Car giant Stellantis injects €50m into lithium start-up in boost for EV plans

Automotive giant Stellantis has announced a major €50m equity investment in battery metals start-up Vulcan Energy Resources, while extending its existing lithium offtake agreement with the Australian start-up to 10 years in a move designed to bolster the firm’s electric vehicle (EV) manufacturing plans. The equity investment from Stellantis – which was formed last year … Read more

RWE and ArcelorMittal ink major wind farm and green hydrogen deal

A series of new offshore wind farms and hydrogen facilities to supply the renewable energy and green hydrogen required for low-emissions steel production in Germany are set to be built following the signing of a memorandum of understanding between energy company RWE and steel producer ArcelorMittal. In a statement the two firms said the partnership … Read more

Reports: German finance minister pushes back against EU 2035 fossil fuel car ban plan

EU plans to ban sales of internal combustion engine cars from 2035 could face a significant roadblock in Germany, after the country’s finance minister yesterday expressed opposition to the target date, which forms a key pillar of Europe’s green agenda. The European Commission has proposed mandating a total phaseout of all new internal combustion engine … Read more

IEA: The G7 can and must lead on decarbonising heavy industry

International Energy Agency argues UK, USA and EU and others have the ‘economic heft, technology leadership and international alliances’ to pioneer the development of low carbon industrial hubs G7 nations such as the UK, the US, and Germany must urgently carve out a leading role in the decarbonisation of heavy industries such as steel, cement … Read more