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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

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Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. Global energy investment totalled more than US$1.8

2018 191
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POSCO begins construction of S Korea’s first lithium hydroxide plant

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We will enhance our global competitiveness in lithium and other mineral resources and contribute to the development of domestic industries, including the secondary battery sector, by leading the localization of materials. Earlier post.) The subsequent production of lithium hydroxide will take place in South Korea.

Argentina 369
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Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

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The report uses the global standard developed by the International Union for the Conservation of Nature (IUCN) for nature-based solutions. —“State of Finance for Nature”. The report calls for coupling investments in restoration action with financing conservation measures. A total investment of $8.1

Financing 296
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Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

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The partnership is part of Korea’s Ministry of Environment’s project to install hydrogen refueling stations and subsidize privately financed infrastructure projects. The company first introduced its fuel cell electric buses for daily operation during the PyeongChang 2018 Olympic Winter Games. Earlier post.).

Hyundai 377
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bp acquires EV fleet charging provider AMPLY Power; first major step into electrification in the US

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By 2030, bp aims to nearly double earnings from its global convenience and mobility businesses—increasing from around $5 billion in 2019—while delivering returns in the range of 15-20%. During this time, bp plans to grow its global network of EV charging points from around 11,000 today to more than 70,000.

Fleet 170
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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

2020 191
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IONITY orders 324 350kW EV chargers from ABB for second phase of expansion

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The chargers are to be rolled out in 24 countries by the end of 2020 as part of the second phase of the IONITY network expansion. ABB was already commissioned in 2018 as technology partner to deliver 340 high-power chargers to IONITY and was the first to market in Europe with 350 kW chargers featuring liquid cooled cables.

Europe 243