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ClearFlame Engine Technologies secures $17M in Series A financing

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ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.

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Roskill: rare earth magnet applications to account for ~40% of total RE demand by 2030, up from 29% in 2020

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Roskill expects that rare earth permanent magnet applications represented 29% of total demand in 2020—the largest single end use—consuming a mixture of neodymium (Nd), praseodymium (Pr), dysprosium (Dy), along with other elements used at fillers such as cerium (Ce) and gadolinium (Gd).

2020 418
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BNEF: global investment in low-carbon energy transition hit $755B in 2021; up 27% from 2020; electrified transport grew the fastest

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In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF).

Carbon 418
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Frost & Sullivan: inductive (wireless) EV charging to grow with 126.6% CAGR 2012-2020

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from 2012 to 2020, with approximately 351,900 units likely to be sold. Currently, inductive charging is offered as an aftermarket solution with attractive financing options. Inductive charging in stationary applications too will be most sought after in the near-term, whereas dynamic or on-the-move charging will gain traction post-2020.

2020 321
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Air Liquide, Idex, STEP, Toyota create HysetCo to promote development of hydrogen mobility in Paris region; 600 Hype H2 taxis by the end of 2020

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HysetCo will make it easier to roll out hydrogen fuel cell vehicles and their recharging infrastructure within the Île-de-France region in order to reach the objective of 600 taxis by the end of 2020. Toyota will deliver an additional 500 Mirais by the end of 2020, which will complete the existing fleet of 100 Hype vehicles.

Taxi 321
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Cirium: 21 years of airline passenger traffic growth wiped out in 2020

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Global aviation data firm Cirium released its new Airline Insights Review 2020 which reveals the deep impact on aviation of worldwide travel restrictions to curb COVID-19. In comparison to last year, passenger traffic is estimated to be down 67% in 2020. This marks an extraordinary 86% reduction in flights. million flights to just 16.8

2020 269
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NIO launches Battery as a Service (BaaS) in China; battery swap system

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With the battery price not included in the vehicle sales price, nor in the finance payments, the costs are significantly lower to switch to an EV. This is further enhanced with the 2020 policy of national NEV subsidies that favor battery-swapping technology. NIO’s 84 kWh battery for the ES6.

Batteries 508