Compass Minerals International Inc said on Wednesday it will use a lithium extraction technology developed by EnergySource Minerals LLC to produce the electric vehicle battery metal for Ford Motor Co and others. Washington has been pressing for U.S. companies to find greener ways https://www.reuters.com/business/sustainable-business/new-lithium-technology-can-help-world-go-green-if-it-works-2022-04-07 to boost domestic production of battery metals and lessen the country’s […]
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The secret behind Elon Musk’s goal of selling 20 million Tesla’s a year by 2030 lies in its pioneering battery technology. The good news is that by using bigger cells and a new process to dry-coat electrodes, Tesla could halve the cost of a Model Y battery, saving more than 8 percent of the car’s […]
The Inflation Reduction Act (IRA) includes the “largest investment ever in combating the existential crisis of climate change”, according to President Joe Biden, who will sign the bill into law later on Tuesday. Around $369 billion of federal funds will flow into climate change and energy security, boosting domestic capacity to produce wind turbines, solar […]
Tesla Inc Chief Executive Officer Elon Musk sells Tesla stock with $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform. “In the (hopefully unlikely) event that Twitter forces this deal to […]
A group of 10 U.S. House Democrats on Friday asked President Joe Biden’s administration to build electric vehicle charging stations together with broadband internet infrastructure under the $1 trillion infrastructure law approved in November 2021. As part of that measure, Congress set aside $42.45 billion in grants to expand broadband, including building fiber or other […]
Tesla Inc said on Friday trading in its three-for-one split shares will start on Aug. 25, after the electric vehicle maker’s shareholders approved the proposal during its annual meeting. Shareholders of the EV maker voted for board recommendations on most issues at the company’s annual meeting on Thursday, including re-electing directors, approving a stock split, […]
A joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd’s Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States. The binding supply deal, announced on Sunday, is the second in less than a month for ioneer and a strong vote […]
The U.S. Energy Department on Monday announced it intends to loan a joint venture of General Motors Co and LG Energy Solution $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities. The conditional commitment for the loan to Ultium Cells LLC for facilities in Ohio, Tennessee, and Michigan is expected to […]
Could solar-powered EV charging stations be able to supply electric vehicles with the energy they need? They may very well be. That appears to be the main finding of a study carried out by a group of scientists from Oregon State University. Casey L. Steadman and Chad W. Higgins, the researchers, looked at the viability […]
The DeLorean Motor Company (DMC) announced, almost a year ago, in early 2021, hopeful news for Back to the Future fans. The Texas-based company which owns the copyrights to the DeLorean name teased its fans about the potential of releasing a new electric vehicle (EV) stamped with the same name as the Back to the […]