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received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Vehicles will be distributed through Pritchard Companies’ dealership locations across the country. Vehicles will be distributed through Pritchard Companies’ dealership locations across the country. Workhorse Group Inc.
an emerging EV manufacturer, has executed a non-binding Letter of Intent with Unlimited Electrical Contractors Corp (UEC) to enter definitive agreements for the purchase of up to 10,000 MX-05 electric vehicles. The initial purchase order is estimated at $75 million. Mullen Technologies Inc., Earlier post.)
This rapid growth in demand has been further amplified with the passage of the “Inflation Reduction Act” (IRA) in the Fall of 2022, which includes mechanisms to incentivize electric vehicle manufacturers and consumers to purchase electric vehicles (EVs) that source battery metals from domestic manufacturers.
million in its fleet of electric school buses with the Québec company Lion, thus becoming, with a total of 31 vehicles, the largest private operator of electric school buses in North America to date. Transdev Canada is investing close to CAD$4.5 This major investment is made possible by the Québec government’s proactive support policy.
Nel Hydrogen Electrolyser AS, a division of Nel ASA, has received a purchase order for a 20MW alkaline water electrolyzer from Ovako , a leading European manufacturer of engineering steel. The purchase order has a contract value of approximately €11 million with equipment delivery in late 2022. —Jon André Løkke, CEO at Nel.
Mullen Automotive, an emerging EV manufacturer, announced the signing of a vehicle purchase agreement with MGT Lease Company, a national fleet leasing provider, to purchase 250 all-electric commercial class 3 cab chassis EV trucks. The contract is valued at $15,755,000.
Austrian bus company Österreichische Postbus AG (ÖBB Postbus) has signed another framework agreement with Solaris for the delivery of up to 106 battery-electric and hydrogen buses that would be deployed throughout Austria. ÖBB Postbus is the largest bus company in Austria and a leader in regional public bus transport.
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. Initial purchase orders, valued at an aggregate of $9.1
Texas-based Nacero, a company seeking to produce low- and zero-lifecycle carbon footprint gasoline blendstock ( earlier post ) has awarded a subsidiary of NextEra Energy Resources, LLC a 20-year power purchase agreement to supply wind power to Nacero’s planned flagship manufacturing facility in Penwell, Texas.
Roy Hill , the largest single iron ore mine in Australia, has purchased Wabtec’s FLXdrive battery-electric locomotive, the world’s first 100% battery-electric, heavy-haul locomotive ( earlier post ) for the region and the mining industry. Wabtec’s goal is to develop the next generation of zero-emission locomotives.
announced that from 2024 through 2030, Honda will purchase 123 GWh of batteries for pure electric vehicles in China from CATL. With the scale-up of the production and sale of Honda’s pure electric vehicle brand e:N, the two companies agree to further strengthen their partnership. Limited (CATL) and Honda Motor (China) Investment Co.,
DHL Express announced a partnership with Fiat Professional, purchasing the first 100 units of Fiat’s new E-Ducato, introduced to the public on Earth Day. Due to the high customer demand for international Express deliveries the company expects its European last-mile fleet growing to approximately 20,000 vans by 2030.
Audi of America is offering qualified customers who purchase or lease a 2021 Audi e-tron or e-tron Sportback a subscription to Arcadia at no additional charge for up to five years. The company has set itself the goal of reducing vehicle-specific CO 2 emissions by 30% by 2025. 2021 Audi e-tron.
Up until now, the company has delivered nearly 500 electric buses to customers in 18 countries. Solaris is partner of many European carriers in the electrification of public transport. Another 500 battery buses are being manufactured. Poland is the fifth country in the European Union as regards the number of electric buses on the roads.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has signed an agreement with Air France KLM Martinair Cargo (AFKLMP) for the purchase of 33 million liters of sustainable aviation fuel (SAF). When purchasing a DHL service, they can select the sustainable option.
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.
Union Pacific Railroad plans to purchase 20 battery-electric locomotives for testing in yard operations. The combined purchases and upgrades to yard infrastructure are expected to exceed $100 million, representing the largest investment in battery-electric technology by a US Class I railroad.
Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% to finance the development and production of low-carbon fuels and energy transition metals.
Maersk has purchased 25 Volvo FH Electric trucks in Germany. This strategic investment highlights the company’s commitment to decarbonizing global logistics and to becoming a net-zero company by 2040 across all business areas and all modes of transport.
Germany is awarding some €600 million to transport companies for the purchase of climate friendly buses. Around 1,700 buses will be procured by the transport companies with this tranche of funding from the new “Directive on the Promotion of Alternative Drives of Buses in Passenger Transport”.
Energy infrastructure developer Bakken Energy (Bakken) has reached agreement with Basin Electric Power Cooperative (Basin Electric) on key terms and conditions to purchase the assets of the Dakota Gasification Company (Dakota Gas), a subsidiary of Basin Electric, and the owner of the Great Plains Synfuels Plant.
for a total purchase price of $112 million in cash together with an additional $2.9 Other highlights of the acquisition include the following: Largest US uranium mining company. Positions UEC, a US corporation headquartered in Texas, as the largest American uranium mining company. Uranium Energy Corp. Wyoming Hub and Spoke.
The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. the company paid Imerys approximately CDN$17.8 and a CDN$23-million equity offering lead by Sprott Capital Partners LP.
the company plans to electrify 42 FedEx stations in California, making it one of the largest deployments of integrated charging infrastructure by a single commercial fleet to date. FedEx is purchasing 100 of the vehicles from Chanje Energy Inc. the company’s subsidiary for global business. Earlier post.) Chanje Energy Inc.
The board of directors of the Flemish Transport Company De Lijn has started a new purchase procedure to order up to 1,250 emission-free buses of various types with lengths from approximately 8.5 Within each lot of the framework agreements, the maximum number of vehicles that can be purchased is indicated. to 24 meters.
The BMW Group is using Blockchain technology in purchasing to ensure the traceability of components and raw materials in multi-stage international supply chains. In 2019, we conducted a successful pilot project for purchasing front lights. Within MOBI, the company heads a working group on supply chain issues.
a Canada-based company specializing in the design of electric propulsion systems for heavy-duty vocational vehicles, has launched an all-electric system at the same purchase price as diesel alternatives. Développement Effenco Inc.,
Electric truck company Tevva and Vattenfall signed a Memorandum of Understanding to explore the opportunity to provide a complete zero-emission transport solution for businesses looking to reduce the overall carbon impact of their operations. Tevva is an electric truck company with optional range extension technology that allows its 7.5-19t
Increasing future sales for BEVs will rely on companies improving awareness of their product. Globally, vehicle owners and those considering purchasing BEV agree the top benefits of going electric are improving the environment, adding convenience and reducing ownership costs.
The company now has more than 450 electric yard trucks—with more than 40 in its growing yard truck rental fleet—operating successfully in all sectors of trailer and container handling operations while meeting the most rigorous duty cycles and 24×7 shift schedules.
The scope of the proposed alliance includes a range of vehicles to be sold under each company’s distinct brands, as well as cooperation in purchasing, research and development, and connected services. This alliance will help both companies accelerate investment in future mobility innovation by freeing up additional resources.
Several German businesses such as energy supplier Badenova, house construction company Viebrock, and drugstore chain Rossmann have expressed their intention to steer clear of new Tesla vehicles over Elon Musk’s actions and statements. However, Viebrock noted that his company can no longer support Tesla.
The transport carrier in the Czech city of Ústí nad Labem and Solaris Bus & Coach have signed a framework agreement for the purchase of zero-emission Urbino 12 hydrogen buses. Once the vehicles have been ordered, they are to be delivered within 420 days of the purchase contract being signed.
As part of its effort to erect a double-digit number of wind turbines by the middle of the decade, Mercedes-Benz is also planning a long-term power purchase agreement with a partner, equivalent to a triple-digit million euros amount. The large-scale installation of photovoltaic systems on the test site is also under examination.
For Universal Hydrogen and Icelandair, this LOI is the first step of an ambitious multilateral initiative, which requires working with Icelandic hydrogen producers, transportation companies, and airports. The net outcome of this relationship is to realize operational efficiencies as sustainability objectives are achieved. Air Nostrum.
From 2022 onwards, the company will purchase electricity in Germany which comes exclusively from renewable sources. A green power supply contract ensures the purchase of electricity from renewable energy sources at all times. The first Mercedes-Benz locations are already being supplied with this CO 2 -free electricity.
Ford expects to sell more than 100,000 F-150 and Mustang Mach-E equipped with Active Drive Assist technology hardware in the first year of alone based on company sales and take-rate projections. For example, early F-150 customers can purchase the prep package that includes the Active Drive Assist hardware and Active Park Assist 2.0
To support the new vehicle technology, FedEx is installing charging infrastructure across its Canadian facilities, including the 80 charging stations the company has already installed in the three EV launch markets. The company plans for 50% of its global PUD vehicle purchases to be electric by 2025, rising to 100% of purchases by 2030.
Performance Team – A Maersk Company, a warehousing and distribution company, has placed an order for 16 Volvo VNR Electric Class 8 trucks ( earlier post )—the largest commercial order of the North American zero-tailpipe emission model to date. We’re seeing a 30% growth rate in our Warehousing and Distribution business.
Cummins and GILLIG announced the production of the 100 th GILLIG battery-electric bus built since the two companies began partnering on the heavy-duty transit vehicle. The companies have collaborated since 2019 to bring reliable zero-emissions electric buses to communities across the country. Earlier post.) Louis, Missouri this month.
Hochbahn will purchase both pure fuel cell hybrid buses and battery-electric buses in which the fuel cell serves as a range extender. The number and names of the companies that are now invited to submit bids are confidential for reasons of competition. The invitation to tender consists of four lots.
The Volvo XC40 Recharge, the company’s first fully electric vehicle, will carry an MSRP of $53,990 when it arrives in US showrooms later this year. The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. The two companies have been development partners for the past several years.
The firm’s first-quarter delivery estimates for Tesla reveal its optimistic take on the company’s future, even though it is still below the consensus estimate of ~417,000 vehicles. “Tesla stock goes up and goes down, but actually, it’s still the same company,” Musk noted.
Both companies have set out to prove that hydrogen can safely and efficiently deliver power for civil aero engines and are already planning a second set of tests, with a longer-term ambition to carry out flight tests. Following this, the company will purchase a Dassault Falcon 50, which they expect to have in the skies in early 2024.
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