article thumbnail

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

Green Car Congress

Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.

Hydrogen 473
article thumbnail

Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

Green Car Congress

Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies.

Global 199
article thumbnail

Geely and Renault Group to create global powertrain company for advanced hybrid and efficient ICE powertrains

Green Car Congress

Geely Holding Group, Geely Automobile Holdings Limited (collectively “Geely”) and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains. —Luca de Meo, CEO Renault Group.

Global 186
article thumbnail

15+ global automotive brands testing StoreDot extreme fast charging high energy battery cells

Green Car Congress

StoreDot, a developer of extreme fast charging high energy batteries for electric vehicles, announced that its XFC batteries and systems are now being tested by more than 15 global automotive brand manufacturers, and that it has additional potential manufacturing partnerships in the pipeline for this year.

Global 417
article thumbnail

Faurecia and Accenture partner on products and services for connected and autonomous vehicles

Brief (..)

article thumbnail

Orocobre and Galaxy to merge, creating 5th largest global lithium chemicals company

Green Car Congress

The resulting company will have a A$4-billion (US$3.1-billion) The merged entity will also be the fifth-largest lithium company by production according to Benchmark’s Lithium Forecast, with Orocobre and Galaxy’s active assets delivering a combined capacity of around 35,000 tpa LCE. —Galaxy Chairman Martin Rowley.

Companies 243
article thumbnail

Siemens Energy to supply 1.8GW of electrolyzers to HIF Global for Texas eFuels facility

Green Car Congress

eFuels company HIF Global ( earlier post ) and Siemens Energy reached an agreement under which Siemens Energy will supply electrolyzers to the HIF Matagorda eFuels Facility. We face a time of incredible expansion in hydrogen production amid global supply chain challenges.

Texas 397