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TECO 2030 to set up giga factory for production of hydrogen fuel cells in Narvik, Norway

Green Car Congress

TECO 2030 ASA plans to establish Norway’s first large-scale production of hydrogen-based fuel cells in Narvik in Northern Norway. Through the initiative in Narvik, the company contributes to the Norwegian government’s ambition that Norway should build a complete value chain for the utilization of hydrogen as an energy carrier.

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FREYR Battery announces public offering of 13,500,000 ordinary shares

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Norway-based FREYR Battery plans to make a public offering of 13,500,000 of its Ordinary Shares, without nominal value, in an underwritten registered public offering. FREYR expects to grant the underwriters a 30-day option to purchase up to 2,025,000 additional Ordinary Shares as part of this offering.

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Electrolyzer company Hystar raises US$26M to scale up to full commercial operations

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Hystar AS, a Norway-based electrolyzer company, announced a Series B funding round of US$26 million to support the scale-up to full commercial operations with an automated GW-capacity production line by 2025. The round was co-led by AP Ventures and Mitsubishi Corporation.

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Nikola orders enough electrolysis equipment from Nel to produce 40,000 kg of hydrogen per day

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Nikola Corporation, which is making its public-trading debut on the NASDAQ today (NKLA), signed a purchase order with Nel ASA for 85-megawatt alkaline electrolyzers to support five of the world’s first 8-tonne-per-day hydrogen fueling stations. —Trevor Milton, Nikola Corporation’s founder and executive chairman.

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Mazda Builds First RX-8 Hydrogen RE for Norway

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Mazda Motor Corporation has built the first Mazda RX-8 Hydrogen RE vehicle with Norwegian specifications, developed specifically for participation in HyNor, Norway’s national hydrogen project. Mazda plans to commence leasing of Norwegian specification RX-8 Hydrogen RE models in Norway in summer 2009. Earlier post.).

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Volvo Car Corporation begins production of the Volvo C30 Electric for leasing customers in Europe

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The Volvo Car Corporation has begun production of the C30 Electric ( earlier post ); initial deliveries to leasing customers, mainly companies, authorities and governmental bodies, will take place immediately after the summer. Volvo says it will build about 250 cars by the end of 2012, possibly more if market interest takes off.

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FREYR Battery and Nidec complete formation of joint venture

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FREYR Battery and Nidec Corporation, a globally leading producer of high-efficiency electric motors and a leader in the energy storage systems (ESS) space, have established a downstream joint venture, now called Nidec Energy AS. The cells exhibited best-in-class performance for thermal stability, indicating robust safety characteristics.

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