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Amsterdam-based startup CarbonX has secured €4mn to industrialise a new anode material that could help Europe reduce its reliance on China for graphite, a substance which makes up half the weight of a typical lithium-ion battery. Netherlands-based VC Energy Transition Fund Rotterdam led the round. It’s an extension on CarbonX’s €10mn capital injection announced in February, capping off the funding round at a cosy €14mn. Graphite is the go-to material for lithium-ion battery anodes, which is the negative electrode responsible for storing and releasing electrons during the charging and discharging process . Its found in batteries that power everything from EVs to smartphones. The EU imports almost 100% of its graphite from China, which recently imposed restrictions on exports of the carbon-based material amid rising political tensions between Bejing and the West. The 💜 of EU tech The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now! “A resilient battery supply chain is crucial for global electrification,” said CarbonX’s co-founder Rutger van Raalten. “Yet, we don’t see sufficient alternatives for locally sourcing critical raw materials such as graphite.” CarbonX wants to offer European and American battery makers a way to source a graphite alternative that is not just locally-made, but greener and better performing. Spun out from Delft University of Technology in 2014, the company has developed an “emulsion feedstock” technology that takes carbon black — a fine, black powder made mostly of pure carbon — and processes it into a material with a complex 3D porous structure. Similar to graphite, this hexagonal formation creates spaces where lithium ions can insert themselves during charging. However, CarbonX says that its material has even more little crevices for the lithium ions to hide. That equals faster charging and longer-lasting batteries. “CarbonX’s unique 3D porous network structure improves electron and lithium-ion transfer, while it is still highly compressible to achieve high energy densities,” explained Daniela Sordi, CTO and co-founder of CarbonX. CarbonX’s feedstock technology purportedly consumes much less energy compared to synthetic or natural graphite production. This equals lower costs and less carbon emissions, it said. The company’s carbon anode material is currently undergoing “late-stage qualifications” with “several top 10 global battery cell manufacturers.” It expects to secure its first offtake agreements halfway into 2025. Graphite demand is expected to rise by 20-25 times between 2020 to 2040, according to the International Energy Agency (IEA). To cater to this “enormous market pull,” CarbonX plans to scale up quickly. CarbonX is currently planning its first high-capacity facility at an existing carbon black factory in the Port of Rotterdam. Its tech can “plug-in” to existing carbon black factories, using their current equipment, so there’s no need to build new plants. The company is also undergoing a feasibility study for a 20,000 ton per annum production line in both Europe and US, it said. “The founders of CarbonX found an answer to the developing Chinese export ban on graphite,” commented Jesse In ‘t Velt, investment manager of Energy Transition Fund Rotterdam.PIAA Class 4A football: Southern Lehigh rolls over Juniata to reach state semifinal for first time( MENAFN - GlobeNewsWire - Nasdaq) NEW YORK, Nov. 30, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Customers Bancorp, Inc. (NYSE: CUBI) resulting from allegations that Customers Bancorp may have issued materially misleading business information to the investing public. So what: If you purchased Customers Bancorp securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email ... for information on the class action. What is this about: On August 8, 2024, during market hours, the Federal Reserve Board of Governors issued an announcement entitled“Federal Reserve Board issues enforcement action with Customers Bancorp, Inc. and Customers Bank.” Attached to the announcement was a written agreement between the Federal Reserve Bank of Philadelphia, Customers Bancorp, Inc., and Customers Bank. The agreement stated“the most recent examinations and inspection of [Customers Bancorp and Customers Bank] conducted by the Federal Reserve Bank of Philadelphia [. . .] identified significant deficiencies related to the Bank's risk management practices and compliance with the applicable laws, rules, and regulations relating to anti-money laundering (“AML”), including the Bank Secrecy Act [. . .], including the rules and regulations issued thereunder by the U.S. Department of the Treasury [. . .], and the AML requirements of Regulation H of the Board of Governors [of the Federal Reserve System] [. . .]; and the regulations issued by the Office of Foreign Assets Control of the United States Department of the Treasury[.]” On this news, Customers Bancorp's stock fell $7.22 per share, or 13.3%, to close at $47.01 per share on August 8, 2024. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: , on Twitter: or on Facebook: . Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 ... MENAFN30112024004107003653ID1108941569 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.B ritain is in the grip of the worst housing crisis in living memory. For too long, the country has been held to ransom by the blockers and bureaucrats who have stopped the country building, choked off growth and driven prices through the roof. They’re suffocating the aspirations of working families and obscuring the future of our country. Those days are over. Our manifesto was very clear — the only way to improve the nation’s prosperity and the living standards of working people is sustained economic growth. We’re determined to do this with stability, investment and reform. Take our planning system — urgently in need of decisive reform after decades of becoming increasingly ruinous. House prices have gone through the roof as home-building has gone through the floor. Last year, the number of homes granted planning permission fell to the lowest for a decade, and the average home now costs eight times the annual earnings of an average worker.
Exclusive -- Rep. Warren Davidson: Pete Hegseth the 'Kind of Guy We Need Leading the Department of Defense'OneDigital Investment Advisors LLC reduced its position in shares of iShares MSCI South Korea ETF ( NYSEARCA:EWY – Free Report ) by 31.2% in the third quarter, HoldingsChannel.com reports. The firm owned 3,375 shares of the exchange traded fund’s stock after selling 1,532 shares during the period. OneDigital Investment Advisors LLC’s holdings in iShares MSCI South Korea ETF were worth $216,000 at the end of the most recent reporting period. Several other hedge funds also recently modified their holdings of EWY. Headlands Technologies LLC acquired a new stake in iShares MSCI South Korea ETF during the second quarter valued at approximately $29,000. Hara Capital LLC acquired a new stake in shares of iShares MSCI South Korea ETF during the 3rd quarter valued at $34,000. Farther Finance Advisors LLC boosted its stake in shares of iShares MSCI South Korea ETF by 1,964.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 578 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 550 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of iShares MSCI South Korea ETF in the 2nd quarter worth $49,000. Finally, Prudential PLC acquired a new stake in shares of iShares MSCI South Korea ETF during the second quarter worth $81,000. iShares MSCI South Korea ETF Stock Up 0.2 % Shares of NYSEARCA EWY opened at $58.13 on Friday. iShares MSCI South Korea ETF has a 12 month low of $55.69 and a 12 month high of $69.51. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 9.60 and a beta of 1.25. The business has a fifty day simple moving average of $61.44 and a 200-day simple moving average of $63.66. iShares MSCI South Korea ETF Profile iShares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange. Read More Want to see what other hedge funds are holding EWY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI South Korea ETF ( NYSEARCA:EWY – Free Report ). Receive News & Ratings for iShares MSCI South Korea ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI South Korea ETF and related companies with MarketBeat.com's FREE daily email newsletter .
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Lors de sa Journée européenne de l'innovation 2024, Huawei prône la collaboration pour libérer le potentiel de l'EuropeQuebec police arrest man, 51, in connection with death in Val-des-Monts
Adelaide [Australia], : Nitish Reddy shared his journey from a young cricket enthusiast dreaming of playing alongside Virat Kohli to making his Test debut for India. The all-rounder reminisced about his childhood when he would calculate his age to ensure he had enough time to play with Kohli before his retirement. Reddy's dream turned into reality when he received his maiden Test cap from Kohli ahead of the Perth Test, which India won by 295 runs, taking a 1-0 lead in the series. The 21-year-old, who grew up idolizing Kohli, expressed his admiration and excitement about playing with his hero. "This was a safety photo, at the time he was so famous. I felt that if I don't get a photo chance, let's take a picture now. It reminds me of my childhood dreams. From childhood, I was a huge fan of Virat bhaiya. I used to watch every match of him. I liked his celebration a lot - at that time, I used to calculate my age so as to see if he doesn't retire when I make my debut for India," Reddy shared his thoughts in a video posted by BCCI on its website. During the Perth Test, Reddy was more focused on Kohli's performance than his own. "Now playing with him and I was watching him close to ten runs, then five runs and I was thinking, he's close to getting his hundred. Even, I didn't realise that I was close to getting my fifty - it would be my first fifty in Tests if I scored 12 runs. I was so pumped up when he got his 81st hundred and it was a great moment to see," he recalled. Reddy also opened up about the sacrifices his father made for his cricketing career. "To be honest, I was not that serious when I was young. My father left his job for me. There has been lots of sacrifice behind my story," he said. He continued, "One day I saw him crying due to financial problems he had, and it felt like I had to do the hard work. Like, your father made this sacrifice and you are just enjoying cricket by playing it for fun. So that time, I took it seriously and suddenly in one year, I got the growth, did the hard work and it paid off." "Everyone said, 'Mutyala Reddy, you made your son go this far'. As a son of a middle-class family, I am so proud that my father is so happy now and I gave my first jersey to him, where I saw happiness in his face and felt immensely proud," Reddy added. Adjusting to the Indian team environment was initially challenging for Reddy. "I was a bit nervous at first about how I would interact with players. So, if I have any problems, I just want to go and talk with KL bhai. I somehow feel good vibes from him, whatever suggestions he gives it works for me," he mentioned. "He once said, 'Macha, when you go out in the centre, everything is going so fast. Don't go so fast, just slow down the game'. It's because my first match went in that way; everything happened so fast in seconds and that really helped me before going out to bat in my debut match," Reddy praised KL Rahul for his guidance. Reddy emphasized the importance of shadow practice in his routine. "I like to do a lot of shadow practising. At that time, I visualise the bowlers who are going to bowl to me and what shots I can play to them as per the situation. When you actually face them in the centre, it will be like 'Arey, you already practised against them in shadow practice'. So, that's how I keep my routine simple," he explained. Reddy aims to contribute to the team in every way possible. "I feel I do good in three dimensions and want to help the team whatever they want from me, so that's what I want to just focus on," he stated. In his debut Test in Perth, Reddy impressed everyone, including captain Rohit Sharma, with his all-round performance. He scored 41 runs in the first innings, an unbeaten 38 in the second, and took a wicket, earning praise for his brilliance on the field. This article was generated from an automated news agency feed without modifications to text.