article thumbnail

Albemarle signs two agreements for strategic investments in China to expand lithium conversion capacity

Green Car Congress

Albemarle Corporation, a leader in the global specialty chemicals industry, announced its intent for strategic investments in China in support of the expansion of its lithium conversion capacity.

article thumbnail

Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

Green Car Congress

million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.

Hydrogen 397
article thumbnail

TEPCO and Toyota develop stationary storage battery system using EV batteries

Green Car Congress

TEPCO HD) and Toyota Motor Corporation (Toyota) have developed a stationary storage battery system (1 MW output, 3 MWh capacity) that combines TEPCO’s operating technology and safety standards for stationary storage batteries and Toyota’s system technology for electrified vehicle storage batteries. Tokyo Electric Power Company Holdings, Inc.

Toyota 416
article thumbnail

XL Fleet going public via merger with SPAC Pivotal Investment Corporation II; expanding fleet portfolio to all-electric solutions

Green Car Congress

XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement. Fleet electrification as a whole is still in the early stages of development, and there is tremendous untapped opportunity in the years and decades ahead.

Fleet 448
article thumbnail

CPKC orders 3.6MW of Ballard fuel cells for expansion of hydrogen locomotive program

Green Car Congress

In June, CPKC and CSX Corporation announced their intent to enter into a joint venture for the building and deployment of hydrogen locomotive conversion kits for diesel electric locomotives. The conversion work will be done at CSX’s Huntington, West Virginia locomotive shop.

Hydrogen 370
article thumbnail

How Corporations Can Help the U.S. Reach its EV Goals

Clean Fleet Report

How Corporations Can Help the U.S. Meanwhile, the electrification of city- and corporate-owned vehicles has been dominating recent headlines. And large corporations like Amazon aren’t the only ones currently converting their fleets from gas to electric. Reach its EV Goals A Look at the Pathway & Companies’ Role U.S.

article thumbnail

JFE Steel, Emirates Steel and Itochu to study building supply chain for low-carbon ironmaking

Green Car Congress

JFE Steel Corporation, Itochu Corporation and Emirates Steel Arkan, the largest steel company in the United Arab Emirates (UAE), will conduct joint detailed feasibility studies on the establishment of a supply chain of ferrous raw material for green ironmaking with low-carbon emission at the project site in Abu Dhabi.