Boeing Makes Add'l $450 Mn Investment in Electric Vertical Take-Off & Landing Plane

Vistra augments CA Moss Landing storage project, taking it to 750 MW and 3,000 MWh; PG&E announces nine new battery contracts totaling 1,600 MW; China’s CALB to develop yet another 100 GWh of battery manufacturing capacity; Chinese vehicle OEM Geely sets up 2nd JV to create EV battery swap ecosystem in China, with another 5,000 stations planned; Nordic Green Ammonia Power Ship Initiative into 2nd stage, w/planned design of ammonia-powered vessel to ply Nordic waters by 2025; Boeing invests another $450 mn in electric autonomous vertical take-off and landing small plane

1) Vistra expands Moss Landing energy storage facility in CA, from 400 MW / 1600 MWh, to 750 MW / 3000 MWh

2) PG&E inks nine new battery projects totaling 1600 MW of new capacity, bringing its total to over 3300 MW by 2024.

3) Chinese battery manufacturer CALB plans two additional battery production facilities, each at 50 GWh. Current plans are for a total of 500 GWh by 2025.

4) Chinese car company, Geely announces 2nd JV for EV battery swap ecosystem of 5,000 stations.

5) Nordic Green Ammonia Power Ship Initiative moves into two-year program to develop ammonia powered ship design, with goal of first vessel by 2024-2025.

6) Boeing plunks down another $450 million in Whisk Arrow JV to develop electric vertical takeoff and landing, autonomous aerial taxis. Funds in part for the start of series production.