ESS Tech (NYSE: GWH) and Burbank Water and Power have announced a new agreement for ESS to deliver a utility-scale battery storage project in California. Under terms of the agreement, the company will install a 75 kW / 500kWh ESS Energy Warehouse™ connected to a 265 kW solar array on the BWP EcoCampus.

Manufactured in the United states, the company says that the iron flow battery will support increased use of renewable power and allow for excess renewable energy to be stored as a baseload energy for Burbank, which it says will improve the resilience and reliability of the grid.

Hugh McDermott, ESS Senior Vice President of Business Development and Sales stated: “ESS is pleased to partner with Burbank Water and Power to deploy the first long-duration energy storage project in the city. BWP is demonstrating the central role that energy storage will play in a decarbonized grid – supporting increasing amounts of renewable energy and enhancing operational resilience.”

Long-duration energy storage will play a critical role in achieving California’s ambitious decarbonization goal: 100% zero-emission electricity by 2045, which the state estimates will need nearly one gigawatt hour of long duration storage by 2030.

ESS Tech’s mission is to accelerate global decarbonization by providing safe, sustainable, long-duration energy storage that powers people, communities and businesses with clean, renewable energy anytime and anywhere it’s needed.

Shares of ESS Tech trade on the NYSE under the ticker symbol GWH. For more information visit www.greenstocknews.com.

Leading plant-based food and nutrition company Else Nutrition (OTCMKTS: BABYF) has announced a new distribution account with multinational retailer Ahold Delhaize to significantly expand its product availability throughout the eastern United States.

The company says that more than 160 Giant Foods supermarkets now carry Else’s Toddler Complete Nutrition and Kids Vanilla Shake products, which more than doubles the company’s east coast store count across Delaware, Maryland, Virginia, and the District of Columbia.

Else Nutrition CEO and Co-Founder Hamutal Yitzhak commented: “We are proud to work with Giant which has a rich history of providing quality to consumers since 1936. Giant is a retailer focused on the healthiest eating choices, so we see a strategic match here with Else, by providing our complete nutrition, minimally processed products to Giant consumers and families.”

The company says that it expects the new retail grocery and pharmacy location to significantly increase demand for its Toddler and Kids products in the region.

Else Nutrition is a food and nutrition company in the international expansion stage focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy formula is a clean-ingredient alternative to dairy-based formula.

Shares of Else Nutrition trade in the United States under the ticker symbol BABYF and in Canada under the symbol BABY. For more information visit www.elsenutrition.com.

Disclaimer

This video is not financial advice and should not be taken as financial advice. This video is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content is based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other materials that it publishes electronically. Green Stock News has been compensated US$15,000 by Else Nutrition Holdings for advertising services.

Microvast Holdings (NASDAQ: MVST) and General Motors (NYSE: GM) have announced receipt of a $200 million grant from the U.S. Department of Energy to support construction of a new separator manufacturing facility in the United States. The new facility will produce and supply polyaramid films for lithium-ion battery components across a range of applications, ranging from electric vehicles to energy storage systems.

Microvast’s patented polyaramid films create an insulated layer between the cathode and anode, which significantly reduces the risk of thermal runaway in lithium-ion batteries while still allowing for effective ion transfer. Both companies are collaborating to develop new separator technology that can further improve electric vehicle safety, charging and battery life using intellectual property contributions from both companies.

Dr. Wenjuan Mattis, CTO at Microvast stated: “It is an honor to be recognized by the DOE and collaborate with General Motors on this important effort to strengthen and accelerate domestic battery supply chain and manufacturing initiatives in North America. This grant will enable Microvast to accelerate its plans to onshore critical battery component manufacturing processes, including mass production of our patented polyaramid separator technology.“

Founded in Houston, Texas in 2006 as a research and technology driven company, Microvast has evolved into a global leader in the design, development and manufacture of battery solutions for mobile and stationary applications. The company provides a broad portfolio of fast-charging lithium-ion battery solutions,and is known for its cutting-edge cell technology and its vertical integration capabilities.

Shares of Microvast trade on the NASDAQ under the ticker symbol MVST. For more information visit www.greenstocknews.com.

Tilray Brands,(NASDAQ: TLRY), and Charlotte’s Web Holdings (OTCMKTS: CWBHF) have announced a new strategic alliance to distribute CBD hemp and extract products throughout Canada.

The two companies say that the new endeavor will bring the core offerings of Charlotte’s Web to Canadian consumers through Tilray’s established distribution network.

Jacques Tortoroli, CEO of Charlotte’s Web commented: “Charlotte’s Web is thrilled to be partnering with Tilray Brands, a respected global category captain. This underscores our strategic expansion into international markets with leading domestic partners by leveraging well-established infrastructure, co-production, and route-to-market capabilities.”

Blair MacNeil, President at Tilray Canada stated: “This is an exciting time for the Canadian CBD market as more Canadians seek natural wellness options. Partnering with Charlotte’s Web, the market leading CBD brand, opens new opportunities for Tilray Brands in Canada as we evolve our distribution channels from the dispensary model to natural wellness retail channels and eventually mass retail opportunities.”

Initial rollout is expected to begin in early 2023 for hemp extract oil tinctures, followed by gummies and topicals.

Tilray Brands is a leading global cannabis-lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America. Charlotte's Web is a market leader in innovative hemp extract wellness products under its family of brands.

Shares of Tilray trade on the NASDAQ under the ticker symbol TLRY while Charlotte's Web trades on the OTC marketplace under the symbol CWBHF. For more information visit www.greenstocknews.com.

The Lion Electric Company (NYSE: LEV),has reported first production of its zero-emission LionC school bus at its U.S. factory located in Joliet, Illinois. The company says that production of the first LionC occurs at a time when the market demand for all-electric school buses is gaining momentum.

Lion Electric expects to initially focus on manufacturing all-electric school buses at its Joliet factory, with production expected to gradually ramp up starting in the fourth quarter of 2022. The Joliet facility is expected to eventually have a production capacity of up to 20,000 all-electric buses and trucks, following installation of the truck line and after completion of the production ramp-up and scale-up of manufacturing operations.

Eric Pansegrau, General Manager of Lion's Joliet manufacturing facility stated: "Today is a significant milestone for Lion. On behalf of the entire management team, I want to extend my appreciation to all our employees for their passion and commitment over the past few months, as we went from an empty shell of a building here in Joliet, to manufacturing our first made in America zero-emission school bus in roughly 18 months.”

Lion Electric is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and mini buses for school, paratransit and mass transit segments.

Shares of Lion Electric trade on the NYSE under the ticker symbol LEV. For more information visit www.greenstocknews.com.

Spire Global (NYSE: SPIR) has been awarded a contract by the Defense Advanced Research Projects Agency (DARPA) to deliver preliminary designs for a satellite that would carry an array of sensors to very low Earth orbit for in-situ ionosphere measurements.

The contract will utilize Spire’s pioneering Space Services model, which offers organizations fast and scalable access to space through a subscription model that eliminates the high upfront cost of building and maintaining infrastructure in space. Organizations can leverage Spire’s established space, ground, and web infrastructure to deploy and operate a constellation of satellites, hosted payloads, or software applications in space.

Kamal Arafeh, Senior Vice President of Sales, Spire, stated: “Spire is proud to be supporting DARPA's efforts to advance our understanding of the ionosphere. Spire has built and launched over 150 satellites in the decade since the company was founded, and we’re excited to bring that heritage and experience in ionospheric data collection to this project.”

Spire Global is a leading global provider of space-based data, analytics and space services, offering access to unique datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed.

Shares of Spire Global trade on the NYSE under the ticker symbol SPIR. For more information visit www.greenstocknews.com.

LithiumBank Resources (OTCMKTS: LBNKF) has announced results of direct lithium extraction (DLE) test work on brines originating from its Boardwalk lithium project located in western Canada.

The company says that initial testing has achieved 93% high-purity, high concentrate lithium chloride recovery in under 60 minutes, indicating that the selected DLE technology is a highly effective and scalable method of extracting lithium. The test work was also successful in processing high purity lithium concentrates grading up to 4,000 mg/L.

The company has partnered with Conductive Energy to test its proprietary DLE technology, which utilizes ion-exchange materials thought to be safer and produced in North America.

LithiumBank says that the test results will now be incorporated in an upcoming Preliminary Economic Assessment, which will provide detail and cost estimates for the engineering and design of a commercial-scale lithium processing facility at its Boardwalk lithium brine project in Alberta.

LithiumBank Resources holds over four million acres of mineral titles throughout western Canada that are strategically positioned over known reservoirs that provide a unique combination of scale, grade and flow rates necessary for large-scale direct brine lithium production.

Shares of LithiumBank Resources trade in the United States under the ticker symbol LBNKF and in Canada under the symbol LBNK. For more information visit www.lithiumbank.ca.

Disclaimer

This video is not financial advice and should not be taken as financial advice. This video is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content is based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other materials that it publishes electronically. Green Stock News has been compensated US$10,200 by LithiumBank Resources for advertising services.

1. Why is lithium so important to a green future?

As part of the global transition from carbon-based energy to an emission-free energy economy, there is a growing demand for lithium to power electric vehicles and store clean energy generated from renewable sources like wind and solar.

Lithium represents the only element common in all battery chemistries, making it the single most important factor in determining the success or failure of the world’s transition to a carbon-free economy.

2. Is there enough lithium to keep up with growing demand?

The short answer is no. Most experts agree that a major supply shortage in lithium is coming. Tesla (NASDAQ: TSLA) CEO Elon Musk said earlier this year that the lack of supply of lithium is the major factor holding back the world’s transition to a sustainable energy system.

Bloomberg also reported recently that the world will require five times more lithium by the end of the decade and that the industry will need to see more than $42 billion of investment to meet this coming demand.

3: How big will the lithium market get?

Lithium, specifically lithium carbonate and lithium hydroxide, are crucial ingredients in electric vehicle batteries, and the price for it has gotten increasingly expensive over the last year.

Numerous research groups have estimated that the global lithium market will grow to more than $100 billion annually by 2030.

4. Are there better ways to source lithium?

Traditionally, lithium has been mined from two main sources: brines and hard rock. In addition to being energy intensive and requiring large environmental footprints, the two traditional sources of lithium will be unable to keep up with the rapid increase in demand.

More recently, companies have begun developing direct lithium extraction technologies, better known as DLE. This new method extracts lithium-bearing brines from large underground reservoirs using existing oil and gas infrastructure.

4. Are there better ways to source lithium?

Traditionally, lithium has been mined from two main sources: brines and hard rock. In addition to being energy intensive and requiring large environmental footprints, the two traditional sources of lithium will be unable to keep up with the rapid increase in demand.

More recently, companies have begun developing direct lithium extraction technologies, better known as DLE. This new method extracts lithium-bearing brines from large underground reservoirs using existing oil and gas infrastructure.

Disclaimer  This video is not financial advice and should not be taken as financial advice. This video is for information, education, and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content is based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other materials that it publishes electronically. Green Stock News has been compensated US$10,200 by LithiumBank Resources for advertising services.

Cenntro Electric Group (NASDAQ: CENN) reports that it has begun shipping its multi-purpose, light electric commercial Logistar 200 vehicle to European markets. To date the company says that it has sold and delivered over 170 vehicles to local customers.

Cenntro’s LS200 EV is a multi-purpose, light commercial electric vehicle customized for transporting light goods in urban areas. Its N-1 Class urban delivery vehicle specially designed for the EU market. The LS200 hosts a one-ton payload and cargo space of 247 cubic feet when using a cargo box.

Peter Wang, Chairman and CEO of Cenntro commented: “We are very pleased with the strong reception of our LS200 product line in Europe. Despite supply chain and logistics challenges we have started shipping the LS200 to European markets, and are receiving positive feedback on the vehicle’s performance and abilities. Looking ahead, we will continue to ramp up sales, production, vehicle distribution and service infrastructure for the LS200 and our full EV portfolio.”

Cenntro Electric Group is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. The company’s purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications.

Shares of Cenntro Electric Group trade on the NASDAQ under the ticker symbol CENN. For more information visit www.greenstocknews.com.

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, has announced that its long-term automotive Tier 1 partner Koito Manufacturing will make a $100 million investment into the company.

Cepton says that the investment will be used to fund its next stage of growth as it scales lidar solutions for mass deployment. Cepton and Koito have a strong history of collaboration and this new investment marks Koito’s third investment into Cepton since 2020.

Cepton Co-Founder and CEO Dr. Jun Pei stated:: “We are excited to further strengthen our partnership with Koito and remain deeply grateful for Koito’s continued support. This investment solidifies Cepton’s financial position, and allows us to continue our execution excellence as we focus on commercialization and mass market deployment of our lidar sensors.”

Cepton is a Silicon Valley innovator of lidar-based solutions for automotive and smart industrial applications. With its patented lidar technology, Cepton has been awarded a significant lidar series production contract with Koito on the General Motors business. Cepton is also engaged with the top 10 global original equipment manufacturers.

Shares of Cepton trade on the NASDAQ under the symbol CPTN. For more information visit www.greenstocknews.com.