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Operational clean hydrogen production projects set to double globally within the next five years

Envirotec Magazine

According to the research, Europe is leading the charge in the development of clean hydrogen, with Germany home to 25 of the total already operational projects (equal to 27%); the U.S. Separately, data from Pitchbook reveals that, in 2022, private equity firms spent $3.1 home to 7 (7%); the UK home to 7 (7%); and Japan home to 7 (7%).

Hydrogen 275
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BASF consolidates business, will invest $5 billion in battery materials and recycling

Charged

BASF , a producer of cathode active materials (CAM), plans to consolidate some of its business into a new legal entity called BASF Automotive Catalysts and Recycling beginning in January of 2022. The company will also invest up to €4.5 BASF also plans to expand its CAM manufacturing in Asia, Europe and North America.

Recycling 124
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Automakers are shifting battery plant plans from Europe to the US. Does the European Commission have a solution?

Charged

In my latest Charging Forward column, which appears in the current print issue of Charged , I wrote of “a pointless fight between the US and Europe over the Buy American provisions of the IRA/BIL,” and opined that “as the details of the new rules are worked out, they’ll surely be brought into harmony with existing free-trade agreements.”

Europe 100
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Volkswagen and PowerCo SE to search for a battery cell factory site in Canada

Charged

The Volkswagen Group and its recently founded battery company PowerCo SE intend to rapidly expand their global battery business to North America. The two parties will continue their cooperation in the areas of battery value creation , raw material supply chains and cathode material production, which were initiated earlier in 2022.

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Major truck OEMs form PACT to advocate for EV infrastructure development

Charged

Vehicle OEMs are investing large sums to advance the transition to electric vehicles, even as they lobby governments to water down the emissions regulations that are forcing that transition. In 2022, the same three companies agreed to jointly invest some $550 million to build and operate a public charging network for heavy-duty EVs in Europe.

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Stellantis and Samsung SDI form JV to build battery plant in Indiana

Charged

Stellantis says the new joint venture company will invest more than $2.5 The investment could gradually increase to $3.1 The new facility will supply battery modules for a range of vehicles produced at Stellantis’s North American assembly plants. billion and create 1,400 new jobs in Kokomo and the surrounding areas.

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Smart Energy Finances: Norwegian investors buy 49% stake in Indian transmission scheme

Smart Energy International

Norwegian investment in Indian transmission The Norwegian Climate Investment Fund, managed by government-owned Norfund and KLP, Norway’s largest pension company, is investing approximately $9 million for a 49% stake in the Koppal Transmission Scheme. ReNew has won three transmission projects in Karnataka to date.

Energy 118