress

CN has purchased Wabtec’s FLXdrive battery-electric freight locomotive ( earlier post ). CN’s Bessemer & Lake Erie Railroad (B&LE) Company received a grant from the Pennsylvania Department of Environmental Protection (DEP) to help with the purchase of the battery-electric locomotive.

Purchase 243
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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. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% to finance the development and production of low-carbon fuels and energy transition metals.

Carbon 352
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High-power battery company MOBIUS.energy secures $50M investment commitment from GEM

Green Car Congress

MOBIUS has issued warrants to GEM, exercisable upon public listing, to purchase up to 3% of the common stock of the company. With certainty of the investment upon listing, MOBIUS has begun to lay the foundation for becoming a public company via SPAC merger or a traditional IPO process. —Eugene Choi, MOBIUS CEO.

Companies 243
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BASF introduces blockchain pilot project to improve circular economy and traceability of recycled plastics

Green Car Congress

Additionally, due to the increased transparency reciChain brings, the platform can provide better assurance to brand owners of the validity of the certificates they purchase from recyclers and converters. arc-net is a technology company utilizing blockchain technology to provide transparency in the agri-food industry.

Economy 423
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Russia ponders using EV subsidies to boost the economy and surge local manufacturing

Teslarati

Russia’s Economy Ministry said earlier today that it has plans to utilize subsidy programs to boost the manufacturing and purchase of locally-built electric vehicles. Kolesnikov told Reuters that the government could cover 25% of the total purchase price of an electric vehicle, up to $8,570 or 625,000 roubles.

Russia 141
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With massive purchase of gasoline-fueled delivery fleet, USPS reaffirms commitment to “classic” technology

Plug in America

more and more companies are transitioning their fleets to modern electric vehicles. Bucking that trend, the United States Postal Service has chosen to double down on more traditional technology with 90% of its vast purchase of 160,000 new delivery vehicles to be gasoline-fueled. Across the U.S., billion in over the next 5 years.