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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 estimated resource on the seafloor in the exploration contract areas held by the company’s subsidiaries is sufficient for 280 million EVs—a quarter of the global passenger car fleet. We looked at over 100 companies, many of them in the EV and renewable energy space. Seafloor polymetallic nodule. Source: DeepGreen.

Companies 418
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Could Sucking Up the Seafloor Solve Battery Shortage?

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Texas is top of The Metals Company's list for the processing plant given the state's ports and access to cheap renewables. "We We are committed to turning those rocks into metal using renewable power and with zero solid waste," Shesky says. We don't want to have happen with EVs what happened with the semiconductor shortage this year.

Batteries 119