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TECO 2030 to set up giga factory for production of hydrogen fuel cells in Narvik, Norway

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TECO 2030 ASA plans to establish Norway’s first large-scale production of hydrogen-based fuel cells in Narvik in Northern Norway. Through the initiative in Narvik, the company contributes to the Norwegian government’s ambition that Norway should build a complete value chain for the utilization of hydrogen as an energy carrier.

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

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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. The round was co-led by AP Ventures and Mitsubishi Corporation.

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Nikola orders enough electrolysis equipment from Nel to produce 40,000 kg of hydrogen per day

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Nikola Corporation, which is making its public-trading debut on the NASDAQ today (NKLA), signed a purchase order with Nel ASA for 85-megawatt alkaline electrolyzers to support five of the world’s first 8-tonne-per-day hydrogen fueling stations. Together, these electrolyzers may produce more than 40,000 kgs of hydrogen each day.

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Volvo Car Corporation begins production of the Volvo C30 Electric for leasing customers in Europe

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The Volvo Car Corporation has begun production of the C30 Electric ( earlier post ); initial deliveries to leasing customers, mainly companies, authorities and governmental bodies, will take place immediately after the summer. Volvo says it will build about 250 cars by the end of 2012, possibly more if market interest takes off.

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China EV maker XPeng inks strategic cooperation agreement with banks for $2B credit facilities

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China-based EV company XPeng signed a strategic cooperation agreement with leading domestic banks at a signing ceremony held in Guangzhou, China, pursuant to which it will secure a credit line of RMB12.8 These facilities will help Xpeng optimize the efficiency of its cash management, cost control and other corporate functions.

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FREYR to supply 38 GWh of Li-ion cells to Nidec; forming JV for modules & packs

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FREYR Battery and Nidec Corporation finalized an expanded 38 GWh battery cell sales agreement from 2025 – 2030. Additionally, the companies have agreed to form a downstream joint venture in which Nidec will hold a super-majority to provide integrated industrial scale ESS solutions to customers globally.

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Volvo Car Corporation developing new safety systems with autonomous driving support

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Having said that, close cooperation with the relevant public authorities, insurance companies and other car manufacturers is also vital for achieving the vision of an accident-free traffic environment. The development team from Volvo Car Corporation digitally log film sequences of animals, such as moose, red deer, fallow deer and horses.

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