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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. On the other hand, venture finance deal values also grew from $595.23 Last year, mergers and acquisitions (M&A) deals reached $24.4

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Direct lithium extraction company EnergyX secures $20M in funding commitments

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Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. EnergyX) has secured commitments of $20 million in financing. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. Earlier post.) tons by 2040.

Companies 448
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BNEF: global investment in low-carbon energy transition hit $755B in 2021; up 27% from 2020; electrified transport grew the fastest

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In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming.

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The Metals Company and Low Carbon Royalties form strategic partnership

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Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0%

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Harley-Davidson to spin-out LiveWire electric motorcycle division as public company via SPAC; $545M in proceeds

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ABIC), a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement under which ABIC will combine with LiveWire, Harley-Davidson’s electric motorcycle division ( earlier post ), to create a new publicly traded company. Harley-Davidson and AEA-Bridges Impact Corp. billion at closing.

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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. Battery investment in the US and China continued to grow, and European companies have already signalled expansion in America.

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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

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In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87

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