British Business – September 6
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. According to a new study, British pension funds have the lowest level of support for their own stock market among developed economies. This will fuel debates about reforming UK retirement pots in order to boost the London Stock Exchange.
BMW will bring its first Hydrogen car to the market in 2028
BMW plans to launch its first hydrogen powered vehicle in 2028 using the fuel cell technology it developed with Toyota Motor Corp. The company did not provide any further information. It said that the vehicle will be a model already in production with an option for hydrogen fuel cells. The company did not provide any details about the price or volume of production. BMW CEO Oliver…
MTR100: For USVs and AUVs, is it a Hydrogen Future?
Hydrogen has been making big headlines in the energy world. It’s one of the potential routes to deliver high density energy to transport and heavy industry – but also to marine applications, as well as a way to move and store renewable energy. Various uncrewed surface vessel (USV) developers, autonomous underwater vehicle (AUV) builders and even subsea power delivery system…
Bloom Energy, Samsung to Design Electric Ships
California-based Bloom Energy, the provider of stationary fuel cells, has announced a collaboration with South Korean shipbuilder Samsung Heavy Industries (SHI), to design and develop ships powered by Bloom Energy’s solid oxide fuel cell technology.SHI aims to be the first shipbuilder to deliver a large cargo ship for ocean operation powered by fuel cells running on natural gas.
IMO 2020: Hydrogen's Future in Maritime
Hydrogen fuel cell technology to Satisfy Future IMO RequirementsWith an ongoing push by the maritime community to reduce ship emissions to satisfy IMO MARPOL Annex VI regulations and limit the sulfur content of ships from 01 January 2020 to 0.5 percent world-wide, many ship owners are starting to consider hydrogen fuel cell technology to satisfy evolving emissions regulations.
ABB, Sintef to Test Hydrogen Fuel Cells
Norwegian Sintef Ocean and ABB Marine will use two 30kW hydrogen fuel cells, set up in laboratory to model the operation and control of a complete marine power system in a megawatt-scale propulsion plant."ABB and Sintef Ocean are undertaking groundbreaking research to test the viability of fuel cells as an energy source for main ship propulsion. The new research project seeks…
Eidesvik Offshore, Wärtsilä Norway and DNV GL Celebrate FellowSHIP
Project partners Eidesvik Offshore, Wärtsilä Norway and DNV GL have announced the closure of the FellowSHIP research project. The cooperation has explored the use of battery, hybrid and fuel cell technology in the maritime industry for over 15 years.“FellowSHIP has been a flagship research project,” states Bjørn-Johan Vartdal, Maritime Programme Director for Technology and Research in DNV GL Group.
GM, Honda to announce Fuel Cell Technology Advance
General Motors Co and Honda Motor Co are expected on Monday to announce an expansion of their collaboration on fuel cell technology development, people familiar with the plans said following a notice of a press conference. GM and Honda on Friday said two senior executives would hold a news conference in Detroit with Michigan's Lieutenant Governor, Brian Calley. Mark Reuss, GM's executive vice president for global product development and Toshiaki Mikoshiba…
LR, SCC Release Low Carbon Pathways 2050 Study
Lloyd’s Register (LR) and Shipping in Changing Climates, a $4m multi-university and cross industry research project funded by EPRSC, have today released Low Carbon Pathways 2050 – a new study that details a number of potential pathways for the shipping industry’s transition to a low carbon future. The report underlines the need for shipping to start its decarbonization imminently – as stringency increases over time…
ExxonMobil Invests $15 Mln in Austin Energy Institute
ExxonMobil announced that it will invest $15 million as a leadership member of the University of Texas at Austin Energy Institute to pursue technologies to help meet growing energy demand while reducing environmental impacts and the risk of climate change. The joint research initiative will study transformational energy innovations including integrating renewable energy sources…
Doosan Fuel Cell Closes Another Deal in S. Korea
Press release - Connecticut’s Doosan Fuel Cell has finalized a partnership with Korea Western Power and Serveone, an LG affiliated company, to manufacture 11 fuel cells (five megawatts) in its South Windsor, Connecticut production facility. Once installed, the PureCell Model 400 power plants will generate clean electricity for nearly 3,000 homes in the Seoul suburb of Incheon.
Toyota Motor, Mazda Plan Fuel-cell Vehicles
Toyota Motor Corp and Mazda Motor Corp are in talks to expand their technology partnership to fuel-cell vehicles (FCVs), sources said on Saturday, as global automakers face rising costs to comply with stricter emission regulations. The two Japanese automakers already have a technology and production tie-up, and Toyota was now considering providing fuel-cell and plug-in-hybrid technology to Mazda…
PowerCell Wins Swedish Venture Capital Association Award
Nordic fuel cell technology company PowerCell has been given the Swedish Venture Capital Association award for the most socially beneficial investment 2014. PowerCell Sweden AB has been given the Swedish Venture Capital Association (SVCA) award for the most socially beneficial investment 2014 at the Private Equity 2014 venue in Stockholm April 8. The Swedish Private Equity &…
