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PEM electrolyzer company Ohmium closes $45M Series B; quadrupling manufacturing capacity

Green Car Congress

PEM electrolyzer company Ohmium International closed a $45-million Series B financing round. The funds will support Ohmium’s rapid growth plan to quadruple hydrogen manufacturing capacity from 500 MW annually to approximately two GW annually by the end of 2022. We can no longer tie our economies to unreliable fossil fuels.

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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

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Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.

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Asahi Kasei to present diversified material solutions for EV batteries and circular economy at Fakuma 2023

Green Car Congress

Japanese technology company Asahi Kasei will showcase diversified material solutions for safe and compact EV batteries, improved connectivity and lightweighting, as well as circular economy at Fakuma , the world’s leading trade event for industrial plastics processing, from 17 - 21 October 2023 in Friedrichshafen, Germany.

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Cummins investing more than $1B in US engine manufacturing network

Green Car Congress

In addition to recent investments in Fridley, Cummins is investing more than $1 billion across its US engine manufacturing network in Indiana, North Carolina and New York. Over half of all medium- and heavy-duty trucks on the road in the US today use Cummins engines, the company said. The Cummins Power Systems factory is a 1.1

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Using blockchain traceability to build a circular battery economy

Green Car Congress

That’s why Polestar set itself three climate targets: to become climate neutral company by 2040; to halve emissions per sold car by 2030 compared to 2022; and create a climate neutral car by 2030. Our companies have been working together for a few years now and that work started with Circulor tracking cobalt for the Polestar 2.

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Chemours to enter JV with BWT for Nafion-based heavy-duty fuel cell membrane manufacturing

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The Chemours Company, a global chemistry company, plans to enter into a joint venture with BWT FUMATECH Mobility GmbH, an established player in multiple hydrogen markets, focused on fuel cell membrane manufacturing. Completion of the transaction is subject to customary regulatory approvals. Located in Germany, THE Mobility F.C.

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Russia ponders using EV subsidies to boost the economy and surge local manufacturing

Teslarati

Russia’s Economy Ministry said earlier today that it has plans to utilize subsidy programs to boost the manufacturing and purchase of locally-built electric vehicles. Wuling and Tesla share the domination since Elon Musk’s company entered the market in early 2020. The incentive program could start as early as 2022.

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