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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.
Infinium, an electrofuels solution provider, announced the close of a funding round bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP Ventures, Neuman & Esser, and the Grantham Environmental Trust. —Robert Schuetzle, CEO of Infinium.
Zero Emission Industries (ZEI), a hydrogen technology company for maritime, announced the first close of its Series A funding round. The round is led by Chevron New Energies with additional investment from US-based shipping and logistics company Crowley.
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.
The US Department of Energy (DOE) announced $46 million in funding ( DE-FOA-0002809 ) to eight companies advancing designs and research and development for fusion power plants. Commercial fusion power on a decadal timescale with the compact, high-field ARC power plant. ST40 also achieved the highest triple product by a private company.
Oshkosh Corporation and its brand McNeilus are working together on future research and development initiatives across multiple commercial vehicle product lines. SSAB aims to deliver fossil-free steel to the market in commercial scale during 2026 and delivered the first steel made of hydrogen-reduced iron in 2021. Earlier post.).
Solid-oxide fuel-cell manufacturer Bloom Energy and Samsung Heavy Industries (SHI), a part of Samsung Group, have signed a joint development agreement (JDA) to design and to develop fuel cell-powered ships. The two companies will work together to realize their vision of clean power for ships and a more sustainable marine shipping industry.
a special purpose acquisition company (SPAC), announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company. Transaction overview. The business combination values QuantumScape at an implied $3.3 billion pro forma enterprise value.
The investment will support acceleration of Infinium’s commercial developments globally. Infinium’s technology focuses on production of liquid fuel alternatives for industries that are challenged with decarbonization today, such as long-haul trucking, marine and aviation. Earlier post.) Infinium electrofuels process.
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. Fully driverless cars providing rides on open roads to paying customers means we have finally come to the moment that the industry has been longing for.
the developer of silicon anode Li-ion battery cells with its Si-Nanowire platform ( earlier post ), has shipped the first commercially available 450 Wh/kg, 1100 Wh/L lithium-ion battery cells to an industry leader of a new generation of High-Altitude Pseudo Satellites (HAPS). Amprius Technologies, Inc.,
Toyota Motor Company and Beijing SinoHytec have established a joint venture company to promote the commercial vehicle fuel cell system industry in China. FCRD’s primary business is the development of fuel cell systems for commercial vehicles. Earlier post.).
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.
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.
In an online event from Seoul, Hyundai Motor Group presented plans to popularize hydrogen by 2040 through the introduction of new technologies and mobility solutions in transportation and other industrial sectors. High durability stacks for commercial vehicles will achieve 500,000 kilometers of drive range.
Suzuki Motor, Daihatsu Motor, and Toyota Motor will unveil prototype mini-commercial van electric vehicles (BEVs) equipped with a jointly developed BEV system. The unveiling will take place at an exhibition event that introduces the automobile industry’s efforts to achieve carbon neutrality (CN), from 18-21 May.
This collaboration enables both companies to offer the first electric, fuel-cell-powered Class 6 trucks (up to 12.5 Final production and testing of the new vehicles will be completed at Plug Power’s headquarters in Latham, New York, before they are made commercially available to the public in the third quarter of 2020. Plug Power Inc.
ROUSH CleanTech, Penske Truck Leasing, and Proterra Inc announced a new collaboration under which Proterra will supply its battery technology to ROUSH CleanTech for the development of its next-generation Ford F-650 all-electric commercial truck.
Israeli startup EVR Motors has partnered with India’s EKA Mobility, an electric vehicles and technology company, a subsidiary of Pinnacle Industries Limited, to design small, lightweight electric motors for their e-buses and Light Commercial Vehicles (LCVs) in India.
Yanmar Power Technology, a subsidiary of Yanmar Holdings, is commercializing a 300 kW maritime hydrogen fuel cell system. The company plans to propose the installation of this system into various ships, including passenger ships, work ships, and cargo ships operating in coastal areas where hydrogen refueling is relatively accessible.
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.
With the final site approval, NEO has now additionally doubled the initial target annual silicon anode production capacity to 240 tons on the same mass-production lines and has consequently renamed the semi-commercial plant into a commercial-scale plant facility to accommodate for industry capacity standards.
million seed round to support the commercialization of a new next-generation polymeric hydrogen separation membrane. This financing round will enable the production of Divi-H at an industrial scale, under the first two mass manufacturing lines. Start-up DiviGas has announced a $3.6-million Source: DiviGas.
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.
Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 Tesla and will address a wide range of applications from audio speakers, magnetic sensors and consumer appliances to industrial motors and automotive accessory motors. million in new financing.
Albertsons Companies, the second-largest grocery chain in the US, recently took delivery of two Volvo VNR Electric trucks at its distribution center in Irvine, California. company-wide fleet, and will be serving Albertsons, Vons, and Pavilions stores in Southern California.
For years, commercial long-haul, utility, and emergency trucking fleets have been converting their existing trucks into hybrid and full electric vehicles to save money and reduce emissions. Their industry connections and contracting flexibilities greatly shortens the time to bring capability to the Warfighter.
The seven projects, each involving a group of companies working in partnership on green transport technology, will each benefit from industry support, together with a government grant. million from the automotive industry. million awarded by government, matched by industry to a total £12.6 NEXTGENZEBS – Wrightbus.
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.,
Vulcan Energy Resources signed an agreement with chemical park management company Infraserv to secure a site for its planned Central Lithium Plant (CLP) of its Zero Carbon Lithium Project, at the Ho?chst chst Chemical Park (Industriepark Ho?chst), chst), located just outside of Frankfurt.
The Metals Company (TMC) announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., I’m thrilled that these trusted and independent institutions have agreed to undertake this research, setting a high bar for future work in this industry. —Gerard Barron, Chairman and CEO of The Metals Company.
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.
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., DeepGreen stands above the rest. Transaction overview.
Westinghouse Electric Company and Bloom Energy Corporation have entered into a Letter of Intent to pursue clean hydrogen production in the commercial nuclear power market. The companies are teaming to identify and implement clean hydrogen projects across the nuclear industry. Earlier post.).
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.
The industrial sector is responsible for more than 30% of the country’s greenhouse gas (GHG) emissions. To achieve deep decarbonization, industries must work together to find solutions that span the entire industrial sector, DOE said.
Blackstone Technology GmbH may begin commercialization of 3D-printed solid-state sodium-ion batteries as early as 2025. The 3D-printed solid-state batteries produced as part of the project will be installed in an electric bus operated by the Berlin-based company Eurabus in order to demonstrate their performance under: real-world conditions.
Just as Nucor changed the face of the steel industry 53 years ago with our first electric arc furnace, successfully developing and scaling up a zero-carbon iron product is the type of transformative technology that could change the steel industry as we know it.
The consortium brings together operators of the largest UK fleets of vans and trucks and predominant members of the hydrogen industry, including hydrogen producers, hydrogen state suppliers and vehicle manufacturers. The commissioning integrates two MAN eTGE vehicles with Ballard Power System’s Fcgen-LCS hydrogen fuel cell.
has received an investment from Mitsubishi Heavy Industries America, Inc. to support its commercial-scale, emissions-free hydrogen manufacturing technology. Monolith Materials is the first US manufacturer to produce “turquoise hydrogen” on a commercial scale. Monolith Materials, Inc. Monolith process.
Following successful field trial results, Cemvita has created a wholly owned subsidiary for the Gold Hydrogen business, Gold H2 LLC (GH2), and subsequently raised and closed funding into the entity, led by founding investors Chart Industries and 8090 Industries. Source: Cemvita. —Charles Nelson, Chief Business Officer of Cemvita.
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
Stellantis, TotalEnergies/Saft and Mercedes-Benz have finalized the agreement to bring Mercedes-Benz onboard as a new, equal partner of Automotive Cells Company (ACC). The partners have committed to increase ACC’s industrial capacity to at least 120 GWh by 2030. Earlier post.) —Yann Vincent, ACC’s CEO.
Mitsubishi Motors will begin production of the Minicab-MiEV, a onebox kei–car-class commercial electric vehicle (EV), at PT Mitsubishi Motors Krama Yudha Indonesia (MMKI), MMC’s factory in Indonesia. MMKI has a production capacity of 220,000 vehicles per year, and currently produces the Pajero Sport, Xpander, and Xpander Cross.
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