article thumbnail

TECO 2030 to set up giga factory for production of hydrogen fuel cells in Narvik, Norway

Green Car Congress

TECO 2030 ASA plans to establish Norway’s first large-scale production of hydrogen-based fuel cells in Narvik in Northern Norway. Through the initiative in Narvik, the company contributes to the Norwegian government’s ambition that Norway should build a complete value chain for the utilization of hydrogen as an energy carrier.

Norway 243
article thumbnail

FREYR Battery announces public offering of 13,500,000 ordinary shares

Green Car Congress

Norway-based FREYR Battery plans to make a public offering of 13,500,000 of its Ordinary Shares, without nominal value, in an underwritten registered public offering. FREYR expects to grant the underwriters a 30-day option to purchase up to 2,025,000 additional Ordinary Shares as part of this offering.

Batteries 199
article thumbnail

Electrolyzer company Hystar raises US$26M to scale up to full commercial operations

Green Car Congress

Hystar AS, a Norway-based electrolyzer company, announced a Series B funding round of US$26 million to support the scale-up to full commercial operations with an automated GW-capacity production line by 2025. The round was co-led by AP Ventures and Mitsubishi Corporation.

article thumbnail

FREYR Battery and Nidec complete formation of joint venture

Green Car Congress

FREYR Battery and Nidec Corporation, a globally leading producer of high-efficiency electric motors and a leader in the energy storage systems (ESS) space, have established a downstream joint venture, now called Nidec Energy AS. The cells exhibited best-in-class performance for thermal stability, indicating robust safety characteristics.

Batteries 150
article thumbnail

Eltek to supply on-board chargers for Volvo Car Corporation plug-in hybrid program

Green Car Congress

Norway-based Eltek has signed an agreement with Volvo Car Corporation regarding deliveries of on-board chargers for a hybrid electrical vehicle program. Under the agreement, Eltek will supply complete water-cooled on-board chargers with volume production starting in 2012. This contract with Volvo Car is an important step.

article thumbnail

FREYR to supply 38 GWh of Li-ion cells to Nidec; forming JV for modules & packs

Green Car Congress

FREYR Battery and Nidec Corporation finalized an expanded 38 GWh battery cell sales agreement from 2025 – 2030. Additionally, the companies have agreed to form a downstream joint venture in which Nidec will hold a super-majority to provide integrated industrial scale ESS solutions to customers globally.

Li-ion 150
article thumbnail

T&E study finds cruise ships emitting 10x more SOx in Europe port cities than all Europe’s 260M cars

Green Car Congress

An in-house study by environmental NGO Transport & Environment (T&E) has found that the luxury cruise brands owned by Carnival Corporation & PLC emitted in 2017 in European seas alone 10 times more SO x than all of Europe’s 260+ million passenger vehicles. million passenger vehicles in a year.

Greece 353