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 »
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 »
Lilac Solutions to use novel technology to extract lithium from the Salton Sea
Beneath California’s Salton Sea lies a vast pool of super-heated fluid that’s long been exploited as a source of geothermal power. The underground reservoir is also rich in lithium, but over the years, so many companies have tried, and failed, to economically extract the light white stuff, that the area has been called a “graveyard… Read more »
Harley-Davidson LiveWire electric motorcycle now available for pre-orders
Hell announced an unprecedented coat of frost this week, as Harley-Davidson began taking orders for the LiveWire, its first electric production motorcycle. The 2020 LiveWire is now available for US dealer pre-orders at a starting MSRP of $29,799. Deliveries to the US are expected to begin this fall. The LiveWire, which Harley calls “the perfect… Read more »
Jaguar Land Rover and AVID partner to develop hybrid powertrains
English auto tech developer AVID and Jaguar Land Rover are working along with four other companies to develop new hybrid powertrains. AVID specializes in components for heavy-duty and high-performance hybrid vehicles, including pumps, motors, fans, traction systems and battery management. The budding company spent £2 million to expand its production and R&D capabilities, and currently… Read more »