U.S. investment giant BlackRock will invest $1 billion (US$701 million) into Australian battery projects after agreeing to acquire Melbourne-based Akaysha Energy. Akaysha currently has nine projects across the country, with the most advanced being its 300-megawatt Ulinda battery in the Western Downs region of Queensland. Its largest project is the 1,600 megawatt Orana battery in…
US Giant BlackRock to Invest $1 Billion Into Australian Battery Projects
August 15, 2022
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What Does the Push to Phase out Fossil Fuel Cars Achieve?
July 22, 2022
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Commentary The Australian Capital Territory (ACT) has become the first Australian government to legislate the phase-out of fossil fuel-powered vehicles. The new policy heralds a ban on the sale of internal combustion engine vehicles, which will come into effect in 2035. The timing is interesting. Three successive energy security crises have dominated the news cycle…
What Does the Push to Phase out Fossil Fuel Cars Actually Achieve?
July 22, 2022
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AustraliaAustralian Capital Territorybatteryclimate changecost of livingelectric vehicleEVOpinionsnowy hydroViewpointsWorld
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Commentary The Australian Capital Territory (ACT) has become the first Australian government to legislate the phase-out of fossil fuel-powered vehicles. The new policy heralds a ban on the sale of internal combustion engine vehicles, which will come into effect in 2035. The timing is interesting. Three successive energy security crises have dominated the news cycle…
Trudeau Announces Deal for New Electric-Vehicle Battery Plant in Ontario
Prime Minister Justin Trudeau says Ottawa has reached a deal with Umicore, a global materials technology and recycling group, to build a new battery facility in Ontario’s Loyalist Township. Speaking at Queen’s University in Kingston, Ont., today, the prime minister says the facility will supply materials for one million electric vehicles a year. Trudeau says…
Ford Sees ‘Significant’ Job Cuts as It Picks Spain for EV Production
BARCELONA—Ford Motor Co said on Wednesday it will start producing electric vehicles in Spain later this decade but that would imply “significant” job cuts at its Spanish factory and another one in Germany amid its ambitious electrification push in Europe. The U.S.-based carmaker said in a statement it had chosen its plant in Valencia as…
BMW to Test ONE’s Advanced Battery in Its IX Electric SUV
DETROIT—BMW will install and test a long-range battery developed by Michigan-based startup Our Next Energy (ONE) in the German automaker’s iX electric SUV, the companies said on Tuesday. ONE’s Gemini battery will incorporate two types of battery cells, including one with advanced chemistry that can store more energy and enable vehicle range of 600 miles…
Mercedes-Benz Lays First Stone of New Battery Cell Campus in Germany
BERLIN—Mercedes-Benz laid the first stone of a new research and development campus at its Untertuerkheim site in Germany on Tuesday which will research, design, and begin small series production of battery cells from 2023, the carmaker said. The campus, in which Mercedes-Benz is investing a three-digit-million euro sum, will also have a battery safety lab…
Hyundai Motor Group to Invest $5.5 Billion to Build EV, Battery Facilities in US
WASHINGTON/SEOUL—South Korea’s Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States. Hyundai will break ground on its new facility in Georgia in early 2023 and is expected to begin commercial production in the first…
$760 Million Battery Approved to Support Coal Plant Shutdown in Australia
New South Wales (NSW) has given the go-ahead for Australia’s biggest battery to help replace the Liddell coal-fired power station after its retirement. AGL Energy, Australia’s biggest electricity provider, is retiring the 1,680 MW (megawatt) coal plant due to its age, with the 50-year-old power station reaching the end of its operational lifespan. The first…
GM Ramps up EV Push With Plans to Make Battery Materials in Canada
General Motors Co and South Korea’s POSCO Chemical will build a $400 million facility to produce battery materials in Canada as the carmaker ramps up plans to produce mainly electric vehicles (EVs) in the future, the companies said on Monday. The plant will produce cathode active material (CAM) for vehicle batteries in Becancour, Quebec. Cathodes…
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