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This rapid growth in demand has been further amplified with the passage of the “Inflation Reduction Act” (IRA) in the Fall of 2022, which includes mechanisms to incentivize electric vehicle manufacturers and consumers to purchase electric vehicles (EVs) that source battery metals from domestic manufacturers.
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.
Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. Globally, vehicle owners and those considering purchasing BEV agree the top benefits of going electric are improving the environment, adding convenience and reducing ownership costs.
General Motors will invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to prepare the campus to build the Cadillac CELESTIQ ( earlier post ). The investment will be used to purchase and install related equipment to hand-build the CELESTIQ and campus renovation work has already begun.
Roy Hill , the largest single iron ore mine in Australia, has purchased Wabtec’s FLXdrive battery-electric locomotive, the world’s first 100% battery-electric, heavy-haul locomotive ( earlier post ) for the region and the mining industry.
ArcelorMittal published a concept for a low-carbon emissions steel standard to help incentivize the decarbonization of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel. Dual scoring system.
Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. —Joachim Post, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.
Their paper tracks fossil fuel usage and government subsidies since the the 2009 G20 summit, during which representatives from 20 countries discussed global financial and socioeconomic issues and agreed to “phase out and rationalize over the medium term inefficient fossil fuel subsidies.”. Costs ranged from a low of 0.3%
million electric vehicles to be sold globally in 2019. million units—around 57% of the global market. Broader macroeconomic factors (higher interest rates and slowing consumer spending) will also impact global sales. In markets like the US and the UK, direct purchase subsidies are already starting to wind down.
Audi of America is offering qualified customers who purchase or lease a 2021 Audi e-tron or e-tron Sportback a subscription to Arcadia at no additional charge for up to five years. Audi aims to achieve net CO 2 neutrality globally across the lifecycle of its vehicles by 2050. 2021 Audi e-tron.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has signed an agreement with Air France KLM Martinair Cargo (AFKLMP) for the purchase of 33 million liters of sustainable aviation fuel (SAF). —Tim Scharwath, CEO DHL Global Forwarding, Freight.
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. The first eCascadia delivery is expected to arrive at Sysco’s Riverside, California site later this year.
Global Clean Energy Holdings, Inc., through a subsidiary, has purchased Alon Bakersfield Properties, Inc., The total cash consideration paid to Delek US Holdings for the purchase was $40 million. a subsidiary of Delek US Holdings, Inc. and the owner of the Alon Bakersfield Refinery.
Maersk has purchased 25 Volvo FH Electric trucks in Germany. This strategic investment highlights the company’s commitment to decarbonizing global logistics and to becoming a net-zero company by 2040 across all business areas and all modes of transport.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, and GoodShipping are further expanding their long-standing partnership. DHL Global Forwarding has been working with GoodShipping for five years, sharing the same aspiration for greener ocean freight via insetting.
In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming.
Initial purchase orders, valued at an aggregate of $9.1 Based on Casterra’s analysis, the purchase orders reported can support the production of approximately 1.5% Based on Casterra’s analysis, the purchase orders reported can support the production of approximately 1.5% Casterra Ag Ltd. ,
Ford announced a new global battery center of excellence—called Ford Ion Park—to accelerate research and development of battery and battery cell technology, including future battery manufacturing.
Energy infrastructure developer Bakken Energy (Bakken) has reached agreement with Basin Electric Power Cooperative (Basin Electric) on key terms and conditions to purchase the assets of the Dakota Gasification Company (Dakota Gas), a subsidiary of Basin Electric, and the owner of the Great Plains Synfuels Plant.
This is a firm purchase order for alkaline stacks, balance of stack (BoS) equipment and engineering for the balance of plant (BoP) equipment (which Woodside will provide). The contract with Woodside was signed only a couple of months after Nel received its record size 200 MW purchase order for another large-scale project in the US.
A new study from Juniper Research forecasts that spend on EV charging at home will exceed $16 billion globally in 2026; up from $3.4 The study found that the global hardware revenue from home charging wallboxes will reach $5.5 billion in 2021. —Research author Nick Maynard. billion in 2026, from just $1.8 billion in 2021.
FedEx is purchasing 100 of the vehicles from Chanje Energy Inc. The vehicles are manufactured by FDG Electric Vehicles Limited in Hangzhou, China, and purchased through Chanje Energy Inc., the company’s subsidiary for global business. Through an agreement with Chanje Energy Inc., Earlier post.) Chanje Energy Inc.
Almost half of global consumers (46%) are considering purchasing a car in the next 12 months, an increase from 35% in April 2020. Without a clear end to the pandemic in sight, 87% of global consumers stated their safety and physical well-being, alongside that of their families, is best served through a personal vehicle.
With immediate effect, responsibility for global battery business is to be held by the newly created company “PowerCo”. The Volkswagen Group is bundling its global battery activities in the European company (SE) PowerCo. PowerCo will become a global battery player. —Herbert Diess, CEO of Volkswagen AG.
Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Global consumption of lithium in 2021 was estimated to be 93,000 tons, a 33% increase from 70,000 tons in 2020. Lithium is expected to trade at 484,185.00
This award marks the first Advanced Class Gas Turbines in the industry specifically designed and purchased as part of a comprehensive plan to sequentially transition from coal, to natural gas and finally to renewable hydrogen fuel, and creates a roadmap for the global industry to follow.
The VinFast VF 8 is an electric SUV made for global markets with a 5-seat configuration and overall dimensions of 187.00" (length) x 76.14" (width) x 65.63" (height). They also have the option to select a new option—purchasing the vehicle and battery together, to own the complete package.
Designed to meet increased demand for retail e-bikes globally, a market projected to reach $23 billion by 2023 (source: Deloitte) and that grew 157% year over year in sales in the US in 2020 (source: QYResearch), the Bird Bike provides consumers with an electric vehicle to reduce reliance on gas-powered vehicles.
Supply chain disruption and rising material costs are causing the global automotive industry to re-evaluate lean manufacturing principles, according to a new survey commissioned by ABB Robotics. Shifting from ‘just-in-time’ to ‘just in case’ strategies, manufacturers are holding more stock to protect against unplanned disruptions.
START will help customers meet the demand from consumers for transparency on where and how the products they purchase are made. Our vision is that our customers can showcase the sustainability of the aluminum they purchase from Rio Tinto to their consumers, delivering full value from our responsible production. Earlier post.).
Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 A geographical split of BNEF’s energy transition investment data shows that Europe accounted for the biggest slice of global investment, at $166.2 Global investment in renewable energy capacity moved up 2% to $303.5
NFI), one of the world’s leading independent global bus manufacturers, has been selected by the Liverpool City Region Combined Authority as supplier for 20 zero-emission hydrogen double deck buses following a competitive tendering process. Alexander Dennis Limited (ADL), a subsidiary of NFI Group Inc. This is the first order for ADL’s H2.0
From 2022 onwards, the company will purchase electricity in Germany which comes exclusively from renewable sources. A green power supply contract ensures the purchase of electricity from renewable energy sources at all times. The global production of Mercedes-Benz will be CO 2 -neutral at its own plants starting in 2022.
Werner Enterprises, a premier transportation and logistics provider, has signed a letter of intent to purchase 500 Cummins’ 15-liter hydrogen internal combustion engines upon availability. liter displacements, Cummins has responded to customer interest globally about the potential of the platform, and about hydrogen in particular.
The scope of the proposed alliance includes a range of vehicles to be sold under each company’s distinct brands, as well as cooperation in purchasing, research and development, and connected services. Purchasing collaboration would be focused on joint sourcing of materials, logistics and localization strategies.
Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. They have a combined 2022 Adjusted EBITDA of $260 million. lb nickel for open pit; c.
This SAF purchase agreement expands the list of committed airline partners and supports Gevo’s pursuit of its stated goal of producing and commercializing a billion gallons of SAF by 2030. The alliance followed up that commitment with an intermediate goal to achieve 10% SAF use across the member airlines by 2030.
The companies will work together to drive adoption of open, interoperable standards in wireless charging for global electric vehicle (EV) infrastructure Siemens makes strategic investment in WiTricity and licenses their technology for future wireless EV charging products. —Markus Mildner, CEO of Siemens eMobility.
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. More than 300 global companies are participating. Hyundai Motor and Kia, along with Hyundai Mobis Co.,
The company plans for 50% of its global PUD vehicle purchases to be electric by 2025, rising to 100% of purchases by 2030. BrightDrop is manufacturing the Zevo 600s at GM’s CAMI Assembly plant in Ontario. Earlier post.) GM invested nearly CAN$1 billion to convert CAMI into Canada’s first large-scale EV factory.
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.
Alongside the launch, Equatic entered into a pre-purchase option agreement with Boeing. It combines basic principles of chemistry with the natural capabilities of the world’s best carbon removal tool, the ocean, to create the most promising solution for scalable decarbonization—cost-effectively and at a globally-relevant scale.
GlobalData’s analysis suggests that low oil prices will lead to a longer waits for the reduced fuel costs offered by electric vehicles (EVs) to amortize their higher purchase prices. Higher prices at the pumps mean EVs make up their extra purchase cost sooner, while lower fuel prices see ICE cars remain cheaper than EVs for longer.
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