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Ensorcia invests €200 million to build lithium hydroxide conversion plant in Europe

Charged

Chile-based Ensorcia Metals , a specialist in extraction and transformation of lithium, reports that as a first step in its global expansion plans, it will invest €200 million for the construction of a European lithium hydroxide conversion plant under the auspices of its subsidiary, Sorcia Europe. Source: Green Car Congress

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Hydrostor inks $250 million investment for energy storage growth

Renewable Energy World

Goldman Sachs is investing $250 million to help the company build more than 1 GW/8.7GWh of its Advanced Compressed Air Energy Storage (A-CAES) projects in California and Australia. The company’s project pipeline represents more than 6 GW and 65 GWh and is focused in North America, South America and Australia.

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Operational clean hydrogen production projects set to double globally within the next five years

Envirotec Magazine

followed suit through the introduction of a clean hydrogen production tax credit through the Inflation Reduction Act and a hydrogen hubs program through the Infrastructure Investment and Jobs Act (IIJA) whilst also introducing its National Clean Hydrogen Strategy and Roadmap. Meanwhile, the UK launched its hydrogen strategy in 2021.

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GM leads $50-million funding round in EnergyX to develop US lithium supply

Charged

GM’s investment arm GM Ventures is leading a $50-million Series B financing round in Energy Exploration Technologies ( EnergyX ) and will develop the company’s lithium extraction and refinery technology. This could help create a lithium supply chain in North America that may otherwise be unviable, the company said.

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Volkswagen to turbocharge global EV push with €120bn investment

Business Green

As such, Volkswagen said it was well positioned to drive profitable growth in key markets worldwide, as it announced plans to invest €180bn from now until 2027 "in the most attractive profit pools and regions", with more than two-thirds of that funding - €120bn - geared towards its electrification and digitisation plans. "We

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Brookfield Renewable, Plug Power partner on hydropower-fueled hydrogen plant

Renewable Energy World

We are proud to be able to bring quality jobs and invest in the local economy in Lancaster County, PA through this green hydrogen production facility.”. “This is another step in our quest to build the green hydrogen economy in the USA and globally thereafter,” said Andy Marsh, chief executive officer of Plug Power. “We

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Honda announces new EV division

Business Green

The new regional operations will be based in North America, China, and a third operation known as Associated Regions, which will combine four current regional operations including Japan, Asia, South America, and Europe.