Ballard, a global leader in fuel cell technologies, and QUANTRON, a global leader in electric vehicle integration have formed a strategic partnership for the development of hydrogen fuel cell electric trucks. The combined, complementary expertise of Ballard and QUANTRON enables broader customer access to zero emissions fuel cell electric trucks without compromising on range, payload, vehicle utilization or total cost of ownership.
Initial collaboration will focus on the integration of Ballard’s FCmove family of heavy-duty fuel cell power modules into QUANTRON’s electric drivetrain and vehicles. Fuel cell electric truck platforms currently in development include a 7.5t delivery truck, a 44t heavy duty truck and a municipal waste collection truck.
Initial deployment of fuel cell electric trucks is scheduled for the second half of 2022.
In Europe, various government subsidies and incentives will be available to vehicle fleet operators. Specifically, Germany has recently committed to covering up to 80% of conversion costs from internal combustions engines to alternative drives through the e-mobility support program.
This is another important milestone for QUANTRON's global growth. The cooperation with Ballard enables us to bring customised hydrogen commercial vehicles with fuel cell electric drives to the market. Today we embark on a journey of joint development and production of fuel cell electric commercial vehicles.—Andreas Haller, founder and Chairman of Quantron AG
Romeo Power and Dynexus Technology collaborate to introduce advanced battery sensing and diagnostics for battery-electric commercial vehicles
Romeo Power and Dynexus Technology, a provider of battery sensing solutions and data-driven battery intelligence, will collaborate to integrate Dynexus…
Romeo Power and Dynexus Technology, a provider of battery sensing solutions and data-driven battery intelligence, will collaborate to integrate Dynexus Technology’s actionable battery performance and health sensors into Romeo Power’s battery ecosystem.
The technology developed by Dynexus will initially be utilized for incoming cell quality control and end-of-line verification, as well as module and pack diagnostics and prognostics, enabling multiple opportunities to reduce total cost of ownership for Romeo Power’s customers.
Dynexus generates critical data that can accelerate the qualification process of cells and batteries, including cell screening and matching, further improving quality control, safety and reliability of our battery systems. We look forward to collaborating with Dynexus to advance the electrification of commercial vehicles.—AK Srouji, CTO of Romeo Power
Dynexus’s award winning and patented Inline Rapid Impedance Spectroscopy (iRIS) sensors generate near real-time, rich, frequency-based battery data that provide information about the state of the battery physico-chemistry. Traditional measurement methods treat the battery as a blackbox. The Dynexus sensor “looks” inside the battery and generates a “fingerprint” or signature that uniquely describes a battery’s health, degradation, and therefore safety.
Romeo Power will integrate iRIS into its battery systems, providing a new class of battery data that, until now, was only available for research purposes and was not practical as a commercial sensor or tool. This technology enables measurements that typically take 30 minutes to be reduced to 10 seconds or less.
Dynexus Technology’s iRIS system has been validated in Romeo Power’s in-house testing lab and demonstrates superior accuracy and repeatability. The iRIS system also has high voltage capability and enables measurements under dynamic battery conditions. In addition to screening and quality control applications, Romeo Power intends to implement iRIS inside its next-generation battery systems and is expected to start road testing in 2022. This integration is also additive to Romeo Power’s sustainability efforts as it may enhance reuse and battery second life assessment.
Founded in 2016 and headquartered in Los Angeles, California, Romeo Power delivers electrification solutions for commercial vehicle applications.
TWAICE and pepper partner for full battery transparency in retrofitted commercial vehicles
TWAICE, a provider of predictive analytics software that optimizes the development and operation of lithium-ion batteries, and pepper motion GmbH (formerly…
TWAICE, a provider of predictive analytics software that optimizes the development and operation of lithium-ion batteries, and pepper motion GmbH (formerly etrofit), a company offering solutions for the electrification (retrofitting) of used and new commercial vehicles such as trucks in distribution transport, buses in local public transport (LPT) and municipal vehicles, are partnering for full battery transparency in retrofitted commercial vehicles.
TWAICE’s analytics software will make the battery performance and lifetime of electrified powertrains transparent and thus more sustainable. This provides pepper customers with battery insights and enables optimal operation.
Retrofitting can be an economical and sustainable alternative to diesel vehicles. pepper retrofits both buses and trucks with all-electric powertrains.
We plan to put around 1,200 buses and trucks on the road with our technology by 2023 alone. The vehicles will be delivered primarily in Europe, North and South America.—Andreas Hager, Managing Director of pepper motion GmbH
TWAICE will support pepper and commercial fleet operators in both the development and operation of the electric vehicles. The battery analytics software allows the condition of vehicle batteries to be estimated and predicted in the field, long-term battery performance to be analyzed, maintenance to be predicted, warranty commitments to be adjusted, and a realistic residual value to be determined. It can also provide drivers with targeted usage recommendations. In this way, the TWAICE software makes the service life and economic efficiency of the vehicle batteries transparent.
TWAICE is an important strategic technology partner for us. We can use the software not only to analyze the aging process of batteries, but also to derive value-linked different life cycles and usage scenarios that are valuable for our customers and our product development.—Dr. Ing. Matthias Kerler, Chief Technology Officer of pepper motion GmbH
The analytics data from TWAICE provides pepper with conclusions to further optimize the cycle stability of the batteries used, and to ensure maximum energy-efficient and economical use.
The technology behind the TWAICE predictive analytics software uses artificial intelligence to determine battery condition and predict the aging and performance of lithium-ion batteries.
Analog Devices. Earlier, TWAICE announced a collaboration with Analog Devices, Inc., a global semiconductor company and software solutions provider, with the aim of mastering the challenges of battery life-cycle optimization. The combination of state-of-the-art sensor technology and wireless connectivity from Analog Devices with battery analysis software from TWAICE will benefit customers in the mobility and energy sectors. The alliance will help to significantly reduce warranty risks and recalls, optimize battery life and increase the value of batteries, TWAICE said.
Analog Devices is a global leader in the development, manufacture and marketing of a broad portfolio of high-performance analog mixed-signal and digital signal processing solutions that are used in almost all types of electronic devices. The company is also the market leader in battery management solutions. The collaboration with the Munich software company TWAICE, whose software platform offers end-to-end battery analysis solutions, enables the entire battery life cycle to be optimized.
The aim of the cooperation is to provide a holistic life cycle solution for automobile manufacturers with integrated hardware and software. A complete end-to-end solution with state-of-the-art battery measurements via a wireless battery management system is offered.
Analog Devices’ sensor technology delivers data and data quality that was previously unavailable. TWAICE can deliver the critical battery performance insights for which automotive companies around the world are looking. The integration of sensor and communication solutions from Analog Devices creates an ideal database. The resulting prognoses enable qualified statements about their value and usability at any point in the life cycle of the battery.
Chevron to Invest Over $10B to Accelerate Lower Carbon Ambitions
Multinational energy firm Chevron Corp. (CVX) plans to invest more than $10 billion until 2028 to grow lower carbon energy businesses. The amount is more…
Multinational energy firm Chevron Corp. (CVX) plans to invest more than $10 billion until 2028 to grow lower carbon energy businesses. The amount is more than triple the previous guidance of $3 billion and includes $2 billion to lower carbon intensity of Chevron’s operations.
Headquartered in California, Chevron offers financial management, administrative and technology support for energy and chemical operations. Shares of the company gained 2.1% on Wednesday to close at $98.24. (See Chevron stock chart on TipRanks)
The company has also set 2030 growth targets for new energy businesses. These include increasing daily renewable natural gas production to 40,000 MMBtu; raising daily renewable fuels production capacity to 100,000 barrels; growing annual hydrogen production to 150,000 tonnes; and increasing carbon capture and offsets to 25 million tonnes per year.
The Chairman and CEO of Chevron, Michael Wirth, said, “Chevron intends to be a leader in advancing a lower carbon future. Our planned actions target sectors of the economy that are harder to abate and leverage our capabilities, assets, and customer relationships.”
Meanwhile, the company continues to expect to generate $25 billion of cash flow over the next five years and earn a double-digit return on capital employed by 2025. It also reaffirmed its 2028 targets for upstream production greenhouse gas intensity, which Chevron aims to reduce by 35% from 2016 levels.
“With the anticipated strong cash generation of our base business, we expect to grow our dividend, buy back shares and invest in lower carbon businesses. We believe a strategy that combines a high return, lower carbon traditional business with faster-growing, profitable new energy ones positions us to deliver long-term value to our shareholders,” Wirth said.
Following the announcement, J.P. Morgan analyst Phil Gresh downgraded the stock to Hold from Buy and lowered the price target to $111 from $128 (13% upside potential).
The analyst said, “With the higher guided energy transition spending for lower carbon emissions… not having offsets elsewhere in the portfolio, we now see the company’s dividend coverage breakeven creeping closer to a Brent crude price of $55 per barrel, which is a bit above the group average.”
Overall, the stock has a Moderate Buy consensus rating based on 10 Buys and 6 Holds. The average Chevron price target of $125.07 implies 27.3% upside potential. Shares of the company have gained 25.1% over the past year.
The post Chevron to Invest Over $10B to Accelerate Lower Carbon Ambitions appeared first on TipRanks Financial Blog.renewable
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