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Energy ECS company McDermott joins H2@Scale in Texas and Beyond

Green Car Congress

McDermott International, a premier, fully-integrated provider of engineering and construction solutions (ECS) to the energy industry, has joined a consortium of public, private and academic partners collaborating on a US Department of Energy (DOE) project—Demonstration and Framework for H2@Scale in Texas and Beyond.

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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.

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Tesla says next-gen vehicle will start production in second half of 2025

Teslarati

Tesla said that its next-generation vehicle will begin production in the second half of 2025. It will be a completely new vehicle with new production lines and is expected to help Tesla continue its growth. Instead, it seems the new car is more geared toward affordability, which is Tesla’s key to more growth moving forward.

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Event: Tesla Dedicates Texas Plant, Promises New Products

Clean Fleet Report

The 2X indicates the rough doubling of production capacity by the company with the opening of new plants in Germany and Texas. Timing aside, both plants are delivering products (initially the Model Y crossover) to fill backlogs of orders in Europe and the U.S. The Texas Gigafactory. Next Year. “So

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Tesla battery supplier Panasonic to delay commercial 4680 cell production

Teslarati

Longtime Tesla battery supplier Panasonic has announced a delay in the commercial production of its 4680 cells. Panasonic previously suggested that mass production of its 4680 cells could be achieved between April 2023 and March 2024. Tesla’s South Korean battery supplier LG Energy Solution is also developing its own 4680 cells.

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Tesla price target reduced by Wells Fargo over reduced production outlook

Teslarati

Wells Fargo lowered its Tesla (TSLA) price target from $260 to $250 based on its lowered production outlook. Analysts are worried about Tesla’s forecasted 50% growth year-over-year after the company showed uncertainty in its plans for Gigafactory Mexico. Another Tesla executive said the company could continue to grow in Giga Texas.

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Plug selected by NFE for 120 MW green hydrogen plant on Gulf Coast

Green Car Congress

NFE) for a 120 MW industrial-scale green hydrogen plant near Beaumont, Texas. Expected to be one of the largest of its kind in North America, the facility will leverage Plug’s proton exchange membrane (PEM) electrolysis technology and enable the production of more than 50 tons per day (TPD) of green hydrogen.

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