Climate Tech Firm CarbonCapture Closes $35 M Series A Funding Updated On Thu, Oct 21st, 2021 by Saurenergy CarbonCapture, a climate tech company that makes machines that remove CO2 directly from the atmosphere, has announced the closing of a $35 million Series A funding round and the appointment of Adrian Corless as CEO. CarbonCapture will use the funds to accelerate product development efforts and to establish initial deployments of its renewable energy-powered Direct […] Read more
Koch Invests in Li-Cycle and Other Firms in EV Value Chain Updated On Fri, Oct 1st, 2021 by Saurenergy US firm Koch Strategic Platforms (KSP) has announced a $100 million investment in Toronto-based Li-Cycle – the leading lithium-ion battery recycler in North America – to help meet the rapidly growing global demand to source and recycle critical and scarce battery-grade materials. This is only the latest investment in the EV value chain for Koch […] Read more
Wary of China, Quad Nations To Focus on Solar Supply Chain Updated On Mon, Sep 27th, 2021 by Saurenergy The United States, Japan, India and Australia will work to improve the security of supply chains for critical technologies such as clean energy and to ease a global semiconductor shortage, said Australia’s Prime Minister Scott Morrison. The Quad nations, in their first in-person summit on Friday in Washington, agreed on a partnership to secure critical […] Read more
LG Energy Solution Takes Over US-based NEC Energy Solutions Updated On Wed, Sep 22nd, 2021 by Saurenergy South Korean lithium-ion battery manufacturer LG Energy Solution (LG ES) has acquired US-based sector player NEC Energy Solutions from NEC Corporation for an undisclosed sum. The news was unveiled on Friday by BDA Partners, which served as the exclusive financial advisor to LG on the transaction. Japan’s NEC Corporation has transferred all shares in NEC Energy […] Read more
Battery Maker EnerVenue Raises $100 M in Series A Funding Updated On Thu, Sep 16th, 2021 by Saurenergy US-based EnerVenue has raised $100 million in Series A funding, which was led by Schlumberger New Energy and accompanied by Saudi Aramco Energy Ventures (SAEV, the corporate venture capital program of Aramco Ventures) and others. Additionally, EnerVenue announced the framework for a major distribution and manufacturing agreement with Schlumberger New Energy to significantly expand global […] Read more
Omega Seiki Orders Li-ion Batteries from US Firm C4V Updated On Wed, Sep 15th, 2021 by Saurenergy New Delhi-based EV maker Omega Seiki Mobility has selected US technology provider C4V to source 1.16 gigawatt hours of next-generation high performance lithium-ion batteries from its cell manufacturing joint ventures to empower the future of e-mobility in India. C4V’s battery solutions is based on the technology that eliminates the need for cobalt and nickel, enabling a high performing, […] Read more
Indonesia Ramping Up Solar Capacity to Meet 18 GW Target For 2025: Report Updated On Tue, Sep 14th, 2021 by Saurenergy Indonesia is considering how to reduce its growing greenhouse gas emissions. A moratorium on new coal power plants bodes well for growth of solar power in Indonesia. Yet harnessing solar power requires government action such as improving transparency around power purchase agreements and revising long- term power plans. A new report, jointly produced by BloombergNEF, […] Read more
Researchers At Saudi University Claim Storage Breakthrough With Zinc-Ion Batteries Updated On Tue, Aug 31st, 2021 by Saurenergy Researchers at Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) claim to have developed a new zinc-ion battery chemistry that they hope will deliver large-scale energy storage that is cheaper, safer, and more environmentally friendly than the commonly used lithium-ion batteries. The research summary states that rechargeable Zn-ion batteries are highly promising for […] Read more
Iron-based Batteries’ Future Looks Bright As Tesla Weighs In Updated On Fri, Aug 6th, 2021 by Saurenergy Of late, leading executives in the automotive sector have been indicating a reversion to older, cheaper lithium-iron-phosphate (LFP) batteries in their products. Tesla CEO Elon Musk has recently spoken of such a shift in the company’s energy storage devices and some entry-level EVs. Additionally, Ford CEO Jim Farley has said the company would use LFP batteries […] Read more
