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Chile President Gabriel Boric announced that his government will nationalize the country’s lithium industry, with the objective of increasing wealth for the country, and developing a key industry as a fundamental step to link Chile’s economic development with the change towards a green economy at a global level.
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.
Australian express freight company, Team Global Express, has placed an order for 36 Volvo FL Electric trucks. With transport accounting for 19% of Australia’s carbon emissions, and 38% of that coming from road freight, pressure is mounting on the industry to make the shift to electric. tonnes in this application.
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 ). 3D Printer at GM Additive Industrialization Center. 3D Printer at GM Additive Industrialization Center. Cadillac CELESTIQ show car.
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.
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.
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.
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. Over the coming years, Boston Metal plans to expand the new method for steel production on an industrial scale.
Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. Increasing future sales for BEVs will rely on companies improving awareness of their product. Source: Ipsos. —John Kiser.
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.
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.
is partnering with Colorado-based Lightning Systems, a global developer of zero-emission drivetrains. This collaboration enables both companies to offer the first electric, fuel-cell-powered Class 6 trucks (up to 12.5 Plug Power Inc. tons) capable of supporting middle-mile delivery logistics between warehouses and distribution centers.
Therefore, automakers are committing operational investments of nearly US$600 billion to secure their position in the future automotive market, according to GlobalData, a leading data and analytics company. It is near the top of the game for companies active in the EV space. The company leads in deals (M&A, partnerships, JV, etc.)
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.
Israel-based Foresight Autonomous Holdings, a developer of automotive vision systems, has signed a paid proof-of-concept (POC) project with the Chinese subsidiary of one of the world’s leading manufacturers of industrial equipment, heavy machinery, construction and mining equipment.
The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.
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.).
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., —Gerard Barron, Chairman and CEO of The Metals Company. Source: TMC. Source: TMC.
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.
Specialty chemicals company Evonik has invested in battery specialist SuperC. The Chinese company is a provider of graphene materials that improve the range, robustness, charging speed, and service life of lithium-ion batteries. Evonik has also its own global lithium-ion research center in Shanghai. billion in 2021.
The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO 2 captured per year, according to research company BloombergNEF’s (BNEF) newly released 2022 CCUS Market Outlook. of global emissions. Companies are already becoming more ambitious in their projects.
This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. 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. The company is assessing potential locations.
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.
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. Electra’s process results in zero carbon dioxide emissions.
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).
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.
Chart Industries and ZEV Stations executed a Memorandum of Understanding (MoU) enabling the two companies to collaborate on novel deployment for US-based, multimodal hydrogen stations with Chart equipment.
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.
development of the Teesside hydrogen cluster and decarbonization of industrial users in the area. 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 ?the new MoUs are with:?.
EIT InnoEnergy, the European innovation engine for sustainable energy, announced a partnership with Vulcan Energy Resources Limited (Vulcan), a start-up lithium exploration company, to produce the world’s first completely carbon-neutral lithium in Germany. Over time, production volumes are expected to increase substantially.
Mercedes-Benz and Siemens will cooperate on advancing digitalization and automation in the automotive industry, supported by the State of Berlin. Berlin-Marienfelde site to become competence center for the digitalization of the global Mercedes-Benz production network. Mercedes-Benz AG aims to digitize its production processes.
Also, the opportunity to have acquired an advanced asset base of this quality from one of the global leaders in the nuclear energy industry is highly unique. Other highlights of the acquisition include the following: Largest US uranium mining company. Wyoming Hub and Spoke. million pounds U 3 O 8 per year.
an integrated castor cultivation solution company and a subsidiary of Evogene Ltd. signed a framework agreement to sell seeds of its proprietary castor varieties to one of the world’s leading oil and gas companies for cultivation in specific African territories. Casterra Ag Ltd. , Initial purchase orders, valued at an aggregate of $9.1
Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Meritor is an industry leader in axle and brake technology. Under the terms of the agreement, Cummins will pay $36.50
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.
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. billion in 2020. It is growing at a CAGR of 54.7% billion by 2028.
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).
Hyundai Motor Company is expanding its partnership with the US Department of Energy (DOE) and its support of the DOE Hydrogen and Fuel Cells Program. Menezes announced the expansion of the partnership between Hyundai Motor Company and the US Department of Energy (DOE) for its support of the DOE Hydrogen and Fuel Cells Program.
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.
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.,
The company is actively targeting the rapidly growing CNT market, widely used as the material for cathodes in electric vehicle batteries. The CNT produced at this plant will be supplied to market-leading global electric vehicle battery companies as a conductive additive.
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.
Daimler Truck North America (DTNA) and Sysco Corporation (NYSE: SYY) a leading US foodservice distribution company, have signed a Letter of Intent (LOI) to deliver up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026.
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