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Velodyne Lidar acquires AI software company Bluecity

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Velodyne Lidar has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company, in an all-stock transaction. The addition of Bluecity is expected to be immaterial to operating expenses and cash usage. Bluecity’s executive, software development and sales teams will join Velodyne.

San Jose 369
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Finnish Minerals Group & FREYR Battery collaborate to develop LFP cathode materials plant in Finland

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Finnish Minerals Group, a mining and battery industry development and investment company, and FREYR Battery will cooperate to assess the feasibility of establishing an LFP cathode material plant in the city of Vaasa.

Finland 186
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ESL Shipping first to utilize Neste’s co-processed marine fuel for GHG emissions

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Finnish shipping company ESL Shipping will become the world’s first shipping company to start utilizing new low-emission Neste Marine 0.1 co-processed marine fuel ( earlier post ) in its vessels in Finland and Sweden. —Mikki Koskinen, Managing Director of ESL Shipping. Neste Marine 0.1

Mariner 273
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Valmet Automotive starts series production at Kirchardt battery plant

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Since the start of production at our first battery plant in Salo, Finland, in 2019, we have delivered over 1 million battery systems for our customers’ hybrid, plug-in and fully electric vehicles. The battery assembly is embedded into a strong internal development and production network—e.g.

Batteries 273
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Wärtsilä Power-to-X project gets €1M in government support

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The technology group Wärtsilä has been granted €1 million in funding by Business Finland, a state-run public agency for funding important research projects, to support research in the field of Power-to-X (P2X) technology.

Power 365
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PGM leader Sibanye-Stillwater enters battery metals sector through a partnership with and investment in lithium miner Keliber

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International precious metals mining company Sibanye-Stillwater has entered into an investment agreement with Finnish lithium miner Keliber Oy. Based on assessments by Geological Survey of Finland, there are good indications of further ore potential in the region. Keliber continues drillings to explore the area.

Finland 243
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Sibanye-Stillwater to achieve majority shareholding in Keliber; seeks to increase shareholding further to 80%

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Keliber is a Finnish mining and battery chemical company which owns the Keliber project, an advanced lithium hydroxide project located in the Kaustinen region of Finland which intends to sustainably produce battery grade lithium hydroxide utilizing its own ore. Earlier post.).

Finland 186