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DOE
MP Materials has received a $58.5 million award to advance its construction of America’s first fully-integrated rare earth magnet manufacturing facility, pictured in October 2023, Fort Worth, Texas [Photo: Business Wire]
Over $58M Awarded to Advance Fort Worth Rare Earth Magnet Manufacturing Plant
by David Seeley | Apr 1, 2024
Las Vegas-based MP Materials—which began building the plant in 2022 at Hillwood's AllianceTexas—plans to produce ""precursor materials" at the facility this summer, and "finished magnets" by late 2025. The critically needed products will be delivered to General Motors to power EVs—and help "bring the supply chain home" to the U.S.
by David Seeley |
Aug 24, 2022
Fuel cells for cars? Think bigger—because Toyota sure is. After developing hydrogen fuel cell technology for over 25 years, mostly aimed at carbon-zero vehicles, the company is scaling up the tech for uses far beyond cars. Now it's working with the U.S. government to build a system that can add energy to the grid, power things like data centers, and more.
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by David Seeley |
Dec 15, 2021
Founded in 2016, Momentum—whose CEO is on the Forbes 30 Under 30 list—is a lithium-ion battery recycling company. It's developed a patented battery recycling technology in conjunction with the U.S. Department of Energy's Oak Ridge National Lab and Halliburton Labs.
The investment will help Momentum build its first two battery recycling plants.
The investment will help Momentum build its first two battery recycling plants.
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by Alex Edwards |
Apr 14, 2021
Dallas-based Hunt Perovskite Technologies, part of Hunt Consolidated Inc, is one of the 22 selected for a new program from the DOE dedicated to making perovskite photovoltaic devices commercially available. If validated, the tech could make solar cells more efficient at a lower cost—but first, the projects have to overcome the issue of it being too unstable to commercially use.
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