🪨 Battery Minerals Map + Australia & New Zealand Climate Tech 100

This week we look at our new Market Maps, preview Battery minerals, and spotlight the 2023 Australia and New Zealand Climate Tech 100. Don't forget to check out the 2024 Global Climate Tech Outlook, and sign up for our new Daily Newsletters Chart of the Day and Impact Capital Markets. For unlimited access to over one million charts, request a demo.

This Week's Topics

• 📊 Annual Outlook. 230 pages of trends, insights, and data
• 🪨 Battery Minerals Landscape. Market Map+
• 📊 Mineral Composition of EVs vs Combustion Vehicles and Reserves Of Battery Minerals Worldwide
• 🦄 2024 Global Climate Tech Unicorn List. 35 new Unicorns. $350B total value
• 📈 Battery Tech & Lithium Stock Index. Up and Up
• 💰 Climate Tech Top Deals of the Week

Have feedback or ideas for us? Email hello@holoniq.com — we'd love to hear from you!

📊 2024 Global Climate Tech Outlook

2024 is a fresh start and the stage is set for the next wave of Climate Technology.  Just a few weeks ago, we launched the 2024 Global Climate Tech Outlook, HolonIQ's annual analysis of the new climate economy, presenting over 230 pages of detailed market data, investment & analysis, strategic shifts, and trends in energy, the environment, infrastructure, and mobility. Download the extract or purchase the full report. You may also be interested in our Global Economic Outlook, Global Health Tech Outlook, or Global Education Outlook.

We have a jam-packed agenda for 2024 including a major new market sizing release and many more exciting new initiatives. Stay tuned or Connect with HolonIQ to learn more about how we support forward-thinking institutions, governments, and organizations worldwide as they navigate the challenges and opportunities ahead.

🪨 Battery Minerals Landscape

Battery minerals are the essential ingredients that make up lithium-ion batteries, used in everything from electric vehicles and electronics to renewable energy storage. These minerals are classified into what is known as "Critical Minerals", which are defined by specific characteristics that make them essential for modern technologies while simultaneously presenting potential vulnerabilities in their supply chains. Much of these mineral deposits are concentrated in a few countries, and a few others specialize in refining and processing these minerals for end use, thus reshaping modern geopolitics. As countries and corporations ramp up their decarbonization efforts, the role of these minerals has intensified, taking center stage in global trade movements and geopolitics, primarily due to the indomitable presence China has in this sector.

Key minerals include:

• Lithium: The star of the show, crucial for the cathode (positive electrode).
• Nickel & Cobalt: Key players in the cathode, offering different performance characteristics.
• Manganese: Another cathode component, impacts battery cost and performance.
• Graphite: Crucial for the anode (negative electrode).
• Rare Earth: Used in specialized magnets for high-performance batteries.

HolonIQ is tracking hundreds of players across the Battery Energy Storage landscape around the world and through Q1 we're launching an enhanced Market Maps feature to explore landscapes dynamically on dimensions important to you, by region, revenue, age, category, and more with subcategorization on any dimension in one click. Stay tuned for the launch!

🪨 Battery Minerals - Market Map

📊 Charts Spotlight - Mineral Composition of EVs vs Combustion Vehicles and Reserves Of Battery Minerals Worldwide

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The last few years have seen an exponential increase in the adoption of electric vehicles and as shown by the above chart, EVs require 6 times more minerals than conventional vehicles. Lithium-ion batteries that power the EV itself require a substantial amount of minerals ranging from Graphite, Lithium, Nickel, Cobalt, Manganese, Copper, etc. Thus, this increase in the adoption of EVs has led to an explosive growth in demand for these minerals, and given the scarce amounts of reserves of some of these minerals, most countries have classified them into what are known as critical minerals.

As shown above, Lithium and Cobalt, which are used in most modern electronics, have inadequate reserves against the vital role it's expected to play in the decarbonization movement. The onset of other battery types such as sodium-ion batteries and atomic batteries, if scalable, will ease the supply chain tensions within this sector. However, at the moment, discoveries of new reserves such as the recent discovery of the 3rd largest lithium reserve in Thailand is expected to somewhat alleviate this issue.

🏆 ANZ Climate Tech 100

The ANZ Climate Tech 100 is HolonIQ’s annual list of the most promising startups working in clean energy, zero-emission mobility, and sustainability.

The Australia and New Zealand Climate Tech 100 exhibited an even distribution across all subsectors, albeit not as much as what was observed in North America and other developed regions. The Food System sector, which recorded the highest growth, registered the highest number of startups, trailed by the Circular Economy and Storage & Distribution sectors, collectively representing half of the list. However, Critical Minerals were underrepresented despite the region's abundant mineral and metal deposits.

2024 Global Climate Tech Unicorn List

This week HolonIQ has updated the Global Climate Tech Unicorn List for 2024, with 35 new companies joining the exclusive list of private companies valued at $1B or more. These companies, combined, are worth close to $320B.

📈Capital Markets - Battery Tech, Battery Minerals Stocks.

💰 Funding

🔋 Instagrid, a Germany-based provider of portable battery storage, raised $95M Series C from Teachers’ Venture Growth. The funds will facilitate entry into the North American market, boost production, and expand its range of mobile power solutions for decarbonizing off-grid power.

🔌 Monta, a Danish EV charging company, raised a $87M Series B from Energize Capital, GreenPoint Partners, and Denmark’s state-backed Export and Investment Fund. The funds will be used to expand its EV charging management business across Europe and the US.

🌍 AiDash, a California-based climate tech company, raised $50M Series C from Lightrock to increase its headcount, establish its headquarters in Europe, and scale to meet growing international demand.

⚡ Welligence Energy Analytics, a Texas-based energy data & intelligence firm specializing in global oil and gas markets, raised $41M from Elephant. The funding will be used further to enhance its current products and geographical data coverage and expand into new energy research verticals.

🔋 Tiamat and Altris, sodium-ion battery technology firms based in France and Sweden, raised $31.5M from Stellantis Ventures. This funding will enable both companies to start the construction of a gigafactory.

💼 Acquisitions

🔄 Lindab, a Sweden-based provider of construction steel products and solutions, has signed an agreement to acquire Airmaster, a Danish company specializing in decentralized ventilation.

⚗️ Monomoy Capital Partners, a New York-based private investment firm, acquired EnviroTech Services, a Colorado-based chemical company dealing in de-icing, anti-icing, dust control, soil stabilization, and erosion control.

🚛 Fin Sustainable Logistics, a UK-based transportation company specializing in zero-emission and sustainable parcel delivery, has acquired Urb-it, a Swedish-based sustainable delivery company that recently faced bankruptcy.

🌍 EVORA Global, a UK-based provider of tech-enabled sustainability solutions, acquired Metry, a Sweden-based platform for environmental data collection.

☀️ TotalEnergies, a French energy company has signed an agreement to acquire Kyon Energy, a Germany-based renewable energy semiconductor manufacturing firm.

Thank you for reading. Have a great week ahead!
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