article thumbnail

Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

Green Car Congress

The estimated resource on the seafloor in the exploration contract areas held by the company’s subsidiaries is sufficient for 280 million EVs—a quarter of the global passenger car fleet. Rising raw materials prices risk undermining EV manufacturers’ efforts to drive down the cost of EV batteries necessary for mass adoption; and.

Companies 418
article thumbnail

DeepGreen lifecycle analysis argues for sourcing EV battery materials from deep-sea polymetallic nodules

Green Car Congress

Using a lifecycle sustainability analysis (LCSA) framework and standard lifecycle analysis (LCA) methodology, the researchers compared two potential sources of minerals needed to manufacture electric vehicle batteries: ores mined from the land and polymetallic nodules collected from the deep seafloor of the Pacific Ocean. 94% less land use.

Batteries 269