Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

Green Car Congress

Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies. Founded in 1991, GEM (Global Emerging Markets) is a $3.4-billion alternative investment firm with offices in Paris, New York, and the Bahamas.

Orocobre and Galaxy to merge, creating 5th largest global lithium chemicals company

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The resulting company will have a A$4-billion (US$3.1-billion) market capitalization, making it the fifth-largest by capitalization. Company management anticipates robust demand for lithium in the mid-long term.

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HIF Global begins approval process for its first eFuels manufacturing facility in Australia; third globally

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E-fuels company HIF (Highly Innovative Fuels) Global has begun the development of Australia’s first large-scale, carbon-neutral eFuels production facility in Tasmania. HIF Asia Pacific, a wholly owned subsidiary of HIF Global, filed a Notice of Intent (NoI) with the Tasmanian Environment Protection Authority (EPA) seeking approval for the facility, which will be located in north-west Tasmania. —Cesar Norton, President and CEO of HIF Global.

Tesla is one of the world’s 20 fast-growing companies

Teslarati

Tesla is one of the world’s 20 fastest-growing companie s for 2022, Fortune reported, adding that last year was a record for growth and recovery across its Top Global 500 list. ” 20 fastest growing companies and $1.2 Altogether, these 20 companies held a combined $1.2

EVs new sales increased by 26% in global automotive market

Electric Vehicles India

EVs new sales increased by 26% in global automotive market. million units representing 26% of new sales in the global automotive market. World’s top EV auto companies. Global fleet of passenger electric and fuel cell vehicles. Global electric car parts market.

Cadillac CELESTIQ to be built at GM’s Global Technical Center

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General Motors will invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to prepare the campus to build the Cadillac CELESTIQ ( earlier post ). The Cadillac CELESTIQ will be built on GM’s Ultium Platform, the heart of the company’s EV strategy.

Electric motor company YASA enters innovation agreement with global automotive manufacturer for hybrids and EVs

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YASA, a leading manufacturer of axial-flux electric motors and controllers, signed a long-term joint innovation agreement with a global automotive OEM. Last month, the company announced partnering with Rolls-Royce to provide the electric motors to power the world’s fastest electric airplane, scheduled for launch in 2020. The partnership will focus on developing custom electric motor and controller solutions for the OEM’s high-performance hybrid and pure electric vehicles.

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Swappable battery system set by companies representing half of global motorcycle market

Green Car Reports

A consortium of manufacturers representing half the global motorcycle market announced an agreement Friday for a standardized battery-swapping system for electric motorcycles.

ArcelorMittal publishes concept for global low-carbon emissions physical steel standard

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ArcelorMittal published a concept for a low-carbon emissions steel standard to help incentivize the decarbonization of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel.

Benchmark Mineral Intelligence: global battery gigafactory pipeline tops 300; China dominates

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Joint ventures between automakers and battery companies have been central to this growth. In 2031, China is set to have almost 4,500 GWh of gigafactory capacity, representing 70% of global capacity. The number of gigafactories in the pipeline has surpassed 300; there is now 6,387.6

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Direct lithium extraction company EnergyX secures $20M in funding commitments

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Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market.

2021 Nissan Rogue company’s 1st global model built using closed-loop recycling system for aluminum parts

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The 2021 Nissan Rogue is the company’s first global model built using a “closed-loop” recycling system for aluminum parts. The system helps reduce CO 2 emissions compared with using parts made with primary alloys from raw materials.

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IEA: global carbon dioxide emissions have rebounded strongly

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The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year.

Mercedes-Benz acquires electric motor technology company YASA

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This acquisition is tremendously exciting because it gives YASA technology the global scale and reach of Mercedes-Benz. Mercedes-Benz has acquired YASA, a pioneer in next-generation electric drive technology.

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Volvo Cars global sales up by 43% in May; plug-ins accounted for 23.7% globally

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Volvo Cars achieved its eleventh consecutive month of sales growth as the company’s global sales increased by 43% in May, compared with the same month last year. In China, where sales returned to growth around this time last year, the company reported a steady increase of 11.7%. Globally, Recharge cars accounted for 23.7%

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BorgWarner buying EV charging company to boost growth

Electrek

One of the largest global auto suppliers, BorgWarner, is buying EV charging company Rhombus Energy Solutions, the company announced today. The post BorgWarner buying EV charging company to boost growth appeared first on Electrek.

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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

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In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. The company also unveiled targets for sales and financial performance to be achieved by 2030. The company earmarked KRW 95.5

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The Metals Company contracts CSIRO-led consortium to develop environmental monitoring and management plan for deep-sea nodule collection

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The Metals Company (TMC) announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., —Gerard Barron, Chairman and CEO of The Metals Company.

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Autonomous vehicle simulation company MORAI secures US$20M Series B

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The company subsequently has established itself as South Korea’s sole provider of full-stack autonomous vehicle simulation solutions. It has also formed partnerships with a variety of global players such as NVIDIA, Ansys, and dSPACE.

Volkswagen launches PowerCo for global battery business; €20B investment; standard factories

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With immediate effect, responsibility for global battery business is to be held by the newly created company “PowerCo”. In addition to cell production, the new company will be responsible for activities along the entire battery value chain.

Airbus and Munich Airport International expand partnership to develop Advanced Air Mobility solutions globally; CityAirbus eVTOL

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Airbus and Munich Airport International signed a Memorandum of Understanding at ILA Berlin Air Show to start marketing turnkey solutions to cities and regions interested in developing advanced air mobility (AAM) ecosystems globally.

GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

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Therefore, automakers are committing operational investments of nearly US$600 billion to secure their position in the future automotive market, according to GlobalData, a leading data and analytics company. It is near the top of the game for companies active in the EV space.

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Subaru’s first global all-electric vehicle SOLTERRA makes world debut

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The vehicle was jointly developed by Toyota and Subaru; Toyota’s version is the bZ4X, which the company unveiled last month in Japan ( Earlier post.) The two companies entered into a new business and capital alliance in September 2019.

Vaekstfonden and DEUTZ AG invest €15M in methanol fuel cell company Blue World Technologies

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Vaekstfonden, the Danish Growth Fund, and the German engine manufacturer DEUTZ AG, are investing €15 million in methanol fuel cell company Blue World Technologies. The aim is to bring the company’s green fuel cell products and solutions to the global market.

Hyundai upgrades design and performance of XCIENT fuel cell truck for global expansion

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Hyundai Motor Company released images of its newly upgraded XCIENT Fuel Cell, the world’s first mass-produced, heavy-duty truck powered by hydrogen. With the launch of the enhanced model, Hyundai plans to accelerate the global roll-out of its heavy-duty fuel cell truck.

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Koura acquires organosilicon electrolyte company Silatronix

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Koura , a developer, manufacturer, and supplier of fluoroproducts and technologies and part of the Orbia community of companies, has signed a definitive agreement to acquire Silatronix , a specialist in organosilicon (OS) electrolytes ( earlier post ). Koura is currently the largest producer of fluorspar in the world, accounting for more than 20% of global supply, as well as the producer of around 10% of global hydrofluoric acid supply.

Uranium Energy Corp completes acquisition of Uranium One Americas; largest uranium mining company in US

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Also, the opportunity to have acquired an advanced asset base of this quality from one of the global leaders in the nuclear energy industry is highly unique. Other highlights of the acquisition include the following: Largest US uranium mining company. Uranium Energy Corp.

The Boring Company expands its reach with wider freight tunnels

Teslarati

Elon Musk’s Boring Company might be working on 21 ft tunnels to transport standard-sized freights side-by-side. Wider tunnels could expand The Boring Company’s business. Fits a standard shipping container (barely)[!],” wrote The Boring company in its description of the freight tunnel.

SK makes strategic investment in clean hydrogen company Monolith; “cyan hydrogen”

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Nextera, the largest power generation and renewable energy development company in the United States, also participated in the round. SK says Monolith is the only company with cyan hydrogen process technology that has entered the commercialization stage.

Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

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Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. Among other projects, the Santiago de Chile-based company is building the Haru Oni eFuel pilot plant in Punta Arenas (Chile).

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V2X company Fermata Energy raises $40M in recent round

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Fermata Energy, a vehicle-to-everything (V2X) technology services provider, recently raised $40 million to accelerate the company’s growth with investment from new partners, including funds managed by global investment firm Carlyle and Verizon Ventures. The company’s V2X software technology aims to transform electric vehicles into energy-storage assets, making EV ownership more cost effective.

Ford launches new global battery center of excellence

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Ford announced a new global battery center of excellence—called Ford Ion Park—to accelerate research and development of battery and battery cell technology, including future battery manufacturing. We’re already scaling production of all-electric vehicles around the world as more customers experience and crave the fun-to-drive benefits of electric vehicles with zero emissions.

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Saga Pure takes 33% stake in liquid hydrogen storage technology company

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Norway-based Green inverstment company Saga Pure ASA has committed to subscribe for NOK 30 million (US$3.5 Following the private placement, Saga will have an ownership of approximately 33% in the company.

S&P Global: looming shortfalls in copper supply will short-circuit net-zero goals absent significant new supply

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projects global copper demand to nearly double over the next decade, from 25 million metric tons today to about 50 million metric tons by 2035 in order to deploy the technologies critical to achieving net-zero by 2050 goals. —Daniel Yergin, vice chairman, S&P Global.

Star Scientific selected as 2020 S&P Global Platts Global Energy Awards Finalist; industrial heat from H2 without combustion

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Star Scientific has been named an Emerging Technology of the Year category finalist in the S&P Global Platts Global Energy Awards, an annual program recognizing innovation, leadership and exceptional performance in the energy sector. Winners will be selected from each corresponding group of finalists by the Global Energy Awards’ independent panel of judges and announced at the live-streamed Global Energy Awards Virtual Gala on 10 December 2020.

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Responsibly sourcing silica sand to meet global demand

Innovation News Network

VRX Silica explores the impending shortage of silica sand, the need for responsible sourcing, and why the company’s three multi-decade silica sand projects in Western Australia are a part of the global supply solution.

Light bio-olefins company Global Bioenergies raises €23 million

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Global Bioenergies, an industrial biology company developing light olefin bioproduction processes ( earlier post ), closed its capital increase launched 27 June 2013, raising a final gross value of €23 million (US$30 million). The company fully exercised the extension clause, resulting in the creation of 927,419 new shares and the final value of €23 million.

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Girteka Logistics becomes one of the first companies to be recognized as a Green Carrier by DHL

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The largest asset-based transportation company in Europe, Girteka Logistics, was one of the first road freight transport companies to be given the Green Carrier Certificate by one of its partners, DHL.

13 global companies launch Hydrogen Council in Davos; promoting hydrogen to help meet climate goals

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Thirteen leading energy, transport and industry companies have launched a global initiative in Davos to voice a united vision and long-term ambition for hydrogen to foster the energy transition. Meeting in Davos for the first time on Tuesday, the Hydrogen Council currently comprises 13 CEOs and Chairpersons from various industries and energy companies committed to help achieve the ambitious goal of reaching the 2 ˚C target as agreed in the 2015 Paris Agreement.

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3D electrode company Addionics closes $27M Series A

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Existing investors that participated in the round include NextGear Ventures, Magna Capital Partners and Vasuki Global Tech Fund. The funding will also be leveraged to expand the company’s team and increase its activity in the US and Germany to better engage with partners.

Daimler Truck and CATL expand global partnership on truck-focused batteries and supply

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In 2019, Daimler Truck AG and CATL entered into a global lithium-ion battery cell modules supply agreement for electric series trucks including the Mercedes-Benz eActros, the Freightliner eCascadia and eM2.

Tesla works with global shipping company to digitize data and “stabilize logistics networks”

Teslarati

Tesla is helping Chinese state-owned company COSCO Shipping digitize its vast shipping data. COSCO has agreed to share shipping data with Tesla so the EV maker can test the system in the Chinese company’s Shanghai port. “We The company reported a net profit of $1.55

AstraZeneca electrifying global vehicle fleet

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The Climate Group announced that global pharmaceutical giant AstraZeneca will join its business leadership initiative on electric vehicles, EV100 ( earlier post ); AstraZeneca will switch its 16,000-vehicle fleet to electric by 2030. 808 of AstraZeneca’s vehicles are already electric, and as a next step the company will focus on the roll-out in Europe. Companies representing US$900 billion in annual turnover and 2.8

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