article thumbnail

Germany and Namibia form partnership for green hydrogen

Green Car Congress

Kandjoze of Namibia’s National Planning Commission agreed to establish a hydrogen partnership between Germany and Namibia and signed a Joint Communiqué of Intent (JCoI). The global race for the best hydrogen technologies and the best sites for hydrogen production is already on. This is almost twice as much as Germany has to offer.

Namibia 337
article thumbnail

Australian-German business coalition releases roadmap for large-scale green hydrogen import to Germany

Green Car Congress

A group of leading German companies along with Australia’s Fortescue Future Industries (FFI) has released a green hydrogen roadmap, outlining a set of recommendations for government and industry, to meet the ambitious target of importing large amounts of green hydrogen from Australia to Germany.

Germany 305
article thumbnail

Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

Green Car Congress

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

Li-ion 239
article thumbnail

BYD slashes EV prices in Germany as it looks to push past Tesla, EU automakers

Baua Electric

BYD is significantly lowering EV prices in Germany to extend its global lead. BYD cuts EV prices in Germany in overseas expansion After overtaking Tesla in EV sales in the last three months of 2023, BYD aims to extend its lead in key markets. Most recently, BYD cut prices in Germany, Volkswagen, BMW, and Porsche’s home turf.

BYD 52
article thumbnail

BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

Green Car Congress

Global cumulative energy storage installations. BNEF’s Energy Storage Outlook 2019 predicts a further halving of lithium-ion battery costs per kilowatt-hour by 2030, as demand takes off in two different markets: stationary storage and electric vehicles. Source: BloombergNEF.

article thumbnail

Siemens Energy secures 50 MW electrolyzer order from European Energy for first large-scale eMethanol project

Green Car Congress

Through the nearby 300 MW solar park of Kassø, developed by European Energy, the project will have access to the low-cost renewable electricity needed to produce cost-effective e-Fuel. The global shipping consumes around 3,050 terawatt hours (TWh) of the worldwide final energy consumption.

Energy 370
article thumbnail

Leclanché and Narada Power sign strategic global alliance for Li-ion technology

Green Car Congress

Swiss battery manufacturer Leclanché SA ( earlier post ) and China-based Zhejiang Narada Power Source Co Ltd, a global battery manufacturer, announced a strategic partnership for the manufacturing and development of lithium-ion battery technology for the Chinese and global markets. GWh fabrication facility in 2017.

Li-ion 150