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DOE awarding $46M to 8 companies to support commercial fusion energy development

Green Car Congress

The US Department of Energy (DOE) announced $46 million in funding ( DE-FOA-0002809 ) to eight companies advancing designs and research and development for fusion power plants. Commercial fusion power on a decadal timescale with the compact, high-field ARC power plant. ST40 also achieved the highest triple product by a private company.

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Mullen announces $15.8M vehicle purchase agreement with MGT Lease Company for 250 Class 3 commercial EV trucks

Green Car Congress

Mullen Automotive, an emerging EV manufacturer, announced the signing of a vehicle purchase agreement with MGT Lease Company, a national fleet leasing provider, to purchase 250 all-electric commercial class 3 cab chassis EV trucks. The contract is valued at $15,755,000.

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Rivian’s Electric Commercial Van Now Available to Any Company

Electric Cars Report

The Irvine, California-based electric vehicle startup Rivian announced that it will enable other companies to purchase its custom-designed Rivian Commercial Van as an initial period of making them exclusively for Amazon concludes.

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Electric commercial vehicle company SEA Electric raises $42M; partnership with Exro

Green Car Congress

The net proceeds from the investment will allow SEA Electric to solidify its position in the electrification of commercial vehicles while funding its backlog and facilitating more pilot programs with operators. The company forecast is to have more than 15,000 vehicles on the road by the end of 2023. SEA Electric Holdings Pty Ltd.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Electrolyzer company Hystar raises US$26M to scale up to full commercial operations

Green Car Congress

Hystar AS, a Norway-based electrolyzer company, announced a Series B funding round of US$26 million to support the scale-up to full commercial operations with an automated GW-capacity production line by 2025. Hystar’s patented technology is targeting hard-to-abate sectors at scale, such as steel, ammonia, and heavy-duty transportation.

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Yanmar commercializing maritime hydrogen fuel cell system

Green Car Congress

Yanmar Power Technology, a subsidiary of Yanmar Holdings, is commercializing a 300 kW maritime hydrogen fuel cell system. The company plans to propose the installation of this system into various ships, including passenger ships, work ships, and cargo ships operating in coastal areas where hydrogen refueling is relatively accessible.

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