Ateios Systems’ Post

Sila, a next-generation battery materials company, announces it has raised $375 million in a close of its Series G round led by existing investors Sutter Hill Ventures and funds and accounts advised by T. Rowe Price Associates, Inc., with participation by new outside investors as well as existing investors Bessemer Venture Partners, Coatue, Perry Creek Capital, and others. The funding will secure the completion of the company’s Moses Lake plant in Q1, 2025, enabling the delivery of its Titan Silicon anode material to auto customers in Q4, 2025. Mercedes-Benz and Panasonic, as well as three additional customer contracts yet to be publicly disclosed, have been secured and will be fulfilled through Sila’s Moses Lake manufacturing facility. https://lnkd.in/gMyCdMvs Sila Nanotechnologies, Inc. Gene Berdichevsky #brm #batterymaterials #investors #manufacturingfacility #siliconanode #automotivequality #manufacturingplant #technology #EVperformance

EV industry growing faster in Ohio

Are you familiar with the Open Charge Point Protocol (OCPP)? It's an open-source communication standard for EV charging stations and network software companies. This means that any EV charging station that is OCPP-compliant can be configured to run any similarly OCPP-compliant software. With the rise of electric vehicles, OCPP is becoming an increasingly important tool for streamlining the charging process and making it more accessible to everyone. #EVcharging #OCPP #electricvehicles #Magenta #Chargers #ChargingInfrastructure

Could be disruptive.

Our most recent Letter to Shareholders reflects on a strong fourth quarter and a productive year in 2023. Amprius has ⚡Continued to deliver breakthrough performance as we've expanded our silicon anode battery platform ⚡Won new customers and increased product shipment volume ⚡Expanded production capacity to meet increasing demand for our custom cells This update also looks back at noteworthy achievements such as 🏎Powered the top 4 cars at Bridgestone World Solar Challenge 🏆Won "Best of Show" at the International Battery Seminar #IBS2024 💡Made the #FCMostInnovative list by Fast Company Swipe below to read the full letter! #AMPX #shareholders #investors #techcommunity #batteries #technology

We're thrilled to announce that Spark Industries Manufacturing has partnered with Eagle Point Funding to access non-dilutive funding from the U.S. Federal agencies. Eagle Point Funding is the premier consulting company with an in-depth knowledge of the Federal System, funding mechanisms, Government trends and interests. Eagle Point Funding is a division of FreeMind Group, the world's largest grant consulting company, having raised over $1.5B in awards to date.   Spark Industries Manufacturing is at the forefront of innovating manufacturing technologies to make our lives better, help us do more, go farther, faster and make us a safer and more prosperous society. With multiple patent-pending Clean Energy Technologies, including our Trident Fuel-powered engines and fuel cell systems for cars, trucks and airplanes. Our clean Hydrogen-based Net Zero liquid fuel is manufactured anywhere you need it. Powering just about anything our fuels are charting a path to a cleaner and safer world where energy is abundant and affordable for everyone.   We look forward to a successful partnership! #Partnership #SparkIndustriesManufacturing #EaglePointFunding #CleanEnergy #NetZero #R&D

Hanon Systems' investment of $155 million in Woodbridge, Ontario, to establish North America's first high-displacement e-compressor manufacturing facility is a tremendous step forward for the EV supply chain in Ontario. This strategic move strengthens the region's position as a critical hub for EV component production, supporting both Canadian and U.S. automakers in their shift toward sustainable transportation. By focusing on high-displacement e-compressors, Hanon Systems is addressing a key need in EV production, as these components are vital for efficient climate control in electric vehicles, ultimately enhancing range and performance. This investment not only underpins Ontario's growing influence in the EV industry but also highlights the area’s skilled workforce, supportive infrastructure, and commitment to innovation in automotive technologies. With such developments, Ontario is positioning itself as a cornerstone in North America’s EV ecosystem, creating new jobs and furthering the advancement of electric mobility in the region. Once again, Automotive and Manufacturing lead the way in creating jobs and opportunities in Ontario #EVJobs #Automotive

🎉We are thrilled to announce that we have successfully closed a pre-seed funding round! 🚀 🙏 A heartfelt thank you to our investors - Rockstart, Oost NL, together with a couple of angel investors for believing in our vision. Your support is not just a financial investment but a strong vote of confidence in our mission. 💡 This funding will fuel our mission and it will help us expanding our digital twin technology to more air-cooled heat exchangers, initiating strategic partnerships, and paving the way for international expansion. 🌍 At Hexwise, we envision a future where every industrial heat exchanger operates at its optimal point, contributing to a more sustainable and resilient world. With this funding, we are one step closer to making that vision a reality. 🔍 Stay tuned as we continue to innovate and lead the way in industrial process and heat transfer management solutions. Together, we are not just advancing industrial operations; we are shaping a more efficient, sustainable future. #energyefficiency, #heatexchangers, #Industry4_0, #InternetofThings, #digitaltwins, #sustainability, #hexwise, #fundraising, #preseed

4 facts every battery professional should know today: 1) #VW plans to invest up to $5B in Rivian, starting with an initial investment of $1B   2) #Sila raised $375MM in a Series G round led by Sutter Hill Ventures 3) #Tesla’s 4680 batteries at cost parity with cheapest suppliers’ by year-end 4) #China has spent at least $230B to build its EV industry, according to the Center for Strategic and International Studies Let us know your thoughts in the comments below! ____________________________________________________________ Thank you to our 10,000+ subscribers for supporting our newsletter 🚀🚀🚀 Follow Mouda A. for more battery industry insights 🔋

Hydrogen #hopium is about to claim two more victims. "In the first nine months of 2023, Hyzon reported a net loss of more than $134m, with zero revenue." Without doubt, it ain't easy being a new start up OEM. In the last 6 months we've seen Volta Trucks, Lightning eMotors, Proterra Inc and Lordstown Motors all declare bankruptcy, with Arrival looking distinctly on the edge. Yet, these 4 startup OEMs all had a decided advantage: a ready supply of compatible energy systems - ie their vehicles were electric. Let's face it, electricity is almost always aleady there, and it ain't that hard or usually expensive to set up chargers. Sometimes bureaucratic and delayed, but it's far from rocket science. As well, its almost always significantly cheaper to run electric vehicles vs gas or diesel vehicles. For OEMs doing hydrogen, it's a completely different story. Hydrogen infrastructure is as rare a competent Trump lawyer, and actually finding Hydrogen in that infrastructure is much harder again. Said infrastructure is also very costly, with hydrogen refueling stations costing $2-$20 million. What's more, hydrogen is extremely expensive, with current California pump prices around $35/kg. To be competitive with diesel, hydrogen needs to be around $2.50 - $3/kg. For cost conscious fleets, such extravagant expenses, like a >10x increase in energy costs over diesel don't just make it a non starter, but you'd be laughed at. That is, of course, if the refueling infrastructure is there, which it isn't. These two factors are what is choking off hydrogen light duty sales globally, and essentially have forced Toyota to pull FCEV out of all markets but Japan. Exactly the same outcome will happen for hydrogen trucks for exactly the same reasons. So, once a few curious and rich fleets have purchased, that'll be it. No one who does math can handle costs like that, and it's why Hyzon and Nikola will ultimately fail. Of course, it helps that neither had significant fraud cases in their history hanging over their heads. While this is not investment advice, the chances of both Hyzon and Nikola joining the 4 above in bankrupt in 2024 is looking pretty good. What do you think of the future of either Nikola or Hyzon? Let me know your thoughts in the comments below #automotive #batteries #climatechange #emobility #electricvehicles #innovation #sustainability