Category Archives: News

Amarillo City Council approves tax incentives to incentivize $2.5 billion in investment

Amarillo Economic Development Corporation President Kevin Carter speaks to the crowd at the “State of the Economy” event in this file photo. Carter spoke about the centralized location of Amarillo along Interstate 40, which makes it ideal for two major business prospects discussed at Tuesday’s Amarillo City Council meeting. The Amarillo City Council on Tuesday unanimously approved five economic development-related incentives toward two major business investments for the Amarillo area for Producer Owned Beef, … Continue reading

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REUTERS: #VW TO START USING HIGH-NICKEL BATTERIES FOR ELECTRIC CAR

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) will raise the amount of nickel used in it electric car battery cells to 80% in the next year from 65% at present, Frank Blome, head of battery cells at the carmaker said on Tuesday. Volkswagen’s current electric car battery cell contains 65% nickel, 15% cobalt and 20% manganese. Next generation batteries will have 80% nickel, 10% cobalt and 10% manganese, Blome told analysts on a call. Volkswagen is … Continue reading

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BILLGATES-LED FUND INVESTS IN MAKING #LITHIUM MINING MORE SUSTAINABLE

Lilac Solutions has developed a process for extracting lithium that drastically cuts water use. Breakthrough Energy Ventures, helmed by Bill Gates, and MIT’s The Engine fund are leading an investment round of $20 million for Lilac Solutions, a U.S. startup aimed at making the extraction of lithium less water-intensive and more sustainable. As the world looks to cut carbon emissions, people are increasingly turning to lithium-ion batteries for solutions such as powering electric vehicles … Continue reading

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