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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.
Global research and consulting firm Frost & Sullivan has recognized Gogoro AS with its 2024 GlobalCompany of the Year Award for its leadership in the electric two-wheeler (E2W) battery-swapping. continued] The post Gogoro Receives 2024 GlobalCompany of the Year Award appeared first on CleanTechnica.
Australian express freight company, Team Global Express, has placed an order for 36 Volvo FL Electric trucks. The 36 units will become a part of Team Global Express Sydney metropolitan pick-up and delivery fleet. Volvo Trucks’ target is that half of its global total sales of new trucks will be electric by 2030.
SK Corp, the holding company of SK Group, has made a strategic investment in Monolith , a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green (via electrolysis using renewable energy) and blue (conversion of methane accompanied by CO 2 capture and storage). Earlier post.).
Norway-based Green inverstment company Saga Pure ASA has committed to subscribe for NOK 30 million (US$3.5 Following the private placement, Saga will have an ownership of approximately 33% in the company. Completion of the private placement is subject to the success of certain near-term company milestones.
StoreDot, a developer of extreme fast charging high energy batteries for electric vehicles, announced that its XFC batteries and systems are now being tested by more than 15 global automotive brand manufacturers, and that it has additional potential manufacturing partnerships in the pipeline for this year.
The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).
Hyundai Motor Company released images of its newly upgraded XCIENT Fuel Cell, the world’s first mass-produced, heavy-duty truck powered by hydrogen. With the launch of the enhanced model, Hyundai plans to accelerate the global roll-out of its heavy-duty fuel cell truck.
The investment will support acceleration of Infinium’s commercial developments globally. SK Trading International (SKTI), a wholly owned subsidiary of SK Innovation, has closed a round of institutional funding into electrofuels developer Infinium. Earlier post.)
General Motors will invest more than $81 million into the company’sGlobal Technical Center in Warren, Michigan, to prepare the campus to build the Cadillac CELESTIQ ( earlier post ). The investment will be used to purchase and install related equipment to hand-build the CELESTIQ and campus renovation work has already begun.
Concurrent with the closing of the round, Till Reuter, former CEO of KUKA, and David Fuller, former CTO of KUKA and current CEO of Artificial, will join the company as independent board directors. Supply chain efficiency and resiliency are top of mind for many companies today.
Xiaomi sales have been absolutely stunning in 2024, but the company’s CEO, chairman, and founder wants to go far beyond this and make Xiaomi the 5th largest automaker in the world! In its first 9 months, the company sold a stunning 130,000 electric vehicles. Can it increase that many times.
Vaekstfonden, the Danish Growth Fund, and the German engine manufacturer DEUTZ AG, are investing €15 million in methanol fuel cell company Blue World Technologies. The aim is to bring the company’s green fuel cell products and solutions to the global market. million in the company.
Joint ventures between automakers and battery companies have been central to this growth. In 2031, China is set to have almost 4,500 GWh of gigafactory capacity, representing 70% of global capacity. Europe has increased its pipeline by eight gigafactories over the same period.
Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Steel is one of the main sources of CO 2 emissions in our supply chain.
eFuels company HIF Global ( earlier post ) and Siemens Energy reached an agreement under which Siemens Energy will supply electrolyzers to the HIF Matagorda eFuels Facility. We face a time of incredible expansion in hydrogen production amid global supply chain challenges.
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.
ArcelorMittal published a concept for a low-carbon emissions steel standard to help incentivize the decarbonization of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel.
Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. This transaction also offers TMC shareholders exposure to a royalty company that I am confident under Brian’s leadership will become a market leader.
The Metals Company (TMC) announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., The Metals Company (TMC) announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., Ongoing testing of Pilot Collection System before planned upgrade to Project Zero System. Source: TMC.
After launching its first electric SUV, the Gravity, the company plans to double production this year. According to Lucids interim CEO, Marc Winterhoff, the EV maker will enter new global markets this year, including parts of Europe and the Middle East. Lucid (LCID) is gearing up for big growth this year.
Tesla’s push for the new Model Y’s global dominance has officially started. As per recent reports, the production of Tesla’s new Model Y is starting across the company’s factories. The post The new Tesla Model Y push for global dominance officially begins appeared first on TESLARATI.
Neuralink opened its patient registry to people globally, broadening access to its brain-computer interface trials. The Neuralink Patient Registry is now open globally! The Neuralink Patient Registry is now open globally! The post Neuralinks Patient Registry is now open globally appeared first on TESLARATI.
Octillion Power Systems, a global provider of advanced lithium-ion batteries, has moved to a new US headquarters in Richmond, California. The company’s North and South American operations will be based there. The company has operations in 16 locations in Asia, Europe and North America with a global workforce of more than 400 employees.
GUANGZHOU XPENG, a leading high-tech smart mobility company, has announced the global rollout of its latest over-the-air (OTA) software update, XOS 5.6. This latest upgrade builds on XPENGs legacy of intelligent driving innovation, delivering enhanced safety, personalized experiences, and critical optimizations for global users.
Since its foundation in 2001, Yadea has achieved major milestones, including being listed on the Hong Kong Exchanges and Clearing Limited in 2016, and selling 10 million units globally in 2020, to grow rapidly by capturing needs for vehicle electrification. ???01(Huan 01(Huan Dian Shou 01)’s rear wheel.
While it may be true that BYD has usurped Tesla to sell more electric vehicles or generate more revenue, the idea that either is the largest EV seller in the world completely ignores a company that sells more EVs each year than both Tesla and BYD combined. Those EVs just have half the wheels.
Starlink-somalia-expansion-worldwide Starlink launched in Somalia with government approval, expanding its global reach despite some Elon Musk backlash. Over the weekend, Elon Musk announced that SpaceXs Starlink internet service went live in Somalia after a Somalian government official confirmed the company secured an operating license.
BYD and Uzavtosanoat JSC (UzAuto) signed an agreement to establish a joint venture company producing new energy vehicles (NEVs). The new joint venture company, which will manufacture best-selling NEVs including the DM-i super hybrid models and related parts, is anticipated to be based in Uzbekistan.
Niron Magnetics , a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 Niron says that its technology delivers magnets that are less expensive, more sustainable, globally available, and made from abundant input materials not subject to supply constraints or price instability.
A joint industry partnership to commercialize clean, gold hydrogen, the program’s founding members include synthetic biology company Cemvita Factory (innovator in low-carbon microbial solutions for energy and mining resource extraction, production, and renewal); and Chart Industries, Inc. (a a leader in clean energy solutions).
is a Vancouver-based company focused on electric vehicle lithium-ion battery materials. A&P is a public company listed on the KOSPI, the main board of the Korea Exchange. Both parties have also agreed to take advantage of the network of A&P’s related companies, YSP and Yongsan, to strengthen NEO’s global business network.
The technology company plans to acquire assets of the US chipmaker TSI Semiconductors, based in Roseville, California. With a workforce of 250, the company is a foundry for application-specific integrated circuits, or ASICs. Above all, the global ramp-up of electromobility is resulting in huge demand for such special semiconductors.
CF Fertilisers, one of the largest global producers of ammonia and ammonia-based fertilizers ?products, Mitsubishi Chemical Corporation, a leading global manufacturer of chemical products, to scope ? These companies are seeking to decarbonize existing operations in Teesside by switching fuel from ?natural
StoreDot, the developer of extreme fast charging (XFC) battery technology for electric vehicles, reports being the first company to test silicon-dominant cells for more than 1000 cycles. I’m hugely proud of our recent achievement. I’m hugely proud of our recent achievement.
In January, AutoX launched a commercial robotaxi system in Shenzhen, China, becoming one of the first autonomous driving companies in the world to provide full self-driving mobility services with no safety driver behind the wheel. The Gen5 system is the next step in its global rollout of safer, more efficient autonomous transportation.
Baker Hughes’ NovaLT12 turbines can burn up to 30% hydrogen in dry low emission (DLN) mode; the company is moving toward 100% H 2 capability. Snam has the most extensive transmission network among European peers (more than 41,000 km globally) and the largest natural gas storage capacity (ca. 20 billion cubic meters globally).
Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Global consumption of lithium in 2021 was estimated to be 93,000 tons, a 33% increase from 70,000 tons in 2020. Lithium is expected to trade at 484,185.00
ABB and Canada-based Hydrogen Optimized have signed an agreement to expand the companies’ existing strategic relationship. KEY), the parent company of HOI, as they seek to accelerate the fast-emerging green hydrogen production segment with unique large-scale architecture. This includes an investment by ABB into Key DH Technologies Inc.
a designer and manufacturer of electrolyzers, recently signed a memorandum of understanding (MoU) with Black & Veatch, a global engineering, procurement, consulting and construction company, to offer a complete and integrated solution for producing large-scale green hydrogen for industrial customers. Next Hydrogen Solutions Inc.,
Bluejay Mining , an exploration and development company with projects in Greenland and Finland, announced a joint venture agreement with KoBold Metals , a mineral exploration company that uses machine learning to guide exploration for new deposits rich in the critical materials for electric vehicles. —Kurt House, CEO of KoBold.
The company is developing systems capable of producing 5,000 kg, 10,000 kg and 30,000 kg of hydrogen per day. BayoTech is committed to addressing the global need for consistent, cost-effective, low-carbon supply of hydrogen.
The global market for lithium-ion battery separators was an estimated $5.1 Optodot licensed its 1 st Generation boehmite ceramic battery patents to LG Chem in 2016; Optodot is also a portfolio company of LG Technology Ventures. —George Palikaras, President and CEO META. billion in 2021 and is projected to reach $9.0
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