article thumbnail

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

Green Car Congress

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
article thumbnail

Chevron New Energies, Crowley invest in marine hydrogen tech company Zero Emission Industries

Green Car Congress

Zero Emission Industries (ZEI), a hydrogen technology company for maritime, announced the first close of its Series A funding round. The round is led by Chevron New Energies with additional investment from US-based shipping and logistics company Crowley.

Chevron 334
article thumbnail

Suzuki, Daihatsu, and Toyota to unveil mini-commercial van EVs

Green Car Congress

Suzuki Motor, Daihatsu Motor, and Toyota Motor will unveil prototype mini-commercial van electric vehicles (BEVs) equipped with a jointly developed BEV system. The unveiling will take place at an exhibition event that introduces the automobile industry’s efforts to achieve carbon neutrality (CN), from 18-21 May.

Suzuki 448
article thumbnail

Yanmar commercializing maritime hydrogen fuel cell system

Green Car Congress

Yanmar Power Technology, a subsidiary of Yanmar Holdings, is commercializing a 300 kW maritime hydrogen fuel cell system. The company plans to propose the installation of this system into various ships, including passenger ships, work ships, and cargo ships operating in coastal areas where hydrogen refueling is relatively accessible.

Hydrogen 359
article thumbnail

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

Green Car Congress

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. Hystar’s patented technology is targeting hard-to-abate sectors at scale, such as steel, ammonia, and heavy-duty transportation.

article thumbnail

Amazon invests in electrofuels company Infinium

Green Car Congress

Infinium, an electrofuels solution provider, announced the close of a funding round bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP Ventures, Neuman & Esser, and the Grantham Environmental Trust. —Robert Schuetzle, CEO of Infinium.

Companies 435
article thumbnail

Shipping industry companies launch new zero-carbon shipping research center

Green Car Congress

A group of leading shipping industry companies are taking the next step to develop new fuel types and technologies by launching the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. The founding company partners behind this initiative are ABS, A.P. The Center expects to attract several more partner companies in the future.