ThinkEquity LLC’s Post

Accelera by Cummins is committing $150M investment, including $75M DOE grant, to production of battery packs, powertrain systems and other BEV components at CEP, Cummins plant one for almost 100 years. Another significant step to localize battery manufacturing and transition existing plant/workforce to a zero-emissions future. #AccelerateTheShift #battery https://lnkd.in/gntHqURr

A quick digest of our recent white paper on commercial transport - worth a flick through and maybe I can encourage you to dive in.

Aramco, one of the world’s leading integrated energy and chemicals companies, through a wholly owned subsidiary has signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain Limited, the new global powertrain solutions company, alongside Renault Group, Zhejiang Geely Holding Group, and Geely Automobile Holdings Limited (“Geely”). HORSE Powertrain Limited was formed on May 31, 2024, by Renault Group and Geely and is incorporated and headquartered in London, UK. Aramco will acquire a 10% equity interest in HORSE Powertrain Limited in equal parts from Renault Group and Geely, which will each retain 45% equity stakes. The price to be paid by Aramco at closing, which is subject to customary closing conditions including the receipt of regulatory approvals, will be based on a €7.4 billion enterprise valuation. This investment aims to enhance Aramco’s contribution to the global energy transition through the development and commercialization of more efficient mobility solutions. The agreements also include collaboration arrangements for Aramco and Valvoline on technologies, fuels, and lubricants to collectively improve the performance of HORSE Powertrain Limited internal combustion engines (ICE).

Ballard Power Systems has announced multiple purchase orders totalling 70 FCmove®-HD hydrogen fuel cell engines from its customer Wrightbus , a UK-based bus manufacturer deploying hydrogen-powered buses in the UK and Europe. Ballard expects delivery of the fuel cell engines to occur in 2024, and the buses to enter into service in 2025. The #hydrogenfuelcell engines will power single- and double-decker buses in the UK and Germany. Oben Uluc, Vice President, Sales & Marketing, EMEA, said: “We are seeing broader market acceptance of fuel cell buses by European transit operators seeking to decarbonize their operations with a technology approach that enables long range, fast refueling, and scalable refueling infrastructure.” Read more at https://lnkd.in/efSVcMrN #platinum

Lion Electric considers its options, including potential sale   Financially troubled electric vehicle (EV) producer Lion Electric Company (LEV-T) says it is considering all options to continue operations, including a sale of the business. The Saint-Jerome, Que.-based producer of electric buses said in a Monday announcement it had extended a covenant relief period for a credit agreement led by National Bank of Canada from Nov. 15 to Nov. 30, and removed a minimum liquidity covenant from another agreement involving Finalta Capital Fund and Caisse de dépôt et placement du Quebec (CDPQ). If Lion Electric is unable to raise more funds or negotiate new terms with its lenders, the company expects it will not be able to meet the terms of its agreements and loans. Lion Electric National Bank of Canada Finalta Capital Fund Caisse de dépôt et placement du Québec (CDPQ) placement du Quebec #EV   https://lnkd.in/gxCWFNqU   Transportation Sector – Freight Warehousing Logistics Shipping and Distribution – October 2024 - https://lnkd.in/gzcqZhdA  

Cummins reports $809M net profit in Q3, showcasing strong performance in traditional sectors. However, its hydrogen and electric division, Accelera, faces a $115M pre-tax loss. Despite challenges, Accelera's 7% YoY sales growth signals rising interest in clean energy tech. This snapshot illustrates the complex journey of energy transition, where companies navigate between established revenue streams and investments in future technologies. #CleanTech #EnergyTransition #Q3Earnings #Cummins #HydrogenTechnology

The #Australia #Diesel #Genset #Market, valued at 𝐔𝐒𝐃 𝟏𝟏𝟖.𝟗𝟔 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑, is set to reach an impressive market valuation of 𝐔𝐒𝐃 𝟏𝟔𝟒.𝟓𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐. With a #CAGR of 𝟑.𝟕𝟔% during the forecast period 𝟐𝟎𝟐𝟒–𝟐𝟎𝟑𝟐, the market is poised for substantial growth. This trend highlights the increasing demand for reliable power solutions in Australia. 𝐁𝐫𝐨𝐰𝐬𝐞 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂:- https://lnkd.in/gcuEufsM 𝐓𝐨𝐩 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :- Caterpillar Inc. | Cummins Inc. | Yanmar. | DEUTZ AG | Kubota Corporation | Generac Power Systems Inc. | Powerlite Australia | Scania Group | MTU ONSITE ENERGY CORP | KOHLER Power Systems EMEA | Atlas Copco Other Prominent Players   #DieselGenset #MarketGrowth #Australia #PowerSolutions #IndustryTrends

Leading the charge: ABCO Industries Inc. , in partnership with BlueGrid and #Evoy, have transformed a diesel engine boat into a 100% electric, emissions-free vessel. The other impressive part? It doesn’t just use electricity; it stores it and can feed it back to the grid when needed, creating a new revenue stream for boat owners and easing the strain on electrical grids. This is one way #MaritimeInnovation is helping lower carbon emissions and reach net zero goals. Read more: https://ow.ly/ECMn50Srf6c #InnovationHappensHere

The road to zero-emissions trucking travels through industrial gas. Battery-electric vehicles could make up as much as 35% of new medium-duty and 25% of heavy-duty truck sales by 2030 in North America and Europe, according to McKinsey & Company. Improved battery energy density and a robust charging infrastructure are expected to significantly reduce the total cost of ownership, on par in certain instances with traditional diesel trucks. Meanwhile, as demand for battery-powered transportation rises, so will battery manufacturing and industrial gas critical for production, most notably nitrogen. More at ➡ https://lnkd.in/efjKsVkh

As the world moves toward a lower-emission future, commercial fleets face the challenge of reducing emissions without compromising productivity. There is no one-size-fits-all solution. - Light-, medium- and heavy-duty vehicles have different routes and needs but all require affordable, reliable fuels. - Fleet managers have to consider new designs, powertrain options and alternative fuels based on their productivity, efficiency, Total Cost of Ownership, policy and infrastructure. The range of lower-emission fuelling solutions can help fleets stay competitive as they navigate this complex journey. Read the full article here: https://lnkd.in/eUMyinuu #ExxonMobil #Exxon #Mobil #Esso #LandFuels #EnergyTransition