Weekly Radar by Bluedot (July 29- August 4, 2024)

We are pleased to present this week's most significant advancements in the electric vehicle (EV) and clean energy sectors. This update encompasses noteworthy innovations, strategic partnerships, and substantial progress towards enhancing EV infrastructure and promoting a sustainable energy future. Join us as we delve into the pivotal events and trends that are shaping the landscape of sustainable transportation.

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Wallbox Gains $45M Investment for Growth

Wallbox has secured a $45 million investment led by Generac Power Systems, bolstering its market position and expanding its reach in North America. This investment underscores Wallbox’s prominence in the EV charging industry and accelerates the production and sales of its award-winning chargers. Notably, Generac's extensive installer network and energy management systems will enhance Wallbox's integration and capabilities.

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Rexel Energy Solutions and ChargeLab Help Canadian Businesses Save 50% on EV Charger Installations

Rexel Energy Solutions and ChargeLab have partnered to help Canadian businesses secure grant funding through the Zero Emission Vehicle Infrastructure Program (ZEVIP). This funding covers up to 50% of the costs associated with purchasing and installing new EV chargers. Applications for ZEVIP opened on July 2, 2024, and will close on September 19, 2024, making it a crucial opportunity for Canadian businesses, utilities, municipalities, and other eligible entities to enhance their EV infrastructure.

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MassCEC Awards $4 Million to Climatetech Companies

The Massachusetts Clean Energy Center (MassCEC) has announced $4.2 million in funding for 24 clean energy and climatetech companies and researchers across Massachusetts. This funding supports innovators in various cities and towns, fostering advancements in clean energy and climatetech through programs such as AmplifyMass, Catalyst, DICES, InnovateMass, and IncubateMass.

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Amazon Expands Fleet with 15,000 Rivian Delivery Vans

Amazon is now utilizing over 15,000 electric delivery vans from Rivian in the United States, part of a larger order of 100,000 vans placed in 2019. While the US rollout progresses steadily, Amazon's expansion in Europe, including Germany, is slower. Nevertheless, Amazon plans to invest over 1 billion euros in further electrifying and decarbonizing its transport network in Europe over the next five years.

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BYD Prepares to Enter the Canadian Market

BYD is taking steps to enter the Canadian market, despite potential increased tariffs on Chinese-made EVs. The company has employed lobbyists to advise on market entry and tariff-related matters, indicating its intent to establish a presence in Canada for the sale of passenger electric vehicles.

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Hyundai Motor Group and Bell Canada Expand Partnership

Hyundai, Kia, and Genesis models in Canada will benefit from enhanced in-car infotainment services through an extended partnership with Bell Canada. This multi-year agreement will provide customers with data-centric features such as over-the-air updates, music and video streaming, and eventually Wi-Fi hotspots, all powered by Bell’s award-winning network.

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Umicore Halts Construction of Cathode Material Factory in Canada

Belgian materials technology company Umicore has paused the construction of its cathode material factory in Loyalist, Ontario. Initially scheduled to begin operations by the end of 2025, the project is now on hold due to market changes. The plant was expected to produce cathode materials for around one million EVs annually, supported by substantial government subsidies.

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IEA Launches Free Online Fleet Tool to Track Lifecycle Emissions

The International Energy Agency (IEA) has introduced a free interactive online tool for fleet managers to track the lifecycle emissions of various vehicle powertrains. The EV Life Cycle Assessment Calculator measures emissions from raw materials to end-use, providing a comprehensive assessment of direct and indirect vehicle emissions.

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Joint Office Expands Public EV Charging Infrastructure Playbook

The Joint Office of Energy and Transportation has updated its Public EV Charging Infrastructure Playbook with new modules. These additions offer resources on policies, incentives, regulations, procurement, ownership, operation, revenue, and fee structures, enhancing the planning and deployment of zero-emission transportation systems.

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New Study Finds Fleet Owners More Satisfied with EVs than Legacy ICE Vehicles

A recent study by Cox Automotive reveals that fleet owners operating both EVs and legacy ICE vehicles are more satisfied with EVs. The research highlights higher scores for EVs in overall satisfaction, cost of ownership, and vehicle usage and capabilities. The study indicates a growing expectation among fleet decision-makers to increase EV adoption within the next five years.

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Castrol Invests $50 Million in Gogoro’s Battery-Swapping Platform

Castrol, part of the bp group, has announced a $50 million investment in Gogoro, a Taiwanese battery-swapping firm. This investment supports Gogoro’s development of an open and interoperable battery-swapping platform for lightweight urban vehicles, accelerating the transition to sustainable two-wheeler transportation in densely populated cities.

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ABM’s Electrification Center Equips Fleets Across the Nation

ABM has established a state-of-the-art Electrification Center in Cumming, Georgia, to support fleet electrification. This facility serves as the company’s eMobility headquarters and EV training operations center, monitoring reliability, training EV technicians, and testing emerging technologies to ensure uninterrupted performance and service for clients’ EV networks.

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EV Data Platform Brightmerge and Leke Services Announce Partnership

Brightmerge and Leke Services have partnered to expedite fleet electrification through a proprietary offering that enhances financial analysis and operations. This collaboration aims to reduce decision-making and analytics time by up to 30%, aiding fleet managers in transitioning from internal combustion engines to electric vehicles.

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Join us for a deep dive into this week's most pivotal EV and clean energy developments. Stay connected, stay informed, and let's drive the change towards a sustainable future together.

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