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Utilities must invest in technology to cope with growth of renewables and EVs

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Increased EV adoption will put strain on distribution networks Distribution utilities need to adopt new technologies and new ways of thinking to slash the cost of integrating renewable energy generators, electric vehicles and other distributed energy resources (DER) into their grids, according to the latest white paper from Smarter Grid …

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Canada announces expanded public EV network in British Columbia

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The Canadian government will invest C$1.15 million to build 23 EV chargers in British Columbia Electric and alternative fuel vehicles play a key role in reducing pollution. As Canadians continue to make greener choices, the government of Canada is delivering more options for them to drive where they need to …

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Electrify America’s releases Cycle 2 national ZEV investment plan

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Electrify America will invest US$300 million over 30 months Electrify America has announced that its National Zero Emissions Vehicle (ZEV) Investment Plan for Cycle 2 is now available and that the company will start executing on the plan this year. Cycle 2 is a 30-month investment period that begins in …

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New York adds US$3 million in funding to help towns and villages expand EV fleets

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The New York Power Authority has provided US$8 million since 2003 for EV initiatives The New York Power Authority has approved US$3 million in funding to continue a zero-interest loan programme that helps dozens of municipalities and rural electricity cooperatives purchase electric vehicles and battery charging equipment for their fleets. …

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Air Liquide invests in production of decarbonated hydrogen by electrolysis

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Decarbonated hydrogen is produced from renewable energy sources Air Liquide announces that it acquired an 18.6% stake in the capital of the Canadian company Hydrogenics Corporation, a leader in electrolysis hydrogen production equipment and fuel cells. This strategic transaction, which represents an investment of US$20.5 million, enables the group to …

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BP invests in PowerShare, one of China’s leading EV charging platforms

BP deputy chief executive Lamar McKay and founder and CEO of PowerShare Ethan Zhu

PowerShare’s online platform connects EV drivers, charge point operators and power suppliers BP’s venturing business, BP Ventures, has invested in PowerShare, a leading integrated hardware and software solutions provider for electric vehicle charging in China. The investment is part of PowerShare’s Series A round, which was led by BP Ventures …

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Alliance Ventures invests in Tekion, the next-gen digital cloud platform for automotive retail

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Tekion designs next-generation systems for the car industry Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, has announced a new investment in digital technologies and services by investing in Tekion, a US company. Tekion brings connected digital experiences to automotive retail through the most advanced Machine Learning and Artificial …

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Volvo Group Venture Capital invests in wireless electric charging

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Volvo Group Venture Capital will invest in Momentum Dynamics’ wireless charging technology Volvo Group Venture Capital AB, a subsidiary of the Volvo Group, has announced an investment in Momentum Dynamics – a leading company in high power wireless charging of electric vehicles. Momentum Dynamics is a Philadelphia-based company developing and …

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