article thumbnail

Aqueous hybrid-ion battery company Aquion completes $55M financing round

Green Car Congress

a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. Aquion Technical Presentation. Aquion Energy, Inc., Earlier post.). Click to enlarge. Aquion spun out of Carnegie Mellon University in 2010.

Financing 301
article thumbnail

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

Green Car Congress

Canada-based Mangrove Lithium closed a $3-million financing from BDC Capital’s Cleantech Practice. The platform technology is also being commercialized for conversion of waste brines to chemicals and desalinated water. Lithium processing is presently concentrated in a small number of regions in the world.

Sodium 221
article thumbnail

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

Green Car Congress

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
article thumbnail

Empa and partners exploring DME as fuel with new heavy-duty test engine

Green Car Congress

The research project is co-financed by the Swiss Federal Office of Energy (FOEN). Water is formed as a by-product. If water is removed from the reaction mixture, the chemical equilibrium shifts towards the product. To remove water, Empa researchers use zeolite, a water-absorbing mineral. —Andreas Borgschulte.

Engine 410
article thumbnail

BMW Group, WWF Germany, Volvo Group back moratorium on deep-sea mining

Green Car Congress

Mining in water thousands of meters deep could have destructive effects on vulnerable deep-sea ecosystems and lead to loss of biodiversity and species extinction. For this reason, raw materials from deep-sea mining are not an option for the BMW Group at the present time.

BMW 186
article thumbnail

First Cobalt announces positive feasibility results for Canadian cobalt refinery expansion; first NA producer of battery-grade cobalt sulfate

Green Car Congress

139 million after-tax net present value (NPV) using an 8% discount and 53% after-tax internal rate of return (IRR), representing a payback period of only 1.8 Discussions underway with Glencore on commercial arrangements, financing and allocation of project economics; third party and government funding opportunities also under review.

Sodium 221
article thumbnail

Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. 3. Water Conservation. Mission of Task Force.

Financing 150