article thumbnail

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

Green Car Congress

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.

Chevron 334
article thumbnail

Chile to nationalize lithium industry

Green Car Congress

Chile President Gabriel Boric announced that his government will nationalize the country’s lithium industry, with the objective of increasing wealth for the country, and developing a key industry as a fundamental step to link Chile’s economic development with the change towards a green economy at a global level.

Chile 459
article thumbnail

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

Green Car Congress

Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. Last year, mergers and acquisitions (M&A) deals reached $24.4 mtpa active and upcoming capacity combined.

Hydrogen 473
article thumbnail

Ducker survey of automakers suggests aluminum content surge in EV market; SUVs & pickups to constitute 85% of the BEV market by 2030

Green Car Congress

A new survey of automakers and Tier 1 suppliers conducted by Ducker Carlisle concludes that as electric vehicles continue to enter the mass market, aluminum demand will grow through the end of the decade. Greater collaboration with automakers will bring to life this vision, set forth by the aluminum industry in its 10-year roadmap.

Market 449
article thumbnail

Velodyne Lidar acquires AI software company Bluecity

Green Car Congress

Velodyne Lidar has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company, in an all-stock transaction. According to Yole Intelligence, part of Yole Group, the smart infrastructure market for lidar will grow from $108M in 2021 to $1.1B

San Jose 369
article thumbnail

Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

Green Car Congress

Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies.

Global 199
article thumbnail

Si-dominant Li-ion company Enevate targeting power tool market

Green Car Congress

Enevate, a pioneer in advanced silicon-dominant lithium-ion (Li-ion) battery technology capable of high energy density and fast charging for electric vehicles (EV), is applying its battery solutions to advanced power cells for the power tool market and other high power applications. Benjamin Park, Enevate Founder and Chief Technology Officer.

Li-ion 286