This Week in Batteries: Lyten's $650MM Financing.

• Lyten secures $650MM in financing from Export-Import Bank of the United States for the expansion of lithium-sulfur battery manufacturing in Silicon Valley (Link)
• Honda and Nissan to begin merger talks amid EV competition (Link)
• EPA grants California authority to ban sales of new fossil cars by 2035 (Link)

• StarPlus Energy finalizes $7.5B DOE loan for two battery plants in Indiana (Link)
• CATL says it has co-developed 10 new EV models with swappable batteries (Link)
• Northvolt's financial collapse has not entirely crushed Europe's dream of developing its own electric vehicle batteries but fulfilling it is likely to require Chinese cash and expertise (Link)

• Europe's carmakers discount EVs, hike fossil car prices as new emissions rules loom (Link)
• Toyota lowers starting price on electric bZ4X by $6,000 for 2025 (Link)
• Lamborghini delays first EV launch to 2029 as market not ready (Link)

• Eos Energy and FlexGen establish JDA to develop and introduce America’s first fully-integrated, domestic BESS solution to the market by combining Eos’ Z3? batteries with the FlexGen HybridOS? EMS (Link)
• Engie signs offtake contract for long-duration CO2 Battery project in Sardinia, Italy (Link)
• Boralex closes financing for Canada’s largest BESS at 300MW/1,200MWh (Link)
• Long Island Power Authority approves BESS projects from developer Key Capture Energy (Link)

• Saudi Arabia has successfully extracted lithium from brine samples from national giant Aramco's oilfields and plans to launch a commercial pilot programme for direct extraction soon (Link)
• Standard Lithium’s Arkansas pilot plant begins operations (Link)

• U.S. graphite miners ask Washington to impose 920% tariff on Chinese rivals (Link)
• U.S. government set to regulate Li-ion batteries for NYC e-bikes, scooters (Link)

• Volkswagen buys 9.9% of Patriot Battery Metals for $48 million (Link)
• BlueOval SK finalized a $9.63B loan from U.S. DOE (Link)?
• NOVONIX secures $755MM DOE loan for Tennessee synthetic graphite facility (Link)
• Inobat raises $104MM in latest funding round, backed largely by Gotion, and follow on by Lilium, Bromo Capital, IPM Group and Cielo Capital (Link)
• Norway has granted Morrow Batteries a loan facility of $134MM (Link)
• Vulcan Energy secures $922MM debt commitment for Lionheart project financing (Link)
• American Battery Technology Company received a grant award for $144MM from the U.S. DOE (Link)
• Neoen has secured $890MM to help fund energy storage and renewable energy generation projects in Australia (Link)
• Innergex closes $100MM loan for Hawaii BESS (Link)
• Gelion awarded $3MM grant by the Australian Renewable Energy Agency (Link)
• Lilium N.V. subsidiaries file for insolvency amid restructuring efforts, dismissing 1,000 employess (Link)

• Trane Technologies signed a definitive agreement to acquire BrainBox AI (Link)
• Lead Intelligent Equipment commits to achieving carbon neutrality in core operations by 2035 (Link)
• ACCURE Battery Intelligence received the 2024 Energy Storage Award for Safety Product of the Year (Link)

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