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Loop Energy partnering with METTEM-M on hydrogen electric powertrains for commercial vehicles in Russia; GAZ bus first project

Green Car Congress

a developer of vehicle control systems and systems integrator, to provide hydrogen electric powertrain solutions to commercial vehicle OEMs across Russia, the Commonwealth of Independent States (CIS), and greater Europe. Loop Energy, a developer and manufacturer of hydrogen fuel cell-based solutions, is partnering with METTEM-M Ltd. ,

Russia 418
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Ford suspending JV operations in Russia

Green Car Congress

Ford announced that it is suspending JV operations in Russia, effective immediately, until further notice. In recent years, Ford has significantly wound down its Russian operations, which now focus exclusively on commercial van manufacturing and Russian sales through a minority interest in the Sollers Ford joint venture.

Russia 283
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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.

Russia 458
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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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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 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

2020 191
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. advancing or delaying the time of electricity dispatch.

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Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles

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The partnership with Arrival will help Hyundai and Kia meet the rapidly growing demand in Europe for eco-friendly commercial vehicles, and accelerate the brands’ transformation from car makers to clean-mobility providers. Founded in 2015, Arrival has production plants and R&D centers in the US, Germany, Tel Aviv, Russia and the UK.

Kia 259
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GlobalData: China to overtake US in nuclear capacity by 2026

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According to GlobalData, more than 160GW of fresh nuclear capacity will be added globally between 2020-2030 out of which about 66% of this capacity addition is anticipated to take place in China, India and Russia. Here again, China (34%), India (17%) and Russia (12%) hold over 63% of the planned projects. —Somik Das.

China 334