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German Federal Minister of Economics Peter Altmaier and Federal Minister of Research Anja Karliczek, together with their Australian counterpart, Energy Minister Angus Taylor, have signed a letter of intent to establish a “Germany Australia Hydrogen Accord” to facilitate a green hydrogen supply chain between the countries.
The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. This is the least developed supply chain element at this time.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. If this potential production supplied the Volt Gas Volt plants, the nuclear plants could operate at nearly 100% capacity. Click to enlarge.
In its second quarterly update to its Lithium: Outlook to 2030, 17 th Edition report, Roskill maintains the view that future refined lithium supply will remain tight, with a period of sustained supply deficit in the mid-2020s. The lithium-ion battery supply chain does not only depend on lithium.
Representatives from the State of Hesse, RMV (Rhein-Main-Verkehrsverbund), Alstom and Infraserv broke ground for a hydrogen filling station on the site of the Höchst industrial park in Frankfurt that will supply a fleet of 27 passenger fuel cell trains—currently, the world’s largest such.
The green hydrogen for the flight will be supplied using Universal Hydrogen’s modular fuel capsules that enable the delivery of hydrogen from the point of production directly to the aircraft using the existing freight network and airport cargo handling equipment without the need for any new infrastructure.
MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.
European Commissioner for Internal Market Thierry Breton and European electrolyzer manufacturers last week met in Brussels to discuss how to increase industry’s capacity to produce electrolyzers used to produce clean hydrogen. It will improve Europe’s sustainable and secure energy supply and reduce EU’s reliance on Russian gas.
Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Benchmark’s analysis shows that the expansion of the global lithium industry will need $51 billion of investment.
From Lingen (Emsland) to Gelsenkirchen and from the Dutch border to Salzgitter, production, transport, storage and industrial acceptance of green hydrogen are to be connected in several steps between 2024 and 2030 under the umbrella of the overall project. From 2024 this will be used to supply the bp refinery in Gelsenkirchen.
NFI Industries—a leading third-party supply chain solutions provider—is increasing its investment in electromobility solutions with its latest order of 60 Volvo VNR Electric trucks. Twenty of the trucks will be deployed as part of the Joint Electric Truck Scaling Initiative, or JETSI project. emission heavy?
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., Two of the factors that had delayed the transition to natural gas in the over-the-road trucking industry were related to technology and infrastructure.
The supply of rare earths has become an increasingly geopolitical issue in the US, Europe and Japan, with Chinese market dominance seen as a supply risk for critical elements including neodymium (Nd), praseodymium (Pr) and dysprosium (Dy).
EnergyX) has secured commitments of $20 million in financing. In 2020 global supply was roughly 315k tons; this is expected to rise to 5.5M Some in the electric vehicle (EV) industry have likened lithium mining to the early days of oil exploration. tons by 2040. We are pleased to invest in EnergyX at this critical time.
Researchers at the Fraunhofer Institute for Microengineering and Microsystems IMM are developing ammonia-based systems for a mobile, decentralized energy supply in the infrastructure, transportation and industry sectors. Ammonia can also be used for supplying hydrogen to land vehicles.
Faced with the compelling need for more respirators, the French government asked a group of French industrial companies led by Air Liquide to study the possibility of increasing the production of respirators so as to provide 10,000 respirators in 50 days, between the beginning of April and mid-May.
With its investment in HIF Global LLC, Porsche is participating in an international financing round alongside the Chilean company Andes Mining & Energy (AME) and the American companies EIG, Baker Hughes Company and Gemstone Investments. These electricity-based synthetic fuels enable nearly-CO 2 -neutral operation of combustion engines.
Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Meritor is an industry leader in axle and brake technology. Under the terms of the agreement, Cummins will pay $36.50
Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies. With less financing options for IOCs, and also oilfield services, the already existing investment gap in upstream investment worldwide will only grow wider.
The financing round was led by LDV Partners and Alpha JWC Ventures. Venti’s proprietary algorithms create powerful processing and fast reaction times, delivering practical advantages: Handling 30 – 40% change in the environment (compared to 5% for other leading industry players). Zero blind spots and uncompromised safety.
This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. Financing alternatives are being evaluated.
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel? —Baker Institute report Need Nickel?
million in new financing. Niron says that its technology delivers magnets that are less expensive, more sustainable, globally available, and made from abundant input materials not subject to supply constraints or price instability. The company’s second-generation magnet will offer a magnetic field strength of 1.5
A group of leading shipping industry companies are taking the next step to develop new fuel types and technologies by launching the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. Møller - Mærsk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Lines and Siemens Energy.
Audi partner Global Bioenergies (GBE) has successfully carried out its first isobutene production trial at its industrial pilot site in Pomacle-Bazancourt. A production run was initiated on 3 November, resulting in the first production of isobutene—a gaseous hydrocarbon—by fermentation in an industrial environment.
Gevo has entered into a long-term agreement to supply its renewable alcohol-to-jet fuel (ATJ) to Avfuel Corporation, effective 1 July 2018. Avfuel is a leading global supplier of aviation fuel and services to all industry consumer groups, servicing more than 3,000 locations worldwide. The supply agreement contemplates two phases.
Nikola is granted the IVECO S-Way technology license for North America and related component supply from Iveco Group, and gains joint ownership of the intellectual property of Generation 1 eAxles, technology developed together with Iveco Group’s powertrain brand, FPT Industrial.
BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). The financing will be used to establish a hub and spoke network for the company’s commercial scale operations.
Demand is expected to initially build on the decarbonization of existing industrial uses of hydrogen (95 MtH 2 eq), most notably for fertilizer production. The report estimates more than US$9 trillion of cumulative investments are required in the global clean hydrogen supply chain to help meet net-zero compliance by 2050, including US$3.1
Daimler Truck suppliesindustry leading transportation solutions and services to customers. Both companies operate in industries that are facing major technological and structural changes. Mercedes-Benz is the world’s most valuable luxury car brand, offering the most desirable cars to discerning customers.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). Hydrogen has the potential to make a substantial contribution to our clean energy transition, reducing emissions across the economy while underpinning the development of an important domestic and export industry.
T&E used publicly available information to assess the 50 gigafactories announced in Europe based on their finance and permits, whether they had secured a location, and the companies’ links to the US. EU battery manufacturing is caught in the crossfire between America and China. Europe must act or risk losing it all.
Air Liquide Korea will provide two high-capacity hydrogen chargers and supply hydrogen gas. The partnership across industries will be a stepping stone in bringing the hydrogen economy closer to daily lives. Hyundai fuel cell bus. Hyundai Motor will continue to explore various ways to accelerate the hydrogen economy. Earlier post.).
The Action Plan looks at the current and future challenges and proposes actions to reduce Europe’s dependency on third countries, diversifying supply from both primary and secondary sources and improving resource efficiency and circularity while promoting responsible sourcing worldwide. It contains 30 critical raw materials.
Inceptio Technology, an autonomous driving truck technology and operation company ( earlier post ), closed a US$188-million Series B+ equity financing. This round of financing was jointly led by Sequoia Capital China and Legend Capital. It is believed that Inceptio Technology will become a pioneer with great influence in the industry.
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
The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. Battery production is a rapidly advancing industry. billion of overall project costs.
Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program.
The EV Taxis are supplied by Geely Auto Group and the financing for the vehicles was provided locally by Sichuan Tianfu Bank Co Ltd. This initial order of 15,000 EV taxis is part of an agreement to supply a total of 89,000 EV taxis (now 93,000 taxis, with the additional 4,000 assumed from a third-party).
to finance the development and production of low-carbon fuels and energy transition metals. We are not naïve to the potential risks of pioneering new industries such as deepsea minerals and we are closely following NORI’s ongoing assessment of environmental and social impacts of their offshore operations.
The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO).
Attis Industries Inc., Attis expects to finance the transaction with non-dilutive financing. Included within the acquisition is the 1886 Malt House—a direct beneficiary of incentives designed to promote the local farm to brewery industry. Total consideration for the divestiture is $20 million in cash.
The findings of this joint research on ammonia cracking will help support industry-wide efforts to decarbonize transport and heavy industrial processes and lower carbon emissions to meet global climate goals. Ammonia is a cost competitive carrier of hydrogen which will require cracking at destination to cater to different end uses.
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