Unpacking the Inflation Reduction Act The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. We may never know what Machiavellian machinations persuaded Senator Manchin to release Santa Claus, but the merry old elf is coming… Read more »
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ConnectDER and Siemens Partner to offer a simple and clever solution for Level 2 charging installations
ConnectDER’s meter collar working together with Siemens’s charging station could save up to 80 percent of installation costs Getting set up to charge an EV at home is easy and affordable—except when it isn’t. For many, especially those who live in older homes, installing a home Level 2 charging station may require an upgrade to… Read more »
MintAir and Jaunt Air Mobility partner on slowed-rotor eVTOLs for Korean market
MintAir has signed a Letter of Intent (LoI) with Dallas-based Jaunt Air Mobility to purchase up to 40 Jaunt Journey electric vertical takeoff and landing (eVTOL) aircraft. Jaunt is working on an eVTOL aircraft using Slowed Rotor Compound (SRC) technology, which slows the rotor once aloft (the rotor tip speed equaling the aircraft’s pace) thereby… Read more »
Mullen Automotive acquires Bollinger Motors
EV manufacturer Mullen Automotive has acquired a controlling interest in EV truck innovator Bollinger Motors. Mullen paid $148.2 million in cash and stock for a 60% controlling interest. Mullen says the acquisition will enable its entry into the market for medium-duty trucks (Classes 3-6), while also positioning Bollinger to capture the electric sport utility and… Read more »
Keliber verifies its ore for lithium hydroxide production
Keliber, a Finnish mining and battery chemical company, has completed a pilot-scale test to verify the behavior of its ore at all stages of the lithium hydroxide production process. In a 400-hour long pilot-trial, ore from the company’s Rapasaari deposit in Finland was used to make lithium hydroxide at Metso Outotec’s demonstration plant in Pori,… Read more »
Battery material firm Nexeon raises $170 million in investment round
Battery materials manufacturer Nexeon has completed the second close of an investment round, bringing the round’s total investment to $170 million. “The capital raised will provide Nexeon with further resources to accelerate the expansion of its own manufacturing capabilities to mass produce tens of thousands of metric tons annually of its silicon-based anode materials for… Read more »
Toyota to invest $5.6 billion to boost EV battery production in Japan and North Carolina
Toyota, that most enigmatic of major automakers, is slowly increasing investment in its struggling electrification efforts, even as it continues to lobby against government climate action, and sings the praises of ICEs in its corporate communications. The company recently announced plans to invest an additional $2.5 billion in a US facility that will manufacture batteries… Read more »
San Diego resort deploys smart EV charging with battery energy storage
Sycuan Casino Resort plans to deploy 40 Level 2 chargers, 5 DC fast chargers, and a 250 kW/560 kWh battery energy storage system (BESS) at its San Diego location. To complete this project, Sycuan partnered with PowerFlex, a provider of intelligent onsite clean energy solutions. The EV chargers are integrated into a network that uses… Read more »
SparkCharge raises $7 million in new investment, expands on-demand charging service to 12 new cities
Mobile charging specialist SparkCharge has secured an increased Series A investment of $7 million from Cleveland Avenue, bringing the company’s total Series A funding to $30 million. The company will use the new funds to finance its aggressive growth strategy. SparkCharge has also announced plans to expand its Currently on-demand EV charging delivery service app… Read more »
LG Energy Solution and Honda form JV for EV battery production in the US
LG Energy Solution and Honda have agreed to establish a joint venture to produce lithium-ion batteries in the US to power Honda and Acura EV models for the North American market. The two companies will invest a total of $4.4 billion to establish a new US plant that will eventually have an annual production capacity… Read more »