Remove Companies Remove Energy Remove Grant Remove Romania
article thumbnail

OMV says it will stop oil and gas production by 2050 in transformation to net-zero

Green Car Congress

Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The business segment Chemicals & Materials will instead be the growth engine of the company. The company can build on a strong position.

Oil 465
article thumbnail

Tecnomatic S.p.A. sues Remy, claiming false statements in DOE grant application over HVH stator winding technology

Green Car Congress

was improperly secured by Remy and referenced in Remy’s application for $60 million in taxpayer grants from the United States Department of Energy (DOE) in October 2008. Tecnomatic charges that this material was instrumental in successfully securing a $60-million grant as part of the American Recovery and Reinvestment Act.

Grant 186
article thumbnail

3-year, $75.7M eRamp power electronics research project launches at Infineon

Green Car Congress

Power electronics—the electronic components and their power semiconductors—help keep the loss of electrical energy as low as possible and help minimize power consumption in a wide variety of applications, including hybrid and electric drive systems. million) project. Manufacturing Power Electronics'

Austria 265