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Niron Magnetics secures $17.5M ARPA-E SCALEUP grant to boost production of FeN magnets

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million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets.

Grant 345
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Australian Government establishes A$300M fund to support hydrogen projects

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The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). The ARENA round is a $70-million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis.

Hydrogen 286
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Without this expansion, Europe will not be able to satisfy its battery demand in 2030 and will need to import from foreign rivals.

Companies 430
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Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

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million in new financing. The development process of Niron’s scalable method has resulted in the publication of 20 peer-reviewed scientific papers as well as 17 granted and 35 pending patents. Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 2019.165962.

Minnesota 482
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ADEME awarding €3.1M to Global Bioenergies and IBN-One plant project

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million in the form of repayable advances, following last July’s achievement of a technical and financial milestone in the ISOPROD project funded by the French Environment and Energy Management Agency (ADEME), which involves Global Bioenergies, Cristal Union and L’Oréal around the IBN-One first plant project. million and IBN-One €0.5

Global 223
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Hyundai bringing XCIENT Fuel Cell trucks to California

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Macquarie’s Specialized and Asset Finance business, part of its Commodities and Global Markets division, will finance the trucks through a lease to the operator. This will be the largest commercial deployment of Class 8 hydrogen-powered fuel cell trucks in the US.

Hyundai 243
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UK accelerates end of sale of new gasoline and diesel cars to 2030, hybrids to 2035

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582 million (US$773 million) in grants for those buying zero or ultra-low emission vehicles to make them cheaper to buy and incentivize more people to make the transition. Nature: Protecting and restoring the natural environment, planting 30,000 hectares of trees every year. billion (US$1.7

Gasoline 304