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SK makes strategic investment in clean hydrogen company Monolith; “cyan hydrogen”

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SK Corp, the holding company of SK Group, has made a strategic investment in Monolith , a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green (via electrolysis using renewable energy) and blue (conversion of methane accompanied by CO 2 capture and storage). The Monolith process.

Hydrogen 468
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Solid-state battery company Quantumscape to list on NYSE; $3.3B valuation

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a special purpose acquisition company (SPAC), announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company. Ten years ago, we embarked upon an ambitious goal that most thought was impossible. Transaction overview. billion pro forma enterprise value.

Companies 468
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Mitsubishi Heavy invests in Monolith Materials to support clean hydrogen production

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to support its commercial-scale, emissions-free hydrogen manufacturing technology. Monolith Materials is the first US manufacturer to produce “turquoise hydrogen” on a commercial scale. Monolith Materials, Inc. has received an investment from Mitsubishi Heavy Industries America, Inc. Monolith process.

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Stellantis and Toyota Europe expand partnership with new large-size commercial van including electric version

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(TME) announced the expansion of their existing partnership with an agreement for a new large-size commercial van, including a battery electric version. Stellantis will supply TME with the new large-size commercial van for sale in Europe under the Toyota brand. —Carlos Tavares, Stellantis CEO.

Europe 321
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Firestone Race Tires made with guayule rubber make INDYCAR debut; commercial use of guayule rubber in tires by 2030

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Guayule is grown and processed at the company’s R&D facilities in Arizona and made into the Firestone Firehawk alternate race tires at its Akron, Ohio, race tire production facility. Bridgestone launched its guayule research initiative in 2012 when it broke ground on a guayule processing and research center in Mesa, Ariz.

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HaaS company Hydra Energy delivers first converted hydrogen-diesel co-combustion heavy-duty truck; up to 40% hydrogen

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Hydra Energy, the Hydrogen-as-a-Service (HaaS) provider for commercial fleets looking to reduce emissions and costs with limited risk and no up-front investment ( earlier post ), has delivered its first hydrogen-converted, heavy-duty truck to paying fleet customer Lodgewood Enterprises. Hydra’s technology has been in development since 2012.

Hydrogen 397
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Monolith to collaborate with Goodyear on carbon black for its tire production; methane pyrolysis

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Monolith , a leader in clean carbon black production, signed a collaboration agreement and letter of intent (LOI) with The Goodyear Tire & Rubber Company, one of the world's largest tire companies. Carbon black is an essential material found in countless everyday products, but perhaps most notably in tires.

Carbon 221