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Form Energy’s stealthy ‘aqueous air battery’ with 150-hour duration gets another $70 million

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The holy grail of energy storage has always been low-cost and long-duration. Form Energy intends on deploying a 1 MW/150 MWh system with a Minnesota utility before 2023, an unprecedented energy storage duration if successful.

Mateo Jaramillo, CEO and co-founder of Form Energy, revealed that the stealthy company closed a Series C funding of more than $70 million, as per Reuters. Funding in the startup now totals more than $120 million. The CEO did not disclose the investors nor has it disclosed its core technology.

Form Energy remains a secretive, long-duration energy storage startup funded by Bill Gates’ Breakthrough Energy Ventures and other investors.

The company has revealed that its fundamental energy storage technology is an “aqueous air battery system” that “leverages some of the safest, cheapest, most abundant materials on the planet” in order to commercially deploy a 1 MW/150 MWh long-duration storage solution.

Typical lithium ion battery storage systems provide four hours of storage compared to Form’s remarkable of 150 hours of storage. It’s not exactly the “seasonal” storage that Mateo Jaramillo, CEO of Form Energy, had spoken of in the past — but it’s a few orders of magnitude better than what can be done today.

Unconfirmed sources claim that Form’s sulfur battery chemistry can only support very low discharge rates “and they’re trying to pass it off as an advantage. Pretty much any battery can hold energy for 150 hours or more.”

The CEO, an energy storage veteran, has referred to the company’s product as a “bi-directional power plant” and claims that this level of  duration allows for “a fundamentally new reliability function to be provided to the grid from storage, one historically only available from thermal generation resources.”

The first project

Form Energy’s first commercial project is a 1 MW, grid-connected storage system capable of delivering its rated power continuously for 150 hours with Minnesota-based utility Great River Energy.

Great River Energy is a not-for-profit wholesale electric power cooperative that provides electricity to 28 member-owner distribution cooperatives, serving 700,000 families, farms and businesses. It’s Minnesota’s second-largest electric utility.

“Commercially viable long-duration storage could increase reliability by ensuring that the power generated by renewable energy is available at all hours to serve our membership. Such storage could be particularly important during extreme weather conditions that last several days. Long-duration storage also provides an excellent hedge against volatile energy prices,” said Great River Energy VP Jon Brekke, in a release.

“A true low-cost, long-duration energy storage solution that can sustain output for days, would fill gaps in wind and solar energy production that would otherwise require firing up a fossil-fueled power plant,” said Jesse Jenkins, an assistant professor at Princeton University.

Dispatchable renewables

True low-cost, long-duration energy storage has always been the missing piece in making intermittent wind and solar act like baseload thermal generation year-round.

While there’s been a lot of chatter about long-duration energy storage, other than pumped hydro, there’s been little in the form of commercial deployment. Companies that have pursued long-duration energy storage include:

Founded in 2017, Form Energy is backed by investors Eni Next LLC, MIT’s The Engine, Breakthrough Energy Ventures, Prelude Ventures, Capricorn Investment Group and Macquarie Capital.

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Source: https://pv-magazine-usa.com/2020/11/16/form-energys-stealthy-aqueous-air-battery-with-150-hour-duration-gets-another-70-million/

Energy

KPX Chemical and Huntsman form Joint Venture in Korea

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THE WOODLANDS, Texas, Sept. 28, 2021 /PRNewswire/ — KPX Chemical, a leading polyols producer for polyurethanes in Korea, and Huntsman Corporation (NYSE: HUN), a world-leading MDI-based polyurethanes and specialty chemical manufacturer, today announced the establishment of a joint venture named KPX HUNTSMAN POLYURETHANES AUTOMOTIVE CO., LTD. (KHPUA). The joint venture will create and provide innovative polyurethane system solutions to Korean automakers from a specialty polyurethanes manufacturing facility at KPX Chemical’s Ulsan plant.  Operations are expected to commence by the end of October.

The Korean automotive industry is undergoing profound changes and presents new opportunities for high performance and light weight polyurethane system solutions. The new joint venture will accelerate growth in this sector by providing sustainable innovations and a high level of technical service support to its customers. KPX Chemical will leverage its 47-years’ experience in polyol technology and know-how by combining it with Huntsman’s proven ability to develop high performance, differentiated, MDI-based automotive solutions for vehicle manufacturers and its fully integrated global supply chain.

Tony Hankins, President of Huntsman’s Polyurethanes division and CEO of Huntsman Asia Pacific, said: “We are delighted to join forces with KPX Chemical. Korea is one of Huntsman’s key markets in Asia and driving continued business growth in the automotive industry is a priority for us. The new joint venture will create and provide customized polyurethane systems solutions to meet local automotive customers’ needs for improved comfort, superior acoustics and light-weighting.  By creating value for its customers, KHPUA will enable downstream polyurethanes businesses to develop in a more sustainable way, both economically and environmentally.”

Kim Moon-young, President of KPX Chemical, said: “This cooperation is of great strategic significance to both parties. Together, under the banner of KHPUA, we will leverage the R&D and capacity advantages of KPX Chemical and Huntsman in the region to become the industry’s preferred innovation partner. It is an exciting time to be creating a new venture and we look forward to working with key players in the region to meet growing demand for autonomous vehicles and electric transport solutions that can support the country’s carbon neutrality ambitions.”

About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2020 revenues of approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company’s website at www.huntsman.com.

Social Media:
Twitter: www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman

Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management’s current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company’s operations, markets, products, services, prices and other factors as discussed under the caption “Risk Factors” in the Huntsman companies’ filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman’s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, ability to achieve projected synergies, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

SOURCE Huntsman Corporation

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Source: https://www.prnewswire.com:443/news-releases/kpx-chemical-and-huntsman-form-joint-venture-in-korea-301386285.html

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Energy

Tevva dévoile un camion électrique audacieux

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Il offre une autonomie allant jusqu’à 250 km en mode entièrement électrique ou jusqu’à 500 km avec sa technologie brevetée de prolongateur d’autonomie REX, qui a maintenant été améliorée pour utiliser des piles à combustible à hydrogène.

Conçu par une équipe dirigée par Ken Scott, anciennement directeur de l’ingénierie chez Bentley et Alexander Dennis, et dessiné par Dale Grewer, anciennement designer en chef chez Jaguar Land Rover, le Tevva Truck sera fabriqué dans une toute nouvelle usine dans la zone du London Thames Freeport, à proximité du centre de Londres et de l’Europe. L’usine devrait commencer à fabriquer 3 000 camions par an d’ici 2023.

Grâce aux solides partenariats avec les fournisseurs de Tevva, les opérateurs de flottes peuvent bénéficier d’un groupe motopropulseur BEV extrêmement fiable associé à un châssis dérivé de camion exceptionnellement robuste et éprouvé.

Asher Bennett, fondateur et PDG de Tevva, a déclaré : « La technologie transforme le secteur des véhicules commerciaux à un rythme effréné, le rendant plus sûr, plus écologique et entièrement plus efficace. Mais un changement significatif est un processus graduel, il doit se produire une étape à la fois, même si ces changements sont nécessaires dans la succession rapide. Le Tevva Truck constitue une transition naturelle vers l’électrification pour les gestionnaires de flotte, offrant une tranquillité d’esprit totale et une offre convaincante de coût total de possession, sans compromis sur l’autonomie et la fiabilité. »

Le Tevva Truck peut transporter jusqu’à 16 europalettes et plus de deux tonnes de charge utile pour un poids total en charge (PTAC) de 7,5 tonnes. Le coût total de propriété est comparable à celui d’un diesel ; la parité est atteinte à environ 3 000 km ou lorsque 500 litres de diesel sont consommés par mois.

Le Tevva Truck est le véhicule de troisième génération de Tevva. Il représente l’aboutissement de sept années de développement technique et des enseignements tirés de plus de 350 000 km d’essais en flotte. La production du camion Tevva devrait commencer en juillet 2022.

Le modèle Tevva Truck 7,5 tonnes est le premier d’une série de nouveaux camions électriques de Tevva. Pour en savoir plus, veuillez consulter le lien suivant : https://tevva.com.

Notes à l’intention des rédacteurs :
1. https://www.weforum.org/agenda/2021/07/eu-details-ambitious-plan-to-meet-net-zero-goals/

Photo – https://mma.prnewswire.com/media/1635913/Tevva.jpg

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https://tevva.com

SOURCE Tevva

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Source: https://www.prnewswire.com:443/news-releases/tevva-devoile-un-camion-electrique-audacieux-887738628.html

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Energy

Tevva afslører stærkt elektrisk lastbil designet til nutidens verden

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Det giver en rækkevidde på op til 250 km i fuld elektrisk funktion eller op til 500 km med sin patenterede rækkeviddeforlænger teknologi REX, som nu er blevet opgraderet til brug af brint brændselsceller.

Konstrueret af et team ledet af Ken Scott, tidligere teknisk direktør hos både Bentley og Alexander Dennis, og designet af Dale Grewer, tidligere chefdesigner hos Jaguar Land Rover, vil Tevva Truck blive fremstillet i et helt nyt anlæg i Thames Freeport området i London, med ledt adgang til central London og Europa. Anlægget forventes at begynde at producere 3.000 lastbiler om året inden 2023.

Takket være Tevvas stærke leverandørpartnerskaber kan flådeoperatører drage fordel af et ekstremt pålideligt BEV-drivaggregat parret med et usædvanligt robust og gennemprøvet lastbil chassis.

Asher Bennett, grundlægger og administrerende direktør for Tevva, sagde: “Teknologi ændrer erhvervskøretøjssektoren hastigt og gør den mere sikker, grønnere og helt igennem mere effektiv. Men meningsfuld forandring er en gradvis proces, det skal ske et trin ad gangen, selvom ændringerene er nødvendige hurtigt efter hinanden. Tevva Truck giver flådeledere en naturlig overgang til elektrificering, hvilket giver total ro i sindet og en overbevisende samlet ejeromkostning, uden at gå på kompromis med rækkevidde og pålidelighed.”

Tevva Truck kan bære op til 16 euro paller og over to tons nyttelast ved 7,5 tons bruttovægt (GVW). De samlede ejeromkostninger kan sammenlignes med en diesel; paritet opnås ved cirka 3.000 km, eller når der forbruges 500 liter diesel om måneden.

Tevva Truck er Tevvas tredje generation af køretøj, der repræsenterer kulminationen af syv års ingeniørudvikling og læring indsamlet fra over 350.000 km af forsøg i flåden. Produktionen af Tevva Truck påbegyndes i juli 2022.

Den 7,5 tons Tevva Truck model er den første i en serie af nye elektriske lastbiler fra Tevva. Besøg https://tevva.com for at finde ud af mere.

Bemærkninger til redaktører:
1. https://www.weforum.org/agenda/2021/07/eu-details-ambitious-plan-to-meet-net-zero-goals/

Foto – https://mma.prnewswire.com/media/1635913/Tevva.jpg

SOURCE Tevva

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Source: https://www.prnewswire.com:443/news-releases/tevva-afslorer-staerkt-elektrisk-lastbil-designet-til-nutidens-verden-867923754.html

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Energy

Tevva unveils bold electric truck designed for the real world

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It offers a range of up to 250 km in fully electric form or up to 500 km with its patented range extender technology REX, which has now been upgraded to use hydrogen fuel cells.

Engineered by a team led by Ken Scott, formerly Engineering Director at both Bentley and Alexander Dennis, and styled by Dale Grewer, former Chief Designer at Jaguar Land Rover, the Tevva Truck will be manufactured in a brand-new facility in the London Thames Freeport area providing close proximity to central London and Europe. The facility is expected to begin manufacturing 3,000 trucks per annum by 2023.

Thanks to Tevva’s strong supplier partnerships, fleet operators can benefit from an extremely reliable BEV powertrain paired with an exceptionally robust and proven truck-derived chassis.

Asher Bennett, Founder and CEO of Tevva, said: “Technology is transforming the commercial vehicle sector at pace, making it safer, greener, and entirely more efficient. But meaningful change is a gradual process, it must happen one step at a time, even if those changes are needed in fast succession. The Tevva Truck provides a natural transition into electrification for fleet managers, providing total peace of mind and a compelling total cost of ownership proposition, with no compromise on range and reliability.”

The Tevva Truck can carry up to 16 euro pallets and over two tonnes payload at 7.5-tonnes Gross Vehicle Weight (GVW). The total cost of ownership is comparable to a diesel; parity is achieved at approximately 3,000 km or when 500 litres of diesel is consumed per month.

The Tevva Truck is Tevva’s third generation vehicle, representing the culmination of seven years of engineering development and the learning gathered from over 350,000 km of in-fleet trials. Production of the Tevva Truck is due to commence in July 2022.

The Tevva Truck 7.5-tonne model is the first of a series of new electric trucks from Tevva. To find out more, please visit https://tevva.com.

Notes to editors:
1. https://www.weforum.org/agenda/2021/07/eu-details-ambitious-plan-to-meet-net-zero-goals/

Photo – https://mma.prnewswire.com/media/1635913/Tevva.jpg

SOURCE Tevva

Related Links

https://tevva.com

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/tevva-unveils-bold-electric-truck-designed-for-the-real-world-301385673.html

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