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Mitsubishi Power & Texas Brine partner on large-scale salt cavern storage for hydrogen to support decarbonization efforts in the eastern US

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Long-duration hydrogen storage is a key enabling technology for the transition to a net zero carbon energy future. Salt deposits are unique geological features into which caverns can be solution mined to provide safe, reliable and economical bulk gas storage.

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DOE offers $2B conditional commitment for first advanced fossil energy loan guarantee

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The US Department of Energy (DOE) offered a conditional commitment to guarantee loans of up to $2 billion to Lake Charles Methanol, LLC to construct the world’s first methanol production facility to employ carbon capture technology in Lake Charles, Louisiana. —US Secretary of Energy Ernest Moniz.

Energy 150
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BASF acquires Novolyte Technologies for Li-ion battery electrolytes

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The acquisition comprises Novolyte’s Energy Storage activities focused on developing, producing and marketing performance electrolyte formulations for lithium-ion batteries. Novolyte operates production sites in Baton Rouge, Louisiana, and in Suzhou, China. Both Chinese sites are located in the greater Shanghai area.

Li-ion 218
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Novolyte Technologies and Foosung Form JV for Li-ion Electrolytes

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Novolyte Technologies, a leading manufacturer and supplier of specialty electrolyte materials for lithium-ion battery and energy storage applications, high performance solvents and other specialty chemicals, has signed a definitive agreement with Foosung Co., Novolyte is contributing its energy storage business to the joint venture.

Li-ion 186
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Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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Demand for graphite in battery applications is forecast to grow by 5-8% per year over the decade between 2017 and 2027, depending on the uptake of electric vehicles (EVs) and energy storage—the largest end-use applications for lithium-ion batteries.

Price 207
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DOE awarding $33M for carbon-neutral hybrid electric aviation

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REEACH projects seek to create innovative, cost-effective, and high-performance energy storage and power generation sub-systems for electric aircraft, with a focus on fuel-to-electric power conversion technologies. Both programs work to decrease energy usage and associated carbon emissions for commercial aircraft propulsion systems.

Carbon 218