To take on Tesla, Sweden’s NorthVolt seeks $1 billion next year
NorthVolt AB, the Swedish company founded by a former Tesla Inc. executive, wants to cut the cost of storing power in half with a 4 billion euro ($4.2 billion) lithium-ion battery factory.
The Stockholm-based company wants to raise 1 billion euros by 2018, when it plans to break ground on a factory during the second half of the year, according to founder Peter Carlsson, who was Tesla’s former head of sourcing and supply chains. NorthVolt will announce a shortlist of possible Swedish manufacturing sites in about a month.
Rihanna helped raise over $2 billion for global education
She did it! Last week saw Rihanna tweet world leaders ahead of a global education fundraiser in Senegal asking for hearty donations.
While our Prime Minister didn’t find the time to reply to the singer, French President Emmanuel Macron joined her at the event to announce that the singer still helped to raise $2.3 billion for education in developing countries.
Beijing Philanthropist Commits $1.5 Billion to Conservation
In China, a culture of environmental awareness is breaking through the smog. And leading the charge is He Qiaonv, one of the country’s wealthiest women and most ardent conservationists.