Innovation & Technology

Carbon capture, transport and storage are future most important business

What are carbon capture and storage technologies, and why are they important?

Carbon capture and storage (CCS) refers to the process of capturing carbon dioxide (CO2) from industrial and energy-related sources, such as power plants, cement factories, and oil refineries, and storing it in geological formations underground or in the ocean. The primary goal of CCS is to reduce greenhouse gas emissions and mitigate climate change by …

What are carbon capture and storage technologies, and why are they important? Read More »

concrete

Climate-friendly test successful: Concrete captures CO2 absorbed from the air

In a technological first test, a California startup performed successfully mineralizing the gas in concrete. The startup uses rocks to absorb carbon dioxide from the air. It has linked up with a Canadian business to mineralize the gas in concrete. They claim that this technological collaboration might serve as a global framework for combating climate …

Climate-friendly test successful: Concrete captures CO2 absorbed from the air Read More »

ONE raises millions, now is worth over billion

Successful story: EV battery manufacturer ONE raises $300 million; company now worth $1.2 billion

Michigan-based battery firm Our Next Energy (ONE) announced the completion of a $300 million Series B investment round, bringing the three-year-old business’s valuation to $1.2 billion. Our Next Energy is now among the most highly valued, privately held battery companies in the U.S. This is due to their successful latest round of investment, which was …

Successful story: EV battery manufacturer ONE raises $300 million; company now worth $1.2 billion Read More »

Startups will power new EV generation

Smells like good business: Startups compete to enter the global EV market

The global car industry has invested $1.2 trillion in EV (electric vehicle) research, providing new startups with a fantastic opportunity to land contracts for everything from battery packs to motors and inverters. Competition for EV contracts has included startups that specialize in batteries and coatings to protect EV parts, as well as suppliers who have …

Smells like good business: Startups compete to enter the global EV market Read More »

Traffic jam

Why electric vehicles incentives are important: EU and US begin discussions

According to EU Commissioner for the Internal Market Thierry Breton, the European Commission has begun discussions with the United States to consider incentives for electric vehicles traded in the North American trading bloc. He continued by saying that the Commission is also discussing other components of the recently enacted U.S. Inflation Reduction Act. Incentives for …

Why electric vehicles incentives are important: EU and US begin discussions Read More »

Fusion energy might aid the effort to slow global warming

U.S. scientists declared a breakthrough in fusion energy: Is it helpful in fighting climate change?

Today there was a release of new fusion energy research from American scientists. It says that this kind of energy can go from the lab to commercial electricity production in the ensuing decades. It might aid the effort to slow global warming. The U.S. Energy Department said that last week, researchers at the Lawrence Livermore …

U.S. scientists declared a breakthrough in fusion energy: Is it helpful in fighting climate change? Read More »

The first electric delivery trucks came off the assembly lines at BrightDrop's new facility in Canada

GM’s BrightDrop launches its first large EVs factory and DHL is the first customer

On Monday, the first EVs, electric delivery trucks came off the assembly lines at BrightDrop‘s new facility in Canada. At the same time, the General Motors Co. subsidiary also named DHL Express Canada as its first international client. It took GM seven months and more than $2 billion to convert Canada’s first significant electric vehicle …

GM’s BrightDrop launches its first large EVs factory and DHL is the first customer Read More »

Power your wheels: Electric vehicles conquering the auto-world

Volkswagen’s Skoda brand will launch three new electric vehicles by 2026. According to the business daily Handelsblatt, it will be four years earlier than planned. The Czech carmaker and Volkswagen subsidiary will spend most of its planned investment on these new models. This would increase the proportion of electric vehicles in their lineup to 70% …

Power your wheels: Electric vehicles conquering the auto-world Read More »