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

Green Car Congress

This is generating the world’s largest industrial waste stream and gigatons of emissions, poisoning ecosystems and people’s health, and driving potential labor exploitation including child labor. Source: DeepGreen.

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DeepGreen lifecycle analysis argues for sourcing EV battery materials from deep-sea polymetallic nodules

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At a high level, the findings suggest that, compared to mining the land for battery metals, sourcing the needed metals from ocean nodules can deliver: 70% less CO 2 e direct emissions. 90% reduction in SO x and NO x emissions. 100% reduction in solid waste. 94% less stored carbon at risk. 94% less land use.

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Could Sucking Up the Seafloor Solve Battery Shortage?

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"We are committed to turning those rocks into metal using renewable power and with zero solid waste," Shesky says. Land-based mining is already fraught with environmental destruction, emissions, human rights abuses , and mountains of waste, as well as precarious global supply chains.

Batteries 139