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Tuesday, July 6, 2021

#Cleantech and #ClimateChange #Podcast – Interview with Lawrence Casse, Galaxy Power Advisory Board Member and Senior Research Analyst



 

#Cleantech and #ClimateChange #Podcast – Interview with Lawrence Casse, Galaxy Power Advisory Board Member and Senior Research Analyst

July 6, 2021 - Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issues an exclusive Cleantech and Climate Change Podcast  interview with Lawrence Casse, Galaxy Power Advisory Board Member and Senior Research Analyst.

 

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/070521-CleanTech.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cleantech-climatechange/07061Interview-Galaxy-Power-Lawrence-Casse.asp

 

Lawrence has over 20 years of in-depth experience in the public securities Industry as well as private venture capital, with a strong focus on Clean Technology and ESG.

 

Galaxy Power Inc., a Toronto-based private corporation, was established to create one of Canada’s leading hubs of Clean Technology public company-related knowledge. https://www.galaxypower.ca/

 

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/070521-CleanTech.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cleantech-climatechange/07061Interview-Galaxy-Power-Lawrence-Casse.asp

 

Listen to the cleantech and climate change podcast on Spotify

 

Discussing his background prior to joining the Board of Galaxy Power, Casse said, ”Originally, back around 2000 to about 2005, I was involved in a VC firm in Ontario, one of the early ones that was making cleantech Investments. I then moved to Bay Street where I worked as an analyst at some investment firms . I was covering a range of different companies from manufacturing technology, to environmental companies.“

 

“So what really got my attention, around 2010 was, I was looking at the power space and at that time in renewable energy, California started making a big push where they required, under a renewable portfolio standard that 20% of the State's power be generated from renewable sources, like solar and wind. At the same time, there was a very active tax-based incentive for renewable, so that got me very interested in the role of tax incentives driving renewable energy.”

 

Talking about how Galaxy can influence investment in the sector he noted, “In Canada, we need more capital investments.  What Galaxy is doing now is spreading the gospel about flow-through shares which have been used so successfully in the mining industry. And we see that structure can be more applicable to the renewable energy industry across Canada. In order to create bigger scale companies that can compete on a worldwide basis, a lot of technology innovation is going to be needed over the next twenty years.”

 

Asked about his vision for Galaxy Power and its role in Canada’s cleantech future, he stated, “Well, based on all my years as an analyst and investor and venture capitalist and being involved with small early-stage companies, I've seen some great technology in Canada. We haven't won the long-term game and we haven't scaled-up to the world.stage as well as we could have. In some cases we have but we need more world leaders. We need more development of  homegrown technology and I look forward to playing a role in that process.”

 

Thanks, that’s it for today. Do something good for this beautiful planet each and every day.

 

Podcast host: Dawn Van Zant, founder of Investorideas.com


If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411

For investors following cleantech stocks we do have a directory of publicly traded stocks – visit

https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

 

Visit the Cleantech and Climate Change Podcast page at Investorideas.com

 

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Play Music and most audio platforms available.

 



 

Contact Galaxy

https://www.galaxypower.ca/

+1 416.573.4300

jpcolin@galaxypower.ca

Galaxy Power Inc.

Generating Ideals for Ideal Generations

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com publishes breaking stock news,  third party stock research , guest posts and original  articles and podcasts in leading stock sectors.  https://www.investorideas.com/About/

 

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Friday, June 25, 2021

#Oil&Gas #Stocks in the News: Foothills Exploration Inc. (OTC: $FTXP) Announces Elimination of More Than $1.6 Million of Outstanding Variable-Rate Convertible Debt; @Foothills_FTXP

#Oil&Gas #Stocks in the News: Foothills Exploration Inc. (OTC: $FTXP) Announces Elimination of More Than $1.6 Million of Outstanding Variable-Rate Convertible Debt; @Foothills_FTXP

 

LOS ANGELES, June 25, 2021  – (Investorideas.com newswire ) Breaking energy/cleantech stock  news  – Foothills Exploration, Inc. (OTC: FTXP),, including its direct and indirect subsidiaries, ("Foothills," or the "Company"), an oil and gas exploration company, is pleased to announce that the Company has reached settlement agreements with and/or repaid and retired convertible promissory notes with all but one of its variable-rate convertible noteholders.

 

Read this news, featuring FTXP in full at https://www.investorideas.com/news/2021/renewable-energy/06251Foothills-Exploration-Eliminate-Convertible-Debt.asp

 

Balance Sheet Initiatives:

 

For the remainder of 2021, the Company’s intended strategy is to settle and eliminate its outstanding variable rate convertible debt to clean up its balance sheet and better position itself for future growth.

 

To that end, the Company has reached settlement and mutual release agreements with and/or repaid and retired convertible promissory notes with all but one of its variable-rate convertible noteholders. Over the past 100 days, the Company has paid $1.6 million to retire 10 variable-rate convertible promissory notes.

 

“This is a significant accomplishment, which positions the Company for tremendous future growth,” commended Kevin J. Sylla, Executive Chairman of Foothills. “Management is making good on its promise to take steps to avoid future shareholder dilution and taking strong action to reduce or completely eliminate toxic debt and future dilution risk for our shareholders. This colossal step prevents several billions of shares from coming onto the market,” continued Sylla.

 

The Company notes that all of its outstanding capital obligations to its convertible noteholders were subject to conversion at a significant discount to the stock’s current trading price. However, as a result of the Company’s move to eliminate these obligations, no related conversions will take place. In place of the variable rate convertible notes, the Company has taken on several fixed rate convertible notes from the same lender with a conversion price set above the market, which it plans to refinance prior to maturity.

 

About the Company

Foothills Exploration, Inc. (FTXP), is an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow. The Company’s strategy is to build a balanced portfolio of assets through two core initiatives. The first initiative is to generate high-impact oil and gas exploration projects. The second is to invest in hydrogen and geothermal projects for a low carbon future through its New Energy Ventures division by identifying areas where the Company can contribute to a viable, realistic, and balanced future energy mix. For additional information please visit the Company’s website at www.foothillspetro.com.

 

Forward-Looking Statements

All statements, other than statements of historical facts, included in this release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. These statements are based on certain assumptions we made based on management's experience, perception of historical trends and technical analyses, current conditions, capital plans, drilling plans, production expectations, our ability to raise adequate additional capital, or enter into other financing arrangements to support our acquisition, development and drilling activities, anticipated future developments, and other factors believed to be appropriate and reasonable by management. When used in this release, words such as "will," “possible,” "potential," "believe," "estimate," "intend," "expect," "may," "should," "anticipate," "could," "plan," "predict," "project," "profile," "model," "strategy," "future" or their negatives or the statements that include these words or other words that convey the uncertainty of future events or outcomes, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. In particular, statements, express or implied, concerning our future operating results and returns or our ability to acquire or develop proven or probable reserves, our ability to replace or increase reserves, increase production, or generate income or cash flows are forward-looking statements.

 

Forward-looking statements are not guarantees of performance. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. As a result, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. We have had sporadic and limited revenue and our securities are subject to considerable risk. Investors are cautioned to review FTXP’s filings with the Securities and Exchange Commission for a discussion of risk and other factors that affect our business. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

 

Investor Contact

Christopher Jarvis

EVP of Finance

(800) 204-5510

ir@foothillspetro.com

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring FTXP is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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Thursday, June 24, 2021

#Energy/#Cleantech #Stock News - FOOTHILLS EXPLORATION INC. (OTC: $FTXP) ANNOUCES ELIMINATION OF MORE THAN $1.6 MILLION OF OUTSTANDING VARIABLE-RATE CONVERTIBLE DEBT; @Foothills_FTXP

 


#Energy/#Cleantech #Stock News - FOOTHILLS EXPLORATION INC. (OTC: $FTXP) ANNOUCES ELIMINATION OF MORE THAN $1.6 MILLION OF OUTSTANDING VARIABLE-RATE CONVERTIBLE DEBT; @Foothills_FTXP

 

LOS ANGELES, June 24, 2021  – (Investorideas.com newswire ) Breaking energy/cleantech stock  news  – Foothills Exploration, Inc. (OTC: FTXP),, including its direct and indirect subsidiaries, ("Foothills," or the "Company"), an oil and gas exploration company, is pleased to announce that the Company has reached settlement agreements with and/or repaid and retired convertible promissory notes with all but one of its variable-rate convertible noteholders.

 

Read this news, featuring FTXP in full at https://www.investorideas.com/News/2021/renewable-energy/06241FTXP-Eliminate-Variable-Rate-Convertible-Debt.asp

 

Balance Sheet Initiatives:

 

For the remainder of 2021, the Company’s intended strategy is to settle and eliminate its outstanding variable rate convertible debt to clean up its balance sheet and better position itself for future growth.

 

To that end, the Company has reached settlement and mutual release agreements with and/or repaid and retired convertible promissory notes with all but one of its variable-rate convertible noteholders. Over the past 100 days, the Company has paid $1.6 million to retire 10 variable-rate convertible promissory notes.

 

“This is a significant accomplishment, which positions the Company for tremendous future growth,” commended Kevin J. Sylla, Executive Chairman of Foothills. “Management is making good on its promise to take steps to avoid future shareholder dilution and taking strong action to reduce or completely eliminate toxic debt and future dilution risk for our shareholders. This colossal step prevents several billions of shares from coming onto the market,” continued Sylla.

 

The Company notes that all of its outstanding capital obligations to its convertible noteholders were subject to conversion at a significant discount to the stock’s current trading price. However, as a result of the Company’s move to eliminate these obligations, no related conversions will take place. In place of the variable rate convertible notes, the Company has taken on several fixed rate convertible notes from the same lender with a conversion price set above the market, which it plans to refinance prior to maturity.

 

About the Company

Foothills Exploration, Inc. (FTXP), is an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow. The Company’s strategy is to build a balanced portfolio of assets through two core initiatives. The first initiative is to generate high-impact oil and gas exploration projects. The second is to invest in hydrogen and geothermal projects for a low carbon future through its New Energy Ventures division by identifying areas where the Company can contribute to a viable, realistic, and balanced future energy mix. For additional information please visit the Company’s website at www.foothillspetro.com.

 

Forward-Looking Statements

All statements, other than statements of historical facts, included in this release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. These statements are based on certain assumptions we made based on management's experience, perception of historical trends and technical analyses, current conditions, capital plans, drilling plans, production expectations, our ability to raise adequate additional capital, or enter into other financing arrangements to support our acquisition, development and drilling activities, anticipated future developments, and other factors believed to be appropriate and reasonable by management. When used in this release, words such as "will," “possible,” "potential," "believe," "estimate," "intend," "expect," "may," "should," "anticipate," "could," "plan," "predict," "project," "profile," "model," "strategy," "future" or their negatives or the statements that include these words or other words that convey the uncertainty of future events or outcomes, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. In particular, statements, express or implied, concerning our future operating results and returns or our ability to acquire or develop proven or probable reserves, our ability to replace or increase reserves, increase production, or generate income or cash flows are forward-looking statements.

 

Forward-looking statements are not guarantees of performance. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. As a result, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. We have had sporadic and limited revenue and our securities are subject to considerable risk. Investors are cautioned to review FTXP’s filings with the Securities and Exchange Commission for a discussion of risk and other factors that affect our business. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

 

Investor Contact

Christopher Jarvis

EVP of Finance

(800) 204-5510

ir@foothillspetro.com

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring FTXP is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

About Investorideas.com and http://www.renewableenergystocks.com/

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Sign up for free stock news alerts at Investorideas.com

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Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others. 




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Wednesday, June 23, 2021

The Race for More #Efficient and #CostEffective #Battery Sources; (TSXV: $NBM.V) (OTC: $NBMFF) (NYSE: $GM) (NASDAQ: $TSLA) (NYSE: $F) (XETRA: VOW.DE) @neo_battery @telsa @Ford @GM @VW

The Race for More #Efficient and #CostEffective #Battery Sources; (TSXV: $NBM.V) (OTC: $NBMFF) (NYSE: $GM) (NASDAQ: $TSLA) (NYSE: $F) (XETRA: VOW.DE) @neo_battery @telsa @Ford @GM @VW

 

Point Roberts WA, Delta, BC – June 23, 2021 - Investorideas.com, a leading investor news resource covering cleantech and mining stocks releases a sector snapshot on the race for more efficient and cost effective battery sources as more car manufacturers enter the EV space and demand continues to grow. Vancouver-based NEO Battery Materials Ltd. (TSXV: NBM.V(OTC: NBMFF), a resource company focused on battery materials and metalsintends to become a lead player in the space as a silicon anode materials supplier to the electric vehicle industry.

 

Read this article featuring NEO in full at https://www.investorideas.com/News/2021/renewable-energy/06231Cost-Effective-Battery.asp

 

In a recent report from Reuters, it was announced that the Biden administration will begin to emphasize battery recycling as part of its electric-car plans, aiming to address supply issues. The recycling push is the result of a 100-day review of gaps in the supply chain of key areas, including metals used in batteries for EVs and consumer electronics, the report said. The administration is seeking not only to expand EV adoption, but to also create a more robust domestic supply chain for key materials.

 

Recycling is seen as a way to help achieve those goals with less reliance on expanded domestic mining, which faces regulatory hurdles and environmentalist opposition, the report said. The administration is also researching ways to reduce metal usage in batteries, according to the report.

 

Another solution is to find new, inexpensive materials that allows the batteries to run longer and last longer. Currently, the anode material is known to be the bottleneck of the battery due to graphite’s limited capacity to store energy or lithium-ions.

 

Silicon, hence, is recognized as the next material to forward the development of batteries as it has a capacity more than 10 times than of graphite. However, silicon expands during charging, which damages the anode and battery. Many approaches have been discussed to counter this issue and to commercialize silicon anodes.

 

As the EV sector continues to grow, there are many looking to solve the silicon issue such as Dr. Jong Hyeok Park, Chief Scientific Advisor and Director of NEO Battery Materials Ltd. (TSXV: NBM) (OTC: NBMFF) who recently announced that NEO’s silicon (Si) nanocoating technology is proving to be highly effective in conventional graphite/Si mixture anodes, overcoming a major barrier to the commercialization of Si anodes in graphite anode systems. In the past week, this test was conducted and validated by a well-established third-party laboratory in South Korea. More detailed experiment conditions are as below:

 

1.      Loading mass: 6.5mg/cm2

2.      Electrode density: 1.1g/ cm3

3.      Natural graphite/Si ratio: 9:1

4.      Charging condition: 0.5C with CC/CV mode (NOT CC mode)

5.      Voltage: 0.01V ~ 1.5V

 

NEO’s previous 100% Si nanoparticle-based durability test results had confirmed that NEO’s proprietary nanocoating technology stabilizes the Si material at long-term operating times required for electric vehicles (EV) and various energy storage applications. These new results further demonstrate the longevity and stability of NEO’s Si anode when it is mixed with a conventional graphite-based anode. Introducing 10% of NEO’s nanocoated silicon in a natural graphite anode allows a more uniform solid-electrolyte interface (SEI) layer formation with minimal volume expansion during cycling, and thus, more than two-times higher capacity retention is obtained.

 

Dr. Park added, “NEO’s Si anode innovation breaks through the barriers that have hindered the commercialization of Si anode materials in conventional graphite-based batteries. Initially, we questioned if the nanocoating layer on Si nanoparticles could be sustainable in conventional graphite powder, but this test provides us a highly positive signal for the commercialization of our patented nanocoating technology in silicon-graphite anodes. This indicates that we may increase the Si contents in graphite systems without serious performance degradation.”

 

Additionally, in the past two weeks, NEO has signed several non-disclosure agreements with some established players in the battery metals and materials industry. Discussions pertain to the advancement of NEO’s silicon production and proprietary nanocoating technology for silicon anodes. Due to reasons of confidentiality and the competitive nature of the industry, all parties will remain unidentified at this point in time.

Spencer Huh, President and CEO of NEO commented, “This is extremely welcome news as we are on an accelerated process to push our corporate initiatives. NEO’s robust portfolio of properties, patents, and personnel are currently producing considerable synergy, and we look forward and are enthusiastic to advance to the next stage of our plans.”

At this time, no further deal terms have been reached, nor has the Company entered into any letters of intent, partnerships, advisory agreements, or any other form of definitive agreement with these parties. As the Company’s discussions remain at preliminary stages, there can be no assurance or guarantee that the Company will enter into binding agreements.

General Motors Co. (NYSE: GM)  recently announced that it will increase its EV and AV investments from 2020 through 2025 to $35 billion, representing a 75 percent increase from its initial commitment announced prior to the pandemic.

 

The company’s enhanced commitment will accelerate its transformative strategy to become the market leader in EVs in North America; the global leader in battery and fuel cell technology through its Ultium battery platform and HYDROTEC fuel cells; and through Cruise, be the first to safely commercialize self-driving technology at scale.

 

“We are investing aggressively in a comprehensive and highly-integrated plan to make sure that GM leads in all aspects of the transformation to a more sustainable future,” said GM Chair and CEO Mary Barra. “GM is targeting annual global EV sales of more than 1 million by 2025, and we are increasing our investment to scale faster because we see momentum building in the United States for electrification, along with customer demand for our product portfolio.”

 

GM first shared its vision of a world with zero crashes, zero emissions and zero congestion nearly four years ago. Key factors changing the landscape include strong public reaction to the GMC HUMMER EV and HUMMER EV SUV, the Cadillac LYRIQ and the Chevrolet Silverado electric pickup; GM and dealer investments in the EV customer experience; public and private investment in EV charging infrastructure; and the global policy environment.

 

“There is a strong and growing conviction among our employees, customers, dealers, suppliers, unions and investors, as well as policymakers, that electric vehicles and self-driving technology are the keys to a cleaner, safer world for all,” Barra said.

 

This announcement builds on GM’s initial commitment announced in March 2020 to invest $20 billion from 2020 through 2025, including capital, engineering expenses and other development costs, to accelerate its transition to EVs and AVs. In November 2020, the company increased its planned investment over the same period to $27 billion.

 

These investments are enabled by GM’s strong underlying business, including record EBIT-adjusted in the last three quarters. GM now expects to deliver better-than-expected results in the second quarter despite the industry-wide impact of the semiconductor shortage.

 

EV favorite Tesla Inc. (NASDAQ:TSLArecently released their new Model S Plaid, which has received its first official EPA rating with a range of 348 miles on a single charge, but that’s for the bigger and less efficient wheels.

 

The EPA is slowly releasing the new ratings for the new versions of the updated Tesla Model S.

Earlier this week, they released the new rating for the updated 2021 Model S Long Range, which received a 120 MPGe (highway and city driving combined) and a range of 405 miles on a single charge.

 

The range was lower than Tesla had originally announced, but the efficiency did improve compared to the previous version of the Model S Long Range trim. Though the EPA has released its first rating for the new Model S Plaid, this was only for the version with 21-inch wheels and the EPA has yet to release the range for the Model S Plaid with 19-inch wheels, but Tesla has been guiding a range of 390 miles.

 

Tesla has been focusing on efficiency since it directly affects battery supply and enables them to make more electric vehicles with the same amount of batteries. Today, there are 25,000 Tesla Superchargers around the world, and with the Model S Plaid adopting a new powertrain, Tesla was able to re-design the battery to take advantage of the third-gen 250-kW Supercharger. Despite Tesla still using the 18650 form-factor cylindrical battery cells, these now have improved chemistry to deliver higher performance and durability. (This is the fourth major chemistry improvement since the first Model S.) With its newest 100-kWh battery pack, Tesla claims the Plaid can recover 187 miles of driving range in 15 minutes of charging at a V3 Supercharger.

 

Ford Motor Company (NYSE:Frecently joined General Motors with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck. The No. 2 U.S. auto giant said that it expects adjusted pretax earnings for the second quarter to surpass its own expectations and be "significantly better" than a year ago.

 

That's despite the semiconductor shortage, which Ford said April 28 would halve its planned Q2 production and reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.Ford will report for Q2 and offer an outlook for the rest of the year on July 28.

 

Recently Ford touted 100,000 reservations for the F-150 Lightning, its first all-electric pickup truck and Tesla Cybertruck rival. That's up from 20,000 reported May 20 after a launch event, and 70,000 on May 26.

 

Meanwhile, its new compact Maverick truck has 36,000 reservations, just a week after unveiling. Ford also reported 20,000 reservations for the all-electric E-Transit commercial van and 190,000 for the new, full-size Bronco SUV.

 

Ford also recently announced acquiring Electriphi, a California-based provider of charging management and fleet monitoring software for electric vehicles. Electriphi’s team and services will be integrated into Ford Pro – a new global business within Ford committed to commercial customer productivity and to developing the most advanced charging and energy management experiences.

 

While more commercial vehicle customers are considering all-electric vehicles, charging management remains a hurdle to mass adoption. Ford Pro plans on leveraging its leadership position in the commercial vehicle market, its vehicle offerings and Electriphi’s technology to help customers with this transition.

 

“As commercial customers add electric vehicles to their fleets, they want depot charging options to make sure they’re powered up and ready to go to work every day,” said Ford Pro CEO, Ted Cannis. “With Electriphi’s existing advanced technology IP in the Ford Pro electric vehicles and services portfolio, we will enhance the experience for commercial customers and be a single- source solution for fleet-depot charging.”

 

“Customers have been clear – electrification of their fleets is inevitable, with significant economic and sustainability benefits. They now need solutions that enable a seamless transition to electric vehicles,” said Electriphi CEO and co-founder, Muffi Ghadiali. “Our synergies with Ford Pro will supercharge this transition. We’ll delight customers by helping them reap the benefits of electrification, so they can focus on what matters most – running their businesses effectively.”

 

Volkswagen AG (XETRA:VOW.DEannounced earlier in June that it is participating, with a contribution of US$620 million (about €500 million), in a financing round of its Swedish battery partner Northvolt AB with a total volume of US$2.75 billion. The Group will thus maintain its stake in the company at about 20 percent. The funds are to be used for capacity expansion in the fields of production, recycling and research and development. Among other activities, Northvolt intends to expand the capacity of its Northvolt Ett gigafactory in SkellefteÃ¥, Northern Sweden from 40 GWh to 60 GWh per year, in order to meet higher demand from customers.

 

Arno Antlitz, Group Board Member for Finance and IT said, “With this investment, we are strengthening our strategic partnership with Northvolt as a supplier of sustainable battery cells which are produced using renewable energy and are comprehensively recyclable.”

 

Thomas Schmall, Group Board Member for Technology and CEO of Volkswagen Group Components stated, “Batteries are one of the key success factors in our unprecedented electric offensive. In the major area of green battery cells, we are assuming a pioneering role in Germany and Europe together.”

 

Volkswagen had already invested about €900 million in Northvolt in June 2019, acquiring about 20 percent of the shares in the company as well as a seat on the Board of Directors. The production of Volkswagen premium cells is to be concentrated at SkellefteÃ¥ in cooperation with Northvolt. Production of these cells is due to start in 2023 and the annual capacity intended for Volkswagen is to be built up step-by-step to as much as 40 GWh.

 

The second Volkswagen gigafactory is located in Salzgitter and will produce the standard cell for the volume segment from 2025. It is also expected to reach an annual production volume of up to 40 GWh. Both gigafactories are to be operated using electric power from renewable energy sources.

 

All in all, Volkswagen expects to commission six cell factories in Europe by 2030 together with its partners with a view to safeguarding the ramp-up of electric vehicle production. After Skellefteå and Salzgitter, possible locations and partners for the next cell factories are already being considered.

 

As the production race rages on from EV automakers trying to meet current consumer demand, advancement in battery efficiency, battery recycling and battery production could see a major boom which is creating new challenges as well as opportunities for companies to solve this growing battery dilemma.

 

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