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Synthetic biology startup Lygos closes $13M Series A to target oil-based specialty chemical industry

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a bio-based specialty chemicals company, closed $13 million in Series A financing led by IA Ventures and OS Fund. The current process used to produce malonic acid requires sodium cyanide and chloroacetic acid; Lygos’ engineered yeast produces malonic acid from sugar and CO 2. This is the Industrial Revolution of synthetic biology.

Oil 150
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Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

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interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9% For this project with high value creation potential, our partner Tsingshan will provide its industrial expertise and financing capabilities needed for the construction of the plant.

Argentina 335
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Mangrove raises $3M from BDC Capital to accelerate deployment of battery-grade lithium processing systems

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Canada-based Mangrove Lithium closed a $3-million financing from BDC Capital’s Cleantech Practice. As electrification and decarbonization accelerates, industry and governments have recognized the emerging supply risk and the importance of having access to a diverse, secure and low-cost source of the critical raw material.

Sodium 221
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ARPA-E awarding $24M to two SCALEUP projects: battery technology and methane detection

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These SCALEUP “Fast-Track” teams, Natron Energy and Bridger Photonics, will receive $19 million and $5 million, respectively, to further their commercialization efforts in sodium-ion battery development and methane detection technologies, respectively. Natron Energy: Domestic Manufacturing of Sodium-Ion Batteries - $19,883,951.

Sodium 186
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Making battery energy storage an integral part of ‘Net-Zero’ – ET Auto

Baua Electric

A McKinsey report estimates that the market size of global BES systems industry can touch USD 150 billion by 2030. With this background, Sodium-ion (Na-ion) technology is emerging as a credible alternative. Additionally, it is important to pool in low-cost financing options for renewable energy projects consisting of BES.

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Neuron Energy and Urja Mobility join for innovative battery leasing solutions – ET Auto

Baua Electric

This strategic alliance signifies a significant stride towards enhancing sustainable transportation solutions, especially in the last-mile delivery sector.Neuron Energy is renowned for its comprehensive range of electric mobility solutions, encompassing lead-acid, advanced lithium-ion, and cutting-edge sodium-ion technologies.

Energy 52
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Clean water company Ostara raises $14.5M for major expansion

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a clean water company that recovers phosphorus and nitrogen from industrial and municipal wastewaters to create premium fertilizers, completed a US$14.5-million million private equity financing. Ostara Nutrient Recovery Technologies Inc., a fund managed by FourWinds Capital Management.

Water 225