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. We looked at over 100 companies, many of them in the EV and renewable energy space. Seafloor polymetallic nodule. Source: DeepGreen.

Companies 418
article thumbnail

DeepGreen Metals revises undersea polymetallic nodules resources upwards

Green Car Congress

DeepGreen Metals, which is exploring for deep-ocean polymetallic nodules as a lower impact and more cost-effective alternative to land-based mining ( earlier post ), announced an upward revision to the nodule resource reported within the NORI-D exploration contract area held by its subsidiary, Nauru Ocean Resources, Inc.

Nauru 355
article thumbnail

Could Sucking Up the Seafloor Solve Battery Shortage?

Cars That Think

Reeling from a crushing shortage of semiconductor chips for vehicles, carmakers also face another looming crisis: producing enough batteries to drive the global pivot towards electric vehicles. Texas is top of The Metals Company's list for the processing plant given the state's ports and access to cheap renewables. "We

Batteries 130