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Toshiba splitting into three companies; first such spin-off scheme for a Japanese company of this size

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Toshiba Corporation intends to split itself into three standalone companies: Infrastructure Service Co. consisting of Toshiba’s Energy Systems & Solutions, Infrastructure Systems & Solutions, Building Solutions, Digital Solutions and Battery businesses; Device Co. New structure: overview of three companies.

Companies 321
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Benchmark: Saudi Arabia is building an EV battery supply chain

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Although the Saudi government has been investing into the EV sector since 2018, the midstream and upstream segments are still in their early stages, Benchmark noted. Rabigh Refining & Petrochemical Company will supply feedstock in the form of decant oil. Earlier post.) Novonix will own 40% of the JV, and TAQAT the remainder.

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bp & Ørsted to produce green H2 at Lingen refinery; industrial-scale electrolyzer powered by offshore wind

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project for industrial-scale production of green hydrogen via the electrolysis of water using ?renewable In their proposed Lingen Green Hydrogen project, the two firms intend to build an initial 50 ?megawatt The companies anticipate the project could be ?operational transforming to an integrated energy company.?.

Wind 418
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Autonomous vehicle simulation company MORAI secures US$20M Series B

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MORAI was co-founded in 2018 by three autonomous driving researchers from the Korea Advanced Institute of Science and Technology (KAIST). The company subsequently has established itself as South Korea’s sole provider of full-stack autonomous vehicle simulation solutions. Digital Twin Environment generated from MORAI SIM – Duluth, MN.

Las Vegas 273
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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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All deposits have high quality flake graphite that is suitable for all battery and industrial applications. The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company.

Namibia 284
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Bloom Energy and Samsung Heavy Industries team up to build ships powered by solid oxide fuel cells running on natural gas

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Bloom Energy and Samsung Heavy Industries (SHI), a part of Samsung Group, today are collaborating to design and develop ships powered by Bloom Energy’s solid oxide fuel cell technology. Bloom Energy is the world’s leading provider of stationary fuel cells and SHI is one of the world’s largest shipbuilding companies.

Gas 281
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Hyundai and Kia invest in autonomous vehicle technology company Aurora

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Hyundai Motor Company and Kia Motors Corporation have invested in Aurora to accelerate development of autonomous vehicle technologies. With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia’s autonomous vehicles. Earlier post.).

Kia 220