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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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Huge and immediate need for renewable-based fuels in shipping represents opportunity for investors, according to ‘Fuelling the Fourth Propulsion Revolution’ report released today. This is the equivalent of the entire world’s current renewable energy production. Vancouver, Canada. 17th May 2022. MWh to €156.40/MWh MWh in 2050).

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Polestar, Rivian report concludes automotive industry tracking to overshoot IPCC emissions target by 75%

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Polestar and Rivia have collaborated on a ‘ Pathway Report ’ which concludes that the automotive industry is set to overshoot the IPCC’s 1.5-degree The report, which uses existing, open-source data to model the current trajectory for emissions stemming from the car industry, was carried out by global management consulting firm Kearney. …

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. This includes spending on renewables such as wind and solar as well as grid and other infrastructure. Manufacturing the additional 2.7

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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

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With its investment in HIF Global LLC, Porsche is participating in an international financing round alongside the Chilean company Andes Mining & Energy (AME) and the American companies EIG, Baker Hughes Company and Gemstone Investments. Porsche has been researching the use of renewable fuels for some time. Earlier post.).

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CNH Industrial enters into exclusive multi?year technology licensing agreement with Monarch Tractor for tractor electrification

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CNH Industrial has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor , a US-based AgTech company specializing in fully electric autonomous tractors. The company has secured several hundred working farms as preliminary customers.

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MAN Energy launches industry consortium to develop medium-speed, ammonia-fueled engine

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Initiated by MAN with partners from industry and research institutes, it aims to define the steps necessary to produce a dual-fuel, medium-speed engine capable of running on diesel-fuel and ammonia. MAN Energy Solutions has begun the ‘AmmoniaMot’ project. Alexander Knafl, Head of R&D, Four-Stroke Engineering, MAN Energy Solutions.

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Statkraft to supply renewable power for Fortescue’s Holmaneset 300 MW green hydrogen & green ammonia project

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Fortescue Future Industries (FFI) has secured renewable power for its proposed Holmaneset green energy project , entering into a long-term Power Purchase Agreement (PPA) with Statkraft. FFI undertook a Scoping Study across Norway to identify potential locations for the development of renewable energy and port facilities.

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