<div>
  <ul>
    <li>
      <p>
        Ambri, a developer and manufacturer of cost-effective liquid metal batteries, has signed a Memorandum of Understanding with Reliance Industries, a large Indian conglomerate and a strategic investor of Ambri, to deliver a pilot system.
      </p>
    </li>
    <li>
      <p>
        Reliance is considering establishing 100 GW of solar generation capacity as part of which the company is setting up supportive giga-scale battery manufacturing. The company has set a target of achieving net-zero carbon by 2035 and has committed to invest over USD 10 billion to achieve sustainable, renewable power generation with hydrogen, wind, solar, fuel cells, and batteries at their own facilities.
      </p>
    </li>
    <li>
      <p>
        As such, this MOU furthers the two companies&rsquo; strategic partnership, with Ambri set to ship the system by mid-2023 and with commissioning to be set up after. The companies initially established their partnership in 2021 to set up a large-scale battery manufacturing facility in India for Reliance.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20221018005173/en/Ambri-and-Reliance-Industries-Expand-Strategic-Alliance-to-Accelerate-Commercialization-of-Ambri-Batteries-in-India">
      Press release
    </a>
  </p>
  <p>
  </p>
</div>


Alternative Energy

Ambri expands strategic alliance with Reliance Industries

<div>
 
 <p>24M Technologies, a semi-solid lithium-ion battery developer, has launched a manufacturing and R&D facility in Rayong, Thailand. The 71,000 sq ft facility has capacity to produce 100 MWh of 24M SemiSolid battery cells.</p>
 <p>This new facility is aimed at accelerating the commercialization of 24M’s battery tech suite and fostering better collaboration with global partners. Apart from showcasing its commercial capabilities, it will highlight innovations in safety, cost, range, and recycling within 24M’s battery technology portfolio.</p>
 <p>Pilot production for an India-based mobility OEM has started at the Rayong plant, with initial validation samples expected to be delivered this fall. The facility will also develop and exhibit various 24M technologies like SemiSolid and LiForever, Impervio, Unit Cell, ETOP, and Lithium Metal batteries.</p>

</div>

24M announces new manufacturing and R&D facility in Thailand

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 
 <p>Ocean Power Technologies (OPT), a listed company on Nasdaq, focusing on ocean wave energy, recently signed four new reseller agreements to support international essential services.</p>
 <p>These agreements incorporate partnerships with allied countries in regions like the South China Sea, along with previously disclosed initiatives in Latin America and the Middle East. These collaborations will assist OPT in fulfilling the demand for its autonomous maritime technologies.</p>
 <p>The CEO of OPT, Philipp Stratmann, expressed that these partnerships would hasten growth and generate extra sources of revenue.</p>
 
</div> <p><b>Analyst QuickTake</b> :<br>
 These agreements follow OPT signing a Memorandum of Understanding (MOU) with AltaSea at the Port of Los Angeles in <a href="https:<br>
//sp-edge.com/updates/31697"> July 2024 </a> . The partnership aims to support developing and deploying OPT's renewable energy PowerBuoys and WAM-V unmanned surface vehicles in the Pacific Ocean, leveraging AltaSea's facilities at the Port of Los Angeles.</p>

Ocean Power Technologies signs new reseller agreements globally

<div>
 
 <p>Corre Energy, a Dutch energy storage systems company, has received a EUR 5 million (~USD 5.5 million) loan from shareholders including Stream Street, Air Corre, Pageant Investments, and Springhill Property Investment (Jersey). This loan can be converted into ordinary shares at double the outstanding loan amount after six months.</p>
 <p>The funding will be allocated towards operating expenses, working capital, and capital expenditures in existing projects. Corre Energy has engaged the services of investment bank Rothschild to secure long-term investment for its major projects.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> This funding follows the company raising EUR 2.1 million (~USD 2.3 million) in <a href="https:<br>
//sp-edge.com/updates/30109"> May 2024 </a> from a share sale to its founding shareholders and another long-term investor. The company intended to use the capital to support its operations as it negotiates potential strategic investments.</p>

Corre Energy raises EUR 5 million in loan funding from major shareholders

<div>
 
 <p>Canadian fusion energy startup, General Fusion, has obtained around USD 14.6 million in funding from Canadian Nuclear Laboratories (CNL) and BDC Capital, taking the company's total funding to USD 369 million.</p>
 <p>The company intends to use this funding for advancing its Magnetized Target Fusion (MTF) technology and further developing its Lawson Machine 26 (LM26) demonstration program.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> This funding follows General Fusion being awarded a grant of USD 800,000 from the Natural Sciences and Engineering Research Council of Canada (NSERC) in <a href="https:<br>
//sp-edge.com/updates/28006"> March 2024 </a> . The company planned to use the funds to design and deliver an ultra-fast neutron spectrometer system to measure plasma temperatures at fusion conditions of over 100 million degrees Celsius (10 keV).</p>

General Fusion raises CAD 20 million in funding to advance fusion technology

<div>
 
 <p>Next-generation carbon transformation company LanzaTech, together with its spinoff LanzaJet which manufactures sustainable aviation fuel (SAF) from low-carbon ethanol, have partnered with Australian SAF provider Wagner Sustainable Fuels. The collaboration aims to examine the feasibility of installing their joint CirculAir platform at Wagner's Brisbane-based SAF refinery for SAF production.</p>
 
 <p>This initiative aims to transform waste CO2 and renewable energy into SAF through the CirculAir technology developed by LanzaTech and LanzaJet. Both Boeing and the Queensland Government are financial backers of this partnership, intending to create job opportunities, enhance Australia's energy security, and lower aviation industry greenhouse gas emissions.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> In <a href="https:<br>
//sp-edge.com/updates/30991"> June 2024 </a> , LanzaTech and LanzaJet joined forces to introduce CirculAir, which converts waste, carbon, and renewable energy into SAF. This process will initially use LanzaTech's carbon recycling technology to convert local waste streams into CarbonSmart ethanol, which will then be converted into SAF using LanzaJet's Alcohol-to-Jet technology.</p>

LanzaTech and LanzaJet partner with Wagner Sustainable Fuels for SAF project in Australia

<div>
 
 <p>Anaergia, a waste-to-energy company listed on TSX, has entered into a CAD 13 million (~USD 9.5 million) supply contract with the City of Riverside, California. The contract involves the upgrade of the city's wastewater treatment facility.</p>
 <p>The company plans to enhance the Riverside Water Quality Control Plant using anaerobic digestion technology. This upgrade will allow the facility to produce renewable natural gas (RNG) from organic waste and sewage sludge. The improved facility is expected to serve a population of over 300,000 people.</p>
 <p>This project is part of an initiative to support the solid waste industry in the region and to divert food waste away from landfills. This complies with California's SB1383 legislation which aims to reduce methane emissions.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Similarly, in <a href="https:<br>
//sp-edge.com/updates/19359"> June 2023 </a> , Anaergia agreed to provide technologies to Monterey One Water, the wastewater utility of northern Monterey County, California, to create renewable energy from food waste and wastewater. As such, the company provided organic waste receiving and pre-processing equipment and expanded the anaerobic digestion capacity at Monterey One Water’s regional treatment plant.</p>

Anaergia partners with City of Riverside to upgrade its wastewater facility

<div>
 
 <p>Swiss company Energy Vault has joined forces with coal mining firm Carbosulcis, to create a 100 MW Hybrid Gravity Energy Storage System at Italy's largest former coal mine. The aim is to transform the Nuraxi Figus coal mine into a hub for carbon-free technology, utilizing Energy Vault's gravity technology and VaultOS software.</p>
 <p>The innovative system merges pumped hydro energy storage with gravity energy storage, using the coal mine's 500-meter-deep shafts. Installation of the initial modular gravity components is due to commence in September 2024, and testing of the subterranean component is anticipated to finish in 2025.</p>
 <p>The overall objective of the project is to stabilize the power grid in Sardinia.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> This partnership follows Energy Vault signing a contract with ACEN Australia in <a href="https:<br>
//sp-edge.com/updates/30130"> June 2024 </a> to provide two battery energy storage systems totaling 400 MWh in Australia. The project is expected to begin in 2024 and be operational by 2026.</p>

Energy Vault to set up 100 MW energy storage project in Sardinia

<div>
 
 <p>Ocean Power Technologies, a Nasdaq-listed company, has applied for a patent for a new type of docking and recharging buoy designed for Wave Adaptive Modular Vessel Unmanned Surface Vehicles. The company is developing technology for harnessing energy from ocean waves.</p> 
 <p>This innovative technology enables these unmanned vehicles to autonomously dock and recharge at sea using a variety of charging stations, including Ocean Power Technologies' own PowerBuoy station. It expands the operational range and endurance of the vehicles, enhancing their utility in oceanographic research, environmental monitoring, and defense applications.</p>
 
</div>

Ocean Power Technologies files patent for docking and recharging buoy technology

<div>
 
 <p>Helion Energy, a company specializing in fusion power, has recently acquired a Large Broad Scope license from the Washington State Department of Health (DOH). The license will enable Helion to use needed quantities of byproduct material in their operations, specifically for their 7th-generation fusion machine, Polaris, which aims to actualize electricity production.</p>
 <p>This new license is a crucial step in ensuring high safety standards as Helion continues its journey towards commercial fusion energy. The company is setting its sights on launching the first fusion power plant globally and plans to achieve this in Washington State by the year 2028.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> This progression follows Helion Energy signing a power purchase agreement with Microsoft in <a href="https:<br>
//sp-edge.com/updates/18543"> May 2023 </a> . Under this agreement, Microsoft intended to buy an undisclosed amount of power, which is expected to be generated by Helion’s first fusion plant.</p>

Helion obtains fusion energy safety license from Washington State

<div>
 
 <p>Fluence Energy, an energy storage solutions company, is joining forces with renewable energy investor Excelsior Energy Capital to roll out 2.2 GWh of battery storage projects in the US from 2025 onwards.</p>
 <p>The collaboration will make use of Fluence's Gridstack Pro product line, which includes domestically made batteries, modules, and other necessary systems. The initiative's main objectives are to boost American manufacturing, foster domestic supply chains, and enhance the resilience of the electricity grid. The majority of the battery cells will be produced in Tennessee, while Fluence will manufacture the battery modules in Utah.</p>
 
</div>

All Updates

Ambri expands strategic alliance with Reliance Industries

24M announces new manufacturing and R&D facility in Thailand

Ocean Power Technologies signs new reseller agreements globally

Corre Energy raises EUR 5 million in loan funding from major shareholders

General Fusion raises CAD 20 million in funding to advance fusion technology

LanzaTech and LanzaJet partner with Wagner Sustainable Fuels for SAF project in Australia

Anaergia partners with City of Riverside to upgrade its wastewater facility

Energy Vault to set up 100 MW energy storage project in Sardinia

Ocean Power Technologies files patent for docking and recharging buoy technology

Helion obtains fusion energy safety license from Washington State

Fluence partners with Excelsior to deploy 2.2 GWh of energy storage projects

Alternative Energy

Ambri expands strategic alliance with Reliance Industries

Contact us