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Australian express freight company, Team Global Express, has placed an order for 36 Volvo FL Electric trucks. The 36 units will become a part of Team Global Express Sydney metropolitan pick-up and delivery fleet. Volvo Trucks’ target is that half of its global total sales of new trucks will be electric by 2030.
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.).
Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. In 2020 global supply was roughly 315k tons; this is expected to rise to 5.5M Earlier post.) tons by 2040.
Norway-based Green inverstment company Saga Pure ASA has committed to subscribe for NOK 30 million (US$3.5 Following the private placement, Saga will have an ownership of approximately 33% in the company. Completion of the private placement is subject to the success of certain near-term company milestones.
StoreDot, a developer of extreme fast charging high energy batteries for electric vehicles, announced that its XFC batteries and systems are now being tested by more than 15 global automotive brand manufacturers, and that it has additional potential manufacturing partnerships in the pipeline for this year.
The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).
Hyundai Motor Company released images of its newly upgraded XCIENT Fuel Cell, the world’s first mass-produced, heavy-duty truck powered by hydrogen. With the launch of the enhanced model, Hyundai plans to accelerate the global roll-out of its heavy-duty fuel cell truck.
General Motors will invest more than $81 million into the company’sGlobal Technical Center in Warren, Michigan, to prepare the campus to build the Cadillac CELESTIQ ( earlier post ). The investment will be used to purchase and install related equipment to hand-build the CELESTIQ and campus renovation work has already begun.
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.)
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.
In addition, the companies intend to design and develop jointly even more advanced next-generation battery cells and packs for truck-specific applications, with a focus on high modularity and scalability in order to support different truck applications and flexible compatibility with future e-truck models.
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.
Joint ventures between automakers and battery companies have been central to this growth. In 2031, China is set to have almost 4,500 GWh of gigafactory capacity, representing 70% of global capacity. Europe has increased its pipeline by eight gigafactories over the same period.
Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Steel is one of the main sources of CO 2 emissions in our supply chain.
The largest asset-based transportation company in Europe, Girteka Logistics, was one of the first road freight transport companies to be given the Green Carrier Certificate by one of its partners, DHL. The company grew from 600 trucks in 2010 to 9,000 trucks in Europe, Scandinavia and CIS countries. Earlier post.)
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.
ABIC), a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement under which ABIC will combine with LiveWire, Harley-Davidson’s electric motorcycle division ( earlier post ), to create a new publicly traded company. Harley-Davidson and AEA-Bridges Impact Corp. billion at closing.
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.
Ricardo has partnered with UK-based technology company Brightec to develop a smartphone app which will enable hybrid vehicles to sense that they have entered a clean air zone and encourage a switch to electric mode. The project addresses both the existing vehicle fleet and also extends to long-term improvements in air quality.
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.
Octillion Power Systems, a global provider of advanced lithium-ion batteries, has moved to a new US headquarters in Richmond, California. The company’s North and South American operations will be based there. The company has operations in 16 locations in Asia, Europe and North America with a global workforce of more than 400 employees.
Over the next five years, Volvo Cars will launch a fully electric car every year, as it seeks to make all-electric cars 50% of global sales by 2025, with the rest hybrids. —Geert Bruyneel, head of global production operations. I am pleased to celebrate this momentous occasion with our employees here in Ghent.
Since its foundation in 2001, Yadea has achieved major milestones, including being listed on the Hong Kong Exchanges and Clearing Limited in 2016, and selling 10 million units globally in 2020, to grow rapidly by capturing needs for vehicle electrification. ???01(Huan 01(Huan Dian Shou 01)’s rear wheel.
The company is in discussions with the Government of Ontario regarding its support. This project is part of ArcelorMittal’s new global 25% CO 2 2030 emissions reduction target which was announced yesterday in our second climate action report. The new DRI and EAF will be in production before the end of 2028.
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.)
BYD and Uzavtosanoat JSC (UzAuto) signed an agreement to establish a joint venture company producing new energy vehicles (NEVs). The new joint venture company, which will manufacture best-selling NEVs including the DM-i super hybrid models and related parts, is anticipated to be based in Uzbekistan.
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.
We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. Fuel cell development is done in collaboration with Austrian engineering company AVL, the world’s largest independent company for development of powertrain systems.
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).
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. Both parties have also agreed to take advantage of the network of A&P’s related companies, YSP and Yongsan, to strengthen NEO’s global business network.
This includes an initial order of 100,000 Teslas by the end of 2022 and new EV charging infrastructure across the company’sglobal operations. Global EV sales skyrocketed 200% in the last year and will likely continue to grow with commitments from global automakers to increase EV sales.
SK Innovation has decided to spin off its battery production and exploration & production (E&P) business as independent companies. SK Innovation will be a holding company that plays the role of the “Green Portfolio Designer & Developer” and puts greater emphasis on the improvement of the enterprise value. The SK Battery Co.,
The technology company plans to acquire assets of the US chipmaker TSI Semiconductors, based in Roseville, California. With a workforce of 250, the company is a foundry for application-specific integrated circuits, or ASICs. Above all, the global ramp-up of electromobility is resulting in huge demand for such special semiconductors.
CF Fertilisers, one of the largest global producers of ammonia and ammonia-based fertilizers ?products, Mitsubishi Chemical Corporation, a leading global manufacturer of chemical products, to scope ? These companies are seeking to decarbonize existing operations in Teesside by switching fuel from ?natural
StoreDot, the developer of extreme fast charging (XFC) battery technology for electric vehicles, reports being the first company to test silicon-dominant cells for more than 1000 cycles. I’m hugely proud of our recent achievement. I’m hugely proud of our recent achievement.
In January, AutoX launched a commercial robotaxi system in Shenzhen, China, becoming one of the first autonomous driving companies in the world to provide full self-driving mobility services with no safety driver behind the wheel. The Gen5 system is the next step in its global rollout of safer, more efficient autonomous transportation.
Baker Hughes’ NovaLT12 turbines can burn up to 30% hydrogen in dry low emission (DLN) mode; the company is moving toward 100% H 2 capability. Snam has the most extensive transmission network among European peers (more than 41,000 km globally) and the largest natural gas storage capacity (ca. 20 billion cubic meters globally).
Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Global consumption of lithium in 2021 was estimated to be 93,000 tons, a 33% increase from 70,000 tons in 2020. Lithium is expected to trade at 484,185.00
a designer and manufacturer of electrolyzers, recently signed a memorandum of understanding (MoU) with Black & Veatch, a global engineering, procurement, consulting and construction company, to offer a complete and integrated solution for producing large-scale green hydrogen for industrial customers. Next Hydrogen Solutions Inc.,
The companies will work together to drive adoption of open, interoperable standards in wireless charging for global electric vehicle (EV) infrastructure Siemens makes strategic investment in WiTricity and licenses their technology for future wireless EV charging products. —Markus Mildner, CEO of Siemens eMobility.
The company is developing systems capable of producing 5,000 kg, 10,000 kg and 30,000 kg of hydrogen per day. BayoTech is committed to addressing the global need for consistent, cost-effective, low-carbon supply of hydrogen.
The global market for lithium-ion battery separators was an estimated $5.1 Optodot licensed its 1 st Generation boehmite ceramic battery patents to LG Chem in 2016; Optodot is also a portfolio company of LG Technology Ventures. —George Palikaras, President and CEO META. billion in 2021 and is projected to reach $9.0
a developer of energy-dense ammonia power solutions ( earlier post ), and Amon Maritime, an ammonia-powered shipping and technology company, signed a memorandum of understanding (MOU) to advance carbon-free, ammonia power solutions for the global shipping industry. Amogy Inc.,
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