Turntide Technologies has acquired UK-based AVID Technology, a cleantech engineering firm that manufactures electrified powertrain components for EVs and hybrids. Turntide’s Smart Motor System may reduce energy consumption by nearly 64%, and is free of the rare earth minerals that most higher-efficiency permanent magnet motors require. The company has been on an expansion spree lately,… Read more »
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AVID Technology and Caterpillar receive $42 million from UK to develop electric construction machinery
The United Kingdom government has awarded EV component manufacturer AVID Technology and construction machinery giant Caterpillar €33 million (about $41.7 million) to develop fully electric construction machinery. The funding, which is made possible by the UK’s Advanced Propulsion Centre, will benefit 32 companies and create 2,230 jobs, according to a government statement. Ian Constance, Chief… Read more »
AVID Technology wins six new power electronics and motor contracts totaling £50 million per year
Power electronics and motor specialist AVID Technology has recently won several new contracts totaling £50 million per year. The largest contract is a £34-million deal to develop an integrated EV system for a Tier 1 automotive supplier. Others include a £3.5-million contract to develop and supply customized electric cooling pumps and a 5-year, £5-million deal to provide… Read more »
AVID Technology increases its presence in the US auto industry with key appointment
UK automotive clean tech firm AVID Technology has appointed Mike Dowsett Vice President of Business Development to lead the company’s expansion in North America. Mr. Dowsett will lead the business growth strategy and operations at AVID’s new US office in Michigan. Dowsett has over 30 years of automotive industry experience. He began his career at… Read more »
AVID Technology ships first EVO electric motors, secures £50 million in new orders
UK-based AVID Technology has begun shipping its EVO electric motors. AVID took over the design, manufacture and distribution of EVO motors from GKN Hybrid Power last year, and has now completely transferred production to its plant in Cramlington, Northumberland. Since the start of the year, AVID has secured over £50 million in new orders for… Read more »
LithTech launches novel raw material extraction technology for lithium, nickel, cobalt, copper and graphite
LithTech, an Australian firm, has announced its 2023 capital raising drive to enhance its magnesium separation process, which increases the brine extraction of essential raw elements, including nickel, lithium, cobalt, copper and natural graphite, used in EV batteries. After lab-scale testing, the Dow Centre at the University of Queensland has provided financial and technical support,… Read more »
Freight expert David Cebon on electric vs hydrogen
David Cebon is a Cambridge professor who has dedicated decades to transport research, and the current Director of the Centre for Sustainable Road Freight. In a recent interview for Einride, a Swedish provider of autonomous electric trucks, Cebon discussed his research into the pros and cons of hydrogen fuel cell vehicles versus battery-electric vehicles for… Read more »
Plymouth State University uses V2G technology to power its facilities
Two Nissan LEAF EVs at Plymouth State University (PSU) have provided 1 MWh of energy to PSU’s ALLWell Center, offsetting some of the building’s electricity needs. The university is reducing its electricity bill and supporting grid resilience by taking part in a special rate program developed by local utility New Hampshire Electric Cooperative (NHEC), electrification… Read more »
UK EV builder Lunaz attracts star investor David Beckham
UK-based Lunaz upcycles and converts legacy vehicles to EVs, using a proprietary electric powertrain. The company has big plans for growth, and recently secured funding from a group of high-profile investors, including soccer star David Beckham, who has taken a 10% stake in the company. Beckham’s expertise extends to more than just bending it on… Read more »
Virtual Peaker and Fermata Energy aim to bring V2G technology to utilities
Kentucky-based Virtual Peaker and Fermata Energy have announced a partnership to integrate Fermata’s vehicle-to-grid (V2G) technology with Virtual Peaker’s residential demand response platform, which is currently in use by several US utilities. Virtual Peaker’s Distributed Energy Resource Management System (DERMS) application is a cloud-based energy management platform that can connect to any in-home smart device… Read more »