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Raven SR , a renewable fuels company, and Hyzon Motors Inc., a global supplier of hydrogen fuel cell-powered commercial vehicles, announced a joint venture to build up to 100 hydrogen hubs across the United States and globally. As a non-combustion process, there is no ash, no slag, build up, or hotspots in the equipment.
Volvo Penta and TICO have completed the build of the first terminal tractor prototypes powered by Volvo Penta’s electric driveline. The Volvo Group recently announced its ambition to be a net-zero emissions company by 2050, at the latest. TICO will build a series of prototypes in close collaboration with Volvo Penta. Next steps.
Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. This transaction also offers TMC shareholders exposure to a royalty company that I am confident under Brian’s leadership will become a market leader.
Lightning eMotors, a leading provider of commercial electric vehicles for fleets, announced a $45-million order for its zero-emission powertrain systems from Faribault, Minnesota-based motorcoach supplier ABC Companies. —Roman Cornell, president and chief commercial officer of ABC Companies. —Roman Cornell.
ABC Companies, a leading provider to the motorcoach, transit and specialty passenger transportation market in the United States and Canada, will soon be the first to offer a motorcoach-diesel-to-electric-repower program for North American operators. —Roman Cornell, president and chief commercial officer of ABC Companies.
The German government is topping up the funding for private charging stations for electric cars in residential buildings by a further €300 million (US$349 million). If the total costs of the project fall below the grant amount, no funding will be granted. An average of 2,500 applications were submitted every day.
billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. Rising raw materials prices risk undermining EV manufacturers’ efforts to drive down the cost of EV batteries necessary for mass adoption; and.
Parallel Systems, a company founded by former SpaceX engineers to reimagine the railroad system, has raised $49.55 million in Series A funds to build autonomous battery-electric rail vehicles that move freight. The funds will be used to build a fleet of rail vehicles, execute advanced testing programs and grow the team.
The ability to use new multi-material additive manufacturing technologies to combine the manufacturing of microchannels with high-surface-area catalyst supports in one process step, has the potential to significantly reduce the costs of these reactors. a hard carbon-based coating that can build up over time.
China’s Tsingshan , the world’s largest producer of stainless steel, will invest $375 million to build a lithium plant in Argentina with French multinational mining and metallurgy company Eramet. The two companies have partnered before, with the Weda Bay Nickel project in Indonesia.
In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast. MMBtu) by 2050 in most modeled markets.
The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019.
Canda-based Lion Electric, a manufacturer of all-electric trucks and buses, is building a battery manufacturing plant and innovation center in Québec. The factory is planned to begin operations in early 2023 and will produce battery packs and modules made from Lithium-ion cells.
BMW i Ventures has invested in Software Motor Company (SMC), a Silicon Valley-based company developing reliable, efficient and intelligent motor systems. To-date, SMC has primarily focused on transforming the HVAC industry, since the operation of buildings is responsible for 40% of global CO2 emissions.
CIIC skateboard chassis integrates battery packs, electric motors, and other critical units into a single layer at the bottom of the vehicle, lowering purchasing cost, vehicle weight and energy consumption while maximizing cabin space for optimal driving experiences. Earlier post.) Earlier post.) In 2021, CATL also broke ground on a $2.1B
Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. Our ultimate goal is to fight climate change and build a sustainable future. —Mark Freymueller, Senior Vice President and Head of Commercial Vehicle Business Innovation at Hyundai Motor Company.
Tier 1 Musashi invests in solid-state battery company KeraCel; long-term partnership. In April, KeraCel announced it was able to 3D-print the very thin ceramic layers essential to building high energy density batteries. Musashi is a global auto parts Tier 1 company for automobiles and motorcycles. has invested in KeraCel Inc.,
SK On will partner with Korea’s largest cathode material company EcoPro, and Chinese battery materials producer GEM to build a battery core material production facility in Saemangeum, South Korea. The three companies together will spend up on 1.21
Bi-directional charging technology means not only charging the Nissan LEAF, but also sending energy stored in the vehicle battery back to the building or the grid.
New battery company SVOLT Energy Technology Co. The NCMA material not only outperforms NCM811 in cycle life, but also exhibits better resistance to heat, the ability to generate less gas and greater safety, which translates into higher capacity, longer cycle life and better safety performance in the final products, the company claimed.
Ford celebrated the production start of the all-new F-150 at the Ford Rouge Center and confirmed construction of the new Rouge Electric Vehicle Center where it will build the all-electric F-150 by mid-2022. The F-Series franchise alone generates more revenue than major companies such as McDonalds, Nike, Coca-Cola, Visa and Netflix.
This analysis builds on a previous comprehensive life cycle analysis, updating that study’s 2016 assumptions and methods. The study provides a comprehensive analysis of the cost and greenhouse gas (GHG) emissions of a variety of vehicle-fuel pathways; the levelized cost of driving (LCD); and the cost of avoided GHG emissions.
Solid-state sodium battery company LiNa Energy ( earlier post ) has closed out a £3.5-million The company says that its design has the potential to exceed both lithium-ion and rest-of-market sodium-ion technologies on all performance measures, and at a cost of less than $50/kWh. million (US$4.8-million)
The joint venture will process Cathode Active Material (CAM), a key battery material that represents about 40% of the cost of a battery cell. Our work with POSCO Chemical is a key part of our strategy to rapidly scale US EV production and drive innovation in battery performance, quality and cost.
The firm said it expects the Robotaxi platform to be a “multi-trillion dollar” opportunity and believes it could dominate long-standing rideshare companies like Uber and Lyft. The operating costs associated with electric vehicles are roughly one-third those of their gas-powered counterparts.
Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). The design significantly increases reliability, maximizes performance, and reduces total cost of ownership.
In October 2021, Rock Tech announced its intention to build Europe’s first lithium converter in Guben, Brandenburg, Germany. The company will locate all production steps of lithium refining in one overall plant at the Guben site. Rock Tech owns its own mine in Canada. That converter is scheduled to start operations in 2024.
Bollinger Motors has begun building design validation pilots of its B4 all-electric Class 4 chassis cabs for testing and demonstration. The Bollinger B4 will be eligible nationwide for a federal purchasing incentive of 30% of the cost of the vehicle, up to a total $40,000, through the Inflation Reduction Act of 2022.
a supplier of hydrogen fuel cell powered heavy vehicles ( earlier post ), plans to build the largest fuel cell membrane electrode assembly (MEA) production line for commercial vehicles in the United States at its new Hyzon Innovation Center located in Bolingbrook, Illinois, just outside of Chicago. Hyzon Motors Inc.,
Germany is adding another €100 million to its successful promotion of private charging stations for electric cars in residential buildings, bringing the total to €500 million. If the total costs of the project fall below the grant amount, no funding will be granted. The grant is a flat rate of €900 per charging point.
GM’s joint venture with LG Chem to develop and mass produce battery cells will drive cell costs below $100 per kWh. Ongoing technological and manufacturing breakthroughs will drive costs even lower, the company said. billion joint venture plant that GM and LG Chem plan to build in Lordstown, Ohio.
With this vision, Nissan wants to deliver strategic value by empowering journeys offering confident, exciting, and more integrated experiences to customers, and through collaborations, empower society to build a smart ecosystem with integrated mobility. The role of companies to address societal needs is increasingly heightened.
a Finnish energy company, have signed an agreement on a joint concept feasibility study for a Power-to-Gas facility at Vantaa Energy’s waste-to-energy plant in the city of Vantaa in the capital region. The technology group Wärtsilä and Vantaa Energy Ltd., The co-development agreement was signed in May and is valid for 12 months.
The companies intend to provide a full-scale offshore demonstration of the solution by 2025/2026. We are the company that can leverage its highly flexible electrolyzer technology and create and redefine the future of sustainable offshore energy production. Just 1% of that hydrogen is currently generated from green energy sources.
Li Auto is aiming to build about 300 super-fast charging stations this year, and NIO also plans to add 10,000 new charging piles this year, according to local media. HK (Image credit: Li Auto) Li Auto (NASDAQ: LI) is starting to build out its charging infrastructure as its first all-electric model is set to be launched this year.
Hydrogen or natural gas-based steelmaking requires ores with the highest iron content at 67% or above, making the cost and ore supply challenge even more acute for these processes. The 50-person company recently opened a new office in Boston, MA to help expand its roster of engineers, scientists, and professional support staff.
With this in mind, the company has already started expanding the clean-room space at its Reutlingen plant. A forecast by the market research and consulting company Yole indicates that, between now and 2025, the SiC market as a whole will grow on average by 30% a year to more than $2.5 billion dollars. At around $1.5
This technology could lower the cost of low carbon hydrogen by over 20% and has become the basis for the Department for Business, Energy and Industrial Strategy (BEIS) and the Committee on Climate Change’s (CCC) analysis. The project aims to reduce the cost of electrolytic hydrogen significantly. Contract value: £7.44 million (US$9.7
We werent just building a faster chip, says Michael Condry , who led the architecture team at Bell Labs Holmdel facility in New Jersey. the company assembled a dream team of semiconductor engineers. Then came the hardest part: actually building the chip. We werent just building a faster chip. That didnt deter Bell Labs.
Downsizing from an average premium vehicle requiring an 80kWh to a 50kWh battery pack could save approximately 200kg from the EV’s weight (the equivalent weight of 3-4 people) and importantly, could reduce the buildcost of the car by $4,500, depending on metal cost fluctuations and energy density improvements.
UPS continues to build an integrated fleet of electric vehicles, combined with innovative, large-scale fleet charging technology. The company produces its own major core vehicle components: chassis, powertrain, body and electronic controls. UPS will initiate testing ADAS features later in 2020.
Wrightspeed and Matthews Specialty Vehicles are teaming up to develop, convert, and deliver battery-powered and range-extended electric buses, trucks, and specialty vehicles with industry-leading performance, efficiency, and total cost of ownership. The powertrains will be manufactured in Wrightspeed’s 110,000 sq.
With this new A range, the company is building on the knowledge and experience it has gained in the area of eco-friendly buses for public urban and regional transport. Van Hool is ready to provide a response to the ever-growing demand from public transport companies that are focusing on ‘greening’ their fleets.
Italy-based Snam, a global energy infrastructure company, and RINA, a global testing, inspection, certification and engineering consultancy services firm, have signed a Memorandum of Understanding to collaborate in the hydrogen sector, in order to realize the significant potential of hydrogen as a fundamental energy carrier.
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