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With its first electric vehicle now outselling the quintessential 911 sports car, the German automaker is responding by upping its bet on EVs, in part via a hefty investment in lithium-silicon battery developer Group14 Technologies. Porsche injected $100 million into Group14 as part of a larger $400 million Series C funding round.
One of the key target resources is lithium, a critical component for smartphones, electric vehicle batteries and nearly every other electric tool of modern convenience and industrial import. Other solutions to the lithium problem are attracting investor attention, too.
Minerva Lithium. But as awareness of climate change and interest in hydrogen-powered freight grows, so too has demand for an environmentally friendlier alternative. Minerva Lithium. Minerva says that it can extract one metric ton of lithium using just 30,000 gallons of water, and it can do it in three days.
Why it matters: The development is the latest example of liquid-state lithium-ion pack leader China ramping up effort s to master the technology, as global auto giants expect solid-state batteries to give them an edge over competitors in the EV transition. The IM L6 sedan is scheduled for launch in May.
From lithium battery chemical recycling to smart media, blockchain infrastructure to student-centric educational software, and Sub-Saharan African fintech to cultured-meat production, this batch of companies is sure to wow the investors and the audience. Verdi , EyeGage , Animal Alternative Technologies , RoboDeck , Adventr.
Some automakers are developing hydrogen-powered cars as a possible alternative to EVs that use lithium-ion batteries. Hydrogen fuel cells — which use compressed hydrogen as their fuel and release only water vapor — have been in development for decades. The East Coast is trying to get in on the action.
Founded in 2012, the accelerator is focused on developing early-stage companies tied to the University of California system. Building on technologies developed in the stem cell research labs of UCSF, EndoCrine is looking to commercialize a better way to discover and develop drugs. Image Credits: EndoCrine Bio, Inc. Serinus Labs.
Italian climate startup Energy Dome , which has developed a “CO 2 Battery” for storing renewable energy, has closed a €40 million (~$44M) Series B round — bringing the total raised for its novel energy storage solution to €54M (or just shy of $60M). And mining for lithium raises environmental concerns in and of itself.)
DCJ and Yadea will jointly invest $50 million in an operating company to develop new two-wheel vehicles with their own branding that use the Gogoro Network, including its batteries, drivetrains, controllers and other components. Luke said this means once the joint venture expands beyond Hangzhou, it will be able to grow quickly.
Fisker’s decision to axe the solid-state program comes after his startup spent its first few years working to develop the technology. By early 2019, though, the startup postponed a planned sports car that was based on the solid-state technology and pivoted to the Ocean, which uses a more common lithium-ion battery.
The Sion is expected to have a range of 190 miles using a 54 kwH lithium iron phosphate (LFP) battery, supplied by China’s BYD, that is considered to be more sustainable because it doesn’t have manganese, nickel or cobalt — precious metals that have a high environmental and ethical impact. “One base” vehicle platform.
They can't produce the vehicles because the battery technology isn't there. We are seeing some breakthroughs on this. Through that, I believe it is possible. BB: Is there anything else you want people to know about the Freedom from Oil campaign or Plug-in Partners, or Plug-in Bay Area?
The lithium-ion batteries that power our phones, laptops, and even cars are inherently imperfect and destined to degrade over time. While certain tips and tricks can speed up the process and extend your phone batterys life , theres nothing you can do about the limitations of the lithium-ion batteries in your devices.
The braces connect to a small backpack which houses the lithium-ion batteries, the air compressor, and the computer. I was worried about the lithium-ion batteries in the cold, but it typically gets around eight hours per charge. This is one of those products that’s greener and better than the alternatives. It blew me away.
Additionally, the Volkswagen-invested battery maker announced its participation in the global race to make all-solid-state batteries, as China looks to catch up with rivals in producing an alternative battery success story. The Biden Administration has said it would increase the tariff rate for Chinese non-EV lithium-ion batteries from 7.5%
It’s cheap, on-demand, universal, portable, an order of magnitude more efficient than lithium-ion batteries, and much safer. Unfortunately, lithium-based battery technology still only has one-tenth the maximum energy density of gasoline (which is around 50 megajoules per kilogram). Why do we still burn coal? Leather and fabrics.
Chinese startups rush to bring alternative protein to people’s plates. Last year could well have been the dawn of alternative protein in China. Chinese startups rush to bring alternative protein to people’s plates. But the humble lithium-ion battery powering these cars and trucks leads a difficult life.
It’s to make sure that we’re developing technologies that can scale across the complete organization, across those combines you referenced, and the tractors and the sprayers, and the construction products, and deploy that technology as quickly as possible. Is that something you develop internally? Is that something you outsource?
Along the way, Musk has developed relationships with senior Chinese leaders, notably Premier Li Qiang, Chinas No. CATL) , the worlds largest producer of lithium-iron-phosphate batteries, and a major Tesla supplier, to its list of Chinese military companies that produce both civilian and military goods.
NEVI requires EV charging stations in the first phase to be installed every 50 miles along the federally approved alternative fuel corridors , and that they be within one mile of those routes. Department of Energys Alternative Fuels Data Center. But they arent evenly dispersed throughout the state.
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