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

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Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. And amongst others, it also offers already today a practical and viable solution to decarbonize the heavy-duty commercial vehicle sector providing excellent drive range, payloads and refueling time on our trucks.

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ABI Research projects worldwide commercial EV market to surpass US$680B by 2027

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According to global technology intelligence firm ABI Research, the worldwide commercial Electric Vehicle (EV) market is projected to grow from US$30.7 This market valuation refers to the total industry-wide global revenues derived from all commercials EVs sold yearly. billion in 2020 to more than US$682 billion by 2030.

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Gevo signs definitive supply agreement with HCS Holding for commercial supply of renewable isooctane

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has entered into a definitive supply agreement with HCS Holding GmbH (HCS) to supply renewable isooctane ( earlier post ) under a five-year offtake agreement. The Supply Agreement has two phases: In the first phase, HCS will purchase isooctane produced at Gevo’s demonstration hydrocarbon plant located in Silsbee, Texas.

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IDTechEx forecasts second-life EV battery market to reach US$7B by 2033

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IDTechEx forecasts that the second-life EV battery market will reach US$7B in value by 2033. The second-life EV battery market adds value to future energy infrastructure, creates a circular economy for electric vehicle (EV) batteries, and provides a lower levelized cost of storage compared to new batteries.

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IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

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Demand outlooks and supply vulnerabilities vary widely by mineral, but the energy sector’s overall needs for critical minerals could increase by as much as six times by 2040, depending on how rapidly governments act to reduce emissions. Ensure adequate investment in diversified sources of new supply. Source: IEA. Source: IEA.

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DOE awards $125M to bring clean energy technologies to market

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million to 53 projects by 51 small businesses and entrepreneurs with phase II funding based on the initial success of their phase I awards, including follow-on awards to support projects closer to market. Low Total Cost of Hydrogen by Exploiting Offshore Wind and PEM Electrolysis Synergies. million); Fossil Energy (US$14.7 Terves, Inc.

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Toyota will invest $14.3B in development of a battery supply system and research and development by 2030

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billion) in the development of a battery supply system and research and development by 2030. million HEVs sold to date are equivalent to the CO 2 reduction effect of introducing to the market about 5.5 For lithium-ion batteries for PHEVs and BEVs, Toyota is working to improve both cost and endurance. trillion (US$14.3