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IDTechEx: future of the electric ship industry lies with hybrid cargo vessels

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More than 1GWh of batteries are now sailing on waters globally, reflecting 72% industry growth in 2022, according to a new report from IDTechEx. First, electric ship markets have historically been underpinned by electric ferry orders, which made up 37% of the maritime battery capacity (GWh) deliveries between 2019 and 2022.

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Ford investing $3.5B to build LFP battery plant in Michigan; partnering with CATL

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billion to build the country’s first automaker-backed LFP battery plant, offering customers a second battery technology within Ford’s EV lineup. Ford is now commited to build both nickel cobalt manganese (NCM) and lithium iron phosphate (LFP) batteries in the US. Ford will invest $3.5 With this $3.5-billion

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Mercedes-Benz Cars to build battery factory in Jawor, Poland; ninth in its global network

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Mercedes-Benz Cars will build a battery factory at the site in Jawor, Poland, and thus extend its global battery production network to nine factories. After the production of high-tech engines, we will establish additional future technology in Poland. Global battery production network.

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HIF Global, Porsche and Volkswagen Group unveil new direct air capture unit to be installed at eFuels plant in Chile in 2024

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At the IAA Summit in Munich, HIF Global, together with Porsche AG, Volkswagen Group Innovation and MAN Energy Solutions, announced the development and installation of a Direct Air Capture (DAC) unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024. Earlier post.) Earlier post.) This stores the CO 2 long-term.

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GM, POSCO Future M announce 2nd phase of CAM production in N America; adding pCAM

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General Motors and POSCO Future M announced the second phase of their Ultium CAM joint venture, an investment projected to exceed US$1 billion to increase production capacity of cathode active materials (CAM) in North America and integrate precursor materials production. Site selection will be announced later. Cell Manufacturing and R&D Dec.

GM 170
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.

Global 344
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Volkswagen to build MEB EVs in Chattanooga beginning in 2022; $800M investment in plant

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In addition to Chattanooga, Volkswagen is building the first dedicated EV production facility in Zwickau, Germany, starting MEB production by the end of 2019. Volkswagen is building up the production capacity needed to sell more than 1 million electric cars per year by 2025.

Building 286