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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Benchmark’s analysis shows that the expansion of the global lithium industry will need $51 billion of investment.

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Germany and Australia to establish alliance on green hydrogen supply chain

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German Federal Minister of Economics Peter Altmaier and Federal Minister of Research Anja Karliczek, together with their Australian counterpart, Energy Minister Angus Taylor, have signed a letter of intent to establish a “Germany Australia Hydrogen Accord” to facilitate a green hydrogen supply chain between the countries.

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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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Our ambition is to build an advanced innovation center combined with a giga factory, meaning that we will produce fuel cells with a capacity of 1200 megawatts, or 1.2 This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. Financing alternatives are being evaluated.

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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

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Among other projects, the Santiago de Chile-based company is building the Haru Oni eFuel pilot plant in Punta Arenas (Chile). The additional capital will be used to develop industrial eFuel facilities in Chile, the US and Australia, which have large supplies of renewable energy. Earlier post.).

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NFI Industries orders 60 Volvo VNR Electric trucks

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NFI Industries—a leading third-party supply chain solutions provider—is increasing its investment in electromobility solutions with its latest order of 60 Volvo VNR Electric trucks. Twenty of the trucks will be deployed as part of the Joint Electric Truck Scaling Initiative, or JETSI project. emission heavy?

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Tesla’s future capabilities in autonomy, chip building are best in industry: expert

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Tesla’s leadership status as king of the electric vehicle sector has been established through several years of innovation and the company’s ability to influence an entire industry. Finance to discuss what is priming companies for the future, along with where they rank in terms of preparedness. Yu joined Ya hoo!

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Iberdrola and H2 Green Steel to build 1GW green hydrogen plant to fuel DRI furnace for green steel; €2.3B investment

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Iberdrola and H2 Green Steel (H2GS, earlier post )have signed an agreement to build a plant with an electrolysis capacity of 1 GW. Iberdrola will supply renewable energy to the plant, while the production of green molten steel and all downstream metallurgical processes will be operated and owned by H2 Green Steel.

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