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Both firms say the papers demonstrate that their machines can deliver commercial fusion energy. Type One Energy is working with the Tennessee Valley Authority to build a commercial stellarator by the mid-2030s. The company claims Alpha will be the first stellarator to demonstrate net energy production in a steady state.
We’re thankful that the Senate Finance committee chose to omit this penalty fee for the millions of Americans that already pay steep state EV-specific state registration fees.
The team’s use of permanent magnets may not be the ticket to producing commercial-scale energy, but PPPL’s accelerated design-build-test strategy could crank out new insights on plasma behavior that could push the field forward more rapidly. The Muse project was financed by internal R&D funds and used mostly off-the-shelf components.
Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.
million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
million seed round to support the commercialization of a new next-generation polymeric hydrogen separation membrane. Hydrogen production is also a major emitter of CO 2 , generating approximately 1000 million tons or more than 2% of global O 2 emissions. and many other production facilities. Start-up DiviGas has announced a $3.6-million
million in new financing. Niron will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet technology. Niron is developing the first advanced manufacturing process for the mass production of the FeN permanent magnets.
Ford unveiled the all-electric 2022 F-150 Lightning Pro, a version of the electric F-150 Lightning ( earlier post ) targeted at commercial customers. The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing.
PACCAR and Aurora have signed a global, strategic agreement to develop, test and commercialize autonomous Peterbilt and Kenworth trucks. In the strategic partnership, PACCAR provides autonomous-enabled vehicles as well as aftermarket parts distribution, finance and other transportation solutions.
Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. Hyundai believes China has a massive potential for hydrogen powered commercial vehicles. —In Cheol Lee, Executive Vice President and Head of Commercial Vehicle Division at Hyundai Motor.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Audi, along with ETOGAS, is building the first commercial-scale demonstration plant (6.3 Financing Project VGV: the Green Redemption Fund.
The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. This function is often vertically integrated with hydrogen production.
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 million AUD (US$30 million).
Allison brings more than 100 years of experience in building reliable and valued propulsion solutions, including two decades of electrified propulsion systems development and commercialization. Together, the companies will further define product portfolio scope, manufacturing locations and supporting resources to be provided by each party.
Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. Earlier post.). Today, these magnets rely on rare earth elements. Today, these magnets rely on rare earth elements.
The team has also demonstrated that the process can be scaled up for commercial application. This figure shows the principles behind the new ceramic membrane used in the production of hydrogen. The end product is compressed hydrogen with a high degree of purity. It also has CO 2 as a by-product.
The green hydrogen for the flight will be supplied using Universal Hydrogen’s modular fuel capsules that enable the delivery of hydrogen from the point of production directly to the aircraft using the existing freight network and airport cargo handling equipment without the need for any new infrastructure.
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.
Funds from the strategic financing will be used to further accelerate the company’s product development activities, project deployments, and growth plans as the Company expands its technical leadership in medium and heavy-duty hydrogen fuel cell bus and trucking applications.
MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.
The new stufy combines analysis of investment opportunities focusing on three hubs: Mauritania - Morocco; southern Africa; and Egypt with a roadmap of technical, economic, environmental and financial solutions to unlock commercial development. The report was formally handed over to partners on 20 December.
The estimated production capacity of the new plant is around 170,000 tonnes of nickel sulfate and about 7,400 tonnes of cobalt sulfate per year. As a by-product, the plant would produce ammonium sulfate with a production capacity of 115,000 tonnes per year. —Janne Palosaari, Chief Commercial Officer.
Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. The new funds will be used to scale-up manufacturing of a next-generation silicon-carbon composite anode material and advance into commercialproduction.
Following on the heels of the all-electric E-Transit that began production in March this year—the first of four further all-electric commercial vehicles Ford Pro will introduce by 2024—the E-Transit Custom is designed to set a new benchmark in Europe’s one-tonne van segment. Ford, SK On Co., Earlier post.).
OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.
Cornish Lithium expects to benefit from TechMet’s deep knowledge of the battery metals supply chain and extensive commercial and strategic relationships. In addition, the Company will explore opportunities to generate complimentary commercial heat supplies in order to provide local businesses with low carbon energy.
In an open access paper published in Nature Communications , researchers from the University of Wollongong in Australia report that their capillary-fed electrolysis cell demonstrates water electrolysis performance exceeding commercial electrolysis cells, with a cell voltage at 0.5 kWh/kg in commercial electrolysis cells).
IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 Most commercial vehicle factories in mainland China have returned to production. million units, in the wake of the COVID-19 pandemic.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). The ARENA round is a $70-million grant program aiming to demonstrate the technical and commercial viability of hydrogen production at a large-scale using electrolysis. Source: CEFC.
Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. More than 36% of its production-related staff are currently out with the virus or quarantined awaiting results. Workhorse Group Inc.
The financing round will enable the company to scale from the batch processing of materials to commercial roll-to-roll production. Using this fundraise, NFW will scale its production to full commercial capacity and capitalize on its existing momentum to bring its alternative material to the market.
During a press conference at NTEA Work Truck Week, Hino Trucks announced an expansion of its product range to include electric vehicles. Hino Trucks will begin production of these new vehicles integrating SEA Electric ’s SEA-Drive power system.
The joint venture is equally owned by the two partners and is chaired by David Holderbach, with more than 20 years of experience in strategic, product and international sales at the Renault Group. The products will be sold throughout Europe. A range of financing options and maintenance services will also be offered.
Northvolt’s mission is to enable the future of energy by developing battery products across multiple industries. The partnership with Mälarenergi represents our first commercial deployment, showcasing how batteries can be a part of the solution of the future grid. —Emad Zand, President Energy Solutions, Northvolt.
Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 billion, including assumed debt and net of acquired cash.
Its innovative service models offer subscription solutions such as software-as-a-service and fully financed charging-as-a-service. InCharge Energy’s innovative service models offer subscription solutions such as software-as-a-service and fully financed charging-as-a-service.
DuMont was a pioneer of commercial television in the United States. Alas, neither version ever went into mainstream production. The company produced cathode ray oscilloscopes, which helped finance his experiments with television. Dad always won, and his choice was rarely mine. The DuMont Duoscopic Was 2 TVs in 1 Allen B.
The deal is the largest commercial order to date for Volvo electric trucks, and one of the largest yet for heavy electric trucks worldwide. DFDS has chosen a financing solution provided by Volvo Financial Services. Volvo Trucks started serial production of electric trucks in 2019, as one of the very first truck brands to do so.
The CO 2 released during the hydrogen production is captured and can be stored or possibly used as a raw material by industry in the future. FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS). This corresponds to half of the annual domestic gas consumption in Limburg.
This project will expand Anovion’s existing manufacturing capacity in Sanborn, NY—notably the only qualified US source of battery-grade synthetic graphite commercially shipping product today. Materials Separation & Processing (Cathode Minerals). Albemarle US , Kings Mountain Lithium Materials Processing Plant, $149,658,312.
Gevo announced a new fuel sales agreement with American Airlines for the sale of 100 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. Gevo’s delivery of SAF under this agreement is expected to begin in 2026. Gevo estimates that the agreement should generate approximately $2.75
BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. The option of letting consumers finance the chargers will ultimately fall into the hands of dealers and manufacturers, the company said. With the nationwide EV outlook expected to reach 26.4
Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). The combined entity will trade on the NASDAQ exchange under the ticker symbol “RIDE.”.
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