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WiTricity raises $34M in venture capital, including strategic investment from Mitsubishi

Green Car Congress

Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its US subsidiary, Mitsubishi Corporation (Americas). Mitsubishi Corporation’s investment in WiTricity reflects an innovative vision for the future of smart cities.

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Graphex and Northern Graphite partner on large-scale graphite processing facility site evaluations in Québec

Green Car Congress

Graphex Technologies LLC, the US subsidiary of Graphex Group Limited, and Northern Graphite Corporation announced that Graphex will participate in Northern’s previously announced selection process for a site suitable for the construction of a large-scale graphite processing facility in Baie-Comeau, approximately 420 km north-east of Québec City.

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Porsche launches carbon offset program in US

Green Car Congress

Following its corporate fleets, PCNA will soon offer Porsche Impact to USA customers who want to reduce the CO 2 footprint of their internal-combustion engines. The available programs are focused on forest protection in the US, hydropower in Vietnam, solar energy in Mexico, and species diversity in Zimbabwe.

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Volvo Car Corporation, Ericsson and partners in plug-in vehicle smart on-board charging research project

Green Car Congress

Volvo Car Corporation, Ericsson, the utility company Göteborg Energi and the Viktoria Institute are collaborating in the research project ELVIIS (Electric Vehicle Intelligent Infra Structure) to develop a concept for using intelligent infrastructure for the smart on-board charging of plug-in vehicles.

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VERBIO launches first cellulosic RNG plant in the USA

Green Car Congress

Then we will process up to 100,000 tons of corn stover into renewable natural gas (RNG) every year and make it available for the market as a climate-friendly, renewable biofuel. VERBIO concentrates on the use of internally developed innovative and efficient energy-saving production processes.

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Darling International and Valero Considering Forming a Joint Venture for Renewable Diesel

Green Car Congress

Darling International and a subsidiary of Valero Energy Corporation are taking initial steps towards the formation of a joint venture to build a facility capable of producing more than 10,000 barrels/day or (135 million gallons per year) of renewable diesel on a site adjacent to Valero’s St. Darling International Inc.

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Magna Q1 internet source of revenue falls 43%, however 2023 outlook improves

Baua Electric

The consequences come as Magna, just like the extra of the availability bottom, navigates monetary pressures attributable to inflation and diverse provide chain demanding situations, that have blended to seriously leave benefit margins when put next with ahead of the pandemic. billion to $1.5 billion, up from its earlier estimate of $1.1