Connect with us

Published

on

In this article

Alex Kraus | Bloomberg Creative Photos | Getty Images

A planning application for a major new gigafactory in central England has been submitted, with those behind the project claiming it could generate 6,000 jobs and tens of thousands more across the supply chain.

The proposals for the factory have been put forward by Coventry City Council and Coventry Airport, who are acting as joint-venture partners.

So-called gigafactories are facilities that produce batteries for electric vehicles on a large scale. Tesla CEO Elon Musk has been widely credited as coining the term.

If built, the facility in Coventry would be located at Coventry Airport and focus on both the production and recycling of batteries for electric vehicles. Covering an area of up to 5.7 million square feet, the idea is for it to be powered using 100% green energy. Proposals for the project were initially revealed back in February. 

Coventry is located in the West Midlands, a part of England known for its longstanding connection to vehicle manufacturing.

“It is mission critical that the West Midlands secures a Gigafactory, both for the future of our region’s automotive industry and the huge economic and job benefits it would bring, as well as the future of our planet,” Andy Street, mayor of the West Midlands, said Thursday.

Street went on to describe the region as already being home to “the country’s biggest car manufacturer, Europe’s largest research centre of its kind, the UK’s only battery industrialisation centre, and a world-leading supply chain.” He added that a gigafactory was “the natural next step for the UK’s automotive heartland.”

A decision on the planning application for the gigafactory in Coventry will be taken by Warwick District Council and Coventry City Council later in the year.

Low and zero emission transportation is seen as being a crucial tool for major economies attempting to reduce their environmental footprint and cut air pollution. 

The U.K. government, for example, plans to stop the sale of new diesel and gasoline cars and vans by 2030 and require, from 2035, all new cars and vans to have zero tailpipe emissions.

Elsewhere, the European Commission, the EU’s executive arm, is targeting a 100% reduction in CO2 emissions from cars and vans by 2035.

If these goals are to be met, sufficient charging infrastructure and battery manufacturing capacity will be needed in the years ahead.

On the battery front, big deals are being struck to ramp up manufacturing capacity in Europe. According to a recent briefing from campaign group Transport & Environment, 38 gigafactories for battery cells were being built or are planned in the EU and the U.K. as of May 2021.

Tesla, for example, is developing a number of gigafactories, including one in Germany, while other major automotive firms are also beginning to make plays in the sector.

In June, Renault said it had signed two major partnerships related to the design and production of electric vehicle batteries. The same month saw Nissan reveal plans to build a £1 billion ($1.38 billion) gigafactory in Sunderland, northeast England.

And back in March, Volkswagen announced it was aiming to establish several gigafactories in Europe by the end of the decade.

Speaking to CNBC’s Annette Weisbach earlier this week, Volkswagen CEO Herbert Diess highlighted just how important battery production would be in the years ahead, noting that challenges did exist.

“Batteries might be, let’s say, a continuous constraint for the growth of EVs over the next five to 10 years,” he said.

“Because the lead times are huge. We need so much energy and cell production … [There is a] huge supply chain which has to be set up within the next years, and that will, that might, lead to some constraints.”

CNBC’s Chloe Taylor contributed to this report

Continue Reading

Environment

‘This is a unique time’: ARK Invest’s chief futurist tackles tech innovation from AI to robotics

Published

on

By

‘This is a unique time’: ARK Invest’s chief futurist tackles tech innovation from AI to robotics

Private lives – why hot tech is shying away from IPOs

ARK Invest’s chief futurist lists five groups that should give tech investors an edge.

According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas because they’re all entering the marketplace at the same time.

“We believe that this is a unique time in technological economic history,” he told CNBC’s “ETF Edge” this week.

Winton collaborates with ARK Invest CEO Cathie Wood to maintain the ARK Venture Fund (ARKVX), which allows investors to buy into the private technology space.

According to the firm’s website, the goal of the fund is to make venture capital offerings of innovative spaces in the market accessible to individual investors. As of April 10, it shows the fund’s top holdings include Epic Games, known for online video game Fortnite, and biotech companies Freenome and Relation Therapeutics.

“Our emphasis is that we are investing in innovation over the long term and going to support management teams,” said Winton.

He contends it’s a strategy that’s often not prioritized.

“That’s a real challenge a lot of public market investors don’t have that long-term view,” Winton added.

The ARK Venture Fund is down more than 7% so far this year. However, it’s up almost 39% percent over the past 52-weeks.

Don’t miss these exclusives from CNBC PRO

Disclaimer

Continue Reading

Environment

World’s first hydrogen station for commercial trucks opens – is it too late?

Published

on

By

World's first hydrogen station for commercial trucks opens – is it too late?

FirstElement Fuels has opened the world’s first large-scale hydrogen fueling station for heavy-duty commercial trucks just outside the Port of Oakland.

FirstElement is calling their new filling station, which opened to the public this week for tours and demonstrations, the first of its kind. Located near the Port of Oakland, the company claims its hydrogen pumps can “fill” a truck’s hydrogen tanks in as little as ten minutes, which works out (in their math) to as many as 200 trucks per day.

As for customers, the company says there are 30 Hyundai Xcient semi trucks using the fueling station currently, as well as a number of Nikola hydrogen fuel-cell-powered trucks.

A ceremony to mark the station’s opening was held Tuesday, and was attended by state officials including Liane Randolph, chair of the California Air Resources Board (CARB) and Tyson Eckerle, clean transportation advisor for Gov. Gavin Newsom’s business development office. Primary funding for the Oakland station was provided by CARB and the California Energy Commission.

Eckerle notes that the US federal government is handing out $8 billion to jump-start what it calls the “hydrogen economy,” and expects sufficient funding to build up to 60 more hydrogen truck stations like this one in California – which would, theoretically, be enough to serve 5,000 trucks and 1,000 buses.

All well and good, but …

What if it’s already too late for hydrogen?

Coyote Container completes historic trip in fuel cell truck
Image via Coyote Container.

MAN Trucks CEO, Alexander Vlaskamp, said it best when he said that it was “impossible” for hydrogen to effectively compete with BEVs.

He’s right – on a level playing field, there is absolutely no reason to believe hydrogen has any kind of future. But we don’t operate on a level playing field, and comments like Eckerle’s, along with an $8 billion federal budget and a number of supposedly genuine industry experts touting its usefulness as a fuel, mean we have to take hydrogen seriously (at least, for now).

Even so, it seems like the tide of public opinion is already starting to turn against hydrogen. Outlets that may never have questioned a manufacturer’s claims about a hydrogen-fueled vehicle a few years ago now seem more than willing to call those claims out. Here’s just one example:

Producing hydrogen itself can be very dirty. Most hydrogen produced today requires methane, which is a fossil fuel and a strong greenhouse gas contributor. The industry is working on production alternatives, including carbon capture and storage from the burning of methane, or quitting methane altogether to make green hydrogen, using an electrolyzer to split water’s hydrogen and oxygen.

Both alternatives are prohibitively expensive without government subsidies.

RUSS MITCHELL, AOL/Los Angeles TIMES.

So far, it’s not clear that FirstElement’s claims about either the sustainability of its hydrogen or the practicality of its filling station will convince many battery electric absolutists.

Take the company’s hydrogen production process as an example. FirstElement says that its supplier, Air Liquide in Las Vegas, uses natural gas as “feedstock” for its hydrogen. It buys biogas to blend with natural gas in order to create hydrogen – and that, because the gas used is more than 60% renewable, the hydrogen qualifies as “green.”

FirstElement hydrogen production

Infographic by First Element; via TruckNews.

Additionally, the claim of 10 minute fast fills should come with an asterisk or two. That’s because FirstGreen is using new “cryopump” technology from Bosch Rexroth to allow for filling at 900 bar (15,000 psi). While that seems like more enough to push 100 kg into a tank in about ten minutes, cryogenically cooling hydrogen is an energy intensive technology that requires a lot of electricity to function properly. Electricity that it says will come from the stored hydrogen.

In fairness, however, Bosch has some ideas here to help station owners maximize the usefulness of all that electricity.

“Cold is like gold,” says Dave Hull, regional vice-president, Bosch Rexroth. “You’ve got all this cold energy. All my career I worked to get rid of heat. You can take that energy and run a whole station’s refrigerators for Rock Star energy drinks, or air conditioning. Bosh has a whole division of heat pumps and building technologies.”

Whether or not that added efficiency adds up to actual energy and cost savings, rather than a lifeline for the gas industry and tier 1 auto suppliers like Bosch however, remains to be seen. Meanwhile, hydrogen costs continue to rise.

Platts last assessed California’s retail hydrogen price at $33.48/kg Jan. 4, 2023, which is the weighted average hydrogen price offered at retail fueling stations across the state. The price has risen 112% from when Platts began the assessment in September 2021, according to S&P Global Commodity Insights data.

SP GLOBAL

Despite the high cost of hydrogen (“green” hydrogen is more expensive, still), Shane Stephens, one of FirstElement’s founders and its chief development officer, remains undeterred.

“We, at FirstElement Fuels, have a lot of confidence the market is coming,” says Stephens. “We see the regulations on the horizon, the OEMs and fleet owners are going to have to respond to that, especially when it comes to goods movement, and hydrogen and fuel cells are the best – if not only – solution that will work for many of those use cases.”

Electrek’s Take

As a light vehicle fuel – despite the efforts of Hyundai, Toyota, and (more recently) Honda – things aren’t going well for hydrogen. As a fuel for massive semi trucks and even bigger heavy equipment, however, it might stand a chance against current battery technology.

But battery tech isn’t stagnant, and lighter, better, faster charging battery news that used to come every year, and then every month, now seems to be coming every week – and I’d argue that you’d be foolish to assume batteries that are twice as energy dense at half the weight won’t be here well ahead of California’s 2035 ICE ban.

But that’s just me. You guys are smart. Head on down to the comments and let us know what you think.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Maritime Transport begins electrification of trucking fleet

Published

on

By

Maritime Transport begins electrification of trucking fleet

One of the UK’s leading road and rail logistics companies, Maritime Transport, is making some big moves in a bid to electrify its trucking fleet – with fully 18 all-electric, three axle tractor units from Scania leading the charge.

As part of the UK’s Zero Emission HGV and Infrastructure Demonstrator (ZEHID) program, Maritime Transport has put 48 battery electric and hydrogen fuel cell-powered semi trucks on order, with the initial order of 18 big Scania trucks arriving first.

“This investment places us at the forefront of our industry’s transition to sustainable operations and we are excited to initiate this phase of our environmental strategy,” says Maritime Transport Deputy Chief Executive, Tom Williams. “Our active participation in ZEHID and pioneering initiatives like eFREIGHT 2030 over the next five years is set to yield vital insights for the government’s long-term infrastructure decisions to make road freight more sustainable and reduce greenhouse gas emissions. Acknowledging the variations in range and payload, we believe these vehicles will substantially contribute to our efforts in providing sustainable and efficient services to our customers, complementing our growing network of rail freight services and terminals.”

The new, three axle Scania semi trucks are rated for 42 tonnes, and offer of a range of 300-500 km (up to 310 miles), allowing them to serve Maritime Transport’s eight existing rail freight terminals from each of the major UK ports.

Maritime says the introduction of these trucks is a core component of the company’s environmental agenda, which will effectively lead to their moving more containerized product by rail with electrically-driven trucks on first and last-mile deliveries. The trucks are planned to begin arriving at Maritime’s ports later this year and into early ’20’25. High-powered EV charging stations will also be installed across the company’s network of 41 depots, terminals, and container storage sites.

Electrek’s Take

Image via Scania CV, AB.

Electrifying everything at a container yard – from the biggest material handlers to smaller scissor and fork lifts – is no-brainer. In a contained, controlled environment with predictable routes and known loads, electrification is the most affordable and practical solution, and we can’t wait to see the data confirming that.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending