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Greentown Labs Member Milestones — October 2022

Greentown Labs

Form Energy raised a $450M Series E for its cost-effective, multi-day energy-storage systems. American Battery Technology Company was awarded a $57M Department of Energy grant to build a $115M, first-of-kind commercial-scale facility to manufacture battery-grade lithium hydroxide from Nevada-based sedimentary resources.

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10 notable battery storage projects that went live in 2021

Renewable Energy World

Concept drawing of an energy storage system. In its most recent Electricity Monthly Update , the U.S. Energy Information Administration said that when it totals up the numbers for 2021, it expects they will show that battery storage capacity grew by 4.5 Source: FirmoGraphs Power Mart ; reproduced from Qlik Sense Enterprise.

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OXIS Energy and Mercedes to build Li-S plant in Brazil

Charged

OXIS Energy and the Minas Gerais Development Company have signed a 15-year lease agreement with Mercedes Benz Brazil (MBB) to take possession of a plant located at the MBB manufacturing site in Juiz de Fora in southeast Brazil, to produce lithium-sulfur battery cells. ” Source: OXIS Energy. ” Source: OXIS Energy.

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? Alterra’s $30B bridge for climate financing #176

Climate Tech VC

In deals, major funding includes $116M for hydrogen-powered aviation, $44M for sustainability software, and $75M in project finance investment for SAFs. In new funds, energy transition infrastructure is bringing in the big bucks with Brookfield's record-breaking $28B infra fund and Antin's $1.2B sustainable infra fund.

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Carbon offsets alone won’t make flying climate-friendly

Grist

It’s packed with energy; per unit of weight, at least 60 times as much as the lithium-ion batteries used to propel electric cars. percent of total warming in 2011 on aviation alone — which may sound small, but the number has been growing fast. It’s also terrible for the climate. The time of day is another X factor.

Carbon 109
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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

Meta-Headlines of 2023 As our beloved industry matures, our hope for when climate tech grows up is for it to “become boring.” Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. Proterra, the dominant electric bus maker, was just one high profile example.

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Global Briefing: French vegan restaurant becomes first to win coveted Michelin Star

Business Green

Currently, only power plants emitting less than 250 grammes of CO2 per kilowatt-hour currently eligible for support under the bank's rules, but the EIB now intends to phase out all funding for fossil fuels before the end of the year. Hamburg coal power plant to be converted into mega-electrolyser for green hydrogen.