Tritium

Mitsubishi Corporation Invests in Kyoto Fusioneering, a spin-off from Kyoto University

Retrieved on: 
Wednesday, May 17, 2023
Carbon, Deuterium, University, MC, Electricity, KF, Light, Research, Government, Tritium, Seawater, Kyoto University, Helium, CO2, Lithium, Renewable energy

Its establishment in 2019 was based on decades of fusion research and development by Kyoto University.

Key Points: 
  • Its establishment in 2019 was based on decades of fusion research and development by Kyoto University.
  • KF specializes in key components and integrated systems that are required in order to build fusion reactors and fusion power plants.
  • KF's strategic aim is to build a fusion energy supply chain by leveraging Japan's leading manufacturing capabilities.
  • (Based on the provisional translation of "Fusion Energy Innovation Strategy" adopted by Japan's Integrated Innovation Strategy Promotion Council on April 14, 2023)

Tritium Announces Record Preliminary Year-To-Date Results and Increases CY2023 Guidance

Retrieved on: 
Thursday, May 11, 2023
EV, Completeness, File, Butler Machine Tool Co Ltd v Ex-Cell-O Corp (England) Ltd, Calendar, DC, Buy America Act, Federal Highway Administration, Greenhouse gas emissions by the United States, Inflation, EBITDA, United Kingdom, Growth, OK, Inflation Reduction Act of 2022, Geography, Cryptocurrency, Clothing, Music, Rare-earth element, Lithium, Renewable energy, Electric battery, Tritium

BRISBANE, Australia, May 11, 2023 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a global leader in direct current (“DC”) fast chargers for electric vehicles (“EVs”), today provided an update on the business.

Key Points: 
  • Secured a $40 million capital investment from St Baker and O-Corp, two existing and longstanding Tritium investors, to continue the advancement of the Company’s business plan.
  • Given strong production, revenues, and performance in the calendar year-to-date, the Company is increasing its revenue guidance to a range of $210 million to $225 million.
  • The Company confirms its previously announced expectation to become EBITDA* positive during the first half of calendar year 2024.
  • In March 2023, Tritium began accepting orders for the Company’s first product offering for the NEVI program.

Tritium Announces $40 Million Capital Investment

Retrieved on: 
Friday, May 5, 2023
Butler Machine Tool Co Ltd v Ex-Cell-O Corp (England) Ltd, Carbon, Growth, Airline, Lithium, EV, Tritium

BRISBANE, Australia, May 05, 2023 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (Nasdaq: DCFC) (“Tritium” or the “Company”), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), today announced an investment of US$40 million, comprised of $35 million from Sunset Power Pty Ltd as trustee of the St Baker Family Trust (“St Baker”) and $5 million from O-Corp EV LLC (“O-Corp”).

Key Points: 
  • BRISBANE, Australia, May 05, 2023 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (Nasdaq: DCFC) (“Tritium” or the “Company”), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), today announced an investment of US$40 million, comprised of $35 million from Sunset Power Pty Ltd as trustee of the St Baker Family Trust (“St Baker”) and $5 million from O-Corp EV LLC (“O-Corp”).
  • This capital raise continues to build on the long-term, continued support of Tritium by both its largest shareholder, Trevor St Baker, and O-Corp.
  • The $40 million will be used to fund working capital to continue to scale production volumes, further product development, and grow service operations around the world.
  • “We particularly appreciate the continued long-term support of the St Baker family, who have been investors in Tritium since 2013.”

Australia’s adoption of electric vehicles has been maddeningly slow, but we’re well placed to catch up fast

Retrieved on: 
Friday, April 21, 2023
Workforce, Adoption, Mineral, Travel, Industry, EV, Cooperative Research Centre, Electricity, History, Government, Wind, SEVI, Tritium, Nickel, ARENA, ACE, Strategy, Frustration, RACE, NASDAQ, Copper, Tesla, Health, Cobalt, Air pollution, Gasoline, Renewable energy, Rail transport, Television, Video game

Roll forward 122 years and there’s now a registered motor vehicle for every one of the 20 million people of driving age in Australia.

Key Points: 
  • Roll forward 122 years and there’s now a registered motor vehicle for every one of the 20 million people of driving age in Australia.
  • The slow pace at which Australia has adopted electric vehicles is maddening to many.
  • But the transition to electric vehicles is changing gear in Australia, driven by both consumers and government.
  • All the states and territories and many local governments had for some time taken steps to boost the uptake of electric vehicles.

A country wedded to the car

    • You can see why cars are so popular in a country like Australia.
    • We’re the sixth-largest country in the world, but the 55th-most-populous.
    • With only around three people per square kilometre, we regularly travel large distances through sparsely populated areas.
    • Australia also had a burgeoning automotive industry, which spawned fierce loyalties among fans of domestic brands.

We have the resources to go electric

    • Adding to the frustration of EV advocates is Australia’s wealth of resources that can enhance the benefits electric vehicles offer.
    • Australia has some of the best wind energy resources in the world with an estimated 5 terawatts of potential.

And there’s expertise to accelerate the transition


    While the new national strategy makes all the right noises, the main critique emerging is that it lacks real teeth. In particular, the specifics of a badly needed fuel-efficiency standard are still being developed. However, there is still plenty in the strategy to offer promise. It identifies the need for:
    • Australia’s world-class energy researchers have been exploring issues relating to a mostly renewables-powered electricity grid for decades.
    • In recent years, they have been investigating how electric vehicles could become an important asset for the electricity grid as “batteries on wheels”.
    • The renewable energy agency, ARENA, has spent over $2 billion to increase the renewable energy supply in Australia.
    • It has received $69 million in government funding and $280 million in cash and in-kind support from partners to accelerate the transition to reliable, affordable, clean energy.

Tritium and Jump Charging Partner to Propel EV Charger Deployment in New Zealand

Retrieved on: 
Monday, April 17, 2023
Maintenance, Partnership, EV, Education, Energy Efficiency and Conservation Act 2000, DC, Jump, Government, EVS, Tritium, Energy efficiency, EECA, Conservation, Ecosystem, Lithium, Renewable energy, Electric battery

The rate of EV adoption continues to grow in New Zealand and charging infrastructure will need to grow to meet the increasing demand.

Key Points: 
  • The rate of EV adoption continues to grow in New Zealand and charging infrastructure will need to grow to meet the increasing demand.
  • Jump Charging, a new Tritium distributor and service partner for New Zealand, is committed to further expanding access to publicly available charging in the country to accelerate decarbonisation of the transport sector.
  • The skid-mounted solution for rapid installation of fast charging stations developed by Jump Charging is a prime example of the innovative technology solutions needed to creatively address the demand for EV charging infrastructure in New Zealand,” said Tritium CEO Jane Hunter.
  • Jump Charging director Alex Watson commented, “At Jump Charging, our goal is to move New Zealand away from fossil fuels, so choosing a proven EV fast charging partner we could rely on was crucial.

Tritium Enters Malaysian Market with Sale of Fast Chargers to KuroEV

Retrieved on: 
Wednesday, April 12, 2023
EVS, Private sector, Partnership, EV, Lithium, Tritium

BRISBANE, Australia, April 12, 2023 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global leader in direct current (DC) fast chargers for electric vehicles (EVs), today announced that KuroEV, an EV charger installer and management services provider, has purchased Tritium fast chargers to be deployed across Malaysia.

Key Points: 
  • BRISBANE, Australia, April 12, 2023 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global leader in direct current (DC) fast chargers for electric vehicles (EVs), today announced that KuroEV, an EV charger installer and management services provider, has purchased Tritium fast chargers to be deployed across Malaysia.
  • “We are excited to partner with KuroEV to bring Tritium's world-leading charging technology to the Malaysian market and expanding our footprint in the Asia Pacific region," said Tritium CEO Jane Hunter.
  • KuroEV plans to deploy Tritium chargers at various locations throughout Malaysia, including offices, shopping malls, and commercial hubs.
  • “We are delighted to work with Tritium, a global leader in EV fast charging technology, to offer the latest fast charging solutions to our customers in Malaysia.

US Nuclear’s Unique Monitors Can Help With Mitigation in Case of any Release From Fukushima’s 880 Tons of Radioactive Debris

Retrieved on: 
Tuesday, April 11, 2023
Food, Drinking water, Water quality, Fishery, Power plant engineering, US Nuclear Corp, Pacific Ocean, Tritium, Seawater, Earthquake, Fresh water, Water, Safety, Uranium mining, TEPCO

Images of the supporting structure right under the core showed heavy damage, with the concrete crumbling away, thus leaving the steel reinforcement exposed and unprotected.

Key Points: 
  • Images of the supporting structure right under the core showed heavy damage, with the concrete crumbling away, thus leaving the steel reinforcement exposed and unprotected.
  • Approximately 880 tons of un-treated, highly radioactive debris still remains inside of the three TEPCO reactors.
  • US Nuclear’s water monitors are already in use at water utility companies, desalination plants, water treatment facilities, nuclear power plants, and others.
  • Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov , or the company’s website at www.usnuclearcorp.com

Australian Prime Minister Anthony Albanese Visits Tritium

Retrieved on: 
Friday, March 31, 2023
White House, EV, Infrastructure, EMC, EVS, Lithium, Renewable energy, Tritium

BRISBANE, Australia, March 30, 2023 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global leader in direct current (DC) fast chargers for electric vehicles (EVs), welcomed Australian Prime Minister Anthony Albanese to the company’s campus in Brisbane, Australia earlier today.

Key Points: 
  • BRISBANE, Australia, March 30, 2023 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global leader in direct current (DC) fast chargers for electric vehicles (EVs), welcomed Australian Prime Minister Anthony Albanese to the company’s campus in Brisbane, Australia earlier today.
  • The Prime Minister’s visit with Tritium comes on the heels of the introduction of the National Reconstruction Fund, which is part of the Government’s plan to rebuild Australia’s industrial base.
  • During his visit, the Prime Minister said, “This is my third visit to Tritium.
  • The visit by the Prime Minister comes in the same week as another high-profile government engagement Tritium hosted in the United States.

Tritium Announces First NEVI-Compliant Product Offering, Facilitating E-Mobility Transition Nationwide

Retrieved on: 
Thursday, March 30, 2023
Workforce, White House, CFI, Housing, EV, Infrastructure, Federal Highway Administration, EVS, FHWA, Tritium, Iron, Buy America Act, Pleasure, Vehicle registration plates of Nepal, Lithium, Renewable energy

“The NEVI program has opened up an unprecedented opportunity to advance the e-mobility transition in the United States, leading to a manufacturing boom in the country,” said Tritium CEO Jane Hunter.

Key Points: 
  • “The NEVI program has opened up an unprecedented opportunity to advance the e-mobility transition in the United States, leading to a manufacturing boom in the country,” said Tritium CEO Jane Hunter.
  • Yesterday, Tritium had the pleasure of welcoming White House Senior Advisor and Infrastructure Coordinator Mitch Landrieu to our Tennessee facility.
  • Thanks to multiple chargers and power rectifier units, the Tritium NEVI solution provides high site reliability and uptime.
  • “Tritium's first NEVI-compliant product is a testament to our dedication to delivering comprehensive solutions for our U.S. customers,” said Mike Calise, Tritium President of the Americas.

Canadian Nuclear Laboratories and Kyoto Fusioneering Partner to Accelerate the Development of Fusion Energy

Retrieved on: 
Thursday, March 30, 2023
Science, technology, engineering, and mathematics, Canadian Nuclear Laboratories Research Facilities, UNITY, Heart, Partnership, Optimism, CNL, Hydrogen, Breeding, Electricity, Chalk River Laboratories, Research, General Fusion, History, Organization, Tritium, MOU, Kyoto University, Lithium, Science

Under terms of the agreement, the organizations will work together to identify and co-develop fusion products and services, helping to accelerate the progression of fusion as a source of clean energy.

Key Points: 
  • Under terms of the agreement, the organizations will work together to identify and co-develop fusion products and services, helping to accelerate the progression of fusion as a source of clean energy.
  • “That is at the heart of this agreement with Kyoto Fusioneering, an incredibly talented and ambitious company which shares our optimism in fusion power.
  • Among the advanced technologies that Kyoto Fusioneering is developing for commercial fusion reactors is tritium fuel cycle technologies and breeding blankets for tritium production and power generation.
  • That work includes a partnership with First Light Fusion to explore tritium extraction technologies; and an MOU signed with General Fusion .