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Sumitomo Corporation of Americas makes strategic investment in hydrogen fuel provider OneH2

Green Car Congress

Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the world’s largest traders of goods and services, has invested in OneH2, a hydrogen fuel company headquartered in Longview, North Carolina. Their solution is both mobile and scalable.

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Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position

Green Car Congress

Nikola Corporation announced that an institutional investor has agreed to make a $200-million investment in Nikola through the purchase of Convertible Senior Notes. Funds advised by Antara Capital LP have agreed to purchase $200 million aggregate amount of 8.00% / 11.00% Convertible Senior Notes due 2026.

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Port of Antwerp converting tug to methanol propulsion; becoming a multi-fuel port

Green Car Congress

The Port of Antwerp is converting a tug to methanol propulsion. Swedish shipbuilder, Scandinaos, designed the vessel’s modifications, ABC (Anglo Belgian Corporation) is responsible for converting the engine and for installing the methanol tanks and pipes, while the German company, Heinzmann, is adapting the injectors.

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IVECO, FPT Industrial and Nikola Corporation unveil Nikola TRE battery-electric truck for European markets

Green Car Congress

The IVECO S-WAY is a stand-out product, which embodies IVECO’s concept of customer-centricity and has already gained momentum in the markets with well-deserved success. IVECO, FPT Industrial and Nikola have adopted a modular approach in developing their electric offering for the European market.

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Bezos Bucks? Get Ready for Corporate Digital Currency

Cars That Think

Corporate Cash The idea of private digital currencies goes back to at least 1994, when the late Edward de Bono wrote of the “IBM dollar.” In de Bono’s vision, “large manufacturing corporations” should create their own currencies, which could be used to buy their products. Customers could convert U.S.

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Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

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OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round. Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing.

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DENSO and USJC announce mass production shipment of automotive IGBTs, targeting expanding EV market

Green Car Congress

USJC), a subsidiary of global semiconductor foundry United Microelectronics Corporation (UMC), announced a joint collaboration to produce insulated gate bipolar transistors (IGBT), which have entered mass production at the 300mm fab of USJC. DENSO and United Semiconductor Japan Co., A first shipment ceremony was held to mark this milestone.

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