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DOE awarding $46M to 8 companies to support commercial fusion energy development

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The US Department of Energy (DOE) announced $46 million in funding ( DE-FOA-0002809 ) to eight companies advancing designs and research and development for fusion power plants. Commercial fusion power on a decadal timescale with the compact, high-field ARC power plant. ST40 also achieved the highest triple product by a private company.

Fusion 305
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ElectraMeccanica and Tevva to merge; targeting electric commercial trucks in UK, Europe and US

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ElectraMeccanica , a designer and assembler of electric vehicles, and Tevva , a manufacturer of electric medium- and heavy-duty commercial vehicles, have entered into a definitive agreement, pursuant to which ElectraMeccanica and Tevva have agreed to combine by way of a British Columbia statutory plan of arrangement.

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EVR Motors partners with EKA Mobility to provide advanced lightweight electric motors for e-buses and Light Commercial Vehicles in India

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Israeli startup EVR Motors has partnered with India’s EKA Mobility, an electric vehicles and technology company, a subsidiary of Pinnacle Industries Limited, to design small, lightweight electric motors for their e-buses and Light Commercial Vehicles (LCVs) in India.

India 417
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Hydra Energy partners with Chemtrade to provide commercial truck fleets with green hydrogen below the cost of diesel

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Continuing to speed up the adoption of hydrogen in long-haul transportation, Hydra Energy —the first Hydrogen-as-a-Service provider for commercial fleets—announced a strategic partnership with Chemtrade. The flagship Hydra-Chemtrade commercial project will break ground this year, with gas expected to be flowing in 2022.

Hydrogen 301
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Si-anode company NEO Battery Materials to partner with Korea Metal Silicon

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Ltd (KMS) to pursue strategic opportunities for the advancement of low-cost, scalable silicon anodes through leveraging the developments in silicon technologies from both parties. The agreement would help accelerate NEO’s commercialization plans of its silicon anode technology. Korea Metal Silicon Co.

Companies 435
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Hysata closes $42.5M AUD Series A to commercialize capillary-fed electrolysis

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Australia-based Hysata, which is commercializing capillary-fed electrolysis technology developed at the University of Wollongong ( earlier post ) has closed its oversubscribed Series A funding round of $42.5 kWh/kg), delivering a giant leap in performance and cost over incumbent technologies, which typically operate at 75% or less.

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Plug Power unveils stationary high-power fuel cell system for charging commercial electric fleets

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Plug Power unveiled a new high-power stationary fuel cell system for charging commercial electric vehicle (EV) fleets. Operators deploying commercial electric vehicles face many obstacles, from grid power capacity restrictions to clean power requirements to long waits for grid infrastructure upgrades and installations.

Fleet 321