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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.
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.
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.
Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America.
The proceeds will be used for current working capital, parts acquisitions to fulfill existing and future customer purchase orders and contracts as well as to satisfy full repayment of the senior secured notes incurred in July 2018. Workhorse Group Inc., The facility has a three-year term secured by a first priority lien on all assets.
The purchase of the EVs represents a continued effort by Artemis DNA to reduce the carbon footprint of its operations. With the reservation placed, Artemis DNA will be VinFast’s first corporate customer in the US. It is anticipated that Artemis DNA will take delivery of the VinFast EVs starting in the fourth quarter of this year.
The Lion Electric Company, a manufacturer of all-electric medium- and heavy-duty urban vehicles, received a purchase order from Groupe Autocar Jeannois for 35 zero-emission LionC school buses, to be delivered over the next five years. The purchase order also includes an option for Jeannois to purchase an additional five LionC buses.
Rio Tinto will purchase four 7MWh FLXdrive battery-electric locomotives ( earlier post ) from Wabtec Corporation for use in the Pilbara region of Western Australia as part of the company’s strategy to reduce its carbon emissions by 50% by 2030.
KLM has purchased sustainable aviation fuel (SAF) for flights out of Amsterdam Airport Schiphol. This purchase marks the first time the fuel will be supplied using the existing infrastructure at Schiphol. Furthermore, Neste is joining KLM’s Corporate BioFuel Program. Furthermore, Neste is joining KLM’s Corporate BioFuel Program.
Nikola Corporation announced a collaboration with Saia LTL Freight, a less-than-truckload (LTL) company, to accelerate the implementation of heavy-duty electric transportation trucks. Making substantial investments and process improvements is a main goal of Saia.
While this sounds like an all-too-logical conclusion, the study reports a 57% reduction in the benefits of driving the fuel efficient car for carbon emissions purely based on the purchase of the second vehicle. What we really wanted to do is see how households are making decisions when they purchase and own more than one vehicle.
Shell Ventures and Sumitomo Corporation Group have invested in LO3 Energy to support the global development of its blockchain-based community energy networks.
Plug Power, a provider of turnkey hydrogen solutions for the global green hydrogen economy, and Nikola Corporation, a developer of zero-emissions transportation and energy supply and infrastructure solutions, have entered a strategic relationship focused on moving the hydrogen economy forward.
Rail freight manufacturer Wabtec Corporation has officially unveiled the newest version of what it calls “the world’s first battery-electric freight train.” more… The post Wabtec unveils its battery-electric train following the first official purchase appeared first on Electrek. .”
Nikola Corporation, which is making its public-trading debut on the NASDAQ today (NKLA), signed a purchase order with Nel ASA for 85-megawatt alkaline electrolyzers to support five of the world’s first 8-tonne-per-day hydrogen fueling stations. Together, these electrolyzers may produce more than 40,000 kgs of hydrogen each day.
Tokuyama Corporation and Toyota Motor Corporation (Toyota) have commenced verification tests, using by-product hydrogen, of a stationary fuel cell generator (FC generator) that makes use of the fuel cell system (FC system) installed in the Mirai Fuel Cell Electric Vehicle (FCEV).
Under current law, consumers may receive a tax credit of up to $7,500 if they purchase an eligible electric vehicle. The Driving America Forward Act raises the cap and allows purchasers of an additional 400,000 vehicles per manufacturer to be eligible for the tax credit. ITC Holdings Corp.,
Nikola has recently signed purchase orders with Chart for multiple liquid hydrogen storage tanks, mobile and modular refueling stations, and liquid hydrogen transport trailers to meet Nikola’s needs for deploying the Nikola Tre hydrogen electric vehicles to support key customers and advance the efforts to decarbonize the transport sector.
This is VinFast’s largest corporate order to date, and one of Autonomy’s largest electric vehicle orders. VinFast also offers flexible sales options for customers purchasing vehicles with batteries or with a battery subscription program. VinFast’s EVs are also warranted for up to 10 years.
Heniff Transportation Systems has reached an agreement initially to acquire 10 Nikola Tre BEV trucks from Thompson Truck Centers, a member of the Nikola Corporation sales and service dealer network.
The Corporation will transform its fleet to non-emitting transportation, with commitments to reach a 50% electric fleet by 2030 and 100% by 2040. Canada Post is looking to purchase a limited quantity of electric vehicles for the purpose of carrying out a pilot involving field trials of vehicles in an operational setting.
Ballard Power Systems will provide fuel cell modules to Sierra Northern Railway—the freight division of privately-owned Sierra Energy Corporation, operating in Northern California—to power a zero-emission switching locomotive. A purchase order for the fuel cell modules is expected to be issued by Sierra by mid-year 2021.
The corporate value chain links companies together, and if a company wants to truly reduce its carbon footprint, that means it must consider not only its own direct greenhouse gas emissions, but also how to reduce the emissions from its upstream and downstream positions.
As it turns out, Tesla China is just getting started, as more state-owned entities from Shanghai are now purchasing the all-electric crossover. As per a statement from the Lingang investment promotion service center, multiple state-owned enterprises in Shanghai have purchased Tesla Model Y units for corporate use.
Nikola Corporation and J.B. will purchase 13 Nikola zero-emission Class 8 trucks as the transportation company focuses on its sustainability efforts and reducing the intensity of its carbon emissions. Hunt Transport Services Inc. announced an agreement in which subsidiary J.B. Hunt Transport Inc.
Blue Bird Corporation will offer a factory-certified electric repower program on select gasoline- and propane-powered Blue Bird school buses. Blue Bird customers can future-proof their school bus fleet by purchasing gasoline- or propane-powered vehicles and converting them easily and cost-effectively to zero-emission, electric buses later.
Companies to retain independent corporate structures. Following a detailed review of combination options, Volvo Cars and Geely Auto have concluded they can secure new growth opportunities in their respective markets and meet evolving industry challenges through deeper cooperation, while preserving their existing separate corporate structures.
How Corporations Can Help the U.S. Meanwhile, the electrification of city- and corporate-owned vehicles has been dominating recent headlines. And large corporations like Amazon aren’t the only ones currently converting their fleets from gas to electric. Reach its EV Goals A Look at the Pathway & Companies’ Role U.S.
Corporate Cash The idea of private digital currencies goes back to at least 1994, when the late Edward de Bono wrote of the “IBM dollar.” In de Bono’s vision, “large manufacturing corporations” should create their own currencies, which could be used to buy their products. The first involves the Amazon platform.
As previously disclosed, on 10 November 2021, Lordstown Motors and Foxconn entered into an Asset Purchase Agreement (APA) providing for the sale of LMC’s Lordstown, Ohio vehicle assembly plant to Foxconn for $230 million plus the reimbursement of certain operating and expansion costs from 1 September 2021 to the closing date.
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy.
United also recently announced the second round of corporate participants in the airline’s Eco-Skies Alliance program to contribute collectivelytowards the purchase of SAF. United recently operated the first commercial flight using 100% sustainable aviation fuel (SAF). Eco-Skies Alliance.
XL Fleet customers can now purchase XL Grid charging systems separately or as part of an order for vehicles with the company’s electrified powertrain. XL Fleet remains on track to complete its previously announced merger with Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), in December 2020.
Honda is formalizing its goals for achieving carbon neutrality for all products and corporate activities by 2050, as well as zero traffic collision fatalities involving Honda automobiles and motorcycles globally by 2050. With this aim, Honda will be starting development for testing in Japan from this year. Advanced Battery Technology.
The companies, ranging from popular grocery store chains to retail shopping centers, will help expand the availability of electric vehicle DC fast charging for customers who drive or are considering purchasing an EV. More than 20 of the new charging sites will be located in California.
HTEC Hydrogen Technology & Energy Corporation was awarded $2,125,000 to install a hydrogen refueling station in Woodside. The US Hybrid Corporation in Torrance will receive $200,000 to install electric vehicle chargers for its employees. ITM Power Inc. was awarded $2,125,000 to install a hydrogen refueling station in Riverside.
By the end of 2022, both partners intend to concretise and contractually agree on purchase quantities for the low-CO 2 steel in the period 2025 to 2030. This year, Volkswagen plans to purchase a further 3,000 tonnes. Purchasing is a decisive factor for the Volkswagen Group on the road to CO 2 neutrality. 3 production in Zwickau.
This figure includes investment in projects—such as renewables, storage, charging infrastructure, hydrogen production, nuclear, recycling and CCS—as well as end-user purchases of low-carbon energy devices, such as small-scale solar systems, heat pumps and zero-emission vehicles.
Honda cautioned that initial zero emission vehicle sales goals of 40% by 2030 are contingent upon “fair and equitable access to state and federal EV incentives intended to encourage American consumers to purchase electric vehicles.” Honda has urged Congress to ensure that all vehicles made in America are treated equally.
Toyota Motor Corporation unveiled two BEV concept models, the bZ Sport Crossover Concept and bZ FlexSpace Concept, at Auto Shanghai. The concept models are being developed as part of the Toyota bZ series, a brand dedicated to BEVs. The bZ FlexSpace Concept is a family-oriented SUV-type BEV with a focus on utility.
Motiv Power Systems announced a five-vehicle purchase order from Bimbo Bakeries USA, the US business of Mexico City-based Grupo Bimbo. The vehicles will feature Motiv’s all-electric EPIC 6 chassis (based on the popular Ford F-59 platform) with step van bodies built by Utilimaster Corporation.
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued Venezuela General License (GL) 41 , authorizing Chevron Corporation to resume limited natural resource extraction operations in Venezuela.
Under a new partnership, members of Fly Victor, the on-demand private jet company, can purchase Neste MY Sustainable Aviation Fuel (SAF) for every private jet booking globally. Victor’s private and corporate members can credibly and measurably reduce their greenhouse gas emissions (CO?e), All contributions are welcomed and encouraged.
Electrify America will be installing ultra-fast electric vehicle chargers at more than 100 retail, convenience and refueling locations across the US, increasing the convenience for consumers who drive or are considering purchasing an electric vehicle. Each location will offer multiple chargers. Casey’s General Stores Inc.,
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