Just outside of Munich, a startup plans a new process to recycle Lithium-ion bat...
source link: https://finance.yahoo.com/news/just-outside-munich-startup-plans-060047920.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Just outside of Munich, a startup plans a new process to recycle Lithium-ion batteries
S&P Futures
3,916.75+6.25(+0.16%)Dow Futures
31,185.00+19.00(+0.06%)Nasdaq Futures
12,061.75+42.75(+0.36%)Russell 2000 Futures
1,793.40+0.80(+0.04%)Crude Oil
86.10-0.78(-0.90%)- 1,714.70+1.80(+0.11%)
Silver
18.08+0.17(+0.96%)EUR/USD
0.9920+0.0017(+0.1707%)10-Yr Bond
3.34000.0000(0.00%)- 26.68+0.69(+2.65%)
GBP/USD
1.1509-0.0008(-0.0738%)USD/JPY
144.0220+1.2650(+0.8861%)BTC-USD
18,825.21-1,062.71(-5.34%)CMC Crypto 200
451.99-28.52(-5.94%)FTSE 100
7,246.81-53.63(-0.73%)Nikkei 225
27,430.30-196.21(-0.71%)
Just outside of Munich, a startup plans a new process to recycle Lithium-ion batteries
Companies like Redwood Materials (raised $792M), Li-Cycle, (Canada, raised $667.7M) and Green Li-ion (Singapore $15M) have made a name for themselves in recycling batteries. The activity of recycling existing lithium batteries remains one of the hardest nuts to crack as the world tries desperately to move to more renewable, clean, sources of energy.
Right now Lithium-ion batteries are one of the few viable solutions for decarbonizing energy, but the world has a high dependence on countries which mine Lithium, which creates undesirable environmental impact, supply chain constraints and geopolitical tensions.
tozero is a new startup out of Germany which says it is offering a novel process to recover critical materials such as lithium, nickel, and cobalt from lithium-ion batteries.
It’s now raised €3.5m in a Pre-Seed financing round led by Berlin-based Atlantic Labs. Verve Ventures, Possible Ventures, angels and other founders joined the round, for example former VW board member Jochem Heizmann, as well as co-founders of Personio and FINN, among others.
With the fresh funding, tozero will build their prototype plant in Munich, Germany. This is where one-third of Europe’s lithium-ion batteries are planned to be produced by 2030.
Sarah Fleischer and Dr. Ksenija Milicevic Neumann, tozero’s co-founders, also have the support and technical advise of Prof. Bernd Friedrich, a pioneer in battery recycling research at IME, RWTH Aachen University.
Tozero’s idea is to put the raw materials from batteries such as lithium, cobalt, nickel etc. back into the market as fresh battery-grade materials to battery producers. If it works, this would decrease the environmental footprint of the battery industry. One can but hope...
ReutersLithium Australia signs lithium-ion battery recycling deal with LG Energy Solution
As per the agreement, LG Energy will deliver the batteries to Envirostream's facilities in Melbourne, Lithium Australia said, adding that the volumes are nearly a quarter of the collection in fiscal 2022. Lithium Australia-owned Envirostream recovers around 95% of the materials from an exhausted battery, according to its website, and it has recycled more than 85 tonnes of LG Energy's batteries since 2018. For fiscal 2022, Envirostream's battery collection volumes were about 1.09 thousand tonnes.
7h ago
ReutersChina clears roads to earthquake epicentre, death toll rises to 74
BEIJING (Reuters) -China has reopened roads leading to the epicentre of Monday's 6.8 magnitude earthquake in the southwestern province of Sichuan and traffic has resumed, state media reported on Wednesday, while the death toll has risen to 74. The strongest earthquake to hit the province since 2017 destroyed numerous buildings and caused severe damage to power and water infrastructure as well as telecommunications. Rescuers had rushed to reach stranded people, restore utilities and send emergency relief, while 11,000 people were evacuated on Tuesday from Luding county, where the quake was centred.
6h ago
BloombergRepsol Sells $3.4 Billion Stake in Shift From Fossil Fuels
(Bloomberg) -- Spanish oil and gas giant Repsol SA is selling a quarter of its exploration and production division for $3.4 billion to a US private equity firm, in a dramatic downsizing of its exposure to fossil fuels.Most Read from BloombergRussia Privately Warns of Deep and Prolonged Economic DamageEnergy Trading Stressed by Margin Calls of $1.5 TrillionIndian Billionaire Closes In on Bezos With 1,000% Stock SurgeUkraine Latest: US Says Russia Seeks Munitions From North KoreaStocks End Well Of
1h ago
Fox WeatherWatch: Day turns to apocalyptically orange night as dust storm strikes Arizona
A raging dust storm turned an ordinarily blistering hot late summer day in Arizona into a surreal nighttime adventure Friday.
12h ago
TechCrunchWaysia raises €10M to deliver Asian grocery in Europe
Waysia, an Asian grocery delivery platform, is one of such startups that retooled in response to the pandemic. Previously known as Alorsfaim, Waysia started out in Paris four years ago as a platform delivering from Asian restaurants and supermarkets to customers. The mismatch between demand and supply inspired Waysia to open its own warehouse and start procuring directly from suppliers, like farms specializing in Asian produce in the Netherlands, France, and Spain.
2h ago
Yahoo Finance'We don’t have enough' lithium globally to meet EV targets, mining CEO says
One miner warned that domestic resources for lithium, the most critical mineral used for electric vehicle production, may not be sufficient enough to meet some U.S. climate targets.
2d ago
TechCrunchSnappRetail helps Pakistan’s kiryanas compete against supermarkets
The number of global retailers, department stores and supermarkets operating in Pakistan is increasing, which spells convenience for consumers, but trouble for kiryanas, or small general stores. According to a report by the State Bank of Pakistan, general stores’ growth will slow down, especially in urban centers, as large retail outlets continue to expand their networks. Karachi-based SnappRetail wants to help them digitize all their operations, while also providing micro-loans.
2h ago
TheStreet.comMusk's Promise to Sell 20 Million Teslas Hinges on This One Thing
Elon Musk has, for years, been making big promises about the future of electric vehicles and Tesla in particular, saying last spring that the carmaker would sell as many as 20 million cars per year. A Tesla semi truck was also promised by 2019, while the earliest deliveries are now not expected any earlier than 2023. According to a new report released by Reuters, one major thing is standing in between Musk's promise to sell that many Teslas every year -- the 4680 battery that the company announced back in 2020.
11h ago
Insider Monkey10 Alternative Energy Stocks to Buy Amid Energy Crisis in Europe
In this article, we will discuss the 10 alternative energy stocks to buy amid the energy crisis in Europe. If you want to explore similar alternative energy stocks that can be eco-friendly plays, you can also take a look at 5 Alternative Energy Stocks to Buy Amid Energy Crisis in Europe. As concerns around climate […]
19h ago
MarketWatchEPA denies Cheniere Energy’s request for LNG pollution waiver
The Environmental Protection Agency on Tuesday denied a request by Cheniere Energy, a leading U.S. producer of liquefied natural gas, to exempt two Gulf Coast plants from a federal air pollution rule.
9h ago
Barrons.comEnphase Stock Is Rising. The Solar Firm Expanded a Partnership.
Solar-equipment firm Enphase announced it will expand a global partnership with Munich-based renewable-energy company, BayWa.
14h ago
Miami HeraldHe pulled an odd fish with really big teeth from a North Miami Beach pond. Was it a piranha?
A few weeks ago, Eric Estrada, an artist and ardent fly fisherman who lives in North Miami Beach, decided to visit a neighborhood pond. He hoped to hook his usual catches of peacock bass, snook or tarpon.
1d ago
ReutersBiden administration denies Cheniere's request to sidestep LNG pollution rule
WASHINGTON (Reuters) -The U.S. Environmental Protection Agency (EPA) said on Tuesday it has denied a request from leading liquefied natural gas (LNG) exporter Cheniere Energy Inc to exempt turbines at its two U.S. Gulf Coast terminals from a hazardous pollution rule. The rejection raises questions about whether the Texas-based company will have to reduce exports of the supercooled fuel to install new pollution control equipment at its facilities at a time that Europe is depending on increased shipments of LNG from the United States to offset cuts from Russia. Europe is facing its worst-ever gas supply crisis, with energy prices soaring and German importers discussing possible rationing in the European Union's biggest economy after Russia reduced gas flows westward.
12h ago
ReutersInside Tesla's drive to keep Musk's battery promise
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% of the car's U.S. starting price, battery experts with ties to the company said. The bad news is that it's only halfway there, according to 12 experts close to Tesla or familiar with its new technology. That's because the dry-coating technique used to produce the bigger cells in Tesla's 4680 battery is so new and unproven the company is having trouble scaling up manufacturing to the point where the big cost savings kick in, the experts told Reuters.
1d ago
Investor's Business DailySunrun, IBD Stock Of The Day, Lights Up Residential Solar Market
Sunrun stock has popped above its 200-day moving average and currently is finding support among investors at the 10-week line.
11h ago
The IndependentAs Africa's climate warms, rich countries pledge more funds
Rich countries said they will spend about $25 billion by 2025 to boost Africa’s efforts to adapt to climate change as the continent continues to struggle with drought, cyclones and extreme heat, according to officials at a summit in Rotterdam in the Netherlands on Monday
2d ago
Scientists fight to protect DR Congo rainforest as threats increase
A tower bristling with sensors juts above the canopy in northern Democratic Republic of Congo, measuring carbon dioxide emitted from the world's second-largest tropical rainforest.
1h ago
The HillEquilibrium/Sustainability — ‘Renewable’ waste pit leaches into waterways
A pit of hog waste in eastern North Carolina billed as a renewable energy solution leaked tens of thousands of gallons of toxic sludge into local waterways for months over the summer, the Raleigh News & Observer reported. But though that spill — which seems to have burst through the pit’s plastic lining — contained…
10h ago
News DirectEaton's Positive Impact Solutions: Designed With a Purpose
Countries around the world have committed to ambitious targets to reduce greenhouse gas emissions. According to the World Resources Institute, net-zero commitments have been made by one-fifth of th...
13h ago
ReutersU.S. envoy Kerry urges China to resume talks to avoid climate crisis
U.S. climate envoy John Kerry on Tuesday urged China to resume bilateral talks to avert a global warming crisis, and called on world leaders to speed up their energy transition away from fossil fuels. The United States and China, the world's biggest economies, must work together to address climate change, Kerry said.
1d ago- Miami Herald
Gator hunting season leads to startling sight traveling on I-95, Florida photo shows
“Is that an actual real gator, or a pool float?”
13h ago - Reuters
Nissan to acquire automotive battery firm Vehicle Energy Japan
Japan's Nissan Motor Co said on Wednesday it had agreed to acquire all the common shares in Vehicle Energy Japan Inc held by the lithium-ion battery maker's biggest shareholder. Nissan added that after the acquisition of the shares held by the Innovation Network Corporation of Japan (INCJ), a state-backed fund, Vehicle Energy Japan will become its consolidated subsidiary, in which it will hold shares alongside existing shareholders Maxell Ltd and Hitachi Astemo Ltd. Nissan did not provide any financial details of the deal.
7h ago - News Direct
Sapphire Technologies to Generate Electricity Using Waste Energy at Liquefied Natural Gas Terminal in Japan
This project marks Sapphire Technologies’ plans to harness wasted pressure energy on a global scale
19h ago The power of crabs: Shells used as batteries
Scientists looking for alternative fuel sources say they have made biodegradable batteries from a substance found in crab shells.
17h ago- Los Angeles Times Opinion
Letters to the Editor: Resistance against California's EV mandate is inevitable. Regulators must prepare
A reader whose first electric vehicle was taken away in 2004 warns that automakers and fossil fuel interests will try to delay the 2035 EV rule.
22h ago - TechCrunch
Solar-powered carmaker Lightyear raises $81M and gears up for production
Lightyear, a Dutch startup developing a long-range hybrid solar-powered car, today announced that it has raised €81 million ($81 million) as it prepares to begin production of its first vehicle in the coming months. While recent history is littered with examples of prototype solar-powered vehicles, the burgeoning electric car movement has so far been mostly limited to automobiles that need to be plugged into the grid to charge, or hybrid electric vehicles (HEV) that self-charge while driving. A number of companies are pushing to make solar-powered cars a mass-market reality, however, such as Germany's Sono Motors, which recently revealed the final production design of its inaugural solar-electric vehicle, scheduled to launch some time in 2023, and Lightyear, a six-year-old startup that debuted its prototype back in 2019, which had previously raised more than $100 million in funding.
1d ago - Zacks
Duke Energy (DUK) Begins Blue River Solar Facility Operations
Duke Energy's (DUK) arm, Duke Energy Indiana, reveals the beginning of the operation of its Blue River Solar Facility at Toray Resin company's Shelbyville campus.
18h ago - Associated Press
Rescued Irrawaddy dolphin calf dies despite weeks of care
An Irrawaddy dolphin calf who was rescued and nursed day and night for weeks by veterinarians and volunteers after his rescue from a tidal pool on Thailand’s shore has died despite all their efforts, officials who were providing emergency care for the animal said Wednesday. The baby was nicknamed Paradon, roughly translated as “brotherly burden,” when he was found by fishermen on July 22, and dozens of veterinarians and volunteers helped care for him at Thailand’s Marine and Coastal Resources Research and Development Center in Rayong in the Gulf of Thailand.
2h ago - Raleigh News and Observer
‘Really terrible science experiment’ leads to weeks-long spill from NC hog-waste lagoon
The farm turned dead pigs, rotten meat and hog manure into electricity. Its system oozed more than four Olympic-size swimming pools of foam while NC weakened regulations.
22h ago - HuffPost
Bear Spotted Chilling In California Swimming Pool
"He's welcome in my yard as long as he doesn't kill me or my family," the homeowner quipped.
2d ago - Barrons.com
How China Is Driving Demand for EVs
Chinese consumers are increasingly drawn to electrified vehicles for fuel savings that are matched by China's strong EV infrastructure support.
20h ago - Bloomberg
China Sees Cement Pollution Beating Target With Peak Before 2023
(Bloomberg) -- China plans to reach maximum emissions from its carbon-intensive cement industry before 2023, several years ahead of its national target.Most Read from BloombergRussia Privately Warns of Deep and Prolonged Economic DamageEnergy Trading Stressed by Margin Calls of $1.5 TrillionIndian Billionaire Closes In on Bezos With 1,000% Stock SurgeUkraine Latest: US Says Russia Seeks Munitions From North KoreaStocks End Well Off Lows With S&P 500 Above 3,900: Markets WrapThe country’s buildin
9h ago Florida Fish and Wildlife proposes lionfish challenge to keep invasive species in check
The Florida Fish and Wildlife Conservation Commission introduced a new challenge to curb lionfish numbers.
13h ago- Bloomberg
Yellen Says US Back on Track to Ending Fossil-Fuels Dependence
(Bloomberg) -- The US is on track to hit ambitious emissions-reduction goals following recent climate legislation that encourages investment in green technology, Treasury Secretary Janet Yellen will say in a speech in Detroit on Thursday.Most Read from BloombergRussia Privately Warns of Deep and Prolonged Economic DamageCalifornia Power Use to Hit Record, Raising Chance of BlackoutsWorld’s Deadliest Roads in Focus After Billionaire’s Fatal CrashAmazon Closes, Abandons Plans for Dozens of US Ware
23h ago - The Wall Street Journal
Sheep Are the Solar Industry’s Lawn Mowers of Choice
The laborious job of clearing weeds in solar-panel fields has triggered a welcome boom for American shepherds and their flocks. “Sheep truly are the appropriate technology for this.”
1d ago - MarketWatch
Yes, we can make EVs cheaper and charge them faster, scientists say
Government researchers claim they have found a way to cut the charging time of electric car batteries already on the road down to about a third of what it is today. In a presentation at the ACS Fall 2022 meeting held in August, lead researcher Eric Dufek of the Idaho National Laboratory said, “We’ve significantly increased the amount of energy that can go into a battery cell in a short amount of time.” Many of today’s electric vehicles take half an hour or more to get to 90% charge, even under the best circumstances.
23h ago - Yahoo Finance Video
California heat wave leading to 'one of several challenging summers' for energy grid: Expert
Wall Street Journal Energy Reporter Katherine Blunt joins Yahoo Finance Live to discuss the heat wave hitting California and what the implications are for the state's energy grid.
12h ago - The Daily Beast
We Can Make This Renewable Energy Out of Thin Air—Literally
Andriy Onufriyenko / GettyTransitioning away from fossil fuels will mean relying on alternative sources to power our machinery, technology, homes, and vehicles. In many ways, hydrogen-based energy seems like our best bet: It can be made from water, a naturally abundant resource, and its uses run the gamut from agriculture to transportation. But right now, clean hydrogen production relies on a process called electrolysis that splits water into its atomic components of hydrogen and oxygen.Electrol
14h ago - The Wall Street Journal
Chinese Blackouts Could Power Up Grid Stocks
Rising spending on renewable power combined with vulnerable infrastructure portend further investment in China’s immense but unwieldy electricity grid.
2d ago - GOBankingRates
Best Hybrid and Electric Cars of 2022: How Much They Cost and More To Know
With gas prices still high, you may be looking to make the switch to a hybrid or electric vehicle. When choosing a hybrid or EV, you need to take certain factors into consideration that you don't have...
2d ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK