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BMW i Ventures co-leads investment in circular supply chain company Cyclic Materials; recycling rare earth elements

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BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). The financing will be used to establish a hub and spoke network for the company’s commercial scale operations.

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WiTricity raises $34M in venture capital, including strategic investment from Mitsubishi

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The infusion of capital will enable WiTricity to continue its leading-edge wireless power platform development, expand its intellectual property portfolio, and capitalize on the commercial momentum for wireless charging for electric vehicles (EVs) and in the broader mobility market.

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The Metals Company contracts CSIRO-led consortium to develop environmental monitoring and management plan for deep-sea nodule collection

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The company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga. Deep sea mining remains controversial.

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Northvolt raises $1.B to support factory rollout plans in Europe; close to $8B since 2017

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billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries. International plc act as joint placement agents to Northvolt. Northvolt signed a $1.1-billion Goldman Sachs Bank Europe SE, J.P. Morgan AG, and Morgan Stanley & Co.

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Electric Vehicle Arteries (EVA+) fast charging: Enel, Verbund, Renault, Nissan, BMW & Volkswagen partner in Italy & Austria

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Enel, as coordinator, and Austria’s main utility Verbund are collaborating on a fast-recharging network project in Italy and Austria, alongside some of the world’s largest EV carmakers including Renault, Nissan, BMW and Volkswagen Group Italia (represented by Volkswagen and Audi).

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MIT, Scripps study examines behavior of midwater sediment plumes from deep-sea nodule mining

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In April, the BMW Group, WWF and other companies—including the Volvo Group—undertook, as a precautionary measure, not to use deep-ocean minerals or finance deep-sea mining until comprehensive scientific research into the impact of deep-sea mining can be conducted and the consequences for the environment are clearly assessed.

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SAE technical experts: fuel cell technology has advanced significantly, FC vehicle production has begun, further cost reductions & infrastructure development required

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The panel, moderated by Jesse Schneider, BMW, included Takashi Moriya, Senior Chief Engineer at Honda R&D; Dr. Will James, Manager, Safety, Codes, and Standards at the US Department of Energy (DOE); and Dr. Ralph Clague, Head of Motive Systems and Architecture, Intelligent Energy. Intelligent Energy.

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