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The supply will go beyond 2030. 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.
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 globalsupply chain challenges.
ETCR is the world’s first all-electric touring car race category that provides leading vehicle manufacturers a global stage to showcase electric technology in a high-performance arena. Only vehicles without internal combustion engines are allowed to participate.
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 globalsupply was roughly 315k tons; this is expected to rise to 5.5M Earlier post.) tons by 2040.
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.
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 colorants and functional materials division of Japan’s Toyo Ink Group, will supply the North American and European operations of SK Innovation, a South Korean lithium-ion (li-ion) battery manufacturer, with Toyocolor’s Lioaccum series of conductive carbon nanotube (CNT) dispersions. Toyocolor Co.,
Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles. Both parties have also agreed to inject 2 billion RMB (US$307 million) in capital into the company.
Neste and CIM, part of NOVEN Group in France, the leading independent French group of companies providing oil storage and supply services, are collaborating to enable the supply of Neste MY Sustainable Aviation Fuel into France. CIM, import terminal at Le Havre. million tons per annum by the end of 2023.
Octillion Energy, a global supplier of advanced high-density lithium-ion battery packs for passenger cars, trucks, buses, and energy-storage systems, has achieved the milestone of shipping more than 1,500 battery packs a day and expects to hit 2,000 packs per day this month. billion kilometers driven on its systems.
Globally, Toyota is already working with multiple truck partners to integrate fuel cell technology in heavy-duty transport. The partnership with Hyliko also marks another step towards TME’s vision for hydrogen ecosystems in Europe, stimulating both supply and demand to expand into viable business models. Earlier post.) Earlier post.)
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
Cummins will supply a 35-megawatt (MW) proton exchange membrane (PEM) electrolyzer system for Linde’s new hydrogen production plant in Niagara Falls, New York. The new plant will be the largest electrolyzer installed by Linde globally and will more than double Linde’s green liquid hydrogen production capacity in the United States.
and Toyota Motor Corporation have jointly developed a fuel cell power supply vehicle that uses hydrogen to generate electricity. Denyo and Toyota are both actively engaged in efforts for the global environment as they see related problems as important issues for management.
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.
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. Source: DeepGreen.
Vale Canada and lithium-ion cell producer Northvolt AB announced a multi-year agreement for Vale to supply low-carbon nickel products to Northvolt, reinforcing the companies’ shared commitment to sustainability in the electric vehicle supply chain and electrification of the broader mining industry.
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.
In addition, the participants are also concerned with aspects such as optimized load management of the electricity grid and sustainable electricity supply. Global electric truck portfolio at Daimler Trucks. The experts of the E-Mobility Group will discuss, among other things, the possibilities of public funding for the infrastructure.
Integrated SAF supply chain to Singapore Changi Airport. To support its aviation customers across the globe in achieving their climate targets by reducing their emissions with SAF, Neste is also developing a global network of airports where it has the capability to supply SAF directly into aircraft.
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.
Bolivian micro-mobility and clean energy startup MOBI has partnered with American direct lithium extraction company Energy Exploration Technologies Inc. Both companies will work towards creating a Bolivian domestic lithium battery supply chain to develop the region’s electric mobility market. EnergyX) ( earlier post ).
billion in 2022 as 200mm fab utilization remains at high levels and the global semiconductor industry works to overcome the chip shortage. SEMI connects more than 2,500 member companies and 1.3 Semiconductor manufacturers worldwide are on track to boost 200mm fab capacity by 1.2 After climbing to $5.3 Source: SEMI.
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.)
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.
Molicel ), a supplier of lithium-ion battery cells, entered into a memorandum of understanding for Molicel to manufacture and supply the battery cells for Archer’s production electric vertical takeoff and landing (eVTOL) aircraft, Midnight. TCC is the first listing company in Taiwan stock market.
onsemi, a provider of intelligent power and sensing technologies, and premium electric mobility brand ZEEKR have entered a long-term supply agreement (LTSA). The new LTSA will enable both companies to build a stronger supply chain relationship to support ZEEKR’s growth over the next decade.
SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs). Earlier post.).
time, it announced it had signed initial MoUs to scope the supply of hydrogen to chemicals ?manufacturer CF Fertilisers, one of the largest global producers of ammonia and ammonia-based fertilizers ?products, products, to scope the supply of clean hydrogen as fuel to reduce hard to abate combustion ?emissions At the same ?time,
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.
a waste-to-fuels company, closed a $20-million strategic investment from Chevron USA, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund. Raven supplies all the needed endothermic heat from sources outside of the reformer by recycling waste heat and/or electrical heat up to 1,200°F (649 ?C). Raven SR Inc., Earlier post.). 22 CCR § 66260.10
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 signed a hydrogen supply deal with Amazon to provide liquid green hydrogen starting in 2025 to help decarbonize Amazon’s operations as part of its commitment to be net-zero carbon by 2040. Specifically, Amazon and Plug have signed a deal for Plug to supply 10,950 tons per year of liquid green hydrogen to fuel Amazon operations.
The two companies will also discuss the development of an efficient production system to ensure stable supply capacity for jointly developed batteries. Nissan will expand the award-winning 100% electric motor-driven e-POWER technology globally into the B- and C-segments. Nissan Motor Co., and Sunwoda Electric Vehicle Battery Co.,
ANGI Energy Systems, a Vontier company announced a strategic collaboration with Nikola Corporation to support Nikola’s plan to create the largest North American open-network of commercial hydrogen refueling stations by providing technically advanced hydrogen fueling dispensers, under Nikola’s HYLA brand.
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.)
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.
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
BASF now has the worldwide distribution rights for RheoFalt smart additives to modify asphalt and bitumen manufactured by the Netherlands-based company Ventraco. Excluded from the agreement are Belgium, Luxembourg and The Netherlands, where Ventraco will continue to supply the products.
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. Batteries are a key technology of our time.
The company is expanding its facility in St. The facility first opened in 2021 and currently supplies steel battery enclosures to a global automaker. A new 200,000 square-foot greenfield powertrain facility in Shelby Township will supply battery tray components for a global automaker’s electric vehicles.
The demand for high purity nickel as one of the necessary materials for the cathode materials used in high-capacity batteries, will increase 23% yearly on average, and may lead to supply constraints after 2025, according to global market research firm WoodMac.
E) will award $39 million in funding to 16 projects across 12 states to develop market-ready technologies that will increase domestic supplies of critical elements required for the clean energy transition. Idaho National Laboratory. Johns Hopkins University. Columbia University.
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. With this acquisition, UEC’s sector-leading US ISR production profile increases to 6.5
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