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DOE announces 15 Phase 1 semifinalists of Geothermal Lithium Extraction Prize

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As domestic demand increases rapidly, there is an urgent need to develop safe, secure, domestic, and cost-competitive sources of lithium. The Phase 1 semifinalists identified an impactful idea or solution to drive down costs of lithium extraction and, ultimately, help develop environmentally friendly, domestic sources of lithium.

Wyoming 199
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Meta Materials acquires assets and IP of Optodot; battery separators and coating technology

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Optodot is a developer and licensor of nano-composite battery separators and infrared optical coating technologies, based in Devens, Massachusetts. META will strengthen its proprietary portfolio of battery materials with NPORE nano-composite ceramic separators to enhance safety, performance, and cost in electric vehicles.

Batteries 481
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DOE selects 15 projects for $32M to advance lower-cost fusion concepts; ARPA-E BETHE

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These projects will work to develop timely, commercially viable fusion energy, with the goal to increase the number and performance levels of lower-cost fusion concepts. However, there remains a need to lower the costs of fusion development and accelerate its development timeline to have appreciable impact.

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DOE awarding more than $50M to 15 projects to advance critical material innovations

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Projects selected under this funding opportunity announcement will reduce both the costs of critical materials and the environmental impacts of production. DOE funding: $5,577,738; cost share: $5,925,475; Total costs: $11,503,213. DOE funding: $2,272,112; costs share: $2,272,112; Total costs: $4,544,224.

Li-ion 321
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ARPA-E to award $27M for advanced nuclear reactor systems operational technology: GEMINA

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GEMINA’s goal is to reduce fixed operations and maintenance (O&M) costs from ~13 $/MWh in the current fleet to ~2 $/MWh in the advanced fleet. These projects will work to develop digital twin technology to reduce O&M costs in the next generation of nuclear power plants. —ARPA-E Director Lane Genatowski.

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DOE announces $11.5M in Phase 1 funding for carbon capture and storage program; ARPA-E FLECCS

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Later in the program, teams that move to Phase 2 will focus on building components, unit operations, and prototype systems to reduce technical risks and costs. The post-combustion outlet gas is more easily separated into water and CO 2 to the pipeline, thereby lowering the electricity costs of grids with high levels of VRE.

Carbon 333
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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

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