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Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

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TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. The path to Power Solutions began with TAE solving a power problem for fusion. Background.

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DOE awarding $46M to 8 companies to support commercial fusion energy development

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The US Department of Energy (DOE) announced $46 million in funding ( DE-FOA-0002809 ) to eight companies advancing designs and research and development for fusion power plants. Commercial fusion power on a decadal timescale with the compact, high-field ARC power plant. Focused Energy Inc. Tokamak Energy Inc.

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Breakthrough Energy Ventures backs methanol fuel cell company Blue World Technologies

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Blue World Technologies announced that the Bill Gates-founded Breakthrough Energy Ventures (BEV) entered as an investor in Blue World Technologies alongside Vaekstfonden (The Sovereign Investment Fund of Denmark), DEUTZ AG, and existing investors who invested back in December 2021 to complete the company’s €37-million series B round.

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Havyard establishes company for hydrogen power for ships

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For several years now, the Norway-based marine and maritime technology company Havyard Group has carried out research and development work on hydrogen propulsion for large vessels, for example through the Pilot E project, in order to develop a large-scale maritime hydrogen project. We are seeing increasing interest in the market for hydrogen.

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Chevron New Energies, Crowley invest in marine hydrogen tech company Zero Emission Industries

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Zero Emission Industries (ZEI), a hydrogen technology company for maritime, announced the first close of its Series A funding round. The round is led by Chevron New Energies with additional investment from US-based shipping and logistics company Crowley.

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Shearwater Energy developing SMR wind-hybrid energy project; selects NuScale Power

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Shearwater Energy Ltd., a United Kingdom-based hybrid clean energy company, is developing a wind-SMR (Small Modular Reactor) and hydrogen production hybrid energy project in North Wales. Power, LLC to provide the clean, base load and load-following energy for the proposed hybrid energy project.

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Hyundai Motor to use solar energy to power Georgia Metaplant

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Hyundai Motor will use solar energy to power its Georgia Metaplant, which is still under construction. South Korean automaker Hyundai Motor Group signed a 15-year power agreement with Spain’s Matrix Renewables to power the electric vehicle (EV) plant. The agreement will run from 2025 through 2040.

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