Green Stock News for December 19, 2024: $ACHR $TM $HUT $LGO

Green Stock News

Welcome to the Green Stock News brief for Thursday, December 19th. Here are today’s top headlines:

Archer Aviation (NYSE: ACHR) has received the certificate of occupancy for its manufacturing facility in Georgia, built in partnership with Stellantis, and aims to begin producing its Midnight eVTOL aircraft in early 2025. With plans to scale to 650 aircraft annually by 2030, the facility will leverage Stellantis' expertise to deliver sustainable, low-noise urban air transportation solutions.

Toyota Motor (NYSE: TM) has received $4.5 million from the U.S. Department of Energy to develop innovative solutions for EV battery circularity. In collaboration with national labs and industry partners, the project will focus on automating battery disassembly, improving classification methods, and repurposing degraded cells to support a sustainable battery supply chain.

Hut 8 (NASDAQ: HUT) has purchased 990 Bitcoin for $100 million, increasing its reserve to 10,096 Bitcoin valued at over $1 billion, positioning it among the top ten corporate Bitcoin holders globally. Acquired at an average cost of $24,484 per Bitcoin, the reserve will support an innovative financing model for the company’s fleet upgrade.

Largo (NASDAQ: LGO) has partnered with Stryten Critical E-Storage to form Storion Energy, a joint venture aimed at becoming a leading U.S. manufacturer of vanadium electrolyte. The venture seeks to advance flow battery production by addressing key industry barriers, pending customary closing conditions.