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Siemens Energy to supply 1.8GW of electrolyzers to HIF Global for Texas eFuels facility

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eFuels company HIF Global ( earlier post ) and Siemens Energy reached an agreement under which Siemens Energy will supply electrolyzers to the HIF Matagorda eFuels Facility. We face a time of incredible expansion in hydrogen production amid global supply chain challenges.

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Texas awards SpaceX $17.3M grant to expand Bastrop tech hub

Teslarati

Texas Governor Greg Abbott announced Wednesday that SpaceX has received a $17.3 million grant from the Texas Semiconductor Innovation Fund. The expansion is expected to create over 400 jobs and over $280 million in capital investment, as per a press release from the Office of the Texas Governor. We love Texas.

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Nacero awards 20-year wind power purchase agreement to NextEra for natural gas-to-gasoline plant in Texas

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Texas-based Nacero, a company seeking to produce low- and zero-lifecycle carbon footprint gasoline blendstock ( earlier post ) has awarded a subsidiary of NextEra Energy Resources, LLC a 20-year power purchase agreement to supply wind power to Nacero’s planned flagship manufacturing facility in Penwell, Texas.

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Canaccord reaffirms Tesla’s price target of $404 after Giga Texas visit

Teslarati

Canaccord Genuity reaffirmed its price target of $404 for Tesla after a visit to Gigafactory Texas. The firm’s first-quarter delivery estimates for Tesla reveal its optimistic take on the company’s future, even though it is still below the consensus estimate of ~417,000 vehicles.

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Mitsubishi Power & Texas Brine partner on large-scale salt cavern storage for hydrogen to support decarbonization efforts in the eastern US

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Mitsubishi Power Americas and Texas Brine Company are collaborating to develop large-scale long-duration hydrogen storage solutions to support decarbonization efforts across the eastern United States. Texas Brine gas storage cavern wellhead. Credit: Texas Brine Company). Texas Brine caerns available for storage.

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Direct lithium extraction company EnergyX secures $20M in funding commitments

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Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. In 2020 global supply was roughly 315k tons; this is expected to rise to 5.5M tons by 2040. Source: EnergyX.

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GM and Glencore enter multi-year cobalt supply agreement

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Glencore and General Motors announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. The company will then expand into magnet manufacturing around 2025 at its new production facility in Fort Worth, Texas.

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