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DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

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The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry. —John Boden of SPE

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Sylvatex developing new lower-cost CAM manufacturing process for Li-ion batteries

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The company has also received additional grant financing from the National Science Foundation, the US Department of Energy, and others. SVX continues to collaborate with battery industry experts and collaborators at the Lawrence Berkeley National Laboratory and Argonne National Laboratory.

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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

Chevrolet has continued that trend in the last few years—emerging as a major leader in the electric vehicle industry. But when it comes to accessing the available rebates, grants, and tax credits out there, it can be difficult to scan through the fine print to determine whether you qualify. Clean Vehicle Assistance Program.

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BMW expects to have solid-state battery in a demonstrator vehicle well before 2025; IPCEI grants

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We want to significantly increase the energy density of the cells and reduce the costs of material use and production at the same time. The development of battery cells is an ideal fit for Bavaria’s automotive industry and tech-industry as a whole. Earlier post.). —Peter Altmaier, Federal Minister of Economics and Energy.

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FREYR Battery sanctions construction of its inaugural gigafactory, increases plant capacity to 29 GWh; $1.7B capital cost

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billion based on visibility from export credit agencies, multilateral development finance institutions and commercial banking partners, exceeding management’s leverage target for the $1.7 It is an important confirmation that public and private partnerships are important to be successful in creating the green industry of the future.

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Clean Energy Zero Now truck orders surpass 250; heavy-duty trucks fueled by renewable natural gas

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Clean Energy’s Zero Now program makes the cost of leasing or purchasing a new natural gas heavy-duty truck equal to the price or even lower than that of the same truck equipped with a diesel engine. Kenan Advantage Group will be deploying its natural gas tractors in the company’s Merchant Gas Group that transports industrial gases.

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Syzygy Plasmonics raises $23M Series B to electrify chemical manufacturing; photocatalytic reactor for hydrogen production

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Syzygy Plasmonics, a technology company developing a high-performance photocatalyst for the industrial gas, chemical and energy industries, announced a $23-million Series B financing led by Horizons Ventures with participation from new global investors including Equinor Ventures. Earlier post.).

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