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New “50 by 50” Commission seeks to halve US transportation energy use by 2050

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The Alliance to Save Energy has chartered a national commission of business, government and civil society leaders that will work together to develop a pathway and recommendations to reduce energy use in the US transportation sector by 50% by 2050 while meeting future mobility needs. We’re at a fascinating time in the transportation industry.

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Japanese demonstration project begins for commercialization of vessels equipped with high-power fuel cells

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NYK Line, Toshiba Energy Systems & Solutions Corporation, Kawasaki Heavy Industries Ltd., Project management, ship design and legal compliance. Toshiba Energy Systems & Solutions Corporation. ENEOS Corporation. Implementation of high-power FC system on vessels and development of operation technology.

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French battery start-up Verkor raises €100 million

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Also participating in the funding round were EIT InnoEnergy, Groupe IDEC, Schneider Electric, Capgemini, Arkema, Tokai COBEX and the Fund for Ecologic Modernisation of Transport (FMET) managed by Demeter. Earlier post.). Verkor will deliver battery cell manufacturing capacity of 16 GWh in 2024, scaling to +50 GWh by 2030.

Batteries 321
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Nikola executes reverse merger with VectoIQ; now to be listed on NASDAQ; BEV and FCEV trucks

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Nikola Corporation, a designer and developer of BEV and FCEV Class 8 trucks is executing a reverse merger with VectoIQ Acquisition Corp. to create a company focused on the development of next generation smart transportation. VectoIQ Acquisition Corp. The transaction reflects an implied enterprise value at closing of $3.3

Legal 397
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Hyliion and Tortoise Acquisition to merge, combined company to remain listed on NYSE

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NYSE: SHLL), a publicly traded special purpose acquisition company with a strategic focus on the energy sector and decarbonizing commercial transportation in North America. Thomas Healy, CEO and founder of Hyliion, will continue as CEO of the combined company, overseeing the implementation of Hyliion’s corporate strategy.

Companies 220
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Zhejiang Methanol Hydrogen and Element 1 partner to deliver hydrogen generation technology to Greater China

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Element 1 Corporation (e1NA), Zhejiang Methanol Hydrogen Technology (ZMHT) and Zhejiang Element 1 (e1China) have formed a joint venture company—Zhejiang Hydrogen One Energy Technology Co., —Zhu Foqing, an industry expert in China’s energy field and legal representative of ZMHT.

Hydrogen 418
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TRATON GROUP, Daimler Truck and Volvo Group kick off European charging infrastructure JV

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The new joint venture, with Anja van Niersen as appointed CEO, is expected to have a significant role in supporting the European Union’s Green Deal for carbon-neutral freight transportation by 2050. It will be a self-standing legal entity, operating under its own corporate identity and based in Amsterdam, Netherlands.

Volvo 150