Corporate & Securities Partner at Dentons | Helping clients navigate global risks and opportunities | M&A | Mining, Energy, Climate & Financial Services | National Co-Leader of the Canadian Mining Group | Director CACC
Calculating a perfectly timed energy transition, if there is to be one, in which we masterfully reduced energy production in one area of the portfolio and replaced it with an exact incremental amount in another area is simply not possible. There will be two steps forward and occassionally one step backwards.
A big part of the consumer energy transition will be the move to electric vehicles. In order for that to happen, people have to prefer electric vehicles over internal combustion engine powered vehicles. That can happen for a number of reasons, with likely the most successful one being a mechanism that makes these vehicles cheaper than other options.
In Germany, we are finding out that reducing government subsidies will result in reduced purchasing.
Another that bites the dust. It just proves that an electric offering on its own does not seem to be working. Companies need to be offering something different, for instance upscaling like Lunaz, or hydrogen-electric like Tevva Hydrogen Electric Trucks. This news is just not good for the market let alone investors. #automotiveindustry#electricalvehicles#sustainability#oems
Founder at NXTGEN Clean Energy Solutions |Sustainability Consulting + Solar + Wind + Battery Storage + Electric Vehicle Charging + Solar Light Poles | Helping businesses improve the bottom line and the environment
'Many US states have adopted a pro-sustainability credo, including North Carolina, which has recently put numbers behind its efforts and sees a strong boost to its economy and jobs growth from clean energy and energy efficiency businesses, including the move to electric vehicles.
In the past 12 months, the state has seen a 47% increase in electric vehicle registrations. This boost followed plans by Toyota Motor Corporation, VINFAST and Wolfspeed to invest many billions in manufacturing related to EVs. Vinfast of Vietnam will bring its first US-based EV manufacturing facility to Chatham County, while Toyota’s project is devoted to EV battery manufacturing. The two projects anticipate nearly 10,000 new jobs.'
Courtesy Fierce Electronics#jobcreation#cleanenergytransition#nxtgenDoug ShattoCheryl Sharp, PE, PTOE, AICPRobert FloresJohn EllisDana SinnoPj BombardAyesha H.NXTGEN Clean Energy Solutions
#SVolt, a battery manufacturer will not set up a new manufacturing site in the German state of Brandenburg (Giga Berlin's location). The company says it cannot resist taking a jab at German politicians👀, who make planning difficult. 🤦♂️
The company’s press release states: “In addition to an already low level of planning security at various levels – from the threat of international punitive tariffs to market distortions due to protracted and unevenly distributed subsidies,” a “significant customer project has also been cancelled.” In addition, the renewed discussions about the end of the combustion engine in the EU are counterproductive to the planned localisation efforts.
SVOLT does confirm that it will set up a manufacturing facility in Überherrn, in the German state of Saarland. However, SVOLT’s first European factory was initially supposed to be up and running by the end of 2023. But construction has been repeatedly delayed for various reasons.
“The Überherrn municipal council’s resolution is still awaiting approval👀 from the responsible ministry. In other words, planning 👉permission has not yet been granted👈. In addition, lawsuits against the construction project have already been announced. Therefore, it is currently impossible to predict when we will have final legal certainty.
Meanwhile SVOLT intends to assemble battery modules and packs from imported cells in Europe soon. That will take place in Heusweiler, about 30 minutes northeast of the planned production site in Überherrn. According to SVOLT, the turnkey handover will be on 1 July.
📖Source https://lnkd.in/g2T_SWTR#IONAXS#CleanMobility#eMobility#ElectricCars#FutureMobility#Batteries#Automotive#ElectricVehicles#AutonomousVehicles#EV#Lithium#Innovation#Sustainability#Recycling#Future#Energy#Efficiency#Technology#AVEVAI#TomTsogt 🔔👍
The US Energy Department has $2 billion in grants and $10 billion in loans available to auto companies to convert existing factories that build gas-powered cars and trucks into plants that produce hybrid and electric vehicles.
The money is aimed at maintaining jobs in communities defined by the auto industry and is also seen as an effort by the White House to respond to a strike threat by unionized auto workers.
The United Auto Workers (UAW) has expressed concerns about manufacturing electric vehicles, which require fewer workers to build than gas-powered cars and trucks, and auto companies are locating many new electric vehicle factories in states without unionized labor.
Change is constant, and failure to change can have negative results.
When was the last time you needed a horseshoe or typewriter?
Their manufacturers changed, either for the positive, or the negative, but they changed.
If the UAW truly cares about its members and their industry, it needs to strive for continual improvement to perpetually be the best at what they do, which should include adapting for the future, including providing information, education, and job training to help their members and industry thrive in a changing world.
Refusing to work unless they’re paid more to maintain a failing status quo seems like self-inflicted foolishness that may expidite negative consequences.
Hopefully, actions are being taken for everyone involved to change, improve, and maximize opportunities to thrive!
Fear is a horrible poison, but Faith in actions taken is the antidote.
US government allocates $12 billion to retool existing plants for OEMs in USA to convert existing factories that build gas-powered cars and trucks into plants that produce hybrid and electric vehicles
The moment you've all been waiting for....no, it is not drinks in the pub.... its the Y-Mobility weekly news round-up of course!
This week we look into the world of auto-pay, government funding, and #innovation. We found some really interesting reads showing just how the industry is making giant leaps to a more sustainable world.
Fueling the Future: IFA 2023 hinted that #SoftwareDefinedVehicles might soon handle auto-pay for fuel and more. How awesome is that? Imagine cruising into a gas station, and your car just sorts out the payment. The future is getting seriously convenient!
Read more - https://lnkd.in/esamtD59
Speeding Up Innovation: This consortium are working on a digital loop to speed up vehicle software approval, which is one topic we are particularly keen on advocating.
Good luck to all the teams involved on this one! It's partnerships like this that are really pushing the industry to deliver with speed and quality.
Read more - https://lnkd.in/e4bv-Vmq
Climate & #EVs: The New York Times is dishing out the details on Biden's #electricvehicle plans and how they're helping the environment. We're all about going green! It's heartening to see a big push for EVs to tackle climate change.
Read more - https://lnkd.in/eiTq5hVT
We are constantly seeing new partnerships, funding, and innovative ideas which is exciting to see and of course, be a part of. Let's keep the wheels spinning on this and continue making waves in an industry trying to make the world a better place to live.
#consultancy#automotive#mobility#ymobility#autonomousvehicles
Introducing the world’s first solar-powered truck! In an era where electrified transport solutions are taking centre stage, Scania's innovative endeavour involves the creation of a vehicle equipped with solar cells, ingeniously placed within a trailer attached to a hybrid-electric truck, generating its own electrical propulsion. This innovation not only builds upon Scania’s modular system but also pioneers new technologies, showcasing the brand's commitment to sustainable progress.
This groundbreaking project is slowly but surely has the potential to drive the future of transportation towards greener horizons. Eric Falkgrim, a Technology Leader at Scania’s Research and Innovation department and the brains behind the solar-powered truck, sheds light on the promising potential of this cutting-edge technology — “We specifically wanted to see if it made sense in Sweden because if you go to places such as Southern Europe, Australia or North Africa, there’s obviously a lot more sunshine. If it can work here in the less sunny and somewhat darker conditions then that would confirm the widespread validity of the project," he shares.
Beyond revolutionising transport, the implications of this project extend to the energy sector. The synergy between electric vehicles and energy provision presents a paradigm shift. Scalability could potentially connect thousands of vehicles to the grid, transforming the dynamics of electricity trade. Falkgrim envisions a harmonious blend where vehicles produce and consume their own electricity, fostering an unprecedented energy ecosystem.
#Electrification
"As electric-vehicle sales slow, companies including Volkswagen, Stellantis and Mercedes-Benz are scaling back or refocusing battery projects. Chinese manufacturers are slashing costs and the US is drawing away investment with lucrative subsidies.
China already has excess battery-making capacity, can make cells at a fraction of the cost it takes in Europe, and has a head start on the next generation of cell technology. All of this means the continent risks falling further behind in the race to build and power the EVs of the future.
Companies may cut back more on planned factories as European Union subsidies are hard to access due to bureaucracy and carmakers protect thin EV profit margins. VW may push out reaching full capacity for its €20 billion (US$21.5 billion) battery behemoth. Automotive Cells Company, led by Stellantis and Mercedes, has put on hold two of its three sites to weigh making lower-cost cells in light of slowing demand for still-expensive EVs.
The backslide isn’t exclusive to European players with China’s Svolt Energy Technology cancelling a project in Germany because of uncertainties on subsidies and after a cornerstone customer fell away.
EV demand below expectations is raising the bar for new entrants who also face competition from leading Asian suppliers at home. China’s Contemporary Amperex Technology, the world’s biggest cell maker has a site in Germany and is adding another in Hungary, while South Korea’s LG Chem has been making batteries in Poland for about six years."
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Töyssyjä akkutehtaiden polulla - FREYR mainittu: Battery companies hit speed bumps as technical, financial woes mount. Firms are pausing projects or laying off workers despite the industry’s rapid growth. "Freyr Battery recently announced that it is struggling to scale up a new low-cost battery manufacturing technology licensed from 24M. The company plans to lay off employees and cut spending by 50% while it resolves issues with the process. ...Freyr will also minimize spending on its European battery plant and focus on building its facility in Georgia, where generous US government subsidies make the project more attractive. But the company says the US facility will now incorporate conventional technology to start production faster while it tries to master the 24M process." #akkuteollisuus#sähköautot#kustannukset#investoinnit#akkustrategia2025https://lnkd.in/gY5UycEi
