Nth Cycle plans to use the funding to support commercialization through a new partner testing facility, commercial team growth and headquarters expansion.
Nth Cycle Raises $44 Million to Advance Sustainability in Critical Metals
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Report: Second-Life EV Battery Market Projected to Reach $9.93 Billion
Second-life batteries may be used in various residential, commercial, and industrial applications as energy storage.
Infinium, Breakthrough Energy Catalyst Make $75 Million Low Carbon Fuel Project Investment
The equity investment commitment will support Infinium’s Project Roadrunner, which will convert waste carbon dioxide and renewable power into low carbon eFuels, and has helped create deals with American Airlines and Citi.
Shipping Sector Faces ‘Significant Decarbonization Challenges’: Few Alternative Fuel Options, High Costs
According to a recent report from Sustainable Fitch, maritime shipping is struggling to decarbonize as alternative fuel options are reportedly economically unviable and remain in early stages of development.
Virgin Atlantic Completes Transatlantic Flight with 100% SAF, Eyes Expanding its Use
The flight aims to prove the SAF’s viability as an option for decarbonizing air travel, but major government and private investment will reportedly be required to scale production toward meeting net-zero targets.
Gulfstream Completes Transatlantic Flight Powered by 100% SAF
According to the company, it is the first business jet original manufacturer to fly on 100% SAF.
Mercedes-Benz Launches North America EV Charging Hub
The company says the new Hub, located at its U.S. headquarters, marks the first step in launching its EV charging network across the continent.
Toyota to Source Recycled EV Battery Materials from Redwood
For Toyota’s products, Redwood plans to use a minimum of 90% recycled materials, including nickel, lithium, and cobalt, for its cathodes and will use 100% recycled copper in its anode copper foil.
Wärtsilä Releases Ammonia Engine for Marine Transport
The company says the engine system, which has been previously able to operate on diesel, liquefied natural gas, and biofuels, allows for easy adoption of sustainable fuels.
Recyclus Launches Lithium-Ion Battery Storage Solution
The new product will reportedly fill demand for safe storage and handling of end-of-life lithium ion batteries, commonly used for EVs.