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Wolfspeed and ZF partner for future SiC semiconductor devices; new R&D center, new 200mm fab

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The strategic partnership includes a joint research facility in Germany that will focus on real world e-mobility and renewable energy system level challenges. The decommissioned coal-fired power plant in Ensdorf, Saarland (top), and with a rendering of the planned 200 mm SiC semiconductor factory by Wolfspeed and ZF (bottom).

Future 259
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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

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Based on BNEF’s New Energy Outlook, its annual long-term scenario analysis on the future of the energy economy, the report examines how Indonesia’s energy supply may evolve under BNEF’s Economic Transition Scenario (ETS) as well as a Net Zero Scenario (NZS) compliant with the goals of the Paris Agreement.

Indonesia 195
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BMW Group secures CO2-reduced steel for global production network

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With its versatile properties, steel is nevertheless one of the key materials for automotive manufacturing and will be no less important for future vehicle concepts and generations. This manufacturing process has significant potential for CO 2 savings, compared to coal-based steel production in a blast furnace.

BMW 444
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bp and thyssenkrupp Steel to advance the decarbonization of steel production; low-carbon hydrogen and renewable power

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bp and thyssenkrupp Steel have signed a memorandum of understanding (MoU) focused on the development of long-term supply of low-carbon hydrogen and renewable power in steel production, helping accelerate the steel industry’s wider energy transition. This will increasingly require the use of electricity from renewable sources.

Hydrogen 170
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Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C

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By comparison, 69% of steel today is made at approximately 1,600 degrees Celsius (2,912 degrees Fahrenheit) using coal, emitting about two tons of carbon dioxide for every ton of steel produced. We also have a historic opportunity to decentralize the global iron and steel supply chain and re-shore manufacturing and mining jobs.

Coal 360
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IG Metall warns that Krupp Mannesmann steel plant may fail due to lack of financing for conversion to climate-neutral steel production

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The union called on the shareholders of HKM to commit themselves clearly to the future of the traditional steel mill and to invest now in its conversion. The French pipe manufacturer Vallourec SA wants to give up its 20% stake in HKM and withdraw from Germany. There are currently 3,100 steel workers employed there.

Financing 221
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Australia’s CSIRO creates Future Science Platform focused on hydrogen energy systems

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Australia’s federal government agency for scientific research CSIRO is creating a Future Science Platform (FSP) focused on hydrogen energy systems. The creation of a Hydrogen FSP will support the development of technologies that allow Australia to export its solar energy, as well as providing low emissions energy solutions for Australians.

Hydrogen 150