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Volkswagen Group, Siemens invests $450M in Electrify America

Green Car Congress

The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45 Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.

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Workhorse enters into strategic agreements with Hitachi and Hitachi Capital America

Green Car Congress

a US-based technology company focused on providing sustainable and cost-effective electric drone-integrated vehicles to the last-mile delivery sector, announced newly-formed strategic agreements with both Hitachi America, Ltd. and Hitachi Capital America Corp. Workhorse Group Inc.,

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

BNEF’s 2H 2022 Energy Storage Market Outlook sees an additional 13% of capacity by 2030 than previously estimated, primarily driven by recent policy developments. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030

Green Car Congress

Scott Keogh, President and CEO, Volkswagen Group of America, Inc. Currently, more than 90% of Volkswagen’s vehicle portfolio for North America is assembled in North America, including the Atlas and Atlas Cross Sport SUVs in Chattanooga, TN, as well as Tiguan, Taos and Jetta in Puebla, Mexico.

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Plug In America earns EV Adoption Leadership (EVAL) Bronze certification

Plug in America

We’re excited to share that Plug In America has achieved EVAL Bronze certification. EVAL was inspired by the well-recognized and respected Leadership in Energy and Environmental Design (LEED) building certification. Going through the EVAL questionnaire was relatively easy.

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CoBank report suggests self-driving vehicles could easily overwhelm current data center market

Green Car Congress

But according to a new report from CoBank, another major challenge that is often overlooked is the monumental impact these vehicles will have on the data center market. A 100-fold increase in storage capacity represents a 15-year 36% CAGR, a good bit higher than the market intelligence firm IDC’s annual forecast of 18% (from 2020 to 2024).

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