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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.

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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.

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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.

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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. However, risks emanating from availability of constituent critical minerals persist, particularly with Lithium, as its supply is dominated by few countries. Prudent financial models to make BES bankable.

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

Baua Electric

Neuron Energy has fostered a longstanding partnership with 3EV for the past 30 months, supplying over a thousand battery packs currently operational in their fleet across multiple cities. Backed by Mufin Green Finance Limited, Urja Mobility will purchase advanced high-quality battery packs from Neuron Energy.

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LanzaTech Pulls in $18M in Series B Funding; Qiming Ventures Leads

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New Zealand-based waste gas and syngas to fuels company LanzaTech ( earlier post ) has attracted US$18 million in Series B financing from investors led by China-focused venture capital firm Qiming Ventures. LanzaTech uses proprietary bacteria to convert industrial waste gases into fuels and chemicals. Gary Reischel.

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IEA/OECD Report Concludes Nuclear Power Could Provide 24% of Global Electricity by 2050

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Nuclear energy is one of the key low-carbon energy technologies that can contribute, alongside energy efficiency, renewable energies and carbon capture and storage, to the decarbonization of electricity supply by 2050. Financing the construction of new nuclear plants is expected to be a major challenge in many countries.

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