General Motors

Governor Holcomb, IEDC Secure Largest Quarter of Committed Capital Investment in State History

Retrieved on: 
Thursday, March 28, 2024
Growth, Environment, Terre Haute, Indiana, Partnership, Hoosier, Economic development, Entrepreneurship, Commerce, Samsung, Investment, Semiconductor, Eli Lilly and Company, General Motors, Renewable energy

INDIANAPOLIS, March 28, 2024 (GLOBE NEWSWIRE) -- Governor Eric J. Holcomb announced today at the Indiana Economic Development Corporation (IEDC) board of directors meeting that the IEDC has secured $20.68 billion in committed capital investment so far in 2024, marking the highest quarter on record for capital investment in the agency’s nearly 20-year history.

Key Points: 
  • INDIANAPOLIS, March 28, 2024 (GLOBE NEWSWIRE) -- Governor Eric J. Holcomb announced today at the Indiana Economic Development Corporation (IEDC) board of directors meeting that the IEDC has secured $20.68 billion in committed capital investment so far in 2024, marking the highest quarter on record for capital investment in the agency’s nearly 20-year history.
  • This committed capital investment already totals 72% of the capital investment committed in all of 2023 ($28.7 billion), which was an all-time high for the IEDC.
  • Since that time, the IEDC has celebrated two consecutive record-breaking years in 2022 and 2023 , securing a total of $71.57 billion in new committed capital investment since the beginning of 2022.
  • With the board’s approval today, these companies are expected to begin making announcements in the coming weeks and months.

UNCF Celebrates Tremendous Success of the National 80th Anniversary “A Mind Is…”® Gala, Raising Over $2M to Support HBCUs

Retrieved on: 
Tuesday, March 26, 2024
Bank of America, The Coca-Cola Company, Alaska Airlines, Target, University, Keepers, Coca-Cola, Education, U.S. Bancorp, Howard University, Bank, UNCF, Human, Social responsibility, Toyota, Student, Biology, Fisk Jubilee Singers, Chemistry, JPMorgan Chase, ExxonMobil, Oaktree Capital Management, General Motors, Delta Air Lines

UNCF awarded its first National Alumni of the Year Award to Dr. Rubye Taylor-Drake for her invaluable work in helping to support UNCF’s National Alumni Council .

Key Points: 
  • UNCF awarded its first National Alumni of the Year Award to Dr. Rubye Taylor-Drake for her invaluable work in helping to support UNCF’s National Alumni Council .
  • The 80th anniversary “A Mind Is...” Gala featured captivating entertainment that added to the excitement of the evening.
  • "We are overwhelmed by the generosity and support shown at our 80th Anniversary “A Mind Is...” Gala," said Dr. Lomax.
  • “UNCF is grateful to all the sponsors, donors and attendees who made the 80th Anniversary “A Mind Is...” Gala a resounding success.

Preparations Begin in Downtown Detroit for 2024 NFL Draft Presented by Bud Light

Retrieved on: 
Tuesday, March 26, 2024
Friends, National Football League Draft, Cadillac, City, Michigan Economic Development Corporation, Transport, DTE Energy, NFL Network, Phase 1, Fan service, Restaurant, NFL, General Motors, Penske Corporation, Columbia Street, ESPN, Huntington Bancshares, Flagstar Bank, Detroit Lions, The Development, ESPN Deportes, Detroit Partnership, State, ABC, Conscription, Development, W. K. Kellogg Foundation, Detroit Pistons, Theatre, Philip A. Hart Plaza, Knight Foundation, DDP, Football, Corktown, Corner Ballpark, DDOT, Rocket Mortgage, M-1 (Michigan highway), Smartphone, Fifth Third Bank, PNC Financial Services, RTA, Beacon Park, SMART, Nightclub

The announcement, marking 30 days before night one of the Draft on April 25, took place at the Development at Cadillac Square—formerly known as the Monroe Midway—the site of the NFL Draft Theater.

Key Points: 
  • The announcement, marking 30 days before night one of the Draft on April 25, took place at the Development at Cadillac Square—formerly known as the Monroe Midway—the site of the NFL Draft Theater.
  • During the media event, the City announced the first downtown street closures for the Draft, which is expected to attract hundreds of thousands of visitors and customers for downtown businesses.
  • “The Downtown Detroit Partnership’s ‘Draft Day in the D’ is free to fans, friends, and families who will be enjoying Detroit during Draft Weekend,” said Downtown Detroit Partnership CEO Eric B. Larson.
  • For more information on the NFL Draft presented by Bud Light, fans should visit nfl.com/draft/event-info and download the NFL OnePass app or on the web at NFL.com/DraftAccess .

AIChE Selected by DOE to Lead New Hydrogen Electrolyzer and Fuel Cell Recycling Consortium 

Retrieved on: 
Tuesday, March 26, 2024
Hydrogen, Delaware State University, University of Houston, Worcester Polytechnic Institute, Plug Power, Oak Ridge National Laboratory, National Renewable Energy Laboratory, Recycling, Chemours, Research, University, American Institute, RDD, University of Delaware, RD, DOE, General Motors, Electrolysis, Renewable energy

Among the recipients, the American Institute of Chemical Engineers (AIChE) was selected to lead H2CIRC, a new “recovery and recycling” consortium charged with developing innovative and practical approaches to enable the recovery, recycling, and reuse of materials and components for hydrogen fuel cells and electrolyzers.

Key Points: 
  • Among the recipients, the American Institute of Chemical Engineers (AIChE) was selected to lead H2CIRC, a new “recovery and recycling” consortium charged with developing innovative and practical approaches to enable the recovery, recycling, and reuse of materials and components for hydrogen fuel cells and electrolyzers.
  • This development will be supported by federal funding to be awarded to AIChE for the Hydrogen Electrolyzer and Fuel Cell Recycling Consortium, which totals $50 million over five years.
  • Additional DOE funding is being awarded for projects including low-cost, high-throughput electrolyzer manufacturing; electrolyzer component and supply chain development; advanced technology and component development; advanced manufacturing of fuel cell assemblies and stacks; and fuel cell supply chain development.
  • AIChE and its consortium partners will establish a blueprint across the industry for recycling electrolyzer and fuel cell systems and components, aimed at securing long-term supply chain security and environmental sustainability.

Clean Energy Buyers Alliance Names Energy Innovator Rich Powell as New CEO

Retrieved on: 
Monday, April 8, 2024
Congress, Growth, Climate, Economic development, Policy, Human, CEBA, Energy, Rich's, Rich, Collection, McKinsey & Company, General Motors, RMI, Renewable energy

WASHINGTON, April 8, 2024 /PRNewswire/ -- The Clean Energy Buyers Alliance proudly announces the appointment of Rich Powell as its new chief executive officer.

Key Points: 
  • WASHINGTON, April 8, 2024 /PRNewswire/ -- The Clean Energy Buyers Alliance proudly announces the appointment of Rich Powell as its new chief executive officer.
  • The Clean Energy Buyers Alliance is comprised of the Clean Energy Buyers Association (CEBA) and the Clean Energy Buyers Institute (CEBI).
  • Before leading ClearPath, Rich advised leading global clean energy consuming and producing firms in McKinsey & Company's energy and sustainability practices on clean energy procurement strategy, energy efficiency, and clean energy market entry.
  • "His deep understanding of new clean energy technologies, global energy market dynamics, and business models will help us further accelerate clean energy for all, particularly as our work expands globally."

Clean Energy Buyers Alliance Names Energy Innovator Rich Powell as New CEO

Retrieved on: 
Monday, April 8, 2024
Congress, Growth, Climate, Economic development, Policy, Human, CEBA, Energy, Rich's, Rich, Collection, McKinsey & Company, General Motors, RMI, Renewable energy

WASHINGTON, April 8, 2024 /PRNewswire/ -- The Clean Energy Buyers Alliance proudly announces the appointment of Rich Powell as its new chief executive officer.

Key Points: 
  • WASHINGTON, April 8, 2024 /PRNewswire/ -- The Clean Energy Buyers Alliance proudly announces the appointment of Rich Powell as its new chief executive officer.
  • The Clean Energy Buyers Alliance is comprised of the Clean Energy Buyers Association (CEBA) and the Clean Energy Buyers Institute (CEBI).
  • Before leading ClearPath, Rich advised leading global clean energy consuming and producing firms in McKinsey & Company's energy and sustainability practices on clean energy procurement strategy, energy efficiency, and clean energy market entry.
  • "His deep understanding of new clean energy technologies, global energy market dynamics, and business models will help us further accelerate clean energy for all, particularly as our work expands globally."

Corvette E-Ray with Carbon Revolution Wheels Wins The Drive’s Best Performance Car of 2023 Award

Retrieved on: 
Wednesday, March 20, 2024
Carbon, EV, Original equipment manufacturer, Z06, Drive, Z07, Corvette Z06, Corporate average fuel economy, Ford, Ferrari, Price action trading, OEM, C8, CAFE, The Drive, ZR1, Jaguar Land Rover, Dowsing, NHTSA, General Motors

The 2024 E-Ray marks the first time a General Motors hybrid electric product has used Carbon Revolution’s class-leading carbon fiber wheels.

Key Points: 
  • The 2024 E-Ray marks the first time a General Motors hybrid electric product has used Carbon Revolution’s class-leading carbon fiber wheels.
  • “The General Motors Corvette Z06 and ZR1 have been some of Carbon Revolution’s most successful high-volume programs.
  • We expect that given the recent performance awards for the E-Ray, this program will continue the trend of success,” said Jake Dingle, CEO of Carbon Revolution.
  • The E-Ray’s optional five-spoke carbon fiber wheels, made by Carbon Revolution, cut 41 pounds from the Corvette’s unsprung, rotational curb weight compared with the forged aluminum option.

First partial driving automation safeguard ratings show industry has work to do

Retrieved on: 
Tuesday, March 12, 2024
Automation, Volvo, Lexus, Silver, Ford Mustang Mach-E, Environment, Team sport, Name, SOS, Risk, Insurance, Education, Mercedes-Benz, Supercruise, Research, Navi, Software, Ford, Emergency, Death, Brazilian jiu-jitsu ranking system, FEC, AEB, S90, BMW, Ford Mustang, Tesla Model 3, Partial, Radar, Mercedes-Benz C-Class, Safety, Injury, Mobile, Tesla Autopilot, Hertz, Ariya, Adaptive cruise control, ACC, General Motors, Nissan Ariya, GMC Sierra, IIHS, Road

“We evaluated partial automation systems from BMW, Ford, General Motors, Genesis, Lexus, Mercedes-Benz, Nissan, Tesla and Volvo,” IIHS President David Harkey said.

Key Points: 
  • “We evaluated partial automation systems from BMW, Ford, General Motors, Genesis, Lexus, Mercedes-Benz, Nissan, Tesla and Volvo,” IIHS President David Harkey said.
  • The GMC Sierra and Nissan Ariya are both available with partial automation systems that earn marginal ratings.
  • “Some drivers may feel that partial automation makes long drives easier, but there is little evidence it makes driving safer,” Harkey said.
  • “These results are worrying, considering how quickly vehicles with these partial automation systems are hitting our roadways,” Harkey said.

MP Materials Awarded $58.5 Million to Advance U.S. Rare Earth Magnet Manufacturing

Retrieved on: 
Monday, April 1, 2024
Other Manufacturing, Environment, EV, Electric Vehicles, Automotive, Public Policy, Government, Manufacturing, Mining, Minerals, White House, Federal Government, Natural Resources, IRS, MP, Neodymium magnet, Electronics, Commerce, Magnet, Primary energy, Multimedia, Treasury, General Motors

MP Materials (NYSE: MP) has received a $58.5 million award to advance its construction of America’s first fully-integrated rare earth magnet manufacturing facility.

Key Points: 
  • MP Materials (NYSE: MP) has received a $58.5 million award to advance its construction of America’s first fully-integrated rare earth magnet manufacturing facility.
  • View the full release here: https://www.businesswire.com/news/home/20240401035042/en/
    MP Materials has received a $58.5 million award to advance its construction of America’s first fully-integrated rare earth magnet manufacturing facility, pictured in October 2023, Fort Worth, Texas (Photo: Business Wire)
    Neodymium-iron-boron (NdFeB) magnets are the world’s most powerful and efficient permanent magnets.
  • MP Materials began constructing its Fort Worth, Texas, manufacturing facility in April 2022.
  • MP will source the factory’s raw material inputs from Mountain Pass, California, where MP owns and operates America’s only scaled and operational rare earth mine and separations facility.

NMG Provides Commercial and Operational Update upon Filing 2023 Financial Reports: Significant Progress over the Year in Advancing North America’s Mine-to-Battery-Material Graphite Production

Retrieved on: 
Thursday, March 28, 2024
Natural Resources, Batteries, Alternative Energy, EV, Electric Vehicles, Energy, Automotive, Technology, Mining, Minerals, Carbon, Quality control, Anchor, Innu, Investment, TYO, Inflation, General Motors, EVS, Minority, FID, Education, Benchmark Mineral Intelligence, United States Geological Survey, Graphite, CO2, Verified Carbon Standard, Safety, Workforce, Climate change, Acceleration, VCS, GHG, ESG, Regulation, Acquisition, Student, Annual report, Kilowatt-hour, NOU, NMG, Engineering, Health, Intel, Government, Abitibi, GM, Pressure, Growth, Unitary state, Environment, Bloomberg, Mineral, Multimedia

Leveraging this technological platform, over 4,200 samples were reviewed and prepared by the Company’s battery laboratory in 2023.

Key Points: 
  • Leveraging this technological platform, over 4,200 samples were reviewed and prepared by the Company’s battery laboratory in 2023.
  • NMG also signed a supply agreement with GM for 18,000 tpa of active anode material for an initial term of six years.
  • The Company maintains intensive commercial discussions and continued product qualification with other tier-1 battery manufacturers for the balance of its Phase-2 production.
  • Such measures reaffirm the importance of establishing a local, resilient, and ESG-compliant supply chain of graphite to support battery and EV production.