Innovation & Technology

Volkswagen opens battery plant in Canada, Europe can wait

Using IRA: Volkswagen selects Canada for its first battery plant outside Europe, Europe can wait

German automaker Volkswagen has chosen Canada as the location for its first battery plant outside of Europe. This move comes as part of the company’s broader efforts to localize its electric vehicle (EV) production chain in North America. The plant will enable Volkswagen to access Canadian and US subsidies and secure critical raw materials for …

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New EGS standards herald new stage in the renewable energy sector development

Since the beginning of 2023, trends can be observed in the global economy that indicate a new stage in economic development. The war in Ukraine last year set a trend in which investments in renewable energy sources were treated as a way out of the energy crisis and dependence on natural gas imports from Russia. …

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Vietnam entered to U.S. market: VinFast delivered the first 45 EVs

Vietnam entered to U.S. market: VinFast delivered the first 45 EVs

Vietnamese automaker VinFast has delivered its first batch of 45 electric vehicles (EVs) to customers in California, marking its foray into the US market. The company, a subsidiary of Vingroup JSC, shipped 999 cars to California in November 2021 but faced more than two months of delays in preparing them for delivery. VinFast has been …

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The power of the ocean: Immense renewable energy source

The power of the ocean: Immense renewable energy source

The ocean is an immense source of renewable energy. It has the power to produce vast amounts of sustainable energy through the wave, tidal, and thermal energy sources. This energy can be used to power homes, businesses, and entire cities. Renewable energy is a rapidly growing industry as more and more people recognize the importance …

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Eve electric aircraft will fly by 2026

Eve, an Embraer electric aircraft manufacturer, plans to launch operations in 2026

According to an official on Friday, Eve Holding Inc., a manufacturer of electric aircraft, is on pace to achieve its objective of beginning commercial operations in 2026. The company’s immediate goal is to have its aircraft certified. Luiz Mauad, Eve’s vice president of services and fleet operations, told the media that he anticipates authorities to …

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Emerson at EGYPS 2023

EGYPS 2023: Emerson to show their innovative and sustainable technologies

Emerson, a pioneer in global software and engineering, participates in the Egypt Petroleum Show (EGYPS 2023), which holds at the Egypt International Exhibition Centre in Cairo from February 13–15. Emerson will present cutting-edge technologies for process automation, digital transformation, and asset optimization at the event, which is being sponsored by His Excellency Abdel Fattah El …

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Carbon capture, transport and storage are future most important business

What are carbon capture and storage technologies, and why are they important?

Carbon capture and storage (CCS) refers to the process of capturing carbon dioxide (CO2) from industrial and energy-related sources, such as power plants, cement factories, and oil refineries, and storing it in geological formations underground or in the ocean. The primary goal of CCS is to reduce greenhouse gas emissions and mitigate climate change by …

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concrete

Climate-friendly test successful: Concrete captures CO2 absorbed from the air

In a technological first test, a California startup performed successfully mineralizing the gas in concrete. The startup uses rocks to absorb carbon dioxide from the air. It has linked up with a Canadian business to mineralize the gas in concrete. They claim that this technological collaboration might serve as a global framework for combating climate …

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ONE raises millions, now is worth over billion

Successful story: EV battery manufacturer ONE raises $300 million; company now worth $1.2 billion

Michigan-based battery firm Our Next Energy (ONE) announced the completion of a $300 million Series B investment round, bringing the three-year-old business’s valuation to $1.2 billion. Our Next Energy is now among the most highly valued, privately held battery companies in the U.S. This is due to their successful latest round of investment, which was …

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