There’s a lot of speculation about the effects widespread EV adoption will have on the electrical grid, but until now, little hard data. A recent study has found that, so far, EVs are having a salutary effect on the grid, saving ratepayers billions of dollars on their electricity bills. The analysis, which was commissioned by… Read more »
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Hyster to supply electric terminal tractors to APM Terminals
Hyster, a US manufacturer of forklifts and materials-handling equipment, has agreed to provide 10 battery-powered terminal tractors to shipping company APM Terminals at its location in Port of Mobile, Alabama. The tractors are part of APM’s $60-million investment in port equipment electrification pilots, and are scheduled to be delivered this year. Each has a 182,000-pound… Read more »
Fortescue’s electric excavator outperforms its diesel counterpart
Australian mining giant Fortescue has been testing an electric excavator at its Chichester operation site. Over the past three months, the excavator has been running at partial capacity while the site team familiarized themselves with the new piece of equipment. Now the e-excavator is operating at full speed, and has reached the milestone of one… Read more »
Wallbox and Bidirectional Energy win $2.2-million CEC grant for V2X demo project
EV charging and energy management specialist Wallbox and startup Bidirectional Energy have secured $2.2 million in grant funding from the California Energy Commission for Phase 1 of their Bidirectional Residential V2X Demonstration Project. The companies will install and operate Wallbox’s Quasar 2 bidirectional charger at 120 residential locations across California. The chargers will be managed… Read more »
Pelikan Mobility raises €4 million in funding for its EV fleet management software platform
French startup Pelikan Mobility has been building an optimization platform and a leasing solution for commercial EV fleets. The company recently raised €4 million ($4.4 million) in a seed round from Pale Blue Dot, Frst, Seedcamp and others. “We have developed a software solution to optimize fleet operations with electric vehicles,” co-founder and CEO Vincent… Read more »
Sion Power raises $75 million to commercialize its Licerion tech for lithium metal EV batteries
Sion Power, a developer of next-generation batteries for EVs, has secured $75 million in a Series A funding round led by battery manufacturer LG Energy Solution. Sion Power will use the funding to validate its Licerion technology technically and commercially. The company plans to build a fully automated line to make large-format lithium metal cells… Read more »
EST-Floattech secures €4 million investment for its maritime battery systems
Dutch developer of maritime battery systems EST-Floattech has received an investment of €3 million from Energy Transition Fund Rotterdam and a joint investment of €1 million from existing shareholders Rotterdam Port Fund, PDENH, Ponooc and Yard Energy. The investment will allow the company to continue growing nationally and internationally. EST-Floattech develops and produces lithium-ion battery… Read more »
Video: Electric F-250 showcases Schaeffler’s EV components
Everyone seems to be getting into the EV game these days. Does the German automotive supplier Schaeffler have dreams of becoming the next Tesla? Well, not exactly. Yes, the company built an electric version of the Ford F-250 pickup truck, and yes, it’s a pretty cool ride. But the real point, as Scott from Schaeffler… Read more »
2024 Dodge Charger Daytona: the ‘Brotherhood of Muscle’ goes electric
The Charger sedan and Challenger coupe exuded testosterone, courtesy of snarling V-8s. Dodge says the EVs that replace them will be just as noisy. The 2024 Dodge Charger Daytona is a Detroit anomaly: it’s a passenger car in an age of trucks and SUVs, it’s battery-electric when U.S. makers seem to be in an EV… Read more »
Schaeffler invests $230 million in new automotive manufacturing facility in Ohio for EV products
Global motion technology company Schaeffler plans to expand its US operations with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions. Schaeffler will invest over $230 million to build a new greenfield manufacturing facility in Dover, Ohio, and is also planning future expansions in the state. Construction of the new… Read more »
