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NetJets and FlightSafety International to partner with eVTOL company Lilium; right to purchase up to 150 Lilium Jets

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the largest private aviation company in the world, and FlightSafety International, a leader in professional aviation training, have signed a Memorandum of Understanding (MoU) with Lilium, makers of an all-electric vertical take-off and landing (eVTOL) jet ( earlier post ), for a proposed strategic partnership. NetJets Inc.,

Purchase 243
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LG Energy Solution hosting 3rd round of international competition to identify promising battery start-ups

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LG Energy Solution will host the LGES Battery Challenge 2022, an international competition to identify start-ups for potential investment and collaboration. Through the program, LGES is bringing together battery start-ups to keep pace with the fast-developing industry, as growing number of economies transition to renewable energy.

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Velodyne Lidar acquires AI software company Bluecity

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Velodyne Lidar has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company, in an all-stock transaction. According to Yole Intelligence, part of Yole Group, the smart infrastructure market for lidar will grow from $108M in 2021 to $1.1B

San Jose 369
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Samsung Heavy Industries and Bloom Energy sign joint development agreement for SOFC-powered ships

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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. SHI LNG carrier. —Haeki Jang, vice president of shipbuilding & drilling sales engineering at SHI.

Industry 459
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The Metals Company and Low Carbon Royalties form strategic partnership

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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.

Carbon 352
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UCL-led study finds climate impact caused by growing space industry needs urgent mitigation

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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.

Climate 428
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Sydney’s Tech Super-Cluster Propels Australia’s AI Industry Forward

Cars That Think

The city’s cutting-edge AI sector sees academia, business and government converge to foster groundbreaking advancements, positioning Australia as a key player on the international stage. According to CSIRO, more than 200 active AI companies operate across Greater Sydney, representing almost half of the country’s 544 AI companies.