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fuel-cell

Daimler and Volvo launch €1.2 billion venture to develop hydrogen fuel-cell technology for trucks

December 1, 2020 by David Edwards Leave a Comment

Volvo Group and Daimler Trucks have entered into a joint venture to develop, produce and commercialize hydrogen fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications.

The ambition of both partners is to make the new company a leading global manufacturer of fuel cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050.

Volvo will acquire 50 percent of the partnership interests in Daimler Truck Fuel Cell for approximately €600 million on a cash and debt-free basis. Closing of the transaction is expected during the first half of 2021. [Read more…] about Daimler and Volvo launch €1.2 billion venture to develop hydrogen fuel-cell technology for trucks

Filed Under: News, Transportation Tagged With: agreement, areas, company, daimler, develop, expected, fuel, fuel-cell, future, group, half, joint, power, production, system, technology, transaction, truck, trucks, venture, volvo, well

Bosch increases stake in fuel-cell maker Ceres Power to €90 million

January 23, 2020 by Sam Francis Leave a Comment

Bosch is strengthening its strategic collaboration with fuel-cell expert Ceres Power by increasing its stake to 18 per cent.

Bosch, an industrial giant and a leading provider of automotive systems, previously had a stake in Ceres of 3.9 per cent.

The stake increase is achieved through a subscription by Bosch for new Ceres Power shares, as well as the purchase of further shares from existing shareholders. [Read more…] about Bosch increases stake in fuel-cell maker Ceres Power to €90 million

Filed Under: Manufacturing, News Tagged With: applications, bosch, ceres, development, fuel-cell, investment, power, stake, technology

Nikola and Bosch develop fuel cell powertrain for new truck

May 2, 2019 by Anna

Nikola Motor Company has showcased its hydrogen-electric powered semi-truck, the Nikola Two, at its Nikola World event.

Bosch technology and expertise helped Nikola to realise the fully functional Nikola Two hydrogen-electric truck with industry-ready heavy-duty truck components and systems.

The trucks feature innovations in automation, connectivity and electrification enabled with Bosch’s assistance.

[Read more…] about Nikola and Bosch develop fuel cell powertrain for new truck

Filed Under: News, Transportation Tagged With: advanced, bosch, cab, cameras, driver, fuel-cell, lorry, mirrors, nikola, side, system, truck, trucks, vehicle

Bosch to cooperate in large-scale production of fuel cells for trucks and cars

May 1, 2019 by Anna

Bosch is entering the market for mobile fuel cells and paving the way for the breakthrough of this technology in trucks and cars.

A crucial component is the stack. As the core of the fuel cell, is converts hydrogen into electrical energy.

To further improve and manufacture these stacks, Bosch has now formed an alliance with Powercell Sweden AB, the Swedish manufacturer of fuel-cell stacks.

[Read more…] about Bosch to cooperate in large-scale production of fuel cells for trucks and cars

Filed Under: News, Transportation Tagged With: bosch, cars, cell, cells, cost, energy, fuel, fuel cells, fuel-cell, hydrogen, market, percent, powercell, production, stack, stacks, technology, trucks, will

Hyundai and H2 Energy sign joint venture deal on hydrogen mobility in Europe

April 25, 2019 by Anna

Hyundai Motor Company and H2 Energy AG have signed a contract for a joint venture, Hyundai Hydrogen Mobility, aimed at taking a lead across Europe’s burgeoning hydrogen mobility ecosystem.

To begin the joint venture’s operations, Hyundai Motor will deliver 1,600 fuel cell electric heavy-duty trucks to Hyundai Hydrogen Mobility from 2019 through 2025.

The venture will then lease a large portion of these fuel-cell powered trucks to the H2 Mobility Switzerland Association, which comprises major refuelling station operators, transport and logistics companies, as well as to various other industry players that promote hydrogen mobility in Switzerland. [Read more…] about Hyundai and H2 Energy sign joint venture deal on hydrogen mobility in Europe

Filed Under: News, Transportation Tagged With: cell, commercial, electric, energy, fuel, fuel cells, fuel-cell, h2 energy, hydrogen, hyundai, joint, market, mobility, motor, switzerland, technology, trucks, vehicle, vehicles, venture, will

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