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AstraZeneca electrifying global vehicle fleet

Green Car Congress

The Climate Group announced that global pharmaceutical giant AstraZeneca will join its business leadership initiative on electric vehicles, EV100 ( earlier post ); AstraZeneca will switch its 16,000-vehicle fleet to electric by 2030. Companies representing US$900 billion in annual turnover and 2.8

Fleet 186
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Protean Electric enters new partnership with Dongfeng Motor to advance market adoption of in-wheel motor technology

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Protean Electric, a leader of in-wheel motor (IWM) technology for passenger cars, light commercial vehicles and future transport solutions, announced a new partnership between Dongfeng Motor Corporation Technical Center and Protean’s joint venture in China, Wuxi Weifu Electric Drive Technology (WFDT).

Motors 259
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Cummins to open new fuel cell systems production facility in Germany; Alstom’s hydrogen trains

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will open a new facility in Herten, Germany, which will initially focus on the assembly of fuel cell systems for global transportation leader Alstom’s hydrogen trains. Four testing stations will supplement existing global fuel cell and hydrogen production research and development capabilities. Cummins Inc.

Germany 305
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). billion raised—up 63% on the previous year.

Financing 243
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ENGIE New Ventures increases investment in 2nd-life battery company Connected Energy

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ENGIE New Ventures, the corporate venture fund of ENGIE, is participating in a new round of investment to further the development of Connected Energy. Based in the United Kingdom, Connected Energy uses end-of-life EV batteries to create energy storage systems.

Connected 186
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Linde and Praxair to merge; global industrial gas major valued at > $70B

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The proposed merger brings together two leading companies in the global industrial gas industry, leveraging the proven strengths of each. The new holding company will be incorporated in Ireland while its principal governance activities, including board meetings, will primarily be based in the United Kingdom.

Global 150
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ACMA‘s Global Summit and Expo places India at the forefront of EV parts production, innovation – ET Auto

Baua Electric

“The Global Summit & Expo’s success underscores electric vehicles’ transformative potential and manufacturing opportunities in India,” Shradha Suri Marwah, President, ACMA, and Managing Director, Subros Ltd. Secretary, Ministry of Heavy Industries, Govt. participated in the expo.

India 52