A bidding war is heating up for Canadian miner Millennial Lithium Corp. as Chinese firms compete to secure key elements needed for electric-vehicle batteries.
Redwood Materials, the battery recycling company created by Tesla co-founder J.B. Straubel, has been keeping a big secret: It isn’t really a recycling company.
The company says it’s working with industry giants including Japan’s JFE Steel and China’s HBIS Group on ways to reduce manufacturers’ carbon footprint.
The Clean Electricity Performance Program proposed by House Democrats authorizes $150 billion in incentives for utilities that deliver at least 4% more clean energy to customers.