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Stellantis invests in affordable sodium-ion battery technology

Teslarati

Stellantis Ventures became a strategic investor of France-based Tiamat, which is developing and commercializing sodium-ion battery technology. Stellantis Ventures is the corporate venture fund of the legacy automaker. Sodium-ion technology is free of lithium and cobalt and costs less per kilowatt-hour.

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Rincell Corporation raises USD 1.2 m seed round investment – ET Auto

Baua Electric

About the investment in Rincell, Sandiip Bhammer said, “Our investment in Rincell reflects a commitment to pioneering technologies that are set to revolutionize global energy storage and supply.” ” New Delhi: Rincell Corporation , an advanced chemistry battery cell manufacturer, has raised USD 1.2

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Xcel Terms First Phase of Sodium-Sulfur Battery Wind Energy Storage Test Project Successful

Green Car Congress

Xcel Energy has released the preliminary results from its wind-to-battery (W2B) storage project in Minnesota, and termed the technology successful. In October 2008, Xcel began testing a one-megawatt sodium-sulfur (NaS) battery ( earlier post ) to demonstrate its ability to store wind energy and move it to the electricity grid when needed.

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Mercom: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

Green Car Congress

Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. Total corporate funding, including debt and public market financing, increased to $2.8

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Tokuyama and Toyota start verification tests in Japan for stationary fuel cell generator that uses by-product hydrogen; Mirai FC system

Green Car Congress

Tokuyama Corporation and Toyota Motor Corporation (Toyota) have commenced verification tests, using by-product hydrogen, of a stationary fuel cell generator (FC generator) that makes use of the fuel cell system (FC system) installed in the Mirai Fuel Cell Electric Vehicle (FCEV).

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TerraPower closes $750M fundraise; SK invests $250M

Green Car Congress

SK Group is among South Korea’s largest energy providers and the second-largest conglomerate. This fundraise enhances TerraPower’s work in advanced nuclear energy technologies and nuclear medicine. Perkins Coie LLP acted as outside corporate counsel to TerraPower. The fundraise was co-led by SK Inc. SK invested $250 million.

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GE to Open Sodium-Metal Halide Battery Plant in New York

Green Car Congress

GE Chairman and CEO Jeff Immelt shows a sodium-metal halide battery cell at the press conference announcing the battery plant. GE says the planned facility will produce approximately 10 million sodium-metal halide cells each year—equivalent to 900 MWh of energy storage, or enough to support 1,000 GE hybrid locomotives.

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