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Magna has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV. The company will produce the enclosures at its Magna Electric Vehicle Structures facility in St. The company is hiring for various positions including managers, engineers, operators, and more.
The hydrogen mobile generation concept can also be implemented to supply power in remote areas where electricity is not accessible, or serve as an emergency power source for data centers and similar applications in the event of a power outage.
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.
Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company. This is a historic moment for Daimler.
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 tons by 2040.
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.
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.
Yamaha Motor will supply Subaru Tecnica International Inc. STI) with hyper-EV electric motor units ( earlier post ) for the STI E-RA EV the company is developing for future motorsport.
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.
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.
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.
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.
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.
Stellantis and Australia-based Element 25 signed a binding agreement for Element 25 to supply battery-grade, high-purity manganese sulphate monohydrate (HPMSM) to Stellantis for use in electric vehicle (EV) battery packs. The geology and hence mining at Butcherbird are simple, according to the company.
The Metals Company (TMC) announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., The Metals Company has invested significant resources in its deep-sea environmental baseline program, and in November 2021 the company entered into an agreement with Kongsberg Digital to develop a Digital Twin.
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.
In a livestreamed briefing on batteries and carbon neutrality, Toyota Chief Technology Officer Masahiko Maeda said that the company will invest ¥1.5 billion) in the development of a battery supply system and research and development by 2030. trillion (US$14.3
SEMI connects more than 2,500 member companies and 1.3 The SEMI 200mm Fab Outlook Report lists more than 330 fabs and lines and includes 64 changes across 47 fabs since its most recent update in September 2021. million professionals worldwide to advance the technology and business of electronics design and manufacturing.
With an identical manufacturing process to conventional Li-S and Li-ion, the delivery of the Quasi Solid-State batteries is achievable by late Autumn 2021, the company claims. The first generation Quasi Solid-State Li-S cell at 450 Wh/kg Specific energy with an Energy density of 550 Wh/L will be delivered by the Summer of 2022.
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.
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.
The scope of supply encompasses hundreds of thousands of these fully processed parts. Rheinmetall said that it won the order in the face of competition from rival companies in the pressure casting domain. The company is a joint venture co-owned by Rheinmetall and HUAYU Automotive Systems Co.,
time, it announced it had signed initial MoUs to scope the supply of hydrogen to chemicals ?manufacturer products, to scope the supply of clean hydrogen as fuel to reduce hard to abate combustion ?emissions the supply of clean hydrogen to its methyl methacrylate production plant in Teesside (formerly ? At the same ?time,
The company’s North and South American operations will be based there. Octillion also has relocated a battery manufacturing line from its previous facility in Hayward, California, where the company has operated since its founding in 2009. Octillion also supplies batteries for the energy-storage market.
Essen-based energy company STEAG, Duisburg-based steel producer thyssenkrupp Steel and Dortmund-based thyssenkrupp Uhde Chlorine Engineers, specializing in electrolysis technology, are working on a joint feasibility study. It would thus make an important contribution to the short- and long-term supply of the steel mill. Hans Blossey.
Earlier this year the company announced the planned construction of a battery assembly line at its US plant outside Charleston, South Carolina. Last year, Volvo Cars signed long-term supply agreements with two leading global battery suppliers, CATL of China and LG Chem of South Korea. At the moment it employs around 6,500 people.
Pre-orders for the system have started, and sales in Japan will begin in August through home builders and general construction companies. This ensures safety and provides a supply of electricity to the entire home not just in normal situations, but even during power outages caused by natural disasters. kWh and a rated output of 5.5
GML has also been supplying aluminum buses for Go KL, Rapid KL, Rapid Penang and MRT feeder buses for the last 13 years. The Hong-Kong-listed company said it has been supplying electric buses to the US since 2016. Pang added that the order of 120 units of 12m school buses and 20 units of 7.5m
Cornish Lithium ( earlier post ), a mineral exploration and development company based in Cornwall, UK, secured an investment package of up to £18 million (US$24 million) from TechMet Limited, a leading technology metals investment company. The investment is the first that Cornish Lithium has secured from a financial institution.
The plan goes beyond addressing tailpipe emissions through electrification; the company will also tackle carbon emissions in its manufacturing network and wider operations, its supply chain and through recycling and reuse of materials. The €500-million bond was issued under Volvo Cars’ Euro Medium Term Note program.
billion will go to 11 projects in the materials separation and processing segment of the supply chain. Anovion , Scaling the Domestic, US Owned and Operated Anode Supply Chain for Synthetic Graphite, $117,000,000. It will produce enough material to supply more than 250,000 electric vehicles annually. Of that, $1.6
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.
Lithium carbonate prices in China rose slightly to 480,500 yuan/tonne in mid-August, remaining close to the record-high of 500,000 from March and 400% higher year-on-year as soaring demand drove expectations of extended supply deficits. Source: Trading Economics. Source: Statista.
SolarEdge Technologies and SolarEdge’s subsidiary, Kokam Limited Company, a provider of lithium-ion batteries and integrated energy storage solutions, announced the opening of “Sella 2”, a two gigawatt-hour (GWh) battery cell manufacturing facility. The opening of Sella 2 is an important milestone for SolarEdge.
The US and other member states of the International Energy Agency (IA) agreed earlier in March to release 60 million barrels of oil reserves to compensate for supply disruptions following Russia’s invasion of Ukraine, with the US supplying 30 million. The release is by far the largest yet from the national reserves.
Spain-based global energy company Repsol and Talgo, a manufacturer of intercity, standard, and high speed passenger trains, will promote a renewable-hydrogen-powered train, fostering emission-free rail transport in the Iberian Peninsula. This type of initiative puts Spain at the forefront of renewable hydrogen production in southern Europe.
Called the Off Grid Battery Energy Storage System (ESS), Pramac’s technology—which features lithium-ion cells from Jaguar I-PACE batteries taken from prototype and engineering test vehicles—supplies zero-emission power where access to the grid supply is limited or unavailable.
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.
Oklahoma-based Galvanic Energy is a geoscience-driven resource exploration company that employs innovative, proprietary discovery methods to identify natural resources essential to the US renewable energy sector. Additionally, the prospect can be developed using a low-environmental footprint ion extraction process.
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.
A green tariff agreement with the Tennessee Valley Authority is expected to supply up to 100 megawatts of solar energy per year, or the amount of electricity consumed by 18,000 United States households annually. The energy will be supplied by a solar farm in Lowndes County, Mississippi, currently under development by Origis Energy.
Tokyo Electric Power Company Holdings, Inc. This system will be installed in the Eurus Tashirotai Wind Farm by Toyota Tsusho Corporation and Eurus Energy Holdings Corporation, and the four companies will begin a collaborative verification project around fall of this year.
Pure Hydrogen will supply PepsiCo with a Hydrogen Fuel Cell 160kW 6 x 4 Prime Mover (HFCV Prime Mover). The company will also provide additional hydrogen fuel as required, including refueling along with arranging repair & maintenance services. Artist impression of a PepsiCo-branded hydrogen prime mover, supplied by Pure Hydrogen.
The company has acquired 100% of the shares of the US company ViCTORi LLC, better known as VAIREX air systems, effective 2 July 2021. In the future, Eberspächer will offer air supply components for fuel cell systems. Automotive supplier Eberspächer is entering the fast-growing market of hydrogen and fuel cell technology.
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