article thumbnail

Hyundai Motor to expand XCIENT fuel cell truck entry into US market

Green Car Congress

Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. Our ultimate goal is to fight climate change and build a sustainable future. —Mark Freymueller, Senior Vice President and Head of Commercial Vehicle Business Innovation at Hyundai Motor Company.

Hyundai 468
article thumbnail

Si-dominant Li-ion company Enevate targeting power tool market

Green Car Congress

Enevate, a pioneer in advanced silicon-dominant lithium-ion (Li-ion) battery technology capable of high energy density and fast charging for electric vehicles (EV), is applying its battery solutions to advanced power cells for the power tool market and other high power applications. Benjamin Park, Enevate Founder and Chief Technology Officer.

Li-ion 286
article thumbnail

Vaekstfonden and DEUTZ AG invest €15M in methanol fuel cell company Blue World Technologies

Green Car Congress

Vaekstfonden, the Danish Growth Fund, and the German engine manufacturer DEUTZ AG, are investing €15 million in methanol fuel cell company Blue World Technologies. The aim is to bring the company’s green fuel cell products and solutions to the global market. million in the company.

Companies 446
article thumbnail

Polestar announces goal of climate-neutral car by 2030

Green Car Congress

Polestar, the premium electric performance car brand founded by Volvo Cars and Geely Holding, has set a goal of creating the first climate-neutral car by 2030. The company made the announcement in its first annual review. Environmental experts have warned that offsetting is not sustainable in the long run. Offsetting is a cop-out.

Climate 389
article thumbnail

UCL-led study finds climate impact caused by growing space industry needs urgent mitigation

Green Car Congress

The rapidly growing space industry may have a greater climate effect than the aviation industry and undo repair to the protective ozone layer if left unregulated, according to a new study led by UCL and published in the journal Earth’s Future as an open-access paper. The space industry is one of the world’s fastest growing sectors.

Climate 428
article thumbnail

ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

Green Car Congress

The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam 195
article thumbnail

IRENA report says tripling renewables investment required to reach 2050 climate goal

Green Car Congress

Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8

Climate 349