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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

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This could have been due to the companies trying to strengthen their core business and diversify the investment risk given the global economic situation. On the other hand, venture finance deal values also grew from $595.23 Last year, mergers and acquisitions (M&A) deals reached $24.4 million to over $3,001.1 In 2022, more than 111.9

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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

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Workhorse Group Inc., a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Marathon, based in New York, NY, is an opportunistic global credit event-driven manager with approximately $15 billion in assets under management.

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H2X Global secures US$57M from Verde Mobility to deliver on US$300M in fuel cell vehicle orders

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Australia-based hydrogen fuel cell vehicle company H2X Global recently secured a US$57-million deal with US-based firm, Verde Mobility Inc., Verde plans to invest in further infrastructure development, giving H2X Global expanded access to manufacturing and distribution facilities.

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UC Davis report urges policy actions to accelerate equitable transition to ZEVs in Global South

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Facilitating a Transition to Zero Emission Vehicles in the Global South ” examines the status of zero-emission vehicle (ZEV) uptake across the world and considers how to accelerate the transition. Despite these developments, the global distribution of ZEVs remains deeply uneven, the report says.

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BMW Group investing in lithium extraction company Lilac Solutions

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To promote environmentally-friendly, resource-efficient extraction of lithium, the BMW Group is investing , through its venture capital fund BMW i Ventures, in US startup Lilac Solutions. The BMW investment was part of Lilac’s just-closed US$150-million Series B financing.

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BMW Group, WWF Germany, Volvo Group back moratorium on deep-sea mining

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The BMW Group has launched an initiative to protect the deep seas in cooperation with the WWF Germany. WWF’s recent report, “ In Too Deep ,” shows the projected large-scale destruction of the seabed could affect global fisheries and threaten carbon and nutrient cycles in the ocean.

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Hyundai Motor Brands receive an A- credit rating from S&P Global

Teslarati

Hyundai Motor Company’s brands, Hyundai and Kia, received an A- credit rating from S&P Global. “The upgrade to our global credit rating will likely lead to reduced capital financing costs. Hyundai and Kia’s previous S&P Global credit rating was BBB+.

Hyundai 114