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Saga Pure takes 33% stake in liquid hydrogen storage technology company

Green Car Congress

Norway-based Green inverstment company Saga Pure ASA has committed to subscribe for NOK 30 million (US$3.5 million) in a private placement of new shares in IC Technologies AS (ICT), which is developing a novel storage solution for liquid hydrogen and LNG.

Hydrogen 475
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Vaekstfonden and DEUTZ AG invest €15M in methanol fuel cell company Blue World Technologies

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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.

Companies 446
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Mercedes-Benz acquires electric motor technology company YASA

Green Car Congress

Mercedes-Benz has acquired YASA, a pioneer in next-generation electric drive technology. Founded in 2009, YASA’s proprietary axial-flux electric motor is a step-change from the legacy radial electric motor technology. This acquisition is tremendously exciting because it gives YASA technology the global scale and reach of Mercedes-Benz.

Mercedes 459
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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.

Companies 293
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Faurecia and Accenture partner on products and services for connected and autonomous vehicles

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Nucor investing in start-up company Electra developing zero-carbon iron technology

Green Car Congress

Just as Nucor changed the face of the steel industry 53 years ago with our first electric arc furnace, successfully developing and scaling up a zero-carbon iron product is the type of transformative technology that could change the steel industry as we know it. Existing electric arc furnaces account for 70% of steel production in the US.

Carbon 293
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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. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.

Fusion 250