Search Results Found For: "avid technology"

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 »

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 »

Chakratec raises $4.4 million for flywheel storage technology for DC fast charging

Israeli startup Chakratec has raised $4.4 million from the iArgento Group and the Singaporean company Goldbell in a series C financing round. The company will use the new funding to conduct pilot projects with three European utilities. It hopes to receive its first orders later this year. Chakratec, established in 2013, has developed an energy… Read more »

Harley Davidson and Alta Motors to collaborate on electric motorcycle development

Harley-Davidson (NYSE: HOG) has made an equity investment in Alta Motors, a maker of electric motorcycles and lightweight EV drivetrains. The two companies plan to collaborate on electric motorcycle technology and new product development. Having tested the market with its LiveWire prototype in 2014, Harley recently announced that it would bring its first electric motorcycle… Read more »