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Hyundai Motor to expand XCIENT fuel cell truck entry into US market

Green Car Congress

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. At the 2022 Advanced Clean Transportation (ACT) Expo, Hyundai Motor will share the progress of the NorCAL ZERO Project. million km as of 30 April 2022.

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BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

Green Car Congress

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. MMBtu) by 2050 in most modeled markets. MMBtu) by 2050 in most modeled markets. The key driver is the falling cost of solar PV electricity.

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First 35 State plans to build out EV charging infrastructure approved; more than $900M in FY22 and FY23 funding

Green Car Congress

With this early approval, these states can now unlock more than $900 million in NEVI formula funding from FY22 and FY23 to help build EV chargers across approximately 53,000 miles of highway across the country. Approved Plans are available on the FHWA web site.

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Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

Green Car Congress

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. Volume produced will be marketed by each shareholder based on their respective shareholding in the project.

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Parallel Systems raises $50M Series A to build autonomous battery-electric rail cars that move freight

Green Car Congress

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. Less energy means smaller batteries, less strain on the grid, and lower charging infrastructure costs.

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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

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. The latter cost at $74 and $81 per MWh, respectively.

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SoCalGas, partners developing technology to make carbon fiber during hydrogen production from methane; reducing the cost of H2 and cutting GHG

Green Car Congress

The goal of the partnership, led by startup C4-MCP (C4), is to offset the hydrogen production expense with the sales of the carbon fiber and carbon nanotubes, reducing the hydrogen’s net cost to less than $2 per kilogram, thus helping make hydrogen fueled cars and trucks cost-competitive with conventional gasoline and diesel vehicles.