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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. —Tore Enger, CEO of TECO 2030 ASA.

Norway 468
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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. Driven by Asian markets, global demand for virgin polyolefins is expected to grow above global GDP by 2030. The company can build on a strong position.

Oil 465
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3-year, $75.7M eRamp power electronics research project launches at Infineon

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Infineon, a global market leader in power semiconductors, is leading the €55-million (US$75.7-million) The Project eRamp is co-funded by grants from ENIAC Joint Undertaking and from Austria, Germany, the Netherlands, Romania, Slovakia und the UK. Twenty-six research partners from six countries are participating. million) project.

Austria 265
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Siemens and Mitsubishi Heavy form joint venture for metals industry

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Siemens AG and Mitsubishi Heavy Industries, Ltd. The move has two aims: expansion of the product line in the steel and metal production machinery business and acceleration of globalization. The move has two aims: expansion of the product line in the steel and metal production machinery business and acceleration of globalization.

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ElringKlinger and Plastic Omnium create fuel cell technology JV

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Plastic Omnium will also contribute to the development of the JV through its global customer portfolio, its worldwide presence and its technological expertise in hydrogen storage and systems. This acquisition strengthens Plastic Omnium's expertise in energy management and control in hydrogen systems (“balance of plant”).

Fuel 355
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

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The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. million units in March 2020, down by 39% from March 2019. million units.

Europe 261
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Hyundai signs MOU with UC Berkeley and UC Davis to establish ‘Hyundai Center of Excellence’ for collaborative R&D

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This marks the first collaboration project in Hyundai’s larger R&D joint research and professional development program, called Hyundai R&D Global Frontier. This year Hyundai will collaborate with 22 industry leaders in business and academia. This year Hyundai will collaborate with 22 industry leaders in business and academia.

Davis 246