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S&P Global: US faces new challenges meeting increased demand for critical minerals spurred by IRA

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The US Inflation Reduction Act (IRA) is accelerating demand for critical minerals (lithium, cobalt and nickel) and copper that are vital to energy transition technologies. However, ensuring enough qualifying supply to meet that demand faces “considerable challenges,” according to a new analysis by S&P Global.

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Lightning Motorcycles reveals electric Bonneville Superbike with Niobium technology

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Tachyon Nb is developed using Niobium technology and combines extreme high performance and innovations to target breaking the world Land Speed Record and exceeding the 250 mph (400 km/h) mark. Lightning partnered with the Brazilian company CBMM, global leader in Niobium products and technology ( earlier post ), on materials for the superbike.

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Accelera by Cummins, Daimler Truck, PACCAR form US JV for battery cell production; EVE Energy technology partner for LFP

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Accelera by Cummins, the zero-emissions business unit of Cummins; Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company]; and PACCAR are partnering to accelerate and localize battery cell production and the battery supply chain in the United States. manufacturing jobs in the growing clean technology sector.

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Daimler Truck and CATL expand global partnership on truck-focused batteries and supply

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Daimler Truck AG and lithium-ion battery manufacturer and developer Contemporary Amperex Technology Co. In 2019, Daimler Truck AG and CATL entered into a global lithium-ion battery cell modules supply agreement for electric series trucks including the Mercedes-Benz eActros, the Freightliner eCascadia and eM2.

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Boundary Layer Technologies reveals ELECTRA all-electric hydrofoiling ferry concept

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Boundary Layer Technologies, a California-based marine technology startup, revealed its concept design for a fully electric hydrofoiling ferry: ELECTRA. Hydrofoil technology is the key to enabling electrification of passenger ferries. —Ed Kearney, CEO of Boundary Layer Technologies.

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HIF Global begins approval process for its first eFuels manufacturing facility in Australia; third globally

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E-fuels company HIF (Highly Innovative Fuels) Global has begun the development of Australia’s first large-scale, carbon-neutral eFuels production facility in Tasmania. Our global plan is to produce over 8 billion liters a year of carbon-neutral eFuels—enough to decarbonize 5 million vehicles. Earlier post.). Earlier post.).

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EIA projects increases in global energy consumption and emissions through 2050

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The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. Projections for the United States in IEO2021 are consistent with those released in the Annual Energy Outlook 2021.

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