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Eos Energy Storage spent 12 years building up a technology it says can rival the dominant lithium-ion batteries for storing grid power. Betting on growth in battery deployments is a solid proposition, but Eos occupies the riskier category of challengers to the dominant lithium-ion technology. energy storage deployments.
“The opening of our new battery plant in Alabama is a major milestone on our way to going all-electric,” says Mercedes CEO Ola Källenius, adding that the company’s “comprehensive approach” includes “a local cell sourcing and recycling strategy.”. Mercedes is also focused on recycling. Forklifts are powered by hydrogen.
Elemental’s 12th cohort focuses on a range of societal challenges, including sustainable urbanization, building decarbonization, electric vehicle charging, last-mile logistics, recycling optimization and regenerative food production. The why: With demand for lithium growing twice as fast as production, the U.S.
Department of Energy (DOE): a $57M contract for its first-of-kind, commercial-scale, lithium-hydroxide-manufacturing facility in Tonopah, NV, and a $20M contract to advance next-generation battery-recycling technologies. SmartAC.com raised a $22M Series B to ramp up sales of its HVAC-monitoring system.
It covers a variety of investments (including energy efficiency and GHG reduction retrofits) in manufacturing facilities and capabilities, such as energy storage systems, grid modernization equipment, as well as critical minerals processing and recycling. Solar, wind turbine and HVAC manufacturing In August 2022, First Solar, Inc.
billion to build a lithium iron phosphate (LFP) EV battery plant in Marshall, Michigan. HVAC Manufacturing AAF-McQuay Inc. Key Takeaways Covers a variety of investments (incl. Period of Availability: Round 1 applications begin May 31, 2023, and funding is available until 1st round of credits is allocated ($4 billion, ~$1.6 received $1.3
In deals this week $145m for lithium extraction, $52m for methane emissions detection, and $40m for sustainable aviation fuel. 🏠 Arch , a San Francisco, CA-based HVAC installation software platform, raised $6m in Seed funding from Coatue, Floodgate, Gigascale Capital, MCJ Collective, and ReGen Ventures.
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