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HIF Global, Porsche and Volkswagen Group unveil new direct air capture unit to be installed at eFuels plant in Chile in 2024

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At the IAA Summit in Munich, HIF Global, together with Porsche AG, Volkswagen Group Innovation and MAN Energy Solutions, announced the development and installation of a Direct Air Capture (DAC) unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024. Earlier post.) Why not combine the two? Earlier post.)

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. This includes spending on renewables such as wind and solar as well as grid and other infrastructure. trillion in 2022, IRENA said.

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Ground-breaking on Haru Oni eFuels plant|in Chile; Porsche to use in motor sports from 2022

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Porsche and Siemens Energy have joined forces with a number of international companies to build an industrial plant for the production of nearly CO?-neutral I’m pleased that we’re making progress on this international lighthouse project for the hydrogen economy together with strong international partners from business and politics.

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FREYR and 24M sign licensing and services agreement for mass production of Li-ion battery cells; Glencore for raw materials

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24M’s SemiSolid platform technology provides opportunities for the production of cost-optimized, application-specific designs in both grid and electric mobility markets.

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McMaster switched reluctance motor spinout Enedym closes $15M funding round

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Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., A controller energizes each stator winding only when it can produce useful torque.

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Rolls-Royce signs collaboration agreement with Jordan for small modular reactor technology

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Rolls-Royce signed a Memorandum of Understanding with state-owned Jordan Atomic Energy Commission (JAEC) to conduct a technical feasibility study for the construction of a Rolls-Royce Small Modular Reactor (SMR) in Jordan, highlighting the growing international interest in small modular nuclear technology.

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University of Tennessee to head $250M advanced composites manufacturing institute; Ford, Honda and Volkswagen members

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IACMI is dedicated to overcoming these barriers by developing low-cost, high-production, energy-efficient manufacturing and recycling processes for composites applications. In the wind energy industry, advances in low-cost composite materials will help manufacturers build longer, lighter and stronger blades to create more energy.

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