Category: Industry Focus Areas

April 16, 2024

Hanwha Aerospace rolled out its 10,000th military engine on April 15, achieving a major milestone for its indigenous development and manufacturing of aero engines. A ceremony was held at the Changwon Plant I to commemorate the rollout of the 10,000th […]

April 11, 2024

Oil will need to be closely watched in the coming months to ensure “a sound and sustainable market balance” during an expected surge in demand, OPEC said in its monthly oil market report. The producers group maintained its bullish forecasts […]

April 8, 2024

As green hydrogen gains attention as a future clean energy carrier, the question of which renewable energy to utilize as an energy source becomes increasingly important. Among them, solar energy has the advantage of being available everywhere on Earth, with […]

April 8, 2024

The clean energy transition cannot happen without critical minerals. The United States needs to address three key supply chain challenges to meet its ambitions for industry, citizens, and the economy as a whole. These are: China’s supply chain dominance – […]

April 2, 2024

Rivian Automotive Inc. built and delivered more electric vehicles last quarter than Wall Street expected, giving the automaker a needed boost as it grapples with production hurdles and heavy costs. The company made 13,980 EVs in the first three months […]

March 29, 2024

The UK’s Astronomer Royal – his official title – has said government funding should no longer be used to send people into space. Talking in the context of space exploration and inter-planetary travel, he highlights that with the progress of […]

March 28, 2024

The U.S. purchased 2.8 million barrels of crude for the nation’s emergency oil cache as it seeks to replenish depleted supplies. The Energy Department has been slowly refilling the Strategic Petroleum Reserve after it reached a 40-year-low following the Biden […]

March 27, 2024

Aviterra, a Dubai-based company concluded a historic deal with PAL-V to bring the Liberty flying car to the Middle East and Africa. Aviterra is acquiring over 100 PAL-V Liberty flying cars, making an investment, and formalizing a partnership for the […]

March 22, 2024

Today, the U.S. Treasury Department and Internal Revenue Service (IRS) released guidance that provides additional information about the bonus for clean energy projects and facilities under the Inflation Reduction Act (IRA). This bonus is intended to help energy communities harness […]

March 13, 2024

This week marks the third anniversary of the American Rescue Plan Act of 2021 (ARP), and Secretary of the U.S. Department of the Treasury Janet L. Yellen marked the occasion with a visit to Elizabethtown, KY to tour the new […]

March 13, 2024

China’s Xiaomi to start first EV deliveries this month, reports Reuters, on the smartphone manufacturer’s pivot to electric vehicle production. Tesla’s Chinese rival is launching more cheap EVs, reports Quartz, on the new BYD product that retails in China for […]

March 7, 2024

Rivian Automotive is halting plans to build a new multibillion-dollar factory in Georgia, an abrupt reversal aimed at cutting costs while the company prepares to launch a cheaper electric vehicle. The decision will save the automaker more than $2.25 billion […]

March 5, 2024

Global motion technology company Schaeffler will expand its operations in the U.S. with the addition of a new manufacturing facility focused on producing solutions for the electric vehicle (EV) industry. Schaeffler will invest more than $230 million to build the […]

February 29, 2024

Dr. Jung Unho’s research team at the Hydrogen Research Department of the Korea Institute of Energy Research (KIER) has developed Korea’s first clean hydrogen production technology. This technology is based on ammonia decomposition and does not use fossil fuels. The […]

February 26, 2024

Last week, Medtronic said it would shut down its ventilator product lines and reorganize the remaining patient monitoring and respiratory interventions businesses into a new unit, called Acute Care and Monitoring. The decision reverses a planned spin-off of the businesses […]

February 22, 2024

Rivian Automotive Inc. shares fell in early trading after the electric vehicle maker issued a disappointing production forecast and announced another round of job cuts. The maker of plug-in pickups, SUVs and delivery vans expects to build just 57,000 vehicles […]

February 21, 2024

In Maui, Hawaiian Electric is planning a 40-megawatt (MW) renewable energy site to add critical grid reliability to Hawaii and move the island closer to its clean energy goals. Dubbed ‘Ūkiu Energy, the innovative facility will support the state’s commitment […]

February 21, 2024

The transaction closed at a purchase price of $5.5 billion (approximately £4.4 billion), which has been funded through existing cash and new external debt, said the company. Ball Aerospace will be called Space & Mission Systems and become a fourth […]

February 21, 2024

Of these, BEVs accounted for 9.11 million units with a growth rate of 24%, and PHEVs reached 3.91 million units, growing at 45%. TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global […]

February 20, 2024

Boeing and Thai Airways announced today the flagship carrier placed an order for 45 787 Dreamliners as the airline looks to modernize and grow its widebody fleet and international network. Thai Airways selected the 787-9 to support its long-term strategy […]