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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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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. Earlier post.).

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Hyundai Motor and Kia collaborate with Next Hydrogen to develop advanced alkaline water electrolysis system

Green Car Congress

Hyundai Motor Company and Kia Corporation have signed a memorandum of understanding with Canada-based Next Hydrogen Corporation, a specialist in water electrolysis technology and a subsidiary of Next Hydrogen Solutions Inc.,

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Mercom Capital Group: Battery storage, smart grid & efficiency companies raise $3.2B in funding in Q3 2020; up 165% QoQ, 777% YoY

Green Car Congress

Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the third quarter (Q3) and first nine months (9M) of 2020. Corporate funding in Q3 2020 came to $2.8

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Haldor Topsøe acquires 18% of Na-ion battery company Faradion Ltd

Green Car Congress

Haldor Topsøe A/S, a global market leader in catalysis and related process technologies, recently acquired 18% of the shares in sodium-ion battery technology company Faradion Ltd, based in Sheffield, UK. Other partners in the investment included Finance Yorkshire’s Seedcorn Fund and Rising Stars Growth Fund II LP.

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Mineral Resources boosting lithium production from W Australia mines

Green Car Congress

Australia-based Mineral Resources (MinRes), one of the largest owners of hard rock lithium units, has, in response to “unprecedented global customer demand for lithium products”, agreed with its JV partners to increase production from the Wodgina and Mt Marion spodumene mines, based in Western Australia.

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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 Smart Grid.

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