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Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

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The development of this resource offers an abundant, low-cost supply of critical raw materials for EV batteries and wiring including nickel, cobalt, copper and manganese, with a lower lifecycle ESG impact than conventional mining. DeepGreen Metals Inc., The transaction represents a pro forma equity value of US$2.9 Earlier post.)

Companies 418
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DOE announces $139M in funding for 55 projects to advance innovative vehicle technologies

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Enovix Corporation. Rationally Designed Lithium Ion Batteries Towards Displacing Internal Combustion Engines. Ultra-Low Volume Change Silicon-Dominant Nanocomposite Anodes for Long Calendar Life and Cycle Life. AOI 02: Low Cost Electric Traction Drive Systems Using No Heavy Rare Earth Materials. Exelon Corporation.

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Navistar reaches development agreement with EcoMotors International on Opposed-Piston, Opposed-Cylinder Engine 22

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Navistar International Corporation has reached a development agreement with EcoMotors International in support of the company’s opoc (Opposed-Piston, Opposed-Cylinder) engine architecture. Waste heat recovery by generating electricity. Cutaway diagram of the opoc engine. Click to enlarge.

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NGen Canada awarding $76M to 15 zero-emission vehicle projects

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Lead: Cnem Corporation; Partners: Talon Metals Services Inc., Palcan Energy Corporation. Cnem Corporation and partners Talon Metals Services Inc., and Palcan Energy Corporation will develop a new recycling process to process EV battery black mass using an environmentally friendly approach. Lead: Cummins Inc.;

Canada 304
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US DOE awards more than $175M to 40 projects for advanced vehicle research and development

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This project will develop a new process that enables low-cost, domestic manufacturing of magnesium. This project will develop a novel low cost route to carbon fiber using a lignin/PAN hybrid precursor and carbon fiber conversion technologies leading to high performance, low-cost carbon fiber. 10,000,000. .

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

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Topic Area 1: Pre-Pilot Scale-Up of Integrated Biorefineries Algenesis Corporation, “Pre-Pilot Scale Production of Algae-based Jet Fuel and Polyurethane Monomers”, $4,987,974. This project will demonstrate the conversion of gaseous carbon wood wastes (terpenes) to renewable Terpenes SAF blending components.

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DOE announces $26.6M SBIR/STTR FY15 Phase 1 Release 2 awards; fuel cells, batteries, power electronics and efficient combustion engines

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Mainstream Engineering Corporation. This quality control device will help to drive down the costs of fuel cells by reducing waste and improving the process efficiency of roll-to-roll manufacturing of polymer electrolyte membranes. US Hybrid Corporation. American Lithium Energy Corporation. Novarials Corporation.

Li-ion 150