This purchase includes development rights for 35MW of wind power capacity, reflecting the company’s commitment to renewable energy and lowering costs.
“This acquisition serves as a blueprint for how the energy and data center sectors can collaborate to create long-term value while advancing sustainability initiatives,” said Fred Thiel, MARA’s Chairman and CEO.
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In China, a growing gray market of traders and small recycling workshops has emerged alongside the giant battery recycling plants. These players are capitalizing on the increasing number of retired EV batteries containing valuable metals such as lithium, cobalt, and nickel.
China, the world's largest EV market, regards batteries as a key resource for green transition. The effective recycling of EV batteries is crucial as global competition for critical minerals intensifies. China aims to establish an efficient, safe, and environmentally friendly battery recycling system for Chinese automakers to produce electric cars with recycled batteries at scale.
Chinese battery recycling regulations are still in their early stages. The presence of unregulated operators, constituting around a fifth of the market, poses safety and environmental risks. The lack of strict enforcement allows these operators to offer higher prices to battery owners, diverting valuable cells away from official recycling channels.
The Chinese market is likely to see further technological advancements, stricter regulatory enforcement, and market consolidation.
As China seeks to regulate and enhance its battery recycling market, there are opportunities for growth, cost reduction, and improved environmental credentials. The effective recycling of EV batteries would not only benefit the domestic market but also position Chinese automakers favorably in the global competition, especially in regions like Europe where recycled content requirements are mandated.
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Paris-based food tech innovator, Standing Ovation, has received €3 million to scale production of their non-animal caseins using their patented precision fermentation process.
The project is receiving €2 million in funding over a 20-month period from the French government via France 2030, with 60% of the funding being in the form of a grant. The backing from Bpifrance, which includes a €1 million Green Invest EU Investment Loan, emphasizes the dedication of public authorities to propel the progress of sustainable and innovative food solutions.
"Standing Ovation's innovative approach enables us to contribute to the food transition while significantly reducing the environmental impact of the dairy ingredients industry," commented Romain Chayot, CEO & Co-founder of Standing Ovation.
Standing Ovation's project enters its industrialization phase, testing the scalability and commercial viability of its technology. Success could lead to broad adoption of non-animal caseins and other similar products.
Story
Muon Space, a Silicon Valley startup, will use its advanced EO/IR satellite technology to capture cloud characterization data from space for the U.S. Air Force.
The aging Defense Meteorological Satellite Program (DMSP) satellites have become limited in capabilities. Cloud characterization is crucial for the military, as accurate data on cloud cover is essential for launching munitions and planning satellite imagery collections. Muon Space’s technology will address the gaps and and improve the Air Force's defense capabilities.
“Muon Space is developing an EO/IR constellation solution that offers a commercial path to fill these gaps,” said Greg Smirin, president of Muon Space.
With the planned launch of software-defined microwave sensors in February 2024, Muon Space is set to expand its technological footprint in the industry.
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