FREYR Battery has formed a joint venture with Koch Strategic Platforms (KSP) to develop an initial 50 GWh of battery cell manufacturing capacity in the US based on 24M Technologies’ SemiSolid platform technology. KSP and FREYR have invested $70 million in convertible notes with 24M. 24M’s SemiSolid technology reduces the number of steps required to… Read more »
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FREYR building Customer Qualification Plant to produce battery cells in Norway
FREYR Battery will proceed with the construction of its Customer Qualification Plant (CQP) and first battery cell production line in Mo i Rana, Norway. Preparatory work on the facility is already ongoing, and operations are scheduled to begin in the second half of 2022. The CQP production line is based on 24M Technologies SemiSolid lithium-ion… Read more »
Why US battery startups fail – and how to fix it
Despite growing EV sales, battery startups in the US have largely failed, even when supported by major investors such as Bill Gates. Only 36 battery startups received more than $500,000 in funding since 2000, and of these, only two returned any profit, according to the tech industry analysis firm CB Insights. According to a new… Read more »
ARPA-E awards $3.5 million to develop ultra-high-energy density batteries
The DOE’s Advanced Research Projects Agency-Energy (ARPA-E) has awarded $3.5 million in funding to a team that includes 24M, Sepion Technologies, Berkeley Lab, and Carnegie Mellon University. The funds will be used to develop novel membranes and lithium-metal anodes for a new generation of high-energy-density batteries. 24M’s core technology is semi-solid lithium-ion, a new class… Read more »
UK offers £24 million in funding for low-emission freight and logistics vehicle trials
The UK’s Office for Low Emission Vehicles has launched a new £24-million funding competition to enable industry-led research trials and development of innovative vehicles and related technology for the freight, logistics, utilities and emergency industries. The competition consists of two streams. Stream 1 will fund real-world trials of vehicles and on-vehicle technology, supporting small trial… Read more »
Tesla Q4 earnings: still in the red, but great things coming soon
Tesla’s earnings report for the 4th quarter of 2014 followed the usual pattern: there’s plenty of good news, but the company is still operating at a loss; Elon Musk dropped his customary vague hint of more wondrous goodies to come in the future; and the stock market reacted in its usual way – TSLA shares… Read more »
