Remove Definition Remove Financing Remove Global Remove Industrial
article thumbnail

BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

An estimated 387GW/1,143GWh of new energy storage capacity will be added globally from 2022 to 2030, according to the forecast—more than Japan’s entire power generation capacity in 2020. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

article thumbnail

Cummins to acquire Meritor in $3.7B deal

Green Car Congress

Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Meritor is an industry leader in axle and brake technology. —Tom Linebarger, Chairman and CEO, Cummins.

article thumbnail

Ideanomics to acquire wireless charging provider WAVE

Green Car Congress

Ideanomics signed a definitive agreement to acquire 100% of privately held Wireless Advanced Vehicle Electrification, Inc. WAVE complements our Medici Motor Works and Treeletrik businesses, and our investment in Solectrac, and is aligned with our MEG division’s Sales to Financing to Charging (S2F2C) model.

Charging 170
article thumbnail

PGM leader Sibanye-Stillwater enters battery metals sector through a partnership with and investment in lithium miner Keliber

Green Car Congress

Finland represents an attractive low risk mining jurisdiction (top five jurisdiction in the Fraser Institute) and has developed a National Battery Strategy that outlines the objectives for the country to become a competitive, competent and sustainable player in the international battery industry.

Finland 243
article thumbnail

Panasonic Energy and NMG sign non-binding MoU for anode material

Green Car Congress

While there can be no assurance that a final offtake agreement with Panasonic Energy will be completed, NMG and Panasonic Energy will work together in the upcoming months to establish a definitive offtake agreement.

NMG 199
article thumbnail

Ballard and HDF Energy sign development agreement for multi-megawatt fuel cell systems

Green Car Congress

Second, after HDF Energy incorporates these systems into their Renewstable power plant in an initial project, we plan to proceed with a technology transfer program to enable HDF Energy to assemble these fuel cell systems for global market sales of their Renewstable power plants. —Kevin Colbow, Ballard Chief Technology Officer.

Energy 195
article thumbnail

Glencore and Li-Cycle to study developing recycling hub to be largest source of recycled battery-grade lithium, nickel and cobalt in Europe

Green Car Congress

an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, signed a Letter of Intent to jointly study the feasibility of, and later, develop a Hub facility in Portovesme, Italy. The DFS is expected to be completed by mid-2024.

Li-ion 186