LanzaTech Global, Inc. (LNZA) stock surged on Wednesday after securing a $3 million grant from the U.S. Department of Energy to advance its Project ADAPT, which converts carbon dioxide (CO2) into valuable products. The project aligns with the Biden Administration’s ambitious climate goals, highlighting the growing importance of carbon capture and utilization technologies.
Interlune, a natural resources company focused on lunar mining, has received a $365,000 grant from the U.S. Department of Energy (DOE) to develop innovative technology for separating Helium-3 from domestic Helium supplies. This new approach utilizes extremely cold temperatures to extract Helium-3 without producing additional tritium, a critical element used in nuclear weapons. Interlune’s mission is to not only address the growing demand for Helium-3 on Earth but also to pave the way for harvesting this valuable resource from the Moon in the future.
SHINE Technologies, a leading fusion energy company, announced two key developments: a new grant from the Department of Energy (DOE) to advance its nuclear waste recycling efforts and the appointment of Todd Caccamo as Chief Revenue Officer (CRO) to drive commercial expansion. This grant will support SHINE’s Phase 3 program, focused on developing economically viable methods for capturing and disposing of nuclear waste byproducts, Xenon and Krypton. Meanwhile, Caccamo’s extensive experience in scaling sales organizations will be instrumental in expanding SHINE’s imaging, FLARE, and radiopharmaceuticals businesses.
Cabot Corporation has received a $50 million grant from the U.S. Department of Energy to establish a new manufacturing facility in Michigan, producing battery-grade carbon nanotubes and conductive additives. This investment will strengthen the domestic supply chain for critical battery components, reduce reliance on imports, and create hundreds of new jobs.
TerraVolta Resources, a leading U.S. critical minerals company, has been awarded a $225 million grant from the U.S. Department of Energy to build a lithium production facility in the Texarkana region. The project, known as Liberty Owl, will use direct lithium extraction technology to produce battery-grade lithium from domestic brine resources, aiming to meet the growing demand for electric vehicle batteries and other clean energy applications.
Group14 Technologies, a leading silicon battery material developer, has secured a $200 million grant from the U.S. Department of Energy to build a silane manufacturing facility in Washington state. This critical investment aims to bolster the domestic supply chain for electric vehicle and grid-scale batteries by reducing reliance on foreign sources of silane, a key ingredient in silicon-based batteries.
Group14 Technologies, a leader in silicon battery materials, has secured a potential $200 million grant from the U.S. Department of Energy to build a silane manufacturing plant in Washington state. This will significantly increase the domestic supply of silane, a critical raw material for silicon batteries, reducing reliance on foreign sources and bolstering the U.S. electric vehicle and grid battery industry.
Occidental Petroleum’s subsidiary, 1PointFive, has been awarded a $500 million grant from the U.S. Department of Energy to develop a massive direct air capture (DAC) facility in South Texas. The facility aims to remove millions of tons of CO2 annually, showcasing the potential of DAC technology in combating climate change.
Plug Power, a leading hydrogen fuel cell technology company, has been awarded a $10 million grant from the U.S. Department of Energy (DOE) to expand its HYPER-Fuel project, focusing on advanced hydrogen refueling infrastructure for heavy-duty vehicles. The project will develop high-capacity fueling stations and showcase the technology in Pullman, Washington, contributing to the growth of the green hydrogen economy.
Batteries Plus, a leading battery retailer and recycler, has been selected to receive a substantial grant from the U.S. Department of Energy to spearhead a nationwide initiative aimed at dramatically increasing battery recycling. The grant will leverage Batteries Plus’ extensive network of stores and expertise to promote responsible battery disposal across the country.
