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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. Each company will invest in the joint venture. FCRD is a company that holds tremendous significance for Toyota's global FC strategies.
Hyundai Motor Company shipped the first 10 units of the Hyundai XCIENT Fuel Cell, the first mass-produced fuel cell heavy-duty truck, to Switzerland. The company plans to ship a total of 50 XCIENT Fuel Cells to Switzerland this year, with handover to commercial fleet customers starting in September. Earlier post.)
Pony.ai, a global autonomous driving technology company, announced it is the first autonomous driving (AD) company to obtain a taxi license in China. robotaxi currently retains a safety driver, the company expects to remove the driver over the short- to intermediate-time frame. In May, Pony.ai While the Pony.ai
SK Corp, the holding company of SK Group, has made a strategic investment in Monolith , a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green (via electrolysis using renewable energy) and blue (conversion of methane accompanied by CO 2 capture and storage). Earlier post.).
Hydrogen mobility and clean energy company, HYZON Motors, and Total Carbon Neutrality Ventures, the venture capital arm of European energy giant Total SE, announced a strategic investment led by Total and other specialist hydrogen investors.
The investment will support acceleration of Infinium’s commercial developments globally. SK Trading International (SKTI), a wholly owned subsidiary of SK Innovation, has closed a round of institutional funding into electrofuels developer Infinium. Earlier post.)
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).
a developer of vehicle control systems and systems integrator, to provide hydrogen electric powertrain solutions to commercial vehicle OEMs across Russia, the Commonwealth of Independent States (CIS), and greater Europe. is a company of the METTEM TRANSPORT Group. METTEM-M, Ltd.
Hyundai Motor Company released images of its newly upgraded XCIENT Fuel Cell, the world’s first mass-produced, heavy-duty truck powered by hydrogen. The fuel cell system’s durability as well as the vehicle’s overall fuel efficiency has been improved to better stay in tune with the demands of commercial fleet customers.
Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 Niron says that its technology delivers magnets that are less expensive, more sustainable, globally available, and made from abundant input materials not subject to supply constraints or price instability.
ZF Group has received several large-scale orders worth several billion euros from North American vehicle manufacturers for its automatic 8-speed PowerLine transmission—including the largest individual commercial-vehicle-related order in company history. In 2023, production will start in Gray Court, South Carolina.
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.
a leading AI company with strong internet foundation, has secured the first permits in China to offer commercial fully driverless robotaxi services to the public on open roads. Baidu, Inc., By the end of March 2022, Baidu has ranked No.1
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. In June 2018, the three companies entered into a joint agreement to develop NTO’s potential as an anode material.
Concurrent with the closing of the round, Till Reuter, former CEO of KUKA, and David Fuller, former CTO of KUKA and current CEO of Artificial, will join the company as independent board directors. Supply chain efficiency and resiliency are top of mind for many companies today.
The Group said it will electrify all new commercial vehicle models—featuring fuel cell electric or battery electric powertrains, as well as the application of fuel cell systems—by 2028. High durability stacks for commercial vehicles will achieve 500,000 kilometers of drive range. Next-generation fuel cell systems.
million seed round to support the commercialization of a new next-generation polymeric hydrogen separation membrane. The funding is led by the venture arm of MANN+HUMMEL (a global market leader in filtration and separations), Energy Revolution Ventures from the UK, Volta.VC Start-up DiviGas has announced a $3.6-million Source: DiviGas.
Nippon Kaiji Kyokai (ClassNK), and ENEOS Corporation announced that Japan’s New Energy and Industrial Technology Development Organization (NEDO) has approved the companies’ participation in a demonstration project for the commercialization of high-power Fuel Cell (FC) vessels. Role of each company. ENEOS Corporation. Background.
eFuels company HIF Global ( earlier post ) and Siemens Energy reached an agreement under which Siemens Energy will supply electrolyzers to the HIF Matagorda eFuels Facility. We face a time of incredible expansion in hydrogen production amid global supply chain challenges.
In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87
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.
Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. Hyundai believes China has a massive potential for hydrogen powered commercial vehicles. Hyundai Motor signed an MOU with Shanghai Electric Power Co., Shanghai Sunwise New Energy System Co.,
earlier known as Synthetic Genomics, has signed a joint development agreement with ExxonMobil Research and Engineering Company (EMRE) with the intent to bring Viridos’ low-carbon intensity algae biofuels toward commercial levels. Viridos Inc., The development partnership has continued over the years.
(TME) announced the expansion of their existing partnership with an agreement for a new large-size commercial van, including a battery electric version. Stellantis will supply TME with the new large-size commercial van for sale in Europe under the Toyota brand. —Carlos Tavares, Stellantis CEO.
a waste-to-fuels company, closed a $20-million strategic investment from Chevron USA, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund. Our investment with Raven SR underscores our commitment to help develop a commercially viable hydrogen value chain that can provide lower carbon energy solutions to a variety of sectors. Raven SR Inc.,
The Metals Company (TMC) announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., The Metals Company (TMC) announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., Ongoing testing of Pilot Collection System before planned upgrade to Project Zero System. Source: TMC.
Plug Power unveiled a new high-power stationary fuel cell system for charging commercial electric vehicle (EV) fleets. Operators deploying commercial electric vehicles face many obstacles, from grid power capacity restrictions to clean power requirements to long waits for grid infrastructure upgrades and installations.
announced a $100-million investment commitment from GEM Global Yield LLC SCS, a Luxembourg-based private alternative investment group. Concurrent with a public listing of Skyworks Aeronautics shares, Skyworks Aeronautics will issue warrants to GEM to purchase up to 3% of the common stock of the company. Skyworks Aeronautics Corp.
Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. This transaction also offers TMC shareholders exposure to a royalty company that I am confident under Brian’s leadership will become a market leader.
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.
The development of further charging possibilities through opportunity charging and public charging will successively open up further applications with a larger radius of action for logistics companies. Global electric truck portfolio at Daimler Trucks.
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. We looked at over 100 companies, many of them in the EV and renewable energy space. DeepGreen Metals Inc., Seafloor polymetallic nodule. Transaction overview.
Li-Cycle Holdings, the leading lithium-ion battery recycler in North America, and Vines Energy Solutions ( VinES ), a Vingroup company that specializes in the research, development and manufacturing of advanced batteries for mobility and energy storage applications, launched a global recycling partnership. Earlier post.)
The two companies have been developing E-ODH independently for many years; this new collaboration brings together their complementary patent positions and expert know-how. —John van der Velden, Senior Vice President Global Sales & Technology at Linde Engineering.
During Ford Capital Markets Day, Hau Thai-Tang, Chief Product Platform and Operations Officer, said that Ford anticipates 40% of Ford’s global vehicle volume will be fully electric by 2030—“ a massive shift from the low single digits today.”. Ford is also developing a different battery cell optimized for commercial vehicles.
bp ventures has committed $10 million, leading the Series B investment round, in WasteFuel , a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as biomethanol. billion metric tons by 2050.
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.
Ford announced a new global battery center of excellence—called Ford Ion Park—to accelerate research and development of battery and battery cell technology, including future battery manufacturing. —Hau Thai-Tang, Ford’s chief product platform and operations officer.
The process developed by Electra produces Low-Temperature Iron (LTI) from commercial and low-grade ores using zero-carbon intermittent electricity. The company electrochemically refines iron ore into pure iron at 60 degrees Celsius (140 degrees Fahrenheit) using renewable electricity.
Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. We are running out of time to limit global warming. —Mark Freymueller, Senior Vice President and Head of Commercial Vehicle Business Innovation at Hyundai Motor Company.
Cemvita scientists increased microbe performance by six and a half times the rate needed to produce hydrogen at $1/kg, a key milestone necessary to advance the program toward commercialization. According to recent studies, the global green hydrogen market size was valued at US$0.3 billion in 2020. It is growing at a CAGR of 54.7%
Toyota Motor Europe’s (TME’s) Fuel Cell Business is looking to expand further into the wider commercial vehicle sector as a means to accelerate the growth of zero emissions hydrogen mobility. Globally, Toyota is already working with multiple truck partners to integrate fuel cell technology in heavy-duty transport. Earlier post.)
is a Vancouver-based company focused on electric vehicle lithium-ion battery materials. A&P is a public company listed on the KOSPI, the main board of the Korea Exchange. A&P will actively support NEO in its commercialization efforts, and both parties have established a top priority of pursuing strategic investments into NBM Korea.
A joint industry partnership to commercialize clean, gold hydrogen, the program’s founding members include synthetic biology company Cemvita Factory (innovator in low-carbon microbial solutions for energy and mining resource extraction, production, and renewal); and Chart Industries, Inc. (a a leader in clean energy solutions).
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