Fuels

Helbiz Partners with Drover AI to Bring Artificial Intelligence to Scooter Sharing

Thursday, September 23, 2021 - 1:30pm

Helbiz will be the exclusive operator of PathPilot in Italy, with an initial deployment in Milan by end of the year.

Key Points: 
  • Helbiz will be the exclusive operator of PathPilot in Italy, with an initial deployment in Milan by end of the year.
  • View the full release here: https://www.businesswire.com/news/home/20210923005548/en/
    Helbiz Partners with Drover AI to Bring Artificial Intelligence to Scooter Sharing (Graphic: Business Wire)
    The PathPilot technology is powered by artificial intelligence and computer vision, using onboard cameras to locate the surroundings of e-scooters.
  • Through the integration of onboard cameras, precise advanced mapping and artificial intelligence, PathPilot gathers data from each ride to help increase operational efficiencies.
  • Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability.

KORE Power Signs Joint Development Agreement with Zero Electric Vehicles, Inc. to Accelerate Electric Vehicle Transition

Thursday, September 23, 2021 - 1:30pm

KORE Power, Inc. (KORE) and Zero Electric Vehicles, Inc. (ZEV) have signed a joint development agreement to bring together two leading U.S. clean energy innovators to design, develop and manufacture low-cost, highly configurable electric vehicle solutions that accelerate electrification of the transportation sector.

Key Points: 
  • KORE Power, Inc. (KORE) and Zero Electric Vehicles, Inc. (ZEV) have signed a joint development agreement to bring together two leading U.S. clean energy innovators to design, develop and manufacture low-cost, highly configurable electric vehicle solutions that accelerate electrification of the transportation sector.
  • KORE is a U.S.-based manufacturer of high-energy-density lithium-ion pouch cells and module configurations for the electric vehicle and energy sector applications.
  • KORE and ZEV bring new levels of ingenuity to the electric vehicle space.
  • Under the agreement, the KORE and ZEV teams focus on three key challenges facing electric vehicle applicationsthermal management, safety, and module and pack configurability towards higher energy and power densities.

Ault Global Holdings Announces Investment in Unique Electric Solutions, an EV Propulsion Firm

Thursday, September 23, 2021 - 1:00pm

Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the Company or AGH), announced today that it has invested in Unique Electric Solutions, Inc. (UES), a privately held developer of Electric Vehicle (EV) propulsion systems for commercial trucks and school buses.

Key Points: 
  • Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the Company or AGH), announced today that it has invested in Unique Electric Solutions, Inc. (UES), a privately held developer of Electric Vehicle (EV) propulsion systems for commercial trucks and school buses.
  • View the full release here: https://www.businesswire.com/news/home/20210923005508/en/
    UES manufactures EV and fuel cell electric vehicle (FCEV) propulsion systems for medium and heavy-duty trucks, transit, and school buses.
  • Ault Global Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
  • Unique Electric Solutions, Inc., UES, manufactures EV and FCEV propulsion systems for commercial fleets, upfitters and select OEMs.

Flux Power Announces $15 Million Registered Direct Offering Priced at a Premium to Market

Thursday, September 23, 2021 - 12:58pm

The registered direct offering is expected to close on or about September 27, 2021, subject to the satisfaction of customary closing conditions.

Key Points: 
  • The registered direct offering is expected to close on or about September 27, 2021, subject to the satisfaction of customary closing conditions.
  • H.C. Wainwright & Co. is acting as the exclusive placement agent for the registered direct offering.
  • The gross proceeds from the registered direct offering are expected to be approximately $15.0 million, before deducting placement agents fees and other offering expenses.
  • Flux Power currently intends to use the net proceeds from this registered direct offering for general corporate and working capital purposes.

Catalyze Announces Acquisition of Leading Commercial-Scale Solar Developer, Sol Alliance, Expanding Development Capabilities and Project Pipeline in Northeastern Market

Thursday, September 23, 2021 - 1:02pm

In addition to bringing a deal pipeline exceeding 80 megawatts (MW) of projects in development, the acquisition provides Catalyze with greater origination resources and deeper solar development capabilities in key markets, especially New York and New Jersey.

Key Points: 
  • In addition to bringing a deal pipeline exceeding 80 megawatts (MW) of projects in development, the acquisition provides Catalyze with greater origination resources and deeper solar development capabilities in key markets, especially New York and New Jersey.
  • Sol Alliance partners Stephen Owen and Jared Haines, along with Vice President of Operations Matthew Effler, will join the Catalyze team.
  • As part of its market consolidation strategy, Catalyze recently integrated award-winning solar developer and installer PermaCity, and integrated battery storage provider Prisma Energy Solutions earlier this year.
  • Catalyze, is backed by leading energy investors EnCap Investments L.P. , Yorktown Partners LLC and Mercuria Energy .

Cummins Receives Award from the UK Government to Accelerate Hydrogen Engine Development for Medium and Heavy-Duty Engines

Thursday, September 23, 2021 - 12:30pm

Based on next generation platforms, the goal for the new hydrogen engines is to achieve zero carbon emissions, and enhanced power density and improved thermal efficiency.

Key Points: 
  • Based on next generation platforms, the goal for the new hydrogen engines is to achieve zero carbon emissions, and enhanced power density and improved thermal efficiency.
  • We are ready to accelerate the pace of our H2-ICE program to ensure Cummins continues to be a leader in this new, exciting technology.
  • The development of the 6.7-liter hydrogen engine will focus on medium-duty truck, buses, and construction applications, such as excavators and wheel loaders.
  • A new 15-liter platform offers the potential to bring hydrogen gas-fueled engine capability to heavy duty long-haul trucks.

Global Automotive Data Monetization Market Experiencing Significant Growth Due to Burgeoning Number of Hybrid and Electric Vehicles - ResearchAndMarkets.com

Thursday, September 23, 2021 - 11:57am

Based on End-User, Insurance companies acquired a considerable market share in the Global Automotive Data Monetization market.

Key Points: 
  • Based on End-User, Insurance companies acquired a considerable market share in the Global Automotive Data Monetization market.
  • Therefore, this is strongly contributing toward the growth of the Automotive Data Monetization market globally in the near future as revealed by this research report "Global Automotive Data Monetization Market Analysis, 2021".
  • What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Automotive Data Monetization Market?
  • What are the key results derived from the market surveys conducted during the course of Global Automotive Data Monetization Market study?

EVgo Unveils New Fleet Solutions to Support Growing EV Fleet Market

Thursday, September 23, 2021 - 12:00pm

EVgo provides a variety of Level 2 and DCFC charging solutions for light, medium, and heavy-duty fleets, designed to meet their unique operational needs, including the ability to leverage a combination of:

Key Points: 
  • EVgo provides a variety of Level 2 and DCFC charging solutions for light, medium, and heavy-duty fleets, designed to meet their unique operational needs, including the ability to leverage a combination of:
    Depot Charging Solutions: EVgo offers depot charging solutions with a range of flexible ownership models, from comprehensive turnkey solutions for mission-critical fleet operations to Charging-as-a-Service (ChaaS) offerings.
  • EVgos fleet solutions include a complete solution set of hardware, software, and operations, networking, and maintenance functions and capabilities supporting holistic cost-saving and optimization for fleet operations.
  • In July 2021, General Motors Company (GM) named EVgo a preferred provider for its Ultium Charge 360 fleet service.
  • Electric Last Mile Solutions is the first electric light commercial vehicle manufacturer to be available today, and EVgos purpose-built fleet charging solutions create an opportunity for fleet customers to accelerate their electrification journey.

REE Automotive and Hino Win European Product Design Award for Top Design for Society

Thursday, September 23, 2021 - 12:00pm

REE Automotive LTD (NASDAQ: REE), a leader in e-mobility, today announced that REE, together with its partner Hino Motors, are the top winners in the European Product Design Award in the Design for Society category.

Key Points: 
  • REE Automotive LTD (NASDAQ: REE), a leader in e-mobility, today announced that REE, together with its partner Hino Motors, are the top winners in the European Product Design Award in the Design for Society category.
  • Amos Boaz, lead designer for REE, and Yamaguchi Seiichi, lead designer for HINO, will share the award.
  • This will not only be applied toward Mobility-as-a-Service (MaaS) and delivery segments but this modular design could also offer solutions for completely new applications.
  • Hino is delighted to have won this prestigious award together with our valued partner REE Automotive, said Hino lead designer Seiichi Yamaguchi.

Eaton Introduces Zero-Leak Compact Combo Valve to Manage Harmful Fuel Vapors and Meet Upcoming Regulations

Thursday, September 23, 2021 - 11:30am
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210923005077/en/
    Eatons new zero-leak Compact Combo Valve safely vents harmful evaporative fuel vapors in a tank by stacking a Fill Limit Vent Valve (FLVV) and a new Zero-Leak Grade Vent Valve (GVV).
  • (Photo: Business Wire)
    A key benefit of the Compact Combo is reduced fuel vapor permeation.
  • This innovative configuration reduces the products footprint by 20 mm, which decreases potential leak paths and provides fuel tank manufacturers more design flexibility.
  • The Compact Combo Valve has several unique design features that increase valve functionality to meet both tank and customer requirements.