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POSCO Chemical, GM in large-scale CAM supply agreement to support EV growth

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recently announced a binding agreement for a large-scale supply of Cathode Active Material (CAM) to help GM meet its fast-growing EV production needs. CAM is a key battery material consisting of components like processed nickel, lithium and other materials representing about 40% of the cost of a battery cell.

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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

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S&P Global: looming shortfalls in copper supply will short-circuit net-zero goals absent significant new supply

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The challenge of meeting Net-Zero Emissions by 2050 “will be short-circuited and remain out of reach” unless significant new copper supply comes online in a timely way, according to a new study by S&P Global that examines the growing mismatch between available copper supply and future demand resulting from the energy transition.

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Hyundai Motor to expand XCIENT fuel cell truck entry into US market

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Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. With the US government’s significant investment and more players entering the hydrogen market, the total cost of ownership (TCO) for fuel cell electric vehicles will drop significantly in the coming years, Hyundai says.

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IDTechEx: EV market doubles down on permanent magnets despite material costs

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While some automakers have alternative motor technologies that don’t rely on rare earths, the market has not shifted in this direction significantly. To date, the three main categories used in the electric car market are permanent magnet motors, induction motors, and wound rotor motors. At peak 2022, neodymium price was 3.8x

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Aemetis India Plant to supply $41M of biodiesel in two-month period to OMCs and India oil refiners

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Aemetis announced that its Universal Biofuels subsidiary in India, owner and operator of a biodiesel plant located near the Port of Kakinada on India’s east coast, was selected by the three government-controlled oil marketing companies (OMCs) and a major oil refiner to supply approximately 8,000,000 gallons of biodiesel over the next two months.

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NREL, INL team assesses levelized cost of light-duty EV charging in US in 2019

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A team from the National Renewable Energy Laboratory (NREL) and the Idaho National Laboratory has produced a detailed assessment of the current levelized cost of light-duty electric-vehicle charging (LCOC) in the United States, considering when, where, and how EVs are charged. kWh); however, costs vary considerably (e.g., from $0.08/kWh

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