Payday Advances – Quick Cash Advance CVWZ http://quickcashadvancecvwz.com/ Thu, 13 Jan 2022 11:31:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://quickcashadvancecvwz.com/wp-content/uploads/2021/05/default-1.png Payday Advances – Quick Cash Advance CVWZ http://quickcashadvancecvwz.com/ 32 32 City cancels order for 50 hydrogen buses after realizing electric buses made so much more sense https://quickcashadvancecvwz.com/city-cancels-order-for-50-hydrogen-buses-after-realizing-electric-buses-made-so-much-more-sense/ Tue, 11 Jan 2022 19:59:47 +0000 https://quickcashadvancecvwz.com/city-cancels-order-for-50-hydrogen-buses-after-realizing-electric-buses-made-so-much-more-sense/ The City of Montpellier has confirmed that it has canceled an order for 50 hydrogen fuel cell buses after realizing that it would be cheaper and more efficient to order battery-powered electric buses instead. Hydrogen fuel cell passenger cars are already practically dead. Virtually every vehicle program, from the Toyota Mirai to the Hyundai NEXO […]]]>

The City of Montpellier has confirmed that it has canceled an order for 50 hydrogen fuel cell buses after realizing that it would be cheaper and more efficient to order battery-powered electric buses instead.

Hydrogen fuel cell passenger cars are already practically dead.

Virtually every vehicle program, from the Toyota Mirai to the Hyundai NEXO Fuel Cell, failed to get traction as battery-electric vehicles took over.

However, some proponents of hydrogen have argued that the technology may still be prevalent for larger vehicles like buses and trucks.

The likelihood of this happening is getting harder and harder to believe, and now we get an interesting concrete example of why.

Montpellier, a city in the south of France, has ordered 50 hydrogen fuel cell buses for more than two years.

However, the city updated its plan to decarbonize its public transport last week and noted that it canceled the order after reviewing finances.

Michaël Delafosse, president of the municipality, said that they now expect hydrogen buses to be six times more expensive than electric buses because of the cost of operation (via La Tribune and translated from French):

“Hydrogen technology is promising. But we were helped on the investment but not on the operation. However, it would be six times more expensive than with electric buses. So, for the moment, we are abandoning hydrogen buses, we will see in 2030 if hydrogen is cheaper.

While the city could have bought the hydrogen buses for less money, they calculated that the running cost would be 0.95 euro (1.08 USD) per km for the hydrogen buses, compared to 0.15 euro. (0.17 USD) per km for the battery. the electric ones.

This is mainly due to the cost of producing, storing and distributing hydrogen, which is much higher and more complicated than the charging infrastructure, which mainly relies on an already existing electrical infrastructure.

Even in its most efficient form, producing and distributing hydrogen is far less efficient than powering a vehicle with a battery:

Today Montpellier, like many other cities around the world, is preparing to place an order for electric buses, which the city says will help them achieve their goal of making public transport free for their residents.

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F1 overcame its “reluctance” to introduce synthetic fuels by 2026 · RaceFans https://quickcashadvancecvwz.com/f1-overcame-its-reluctance-to-introduce-synthetic-fuels-by-2026-%c2%b7-racefans/ Fri, 07 Jan 2022 07:15:01 +0000 https://quickcashadvancecvwz.com/f1-overcame-its-reluctance-to-introduce-synthetic-fuels-by-2026-%c2%b7-racefans/ Some Formula 1 fuel suppliers were initially reluctant to embrace the series’ planned switch to synthetic fuels, according to its technical director Pat Symonds. F1’s next generation of powertrains, slated for introduction in 2026, will run on synthetic fuels that are fully sustainable but can be used in a standard internal combustion engine. This is […]]]>

Some Formula 1 fuel suppliers were initially reluctant to embrace the series’ planned switch to synthetic fuels, according to its technical director Pat Symonds.

F1’s next generation of powertrains, slated for introduction in 2026, will run on synthetic fuels that are fully sustainable but can be used in a standard internal combustion engine. This is part of its efforts to reduce its carbon emissions to net zero by 2030.

Although cars generate only 0.7% of the total emissions produced by F1, Symonds said this is important for the image of a sport that is considered “greedy”.

“We had to set some pretty tough goals because we’re a very public sport and it’s kind of a double-edged sword,” Symonds told Blackbook Motorsport. “I’m quite upset when I see the words ‘fuel guzzler’ right next to Formula 1, and you see it so often in the popular press, when the reality is that we are anything but.”

“Environmental sustainability is not only important for Formula 1, it is important for everyone,” he added. “We are no longer debating climate change, this debate ended many years ago. The debate now is how to ensure that we are helping reduce climate change, contributing technologies that will help our planet. “

However, Symonds had to overcome some resistance to move F1 away from conventional gasoline.

“When I started this project, probably early or during 2018, I had a bit of work to do trying to persuade some people that this was something that could be done and something that we had to do. “, did he declare. “I would even say that with certain oil companies, there was reluctance.

“But what’s been really enlightening, what’s been really gratifying, is that over the time we’ve been talking about it people have come on board like I can’t believe.

“Now we see our sponsors, we see our partners, they want this sustainability story. It is important to them. And it’s especially gratifying to see the oil companies getting involved as well. As you know we have a global partner in Aramco [who] are absolutely decisive in this program. It is the biggest oil company in the world which invests really very considerable resources in a program like Formula 1. “

Reaching F1’s net goal of zero by 2030 will be “very difficult,” Symonds admitted. But he believes the synthetic fuel route is the right one for Formula 1 despite the growing popularity of electric road vehicles.

“I am not totally convinced that electrification is the only answer,” he said. “That’s a very, very important part of the answer, there’s no question about it, and I think it’s probably the ideal urban response. But I think what we’ll always push is that’s not the only answer.

“There are many parts to a low carbon future, and we need to be fully engaged in what those parts are. No matter what they are, we just need to be there, we need to be a part of them.

“We will definitely increase our hybridization. Our next formula might not be exactly 50-50 internal combustion engine horsepower and electric horsepower, but certainly not far from it. And by engaging in this area of ​​technology, we will move it forward. “

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World’s first hydrogen-powered double-decker bus launched as UK fuel investments continue https://quickcashadvancecvwz.com/worlds-first-hydrogen-powered-double-decker-bus-launched-as-uk-fuel-investments-continue/ Wed, 29 Dec 2021 08:00:00 +0000 https://quickcashadvancecvwz.com/worlds-first-hydrogen-powered-double-decker-bus-launched-as-uk-fuel-investments-continue/ Wrightbus developed the world’s first hydrogen-powered double-decker bus and has already carried passengers to the West Midlands. Birmingham City Council’s 20 zero-emission double-decker trains began service on the National Express West Midlands 51 to Walsall via Perry Barr in mid-December. Outside of London, these are the only hydrogen buses operating in England. They were purchased […]]]>

Wrightbus developed the world’s first hydrogen-powered double-decker bus and has already carried passengers to the West Midlands. Birmingham City Council’s 20 zero-emission double-decker trains began service on the National Express West Midlands 51 to Walsall via Perry Barr in mid-December.

Outside of London, these are the only hydrogen buses operating in England.

They were purchased as part of the City Council’s Clean Air Hydrogen Bus Pilot, which plays a leading role in the zero-emission logistics market.

It is hoped that this step will be the catalyst for the next generation of hydrogen buses, hydrogen production and the development of refueling infrastructure.

Councilor Waseem Zaffar, a member of Birmingham City Council’s transport and environment cabinet, praised the project.

READ MORE: New classic car driving laws could ‘impact owners’ freedoms’

It is estimated that these 20 hydrogen buses will save 631 kg of toxic nitrogen oxides (NOx) emissions per year.

It will also prevent 1,560 tonnes of carbon from escaping into the atmosphere.

They can travel 300 km with a single tank, with refueling time typically between seven and 10 minutes.

Drivers need to be specially trained to drive hydrogen buses as they behave differently from combustion engine buses.

Bus drivers learn to conserve fuel cell charge as long as possible to extend the distance the vehicle can travel before needing to refuel.

Neil Collins, Wrightbus MD, said it was fantastic to see the buses in passenger service for the first time in Birmingham.

He said: “We are incredibly proud of the role Wrightbus is playing in the race to Net Zero. About 70 percent of the buses we produce next year will be zero-emission vehicles.

“Our Hydroliners have already kept over 1.3 million kg of CO2 from entering the atmosphere compared to the same journeys made in diesel buses, totaling over 782,000 miles in the process.

“Birmingham’s Hydroliner buses will help keep even more harmful emissions from entering the city’s air, for the benefit of passengers and local residents.”

It comes as a number of automakers are seeing hydrogen as a realistic option for fueling vehicles once the 2030 ban on the sale of new gasoline and diesel vehicles goes into effect.

The government released its UK hydrogen strategy in August, which outlined plans for using hydrogen in transport in the future.

He announced funding worth £ 23million to support the Hydrogen for Transport program which aims to support its use specifically for transport.

Automakers like Toyota and Hyundai are already investing in hydrogen as an alternative fuel with their Mirai and NEXO vehicles respectively.

Although there are very few hydrogen refueling stations in the UK, it is hoped that the investment from automakers and Bosch will initiate a hydrogen revolution, similar to mass investment in electric vehicles. .

Bosch is also set to invest £ 800million in fuel cell and truck development with the aim of upgrading technology on offer in the UK.

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Daimler Truck goes public after Mercedes split https://quickcashadvancecvwz.com/daimler-truck-goes-public-after-mercedes-split/ Mon, 13 Dec 2021 03:46:00 +0000 https://quickcashadvancecvwz.com/daimler-truck-goes-public-after-mercedes-split/ Frankfurt: Daimler Truck was launched on the Frankfurt Stock Exchange on Friday after the division of the heavy-duty activity of its holding company, which will soon be renamed Mercedes-Benz. Truck horns accompanied the ringing of the market opening bell by Daimler Truck Managing Director Martin Daum. Daimler Truck opened the day at 28 euros, valuing […]]]>
Frankfurt: Daimler Truck was launched on the Frankfurt Stock Exchange on Friday after the division of the heavy-duty activity of its holding company, which will soon be renamed Mercedes-Benz.
Truck horns accompanied the ringing of the market opening bell by Daimler Truck Managing Director Martin Daum.
Daimler Truck opened the day at 28 euros, valuing the company at 23 billion euros ($ 26 billion). The share price rose to around 30 euros at the stock market price before falling again during the afternoon.
The IPO was a “historic day,” Daum told AFP, adding that the industry was going through “the biggest upheaval in its history” as it ditched combustion engines.
Daimler Truck is targeting DAX entry, with the next 40-member top-notch index update in the first quarter of 2022.
The former home of the new truck group, Daimler, will be renamed Mercedes-Benz after its famous luxury car brand in February next year.
The German auto giant’s disbandment and the new nickname were approved in October by shareholders, who will receive one Daimler Truck share for two they own in Mercedes.
The reorganization was carried out with the aim of meeting the various technological challenges of the two companies as the automotive sector moves away from combustion engines.
– Future performance – While battery technology is essential for the future of passenger cars, “hydrogen will play an important role in the truck department,” said Ola Kallenius, CEO of Daimler, who will remain at Mercedes-Benz .
More sustainable vehicles were the goal of both companies “but the roads we will take to get there are different,” Kallenius told AFP when the market opened.
In total, 65% of the shares of the new entity will pass to Daimler shareholders, with the remaining 35% being held by the company itself.
The former group will continue to be represented on the supervisory board of Daimler Truck, although the day-to-day operations of the two companies are largely separate.
Daimler Truck, which employs around 100,000 people for the production of trucks, buses and specialty vehicles, is targeting a “double-digit” profit margin on its sales by 2025.
In 2021, the new group expects a figure of the order of six to eight percent, because the shortage of semiconductors, essential component, has pushed up prices for the industry.
Daimler fell 15.1% at the opening of the exchange, a technical adjustment linked to the split of the truck group. The price climbed 1.37% during the day to 74.20 euros at 2:10 p.m. GMT.


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Trucks Catch Up in Autonomous Vehicle Race, Auto News, ET Auto https://quickcashadvancecvwz.com/trucks-catch-up-in-autonomous-vehicle-race-auto-news-et-auto/ Thu, 09 Dec 2021 06:21:00 +0000 https://quickcashadvancecvwz.com/trucks-catch-up-in-autonomous-vehicle-race-auto-news-et-auto/ In the year to December 6, total investment activity in autonomous logistics vehicles quintupled to $ 6.5 billion, from $ 1.3 billion in the same period in 2020 , according to the PitchBook starter data platform. By Nick Carey and Paul Lienert OXFORD: We’d all be spinning around in the robotic axis by now if […]]]>
In the year to December 6, total investment activity in autonomous logistics vehicles quintupled to $ 6.5 billion, from $ 1.3 billion in the same period in 2020 , according to the PitchBook starter data platform.

By Nick Carey and Paul Lienert

OXFORD: We’d all be spinning around in the robotic axis by now if Elon Musk had been right.

Instead, fully self-driving cars struggle to pull away from the starting grid, and some investors are betting that driverless trucks will reach the checkered flag first.

Just a year ago, startups developing robotaxis attracted eight times more funding than companies working on trucks, buses and autonomous logistics vehicles, but the gap has narrowed significantly in 2021.

With fewer regulatory and technological barriers, trucks traveling on major highways, fixed delivery routes, or in environments away from cyclists and pedestrians such as mines and ports are now seen as a faster way to generate revenue. returns.

In the year to December 6, total investment activity in autonomous logistics vehicles quintupled to $ 6.5 billion, from $ 1.3 billion in the same period in 2020 , according to the PitchBook starter data platform.

The investment activity of robotaxi companies, meanwhile, fell 22% to $ 8.4 billion from $ 10.8 billion in the same period, according to PitchBook data compiled for Reuters.

The numbers may even underestimate the trend, as some robotaxi companies such as Alphabet Inc’s Waymo are also pumping more money into their own autonomous trucking operations.

In the latest trucking deal, Robotic Research said on Thursday it had raised $ 228 million by bringing in outside investors for the first time to expand its truck, bus and autonomous logistics vehicle business.

The new money comes from investors such as SoftBank’s Vision Fund 2, Enlightenment Capital and Luminar Technologies, which makes lidar sensors used in self-driving cars.

Robotic Research chief executive Alberto Lacaze told Reuters the company is deploying autonomous vehicles on a large scale where the business case works for customers “right now.”

“They don’t have to wait until 2025, unlike the robotic axis where you have to drop the cost of all sensors by an order of magnitude,” he said.

OVERPROMISES

As recently as 2019, Tesla’s Musk had promised a million robotaxis “next year for sure,” but self-driving cars that can safely navigate anywhere are still a long way off.

Peter Rawlinson, head of electric vehicle (EV) start-up Lucid Motors, said last month it would take a decade before fleets of robotic axles hit the roads – even with the most advanced sensors.

PitchBook’s senior mobility analyst Asad Hussain said startups such as Gatik, which makes short-haul self-driving vans, and Nuro with its mini delivery robots, could outshine Waymo and compete with Cruise over the years. next few years in large-scale marketing.

Yet, while long-haul trucks are easier to automate than robots, because major highways are simpler environments than busy urban roads, leaders of self-driving truck companies are cautious about how fast they can go. grow in power.

“We are very aware of the excessive promises made by the industry,” said Cheng Lu, general manager of autonomous truck technology company TuSimple, which went public in April with a market value of $ 8.5 billion.

“The industry now understands the complexity of the problem and that it will take longer to resolve,” he said.

For now, TuSimple has a fleet of around 50 trucks with on-board safety drivers crisscrossing America’s hottest southern states, but it plans to have a nationwide network covering major US highways from around the world. ‘by 2024.

This will involve major investments in highway mapping, learning how to deal with more difficult weather and road conditions further north and in new autonomous trucks being developed by Navistar, which is part of Volkswagen’s Traton.

‘A LONG TRIP’

But rolling out a true nationwide grid could take years, as autonomous trucks still face a major challenge – human drivers.

An autonomous vehicle will always brake if it encounters a “human man loaded with testosterone,” said Ralf Klaedtke, chief technology officer at TE Connectivity, which makes sensors and electronic systems to handle masses of autonomous driving data for the driver. ‘automobile industry.

“The autonomous vehicle will always be the slowest in mixed traffic,” he said.

Paul Newman, founder of UK autonomous vehicle software startup Oxbotica, said robotaxis remains his “North Star,” his clear long-term goal.

But for now, it is focusing on simpler applications, some of which use a fully electric autonomous vehicle designed for this purpose by Australian startup Applied EV.

“It’s a long journey,” he says, pointing to test vehicles at the company’s headquarters in Oxford, England. “It is one of the most difficult engineering problems to solve.”

Oxbotica is working on vehicles for mining in partnership with Wenco, which is part of Hitachi Construction Machinery, and on many different options with energy company BP, such as vehicles for remote wind and solar farms.

Morag Watson, BP’s senior vice president for digital science and engineering, said Oxbotica’s technology could monitor large sites or transport equipment to humans undertaking repairs. She said they will be testing many different options in 2022.

“We’ve barely scratched the surface of what we can do with industrial autonomy,” Watson said.

Oxbotica also works with UK food delivery and online technology company Ocado, which automates supply chain systems for US retail chain Kroger. BP and Ocado have both invested in Oxbotica.

Alex Harvey, head of advanced technology at Ocado, said Oxbotica’s technology could be used “in the warehouse, in the yard, on the road or from the sidewalk to the kitchen.”

NO LEFT TURNING!

U.S. autonomous electric vehicle maker Outrider has targeted distribution yards – picking up trailers after truckers drop them off and lining up new ones to haul – including at a Chicago yard for the Georgia-Pacific paper company.

Outrider has developed a robotic arm for the truck to connect and disconnect trailers. It has raised $ 118 million so far and chief executive Andrew Smith has said it will grow to thousands of vehicles over the next five years.

The startup wants to start making short hops between job sites, but operating on public roads adds complexity, Smith said.

“We saw through the early hype of the technology and the proven distribution fleets were the perfect short term solution with their low speed repetitive operations in confined environments,” he said.

Getting out on the public highway requires traveling with caution, in part because of regulations, but also because of the legal pitfalls of a contentious market like that of the United States.

Ian White, chief executive of digital insurer Koffie Labs, said a crash of a “billion dollar black swan” could wipe out any business that goes too fast and gets it wrong.

“You would put your record on the line,” he said.

This is why Gatik has taken a cautious approach to its “mid-point” delivery routes between distribution centers and retailers, said managing director Gautam Narang.

Gatik’s trucks take short, predictable routes avoiding left turns through oncoming traffic, schools, hospitals, fire stations, blind turns – or whatever is complicated.

“We are not working on all the sticky situations that the autonomous vehicle industry is trying to solve,” he said. “We are taking small steps using routes that are problem free from a complexity perspective. ”

Gatik works with Walmart Inc and Loblaw Companies Ltd using self-driving trucks with safety drivers, although he operates some unmanned routes in Arkansas and sees the global driver shortage as an opportunity.

“We decided to focus on a simpler use case where the need was very acute,” Narang said. “We are not building technology for technology.”

Read also :

Now these questions are at the heart of an investigation by the National Highway Traffic Safety Administration after at least 12 crashes in which Teslas using Autopilot drove in parked fire trucks, police cars and other emergency vehicles. , killing one person and injuring 17 others.g

While much of the early focus on autonomous vehicles was on the robotic axis, more investment is being made in less complicated uses of logistics that can generate revenue much sooner.


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ABB Capital Markets Day 2021: cementing the culture of performance https://quickcashadvancecvwz.com/abb-capital-markets-day-2021-cementing-the-culture-of-performance/ Tue, 07 Dec 2021 05:47:00 +0000 https://quickcashadvancecvwz.com/abb-capital-markets-day-2021-cementing-the-culture-of-performance/ ABB will be holding its Capital Markets Day today, December 7, starting at 12:00 p.m. CET. At the event, CEO Björn Rosengren, CFO Timo Ihamuotila, along with other members of the executive committee, will provide an update on ABB’s ongoing transformation into a more profitable group with growth rates increased, updated financial goals and portfolio […]]]>

ABB will be holding its Capital Markets Day today, December 7, starting at 12:00 p.m. CET. At the event, CEO Björn Rosengren, CFO Timo Ihamuotila, along with other members of the executive committee, will provide an update on ABB’s ongoing transformation into a more profitable group with growth rates increased, updated financial goals and portfolio management. efforts. In addition, they will give an overview of its technologies and offers that promote sustainable transport.

“Over the past 24 months, ABB has made solid progress in implementing its decentralized organization and improving the quality of revenues. But we are still not where we want to be, ”said CEO Rosengren. “Our technological leadership in electrification and automation, aligned with sustainability and global megatrends, is at the heart of ABB’s goal and gives us a competitive advantage. Nonetheless, we must cement a culture of high performance and integrity in everything we do. Therefore, an increased focus on accountability, transparency and speed in 2022 will help drive growth, increase profitability and create more shareholder value. “

 

Improving performance

 

Since the start of 2020, ABB has decentralized its organization to bring business decisions closer to the customer and successfully rolled out its new operating model called ABB Way, including the introduction of a scorecard-based performance management system. Furthermore, the Group has focused on a better quality of revenues by targeting high-growth segments (e.g. data centers, food and beverage, EV charging), growing the software portfolio, increasing revenues through distributors and enlarging the exposure to short-cycle products.

 

ABB has lifted its revenue growth target to 4-7% through the economic cycle, in constant currency, which is the total of 3-5% organic growth and 1-2% acquired growth. ABB also sharpened its operational EBITA margin target to be at least 15% as from 2023. These changes take into account the immediate adverse margin impacts due to the exit of the Dodge (MPT) and Turbocharging divisions. The Group had previously targeted 3-5% for revenue growth through the cycle and an operational EBITA margin in the upper half of a 13-16% range as from 2023.

 

CEO Rosengren added: “Order activity has remained robust this far and we anticipate a positive market momentum in the business year 2022. That said, we still have to manage the disruptions in the supply chain, which most likely will impact customer deliveries in the fourth quarter and at least the early part of next year.”

 

ABB is more optimistic about its revenue growth prospects not only because of its global leading businesses and its decentralized operating model but also because it will benefit from important secular trends. For example, energy efficiency is a key driver for decarbonizing the economy, including the industrial sector, while declining working age populations and rising labor costs are driving demand for automation in industrial and other sectors.

 

Approximately 60% of the Group’s divisions are currently in growth mode, which means they focus both on organic growth, as well as M&A opportunities that can fill technology gaps, focus on high-growth segments and open up new geographic markets.

 

ABB is expecting to make five or more small to mid-sized acquisitions per year. This will be funded through the Group’s “continued strong cash flow generation,” said CFO Timo Ihamuotila. He also reiterated ABB’s capital allocation priorities of funding organic growth, paying a rising sustainable dividend per share, making value-creating acquisitions and returning additional cash to shareholders via share buyback programs.

 

Portfolio management progress

 

Last year, ABB announced the exit of three divisions of which the Dodge (MPT) business has already been successfully sold in November. At today’s event, CEO Rosengren will give an update on the Group’s ongoing portfolio management efforts. This includes exiting the Turbocharging division (PA) through a spin-off to existing shareholders or a divestment and is targeted for summer 2022. The final decision will be based purely on which route creates the most value. ABB also plans to divest its Power Conversion (EL) division in the second half of 2022 as it continues to improve its business’ performance.

 

In addition, ABB is continuing to work towards an initial public offering of its E-mobility division (EL). The legal separation is expected to be completed during Q1 2022 and if market conditions remain favorable, a listing in Switzerland would be targeted for the first half of 2022. ABB would retain a majority shareholding in the future listed entity.

 

Sustainable transport

 

At today’s event, the four business area Presidents will present their product portfolios that enable sustainable transport, representing in total 10% of Group order intake. ABB has been outperforming this market segment for the last five years, growing at an estimated 17% per annum and expects to continue to outgrow the market, which is estimated to show double-digit growth in the mid-term. Key product drivers will be EV charging for cars and busses, traction systems in railways, trucks and mines and green hydrogen technology in the marine sector.

 

One particular highlight is the growing demand for electric vehicles (EVs), whose sales are expected to exceed non-EV sales by 2035*, driven by the global electrification, decarbonization and digitalization trends. For example, the Robotics division is the second largest provider of technology for the assembling of the powertrain and battery, the car body, as well as the painting and sealing of EVs. Furthermore, ABB is the leading company for charging solutions (AC & DC) to passenger e-cars, e-buses and e-trucks, as well as rail infrastructure.

 

Sustainability strategy: Circularity framework rollout

 

At last year’s CMD, ABB unveiled its ambitious Group 2030 sustainability strategy based on three pillars of enabling a low-carbon society, preserving resources and promoting social progress. Significant steps have already been made, above all through ABB technology supporting customers in reducing their annual CO(2) emissions by more than 100 megatons, which is the equivalent of 30 million combustion cars.

 

In 2022, ABB will introduce a circularity framework covering every stage of the product lifecycle in order to preserve resources. It will include stages: design and sourcing; production and packaging; optimizing the use phase (efficiency and lifetime); and the end-of-life phase (take back and recycling). The goal is to have 80% of ABB products, solutions and services covered by the circularity framework by 2030, with the company’s progress measured against a set of KPIs. Already today, several initiatives are in place. For example, close to 40% of ABB’s 400 sites across the world are sending zero waste to landfills.

 

*Source: Long-term Electric Vehicle Outlook 2021, BloombergNEF

 

Note to editors: The Capital Markets Day can be followed on the ABB Investor Relations website from midday to 5.00 pm CET.

 

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com

 

Important notice about forward-looking information

 

This press release includes forward-looking information and statements which are based on current expectations, estimates and projections about the factors that may affect our future performance, including the economic conditions of the regions and industries that are major markets for ABB. These expectations, estimates and projections are generally identifiable by statements containing words such as “anticipates”, “expects,” “believes,” “estimates,” “plans”, “targets”, “aims” or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets or anticipated transactions. Some important factors that could cause such differences include, among others, business risks associated with the COVID-19 pandemic, the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd’s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved. The foregoing list of factors is not exclusive and undue reliance should not be placed upon any forward-looking statements, including projections, which speak only as of the date made.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20211206005878/en/

CONTACT: ABB Ltd

Affolternstrasse 44

8050 Zurich

Switzerland

Media relations

Telephone: +41 43 317 71 11

Email: media.relations@ch.abb.com

Where

Investor Relations

Telephone: +41 43 317 71 11

Email: Investor.relations@ch.abb.com

SOURCE: ABB Copyright Business Wire 2021


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As Freeport converts mining trucks to green power, costs unclear, Auto News, ET Auto https://quickcashadvancecvwz.com/as-freeport-converts-mining-trucks-to-green-power-costs-unclear-auto-news-et-auto/ Thu, 02 Dec 2021 07:11:00 +0000 https://quickcashadvancecvwz.com/as-freeport-converts-mining-trucks-to-green-power-costs-unclear-auto-news-et-auto/ The mining industry grapples with its paradoxical role as a supplier of copper, lithium and other building blocks of renewable technologies, even as operations contribute to global warming. By Ernest Scheyder Copper mining giant Freeport-McMoRan Inc is converting its fleet of diesel trucks and other machinery to electricity or hydrogen, a transition needed to tackle […]]]>
The mining industry grapples with its paradoxical role as a supplier of copper, lithium and other building blocks of renewable technologies, even as operations contribute to global warming.

By Ernest Scheyder

Copper mining giant Freeport-McMoRan Inc is converting its fleet of diesel trucks and other machinery to electricity or hydrogen, a transition needed to tackle climate change although the costs are not yet known, said the chief executive Richard Adkerson in an interview with Reuters Next conference.

The mining industry grapples with its paradoxical role as a supplier of copper, lithium and other building blocks of renewable technologies, even as operations contribute to global warming.

Freeport, which operates mines in the Americas and Indonesia, has around 600 transport trucks – some of which move more than 400 tonnes (881,850 pounds) of earth per load – and plenty of other equipment.

To power those machines, Freeport bought 180 million gallons of diesel last year, according to regulatory documents, contributing to its so-called range one (direct) emissions.

“We need to make investments to reduce carbon emissions,” Adkerson said in the interview released Wednesday. “We’re going to do it. It’s going to cost money.”

The Phoenix, Arizona-based company is testing electric and hydrogen trucks and studying alternative fuel sources for its coal-fired power plant in Indonesia, where it operates the world’s second-largest copper mine.

Freeport is also participating in the Charge on Innovation Challenge with Rio Tinto Ltd, BHP Group Ltd and others to help better electrify mine sites.

It has joined hydrogen fuel consortia in South America and plans to test diesel-electric trucks from Komatsu Ltd and Caterpillar Inc. next year.

Energy accounts for about 20% of Freeport’s annual operating costs, although it’s not yet clear how that might change once the entire fleet is converted, the company said.

“There will be an impact on the offer due to the conversion of all of this,” Adkerson said. “There are more questions than answers right now.”

But Adkerson, who has been CEO since 2003, said it was “absolutely necessary” for Freeport to reduce its emissions. He cited the extreme weather conditions caused by global warming and the incongruity of copper mining creating emissions when the metal is needed for green energy solutions.

“The world is going to need copper, and yet copper mining has emissions,” he said.

The International Council on Mining and Metals (ICMM), an industry trade group chaired by Adkerson, set a goal in October for all members – including Freeport – of direct and indirect net carbon emissions by 2050. or earlier, in part by removing the diesel- powered equipment.

Freeport is also exploring ways to reprocess waste rock at its mine sites to extract about 10 billion pounds or more of copper. Adkerson said it was too early to say how much copper could possibly be produced using this method, but added, “Our tech team are really excited about this.”

In Spain, Freeport recycles electronic waste in one of its foundries. The operation is not expected to become a major focus for the company, which prefers to focus on operating large mines, Adkerson said.

“This scrap (of copper) will be needed because of what I believe is the real copper shortage to come,” he said. “We just don’t see (recycling) as a business opportunity for Freeport.”

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Although the aluminum market is expected to grow globally, Mitsubishi Materials has decided to divest its aluminum business as it is difficult to find synergies with its other businesses such as copper products for electric vehicles and cement. , he said in a statement.

Today, about 70 percent of the steel is made in coal-fired blast furnaces, 25 percent is produced from scrap metal in electric furnaces, and 5 percent is made in a newer process, usually fired by gas. natural gas, known as DRI, or direct reduction. iron.


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Green energy: WA and the Port of Rotterdam collaborate on renewable hydrogen https://quickcashadvancecvwz.com/green-energy-wa-and-the-port-of-rotterdam-collaborate-on-renewable-hydrogen/ Wed, 01 Dec 2021 00:54:25 +0000 https://quickcashadvancecvwz.com/green-energy-wa-and-the-port-of-rotterdam-collaborate-on-renewable-hydrogen/ Western Australia has signed a Memorandum of Understanding (MoU) with Europe’s largest seaport, the Port of Rotterdam, which is establishing itself as a major hydrogen import hub. The two sides will work together to study the renewable hydrogen export supply chain between WA and the Port of Rotterdam, including the production, storage, transport and use […]]]>

Western Australia has signed a Memorandum of Understanding (MoU) with Europe’s largest seaport, the Port of Rotterdam, which is establishing itself as a major hydrogen import hub.

The two sides will work together to study the renewable hydrogen export supply chain between WA and the Port of Rotterdam, including the production, storage, transport and use of renewable hydrogen.

The Washington State Government and the Port of Rotterdam will also cooperate on knowledge sharing opportunities relating to policy, regulatory and technological developments.

Hydrogen Industry Minister Alannah MacTiernan said: “With this MoU, we will better understand the hydrogen export supply chain between Western Australia and the port. of Rotterdam, and what we need to do to make sure that the state is an exporter of choice to Europe. . “

Port of Rotterdam CEO Allard Castelein said that although the distance between Australia and Europe may appear remote, the “excellent” local conditions such as amount of sunshine, wind, availability of water The space and investment climate in WA could potentially lead to a competitive hydrogen product. delivered to the North West European market.

“This new energy from below, distributed through the Rotterdam terminals and the hydrogen backbone, could further contribute to decarbonizing European industries and society as a whole,” Castelein said.

“This is important both for stopping climate change and for the long-term sustainability of businesses and the economy. “

Lion signs MoU with Bus Queensland owner

Lion Energy (ASX: LIO) has signed a Memorandum of Understanding with Pulitano Investments Pty Ltd to explore long-term collaborative opportunities in the field of hydrogen mobility.

More importantly, the agreement will see Lion Energy potentially produce and distribute hydrogen to meet the needs of the future pilot and commercial fleet of hydrogen buses of the Pulitano group.

The intended outcome of the MOU will be to identify possible sites and define trade agreements in detail, in order to negotiate a formal offtake agreement in the future.

Tlou Energy advances financing for Lesedi gas-to-electricity production project

In other green energy news today, Tlou Energy (ASX: TOU) is preparing to finance the construction of the transmission line infrastructure that will connect the Lesedi project in Botswana to the Botswana Power grid. Corporation, after signing a $ 5 million convertible note agreement with Botswana Public Offers Pension Fund (BPOPF).

In addition, the company has accepted the conditions of a capital investment by BPOPF. The funds will also be used to realize the installation of generating assets, as well as the ancillary costs to facilitate the production of electricity and the sale of electricity.

TOU Managing Director Tony Gilby said: “With the funds now in place along with the approvals and agreements required to commercialize our gas, we look forward to further development. “

Shares of TOU were up 10.91% to 6.1 cents at the time of writing.

The note may be converted into ordinary shares upon exercise of the conversion option by BPOPF at a discount of 10% from the weighted average price of the TLOU shares.

The Weighted Average will be calculated based on the highest ESB / ASX / AIM trading volume during the 90 trading days preceding the Maturity Date.

Tlou Energy said that when converting the note into fully paid shares, the shares will be classified “pari passu” (i.e. classified in the same way as the existing TOU shares within the capital structure. .

TOU will also obtain all regulatory and shareholder approvals, if applicable.

The power generation company is developing clean energy solutions for Botswana and the sub-Saharan region to alleviate some of the region’s chronic power shortage.

At Lesedi, Tlou Energy is working with its hydrogen technology partner Synergen Met to establish natural gas reserves with abundant solar power to produce green hydrogen.

The prototype hydrogen production unit is being designed, built and tested in Brisbane before being transported to Lesedi in the first half of 2022, when production trials begin.

Approvals are in place to allow the start of development where the first phase will see a 10 MW power project with power sold to the Botswana Power Corporation.

Once in full production, the 10MW generation company could generate annual revenue of around US $ 10 million.


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EU seeks to cut cost of hydrogen https://quickcashadvancecvwz.com/eu-seeks-to-cut-cost-of-hydrogen/ Mon, 29 Nov 2021 11:25:13 +0000 https://quickcashadvancecvwz.com/eu-seeks-to-cut-cost-of-hydrogen/ The European Commission aims to reduce the cost of hydrogen production in the context of decarbonization. This will create “hydrogen valleys” in the Netherlands, Italy and Spain. “I am very proud of Europe’s role as a global pioneer in clean hydrogen,” said Ursula von der Leyen, President of the European Commission at the opening of […]]]>

The European Commission aims to reduce the cost of hydrogen production in the context of decarbonization. This will create “hydrogen valleys” in the Netherlands, Italy and Spain.

“I am very proud of Europe’s role as a global pioneer in clean hydrogen,” said Ursula von der Leyen, President of the European Commission at the opening of European Hydrogen Week.

She mentions a number of projects, including fuel cells and electrolysers.

“At the start of this year, more than 200 new hydrogen projects were announced around the world. 55 percent of them are in Europe. It is therefore a leadership position that we have built over the years, ”she declared.

“For example, the European Union started before the rest of the world to invest in a new generation of electrolysers, designed to work with renewable energies. As a result, Europe is today the world leader in patents and publications on this technology. Some of the larger electrolysers of this new type are already operating in Europe. For example, there is one in Linz, Austria, which produces green hydrogen to power a steel plant.

“It is starting to be competitive from an economic point of view as well. Due to the current rise in gas prices that we are all seeing, green hydrogen may even today be cheaper than gray hydrogen. Our goal should be to bring the cost below 1.8 € per kilo by 2030. And that goal is within our grasp.

Earlier this year, the Norwegian electrolyzer manufacturer Nel set its own target of $ 1.50 / kg (€ 1.33 / kg) of green hydrogen produced from renewable energies by 2025 It is based on a large project to convert a coal-fired power station in Hamburg, Germany, into a 100 MW hydrogen electrolyser.

Achieving cost parity with oil will require significant investments and partnerships with the private sector and researchers under a new “Clean Hydrogen Partnership”, initially announced in February.

“We need to increase the production of clean hydrogen, expand its applications and create a virtuous circle where demand and supply feed and lower prices. This is the principle. It is without a doubt a global company, but I want Europe to lead the race, ”she said.

She mentions seven new projects worth over € 1 billion that will be funded by the European Innovation Fund, four of which are hydrogen-related, from green steel in Sweden to carbon capture in France.

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“Take, for example, the region of Groningen in the north of the Netherlands. The region has large amounts of renewable energy from its offshore wind turbines. Two electrolysers will use this renewable energy to produce green hydrogen. This hydrogen will then fuel industries, fuel public transport, heat homes and be stored underground. By the end of 2025, the north of the Netherlands will host a full green hydrogen value chain, and this hydrogen valley will create more than 20,000 jobs in the region.

“We are extending the same model to other regions, there are a lot of regions that want to follow, from the island of Mallorca to the border region between Italy, Slovenia and Croatia. This is how we can accelerate the local hydrogen economy, en route to a European hydrogen economy as a whole. “

ec.europa.eu/growth/industry/strategy/industrial-alliances/european-clean-hydrogen-alliance_en

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Hexagon Purus signs long-term supply agreement for fuel cell buses https://quickcashadvancecvwz.com/hexagon-purus-signs-long-term-supply-agreement-for-fuel-cell-buses/ Fri, 26 Nov 2021 18:31:24 +0000 https://quickcashadvancecvwz.com/hexagon-purus-signs-long-term-supply-agreement-for-fuel-cell-buses/ Illustrated hydrogen bus concept. Photo credit: Hexagon Purus Hexagon Purus (Kassel, Germany) has signed a Long Term Exclusive Supply Agreement (LTA) with one of the leading European bus suppliers. Under the agreement, Hexagon Purus will supply hydrogen storage systems for the OEM’s next-generation two-axle (12 meters) and articulated (18 meters) fuel cell bus offerings. This […]]]>

Illustrated hydrogen bus concept. Photo credit: Hexagon Purus

Hexagon Purus (Kassel, Germany) has signed a Long Term Exclusive Supply Agreement (LTA) with one of the leading European bus suppliers. Under the agreement, Hexagon Purus will supply hydrogen storage systems for the OEM’s next-generation two-axle (12 meters) and articulated (18 meters) fuel cell bus offerings. This OEM is a long-time Hexagon Purus customer. Deliveries under the LTA will take place between 2021 and 2024 with an estimated sales value of around 30 million euros (including some deliveries already made in 2021).

The hydrogen storage systems will be supplied by Hexagon Purus’ facilities in Kassel, Germany, and will include lightweight Type IV cylinders from Hexagon Purus, providing a range of 350 kilometers.

“This agreement is a testament to the close collaboration with our long-standing client. We both share a common vision and interest: to drive zero emission mobility, ”says Michael Kleschinski, EVP Hexagon Purus. “We are pleased that an increasing number of countries are considering hydrogen technology, which is an excellent green solution for decarbonizing public transport. “

According to Hexagon Purus CEO Morten Holum, the company is seeing the adoption of zero-emission mobility solutions accelerate, which will ultimately lead to the rapid transition of more commercial vehicles, especially city buses, Holum reports. .


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