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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

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This could have been due to the companies trying to strengthen their core business and diversify the investment risk given the global economic situation. Despite the challenging global economic conditions, the number of investments in low-carbon hydrogen increased from 600 to over 1,700 between Q4 2021 and Q4 2022.

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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

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Occidental announced that a wholly owned subsidiary— 1PointFive —has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. (CE) Occidental has been working with Carbon Engineering on direct air capture (DAC) deployment since 2019. Earlier post.) Earlier post.)

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Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

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Power Global and Rap Eco Motors partner to deliver 50,000 made-in-India electric auto-rickshaws built upon the swappable eZee module. Rap Eco Motors delivers premier e-rickshaws nationwide and abroad to countries in Asia, Africa, Europe and South America.

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Williams Advanced Engineering developing battery system for Anglo American’s hydrogen-powered mine haul truck

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Global mining company, Anglo American, has engaged Williams Advanced Engineering (WAE) to develop its new Fuel Cell Electric Vehicle (FCEV): a 290-tonne electrically powered mining haul truck, which is set to be the world’s largest electrified vehicle. —Craig Wilson, MD of Williams Advanced Engineering. Earlier post.).

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MAN Truck & Bus will offer an eBus chassis for the global market; NMC and LFP battery options

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MAN Truck & Bus will in future be offering an eBus chassis for the global market. By 2040, sales of zero-emission buses are expected to rise to more than 80% of the global market. The eBus chassis will be available as both left- and right-hand drive variants says Barbaros Oktay, Head of Bus Engineering at MAN Truck & Bus.

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Ballard & First Mode sign order for 30 additional hydrogen fuel cells for ultra-class mining trucks; 3MW

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The Ballard hydrogen fuel cell module will help power ultra-class mining haul trucks like this one at Anglo American’s Mogalakwena Platinum Group Metals mine in South Africa. These trucks are estimated to save 2,600 tons of diesel fuel each year.

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BMW investing €400M in new vehicle assembly at Munich plant as part of shift to electromobility; engine production being concentrated at Steyr and Hams Hall

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The BMW Group is speeding up the shift towards electromobility and strengthening its global network for production of electrified vehicles. The new assembly in Munich will be built on the site currently used for engine production. The company is investing €400 million in a new vehicle assembly at the main plant in Munich.

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