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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development.

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CO2-to-chemicals company Liquid Light raises $15M Series B financing; process scale-up and application validation

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Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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The US Department of Energy (DOE) will award some $118 million in funding for 17 projects to accelerate the production of sustainable biofuels. Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment.

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Mangrove raises $3M from BDC Capital to accelerate deployment of battery-grade lithium processing systems

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Canada-based Mangrove Lithium closed a $3-million financing from BDC Capital’s Cleantech Practice. Mangrove is the developer of a modular platform for the cost-effective production of battery-grade lithium hydroxide. Lithium processing is presently concentrated in a small number of regions in the world.

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Company that biochemically converts coal to methane raises Series B funding

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an emerging natural gas production company which uses proprietary technology to convert both underground and mined low-rank coal to pipeline-quality methane biochemically at large scale and low cost, has raised equity in its second round of financing, led by new investor Khosla Ventures. Ciris Energy, Inc.,

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ClearFlame Engine Technologies completes on-road demo of Class 8 truck with Cummins X15 running E98 ethanol

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The demonstration of ClearFlame’s engine technology was implemented by taking a Class 8 diesel truck running on a Cummins X15 500hp 15L heavy-duty engine—commonly used for long-haul truck and off-highway applications—and converting it to run on renewable E98 ethanol.

Engine 334
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Fisker opens reservations for Ocean SUV; cost starts as low as $379/month

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The Fisker Ocean is targeted to begin production at the end of 2021, with the first high-volume deliveries projected for 2022. The Fisker app offers a flexible lease program, maintenance and repair on demand, insurance purchase to easy finance options. 80 kWh lithium-ion battery pack.

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