Tesla shares jump, Elon Musk to buy more
Tesla Inc announced offerings of $650 million of common stock and $1,350 million aggregate principal amount of convertible senior notes due in 2024 in concurrent underwritten registered public offerings. Elon Musk, Tesla's CEO, will participate by purchasing $10 million of common stock.
Global electricity storage market for renewables
International and national assessments of the global electricity storage market have been hindered by uncertainty about which technologies and market segments to include. A central question for this roadmap is whether storage is used to support the integration of renewables or for other purposes.
BioSolar files patent for super battery technology
BioSolar, Inc has announced that it has jointly filed a patent application with the University of California, Santa Barbara.
The death of coal and oil boost EVs
When representative of OPEC, Sheik Yamani famously said, "The stone age did not end for lack of stones", it is now clear that the coming decade will see a collapse of coal power and not because coal supplies are running out. The writing is on the wall for oil as well - it will help electric vehicles because it will no longer be true that they use "dirty" electricity in the main.
Cheil Industries to acquire Novaled AG
Cheil Industries and Novaled AG have announced that Cheil Industries acquired a majority stake in Novaled in a transaction valuing Novaled at €260 million.
Eastman Chemical to buy Solutia for $3.4 billion
Eastman Chemical is buying Solutia Inc, chemicals provider for products from iPads to tires, for about $3.4 billion.
Blunt motor and battery talk at EV Japan
The conference speakers were surprisingly blunt in their appraisal of batteries and motors for electric vehicles at last week's EV Japan conference. Batteries control the cost of pure electric vehicles by a big margin and they are the largest part of the cost of hybrids, though a lesser percentage.
Dow acquires Rohm and Haas
$18.8 billion transaction marks pivotal point in Dow's transformation
Contactless Smart Card Orders Flood In
In the last few weeks alone, orders for well over US$100 million of contactless (ie RFID) smart cards and associated systems have been placed. The business is surging forward with the percentage of smart cards that are contactless rising to 16% of deliveries in 2007 after having been stuck at around 5% for the preceding twenty years. Learn more.