News Commentary | October 31, 2019
The round was led by Dutch clean energy conglomerate Koolen Industries and included unnamed follow‑on investors. The funds will mainly be allocated to construction of the company's 1.8‑mile‑long (3 km) test facility, which will be used to validate the company's technology at high speeds. However, ... Not part of subscription
News Commentary | March 26, 2020
As the most active company in materials informatics (MI), Asahi Kasei recently announced a plan of setting up a strategic center for digital technologies by the end of the fiscal year 2020. As the next step toward its goal of connecting all business units (BUs) together using digital tools, the ... Not part of subscription
News Commentary | May 22, 2020
In 2017, Rolls‑Royce and Airbus launched the E‑Fan X hybrid‑electric flight demonstration project. Since completing key milestones earlier in 2020, the E‑Fan X was scheduled to begin test flights in 2021. However, it had yet to incorporate the hybrid‑electric propulsion system. In the wake of major ... To read more, click here.
by Chloe Herrera
The investment in the Richmond BC facility includes expanded production of its 20 MWh to 50 MWh battery pack, Blue Whale. Corvus Energy expects to begin shipping its products from the Richmond plant in 2021. Canada's National Research Council contributed to the investment to drive R&D efforts. Corvus was recently selected by Westcon Power & Automation to supply 1,500 kWh battery packs for a new hybrid vessel. The Canadian facility signals the company's intention to target North American markets, but electrification efforts in marine vessels have historically been driven by policy centered in Europe. Clients should be aware that North America lacks the same policy incentives, but the move gives Corvus a first-mover advantage.
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