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Category: Battery Technology

Battery Technology / Private Equity / Startups / Venture Capital

Our Next Energy raises $300 million in Series B

NOVI–Our Next Energy Inc., the Novi-based energy storage technology company, today announced it has closed a $300 million Series B capital raise at a post-money valuation of $1.2 billion. The round was led by the Los Angeles venture capital firm Fifth Wall and the San …

Battery Technology / Electric Vehicles / Hybrid Electric Vehicles / Solar Power

Spruce Power exits hybrid, EV business to concentrate on solar power

WIXOM—Spruce Power Holding Corp. (NYSE: SPRU) has announced final plans to exit its legacy business in fleet electric and hybrid vehicle powertrain development to concentrate on solar energy operations. In …

Auto Suppliers / Battery Technology / Electric Vehicles

Lear wins ‘major’ electrification program for GM

SOUTHFIELD—Lear Corp. (NYSE: LEA), the automotive electronics and seating supplier, announced that it had been selected by General Motors to be the exclusive supplier of battery disconnect units on all …

Advanced Manufacturing / Battery Technology / Electric Vehicles

Coretec names Matthew Hoffman COO

ANN ARBOR–The Coretec Group (OTCQB: CRTG), developers of silicon anode active materials for lithium-ion batteries and cyclohexasilane for electric vehicles, cleantech, and emerging tech applications, today announced that Matthew Hoffman, …

Advanced Materials / Battery Technology

Coretec cites positive results from tests on nanowire for batteries

ANN ARBOR–The Coretec Group Inc. (OTCQB: CRTG), developers of silicon anode active materials for lithium-ion batteries and cyclohexasilane (CHS) for cleantech and emerging tech applications, today announced the initial findings …

Battery Technology / Electric Vehicles / Fleet Vehicles

American Battery Solutions rolls out new batteries, buys IP

LAKE ORION–American Battery Solutions announced it is starting production of a new line of lithium-ion batteries for the fleet, commercial, off-highway and marine markets, the Proliance Intelligent Battery Series T350-50. …

Battery Technology / Energy Storage / Renewable Energy

Advanced Battery Concepts enters grid-scale storage market

CLARE–Advanced Battery Concepts LLC announced its entry into large-scale, long-duration energy storage market. Edward Shaffer, founder and CEO, made the announcement at the global European Lead Battery Conference (ELBC) in …

Battery Technology / Electric Vehicles / Manufacturing

Lear to supply tech for GM’s Ultium battery platform

SOUTHFIELD–Officials at Lear Corp. (NYSE: LEA) announced the company has been selected by General Motors Co. to supply key electrification technologies for the automaker’s Ultium global electric vehicle platform. The …

Battery Technology / Electric Vehicles

Lake Orion firm’s batteries power new electric boat

LAKE ORION—Officials at American Battery Solutions Inc. announced that is adding its lithium-ion battery technology, the high-voltage Proliance Intelligent Battery Series, into a new line of electric boats. The Proliance …

Battery Technology / Electric Vehicles / Electricity Storage

Clare battery company gets deal for up to 10,000 EV charging stations

CLARE—Advanced Battery Concepts LLC, the Clare-based company bringing advanced technologies to the lead-acid batteries long used in automotive applications, has announced an agreement with Englewood, Colo.-based GreenCore EV Services LLC …

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