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Hyundai Motor Company and Yeosu Gwangyang Port Corporation are partnering to commercialize hydrogen fuel-cell trucks. Yeosu Gwangyang Port Corporation will provide a site (about 2,000 m 2 ) for the construction of the hydrogen refueling station by 2022.
Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., FCRD's primary business will be the development of fuel cell systems for commercial vehicles to contribute to the realization of a clean mobility society in China.
Steelmaker SSAB has started a partnership in fossil-free steel applications with Oshkosh Corporation, a leading producer of mission-critical vehicles and essential equipment, including heavy-duty truck bodies, fire apparatus, access equipment and other specialty trucks. SSAB delivered its first fossil-free steel to the Volvo Group in 2021.
Members of the Corporate Electric Vehicle Alliance presented top vehicle manufacturers, including Volvo, GM, Daimler and Toyota, with a roadmap for developing the types of electric vehicles that companies plan to acquire in the US over the next five years. Alliance members recognize that the future is electric.
School bus manufacturer Blue Bird Corporation unveiled a Class 5-6 electric vehicle platform at the 2022 Advanced Clean Transportation (ACT) Expo. The company is building on its nearly century-long expertise of school bus manufacturing to expand its zero-emission transportation solutions to the commercial vehicle market.
Toyota Motor Company and Beijing SinoHytec have established a joint venture company to promote the commercial vehicle fuel cell system industry in China. Last year, Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co.,
Toshiba Corporation, Sojitz Corporation, and CBMM have entered into a joint development agreement for the commercialization of next generation lithium-ion batteries using niobium titanium oxide (NTO) as the anode material. Prototype cell & Niobium Titanium Oxide (NTO).
QuantumScape Corporation, a developer of next generation solid-state lithium-metal batteries for use in electric vehicles, and Kensington Capital Acquisition Corp., a special purpose acquisition company (SPAC), announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company.
NYK Line, Toshiba Energy Systems & Solutions Corporation, Kawasaki Heavy Industries Ltd., The project, which will begin this month, is Japan’s first effort to develop a commercially available FC vessel and carry out a demonstration operation involving the supply of hydrogen fuel. Role of each company. ENEOS Corporation.
NYK Line, Japan Marine United Corporation (JMU), and Nippon Kaiji Kyokai (ClassNK) signed a joint R&D agreement for the commercialization of an ammonia-fueled ammonia gas carrier (AFAGC) that would use ammonia as the main fuel, in addition to an ammonia floating storage and regasification barge (A-FSRB).
sennder, Europe’s leading digital road freight forwarder and Cabot Corporation, a leading global specialty chemicals and performance materials company, transported one of Europe’s first zero-emission cross-border heavy duty loads. Cabot recently announced its ambition to achieve net-zero emissions globally by 2050.
Suzuki Motor, Daihatsu Motor, and Toyota Motor will unveil prototype mini-commercial van electric vehicles (BEVs) equipped with a jointly developed BEV system. Commercial Japan Partnership Technologies Corporation (CJPT) also participated in the planning to achieve the optimal specifications for efficient last-mile logistics.
Lightning eMotors, a leading provider of commercial electric vehicles for fleets, announced a $45-million order for its zero-emission powertrain systems from Faribault, Minnesota-based motorcoach supplier ABC Companies. —Roman Cornell, president and chief commercial officer of ABC Companies. —Roman Cornell.
million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
Nikola Corporation said that it has developed a new battery that has a record energy density of 1,100 Wh kg -1 on the material level and 500 Wh kg -1 on the production cell level—including casing, terminals and separator—more than double current lithium-ion battery cells. —Trevor Milton, CEO, Nikola Motor Company.
Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the world’s largest traders of goods and services, has invested in OneH2, a hydrogen fuel company headquartered in Longview, North Carolina. Their solution is both mobile and scalable.
Isuzu Motors Limited, DENSO Corporation, Toyota Motor Corporation, Hino Motors, Ltd., Isuzu, DENSO, Toyota, Hino, and CJPT believe that hydrogen engines are one solution to reducing CO 2 emissions from heavy-duty commercial vehicles in transportation and logistics.
EV developer Faraday Future and US Hybrid Corporation are collaborating to advance the use of FF’s electric propulsion system in new energy products currently under development by US Hybrid. FF is committed to the development of EV solutions along with US Hybrid to support California’s drive towards zero emissions for commercial vehicles.
Australia-based Hysata, which is commercializing capillary-fed electrolysis technology developed at the University of Wollongong ( earlier post ) has closed its oversubscribed Series A funding round of $42.5 million AUD (US$30 million). Hoang, A.L., Tsekouras, G.
This will be the world’s first demonstration project in which a large amount of ammonia will be co-fired in a large-scale commercial coal-fired power plant. The two companies are moving forward with design and construction. Ammonia enables efficient, low-cost transport and storage of hydrogen.
BYD Company Ltd. signed a strategic business alliance agreement with a focus on collaborating in the development of commercial battery-electric vehicles (BEVs). The two companies will accelerate the development of commercial BEVs to provide the best-fit product for customers in a timely manner. and Hino Motors, Ltd.
has entered into an agreement with Sion Power Corporation ( earlier post ), a leading developer of high-energy rechargeable battery technology, to design and to supply battery cells based on their proprietary lithium-metal technology for commercial vehicle applications. Cummins Inc.
Avfuel Corporation, via Avfuel Technology Initiatives Corporation (ATIC), will collaborate with General Aviation Modifications, Inc., ( GAMI ), on the commercialization of the engineering company’s high-octane unleaded avgas, G100UL. ATIC has working with GAMI for years on the development of G100UL.
billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” DeepGreen Metals Inc., Transaction overview.
Nucor Corporation, a North American manufacturer of steel and steel products, has made an equity investment in Electra , a Colorado-based start-up developing a process to produce carbon-free iron that can be used to make steel. —Leon Topalian, Chair, President and Chief Executive Officer of Nucor Corporation.
Hystar AS, a Norway-based electrolyzer company, announced a Series B funding round of US$26 million to support the scale-up to full commercial operations with an automated GW-capacity production line by 2025. The round was co-led by AP Ventures and Mitsubishi Corporation.
Toyo Engineering Corporation and?Irkutsk Irkutsk Oil Company (IOC), Japan Oil, Gas and Metals National Corporation (JOGMEC), and Itochu Corporation are partnering on a joint feasibility study of a blue ammonia value chain between eastern Siberia and Japan.
Seven Japan-based companies—Asahi Tanker Co., Exeno Yamamizu Corporation; Mitsui O.S.K. The seven e5 Consortium corporate members are focusing their attention on fulfilling the potential of electric vessels to solve these issues. Idemitsu Kosan Co., Lines, Ltd.; Tokio Marine & Nichido Fire Insurance Co., Mitsui O.S.K.
a subsidiary of Toyota Motor Corporation, and REE Automotive Ltd. REE), the developer of a next-generation EV platform, signed a strategic business alliance agreement to realize their shared vision of “providing new value to society through next-generation commercial mobility.”. Hino Motors Co., —Hino CEO Yoshio Shimo.
The new cryogenic control chip will speed development of full-stack quantum computing systems, marking a milestone in the development of a commercially viable quantum computer. Credit: Walden Kirsch/Intel Corporation). —Jim Clarke, Intel’s director of Quantum Hardware.
The agreement with RSB is EVR’s fourth commercial agreement in India signed during the past eight months. Both the RSB Group and EKA Mobility agreements see EVR developing electric motors for Light Commercial Vehicles using its Trapezoidal Stator RFPM (TS-RFPM) topology.
This production license agreement with EnerTech is the next milestone in Enevate’s technology roadmap that leads to commercialization scheduled for 2022. South Korea-based EnerTech International is a leader in delivering lithium-ion cells using state-of-the-art manufacturing facilities to produce high-performance, large format batteries.
As the letter notes, such standards will be critical to accelerate a rapid transition to electric vehicles, and will be particularly important for companies that operate large fleets. Corporate EV Alliance members represent a wide variety of industries and operate under diverse use cases. — Corporate EV Alliance letter.
The company’s technology also improves battery capacity and charge rates, potentially reducing charging time by 50%. By reducing manufacturing costs and improving charge rates and capacity, Anaphite helps EV manufacturers overcome three of the key commercial barriers to genuine mass adoption of Li-ion batteries.
Class 8 electric powertrain company Hylion intends to merge with Tortoise Acquisition Corp. NYSE: SHLL), a publicly traded special purpose acquisition company with a strategic focus on the energy sector and decarbonizing commercial transportation in North America. billion, at the $10.00 exercise their redemption rights.
Sierra Energy Corporation closed a $33-million Series A investment round led by Breakthrough Energy Ventures and joined by Cox Investment Holdings, Inc., The company’s first commercial-scale demonstration facility is located at US Army Garrison Fort Hunter Liggett in Monterey County, California.
The Strike Carbon prototype equipped with Enevate battery technology has successfully demonstrated the combined capabilities of the two companies, with now more than 1,000 miles on the road while “refueling” at 350kW public charging stations.
MOBIUS.energy Corporation secured a $50-million investment commitment from GEM Global Yield LLC SCS, a $3.4-billion, MOBIUS has issued warrants to GEM, exercisable upon public listing, to purchase up to 3% of the common stock of the company. billion, Luxembourg-based private alternative investment group. —Eugene Choi, MOBIUS CEO.
Daimler Truck Holding AG, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), Hino Motors Ltd. Hino) and Toyota Motor Corporation concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino.
Yamato Transport and Commercial Japan Partnership Technologies Corporation (CJPT) will begin studying the standardization and commercialization of replaceable and rechargeable cartridge batteries. CJPT intends to advance plans for commercial BEVs powered by cartridge batteries.
Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). The combined entity will trade on the NASDAQ exchange under the ticker symbol “RIDE.”.
TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. To support the company’s scientific research, TAE needed an extremely scalable energy storage and power delivery system—one that could be deployed in the future to support integration of commercial fusion power.
The study will also address the economic viability of the large-scale receving and distribution business and sort out financial, technical and regulatory challenges for commercialization assuming that hydrogen is imported in the Chubu region. Iwatani Corporation, Chubu Electric Power Co., Iwatani Corporation, Chubu Electric Power Co.,
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