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Chile President Gabriel Boric announced that his government will nationalize the country’s lithium industry, with the objective of increasing wealth for the country, and developing a key industry as a fundamental step to link Chile’s economic development with the change towards a green economy at a global level.
Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. mtpa active and upcoming capacity combined.
The rapidly growing space industry may have a greater climate effect than the aviation industry and undo repair to the protective ozone layer if left unregulated, according to a new study led by UCL and published in the journal Earth’s Future as an open-access paper. The space industry is one of the world’s fastest growing sectors.
Nuvera Fuel Cells, LLC, a provider of fuel cell power solutions for motive applications, is teaming with DD DANNAR, LLC (DANNAR) on an integration project to develop hydrogen fuel cell power solutions to markets in need of clean power options that may include municipalities, fleets, military applications, agriculture and mining.
SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In partnership with pioneers like SafeAI and Obayashi Corporation, we can imagine a more sustainable future for these industries.
This relationship builds on a previously signed development agreement between Chart and Nikola to work together to develop innovative solutions for the hydrogen electric vehicle market.
In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.
A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East. —study co-author Olivia Williams.
As the transition to electric vehicles accelerates in several markets around the world, countries where the auto industry contributes significantly to their local economies need to accelerate their EV production to safeguard the future of their industries. An example of a country where the auto industry is a key pillar.
Magna continues its growth in electrification with secondary eDrive systems hitting the market in Asia, Europe and North America on Volkswagen’s MEB platform. HME is the global supplier of secondary eDrives for Volkswagen’s all-wheel drive MEB models with power greater than 185 kW. The HASCO Magna Electric Drive Systems Co.,
New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. The international trucking industry is undergoing a transformation towards more sustainable transport as sales of heavy battery electric trucks are starting to pick up, with Europe in the lead.
The lithium industry needs to invest $116 billion by 2030 if the world is to meet the ambitions targets set by governments and the largest automakers, according to a Benchmark analysis. They don’t want to flood the market with lithium too quickly. Globally, Benchmark’s Lithium ion Battery Database forecasts that 43.7%
A study led by Norwegian climate center CICERO has found that the global warming effect of leaked hydrogen is almost 12 times stronger than that of CO 2. Rather, it is the leaking of hydrogen from production, transportation and usage that adds to global warming. A global warming potential of 11.6 Skeie, R.B., Sandstad, M.
A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media auggests that concerns over EV battery supply to meet the escalation in demand poses serious risk to the growth of market share of electric vehicles, despite plans for 80 new global battery gigafactories.
During Tesla’s Investor Day held in March, Elon Musk touched on Tesla’s Master Plan Part 3, which outlines a proposed path to reach a sustainable global energy economy through end-use electrification and sustainable electricity generation and storage. Earlier post.)
Cummins and Canada-based Buhler Industries , a leading tractor manufacturer under the Versatile brand, signed a letter of intent for plans to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market. Cummins M15H.
ArcelorMittal published a concept for a low-carbon emissions steel standard to help incentivize the decarbonization of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel. Dual scoring system.
The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6
Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Over the coming years, Boston Metal plans to expand the new method for steel production on an industrial scale.
Kias new EV3 and EV5 are already climbing the sales charts in several key markets. With more low-cost EVs arriving this year, including the EV4, its first electric sedan (and hatch), this could be just the start to Kias global sales run.
AW-Energy Oy is entering the commercial hydrogen market by introducing a combined WaveRoller and HydrogenHub process for the production of green hydrogen. From an industry, technology and political perspective, we see no barriers to achieving this. —Christopher Ridgewell.
Therefore, automakers are committing operational investments of nearly US$600 billion to secure their position in the future automotive market, according to GlobalData, a leading data and analytics company. and is an innovation leader with the highest number of patents filed amongst other global automakers. —Bakar Sadik Agwan.
eFuels company HIF Global ( earlier post ) and Siemens Energy reached an agreement under which Siemens Energy will supply electrolyzers to the HIF Matagorda eFuels Facility. We face a time of incredible expansion in hydrogen production amid global supply chain challenges.
a designer and manufacturer of electrolyzers, recently signed a memorandum of understanding (MoU) with Black & Veatch, a global engineering, procurement, consulting and construction company, to offer a complete and integrated solution for producing large-scale green hydrogen for industrial customers. Next Hydrogen Solutions Inc.,
To support these developments and be able to offer a complete and competitive Renault Trucks range on the market, the company is setting up an organization dedicated to electric mobility. To help meet the Paris Agreement’s goal of limiting global warming to less than 1.5 Preparations are underway to market a Z.E. D Wide Z.E.
Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. The deficit forecast for 2023 was revised to 0.2
In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.
These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. Of course, this logic is correct only from a global planner’s point of view, where the planner puts equal weights across individuals.
BYD Cars Philippines is mirroring the performance of BYD globally, becoming the best selling new energy vehicle in the country. In an industry report it released recently, ACMobility, the official distributor of BYD passenger vehicles, announced a significant achievement in the New Energy Vehicle (NEV) market.
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 industrialmarkets. Meritor is an industry leader in axle and brake technology. —Tom Linebarger, Chairman and CEO, Cummins.
NuScale Power, along with Shell Global Solutions (Shell) and industry participants will develop and assess a concept for an economically optimized Integrated Energy System (IES) for hydrogen production using electricity and process heat from a NuScale VOYGR small modular reactor (SMR) power plant.
The report, Opportunities for hydrogen in commercial aviation , which had technical input and funding from The Boeing Company, finds that growing hydrogen industry momentum could provide an opportunity to introduce hydrogen for niche airport applications (such as ground support equipment) as early as 2025. —Dr Marshall.
Global technology and power solutions leader Cummins Inc. Here we are seeing how green hydrogen can improve sustainability for industrial manufacturing and how the demand for decarbonized hydrogen solutions will grow. The Cummins electrolyzer system is installed at the Air Liquide hydrogen production facility in Bécancour, Québec.
The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. Rising global demand for electric vehicles and economic energy storage systems has led to projections showing an orders-of-magnitude increase in demand for lithium. Earlier post.) tons by 2040.
This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. —Tore Enger, CEO of TECO 2030 ASA.
Seamless electrified ecosystem required from rock to road to secure the North American automotive industry Battery development and production is strategically important for the transition to clean-energy economy and to remain globally competitive Sustainable lithium mining and processing is an essential component of this ecosystem.
Following successful field trial results, Cemvita has created a wholly owned subsidiary for the Gold Hydrogen business, Gold H2 LLC (GH2), and subsequently raised and closed funding into the entity, led by founding investors Chart Industries and 8090 Industries. billion in 2020. It is growing at a CAGR of 54.7% billion by 2028.
Aeva , a company building next-generation sensing for autonomous vehicles ( earlier post ), and ZF are partnering to bring the first Frequency Modulated Continuous Wave (FMCW) LiDAR to market for autonomous driving applications. We have seen that different markets require different solutions. Earlier post.).
Currently, it mainly develops and produces large volumes of chips on 200-millimeter silicon wafers for applications in the mobility, telecommunications, energy, and life sciences industries. Above all, the global ramp-up of electromobility is resulting in huge demand for such special semiconductors.
Unifrax, a global manufacturer of high-performance specialty materials, plans to build its first large-scale SiFAB (silicon fiber anode material) manufacturing line at its north central Indiana facility. The proven industrial-scale processes eliminate supply chain concerns over mass adoption. Source: Unifrax.
million) ammonia cracker prototype designed to produce green hydrogen at industrial scale. This innovative green ammonia cracker could be a game-changer for scaling up the green hydrogen industry – an important step to drive the energy transition. A Siemens Energy-led consortium has begun work in Newcastle, UK on a new £3.5
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries.
The aim is to bring the company’s green fuel cell products and solutions to the globalmarket. With the new investment, Blue World Technologies will work towards starting serial production to get the company ready to send fuel cells and systems to industries around the world.
Using nature as a role model, the aviation industry has been intensively researching ways to reduce aerodynamic drag for many years. The aviation industry is facing similar challenges to the chemical industry: ongoing progress must be made with climate protection despite high energy requirements.
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