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Volkswagen Group and SEAT will invest €10B in electrification in Spain given PERTE VEC acceptance

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Last week, the 62 national and international companies and benchmark firms that form the project applied to the Strategic Project for Economic Recovery and Transformation program (in Spanish, PERTE) for the Electric and Connected Vehicle (in Spanish, VEC). This is the biggest industrial investment ever made in Spain.

Spain 150
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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.

Hydrogen 397
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SEAT to introduce 500 km MEB-based EV, Leon PHEV in 2020

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In addition, the brand will remain committed to vehicles powered with compressed natural gas (CNG) as well as internal combustion engines. And in 2020, the new EV will be joined by the first CUV (Crossover Utility Vehicle) in the SEAT model line-up as well as a plug-in hybrid version of the new generation Leon. billion (US$4.1

2020 239
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CLEPA study: EV-only approach would lead to the loss of half a million supplier jobs in the EU

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501,000 auto supplier jobs in Internal Combustion Engine (ICE) powertrain components production are expected to become obsolete if technology is phased-out by 2035 (84% of current ICE jobs). The study is also the first to evaluate the impact of different policy pathways to reach Green Deal objectives with a focus on automotive suppliers.

Europe 199
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Nissan and ENEL announce V2G system, launch smart grid trials in Europe

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In March, Nissan and Endesa, an Enel Group subsidiary, had signed an agreement at the Geneva International Motor Show pledging to work together to deliver a mass-market V2G system and an innovative business model designed to leverage this technology. Earlier post.).

Grid 150
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Air Products provides hydrogen fueling station to Shell in Germany

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The hydrogen used to power the vehicles is produced as a by-product of industrial process and brought to the site in a tanker. The hydrogen stations are to be built in metropolitan regions and along corridors connecting these regions, thereby supporting the initial roll-out of fuel cell vehicles.

Germany 225
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Report: JR Tokai and 11 partners to team on bid for high-speed rail system in Florida

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JR Tokai aims to win an order for a 130 km [81 miles] line connecting the cities of Tampa and Orlando. Mitsubishi Heavy Industries Ltd.;, Sumitomo Metal Industries Ltd.; and the Japan Bank for International Cooperation. The Nikkei reports that Central Japan Railway Co.(JR Nippon Sharyo Ltd.; Toshiba Corp.; Sumitomo Corp.;

Florida 199