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EU Innovation Fund grants €108M to RWE’s waste-to-hydrogen project FUREC

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RWE's FUREC project, which aims to produce circular and green hydrogen from non-recyclable municipal solid waste in Limburg, the Netherlands, received a €108-million grant from the EU’s Innovation Fund. FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS).

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SK Innovation invests $30M in ammonia fuel-cell startup Amogy

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Korea-based SK innovation has invested $30 million in ammonia-based fuel cell startup Amogy ( earlier post ); the two also signed a memorandum of understanding (MoU) on technical cooperation, and agreed to cooperate to develop ammonia-based fuel cell system technology and expand the market. Amogy Tractor. Photo Credit: Bryan Banducci.

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SK Innovation expects to produce 500 GWh of batteries in 2030

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At the “SK Innovation Story Day” briefing session in Seoul last week, Dong-Seob Jee, President of SK Innovation’s Battery Business, said from its current 40 GWh battery production level, the company expects to reach 85 GWh in 2023, 200 GWh in 2025 and more than 500 GWh in 2030. trillion won (US$2.2 billion) in 2025, he said.

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Rolls-Royce’s all-electric ‘Spirit of Innovation’ completes taxi testing

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Rolls-Royce has successfully completed the taxiing of its ‘Spirit of Innovation’ aircraft, the latest milestone on its way to becoming the world’s fastest all-electric plane. Earlier post.) The plane is part of a Rolls-Royce initiative called ACCEL, short for “Accelerating the Electrification of Flight”.

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

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Embracing Moonshot Innovation in the AI revolution

Innovation News Network

In the era of rapid technological advancement, businesses need to navigate a balance between Innovation Myopia and Moonshot Innovation. The post Embracing Moonshot Innovation in the AI revolution appeared first on Innovation News Network.

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Innovative applications for vanadium flow battery technology

Innovation News Network

The post Innovative applications for vanadium flow battery technology appeared first on Innovation News Network. Learn about StorEn Tech's vanadium redox flow batteries and their many advantages for telecom applications.

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