Charging Trucks With a Household's Worth of Energy in 28 Seconds

NREL and CharIN testing components for 3.75 MW electric truck charging system; China Lithium Battery Technology (CALB) expanding battery production capacities to 300 GWh by 2025; Maersk investing $1.4 bn in methanol-driven ships; Sinopec shelling out $4.6 bn on hydrogen by 2025 to become leading H2 producer; Swiss Re signs world's first long-term direct carbon capture agreement w/Climeworks AG.

1) NREL and CharIN are testing elements of a standardized 3.75 MW electric truck charging system called MCS.

2) China Lithium Battery Technology (CALB) will expand battery production plants to 300 GWh by 2025. CALB also investing in R&D centers in Shanghai, Japan, Europe, and North America.

3) Shipping giant Maersk orders eight methanol-powered container ships at $1.4 bn, to be delivered by 2024. Clean methanol supply may be an issue.

4) Sinopec Corp., to spend $4.6 bn on hydrogen production by 2025 and will, "expand forcefully into making hydrogen from renewable energy" as it aims for carbon neutrality by 2050.

5) Reinsurance leader Swiss Re signs world's first long-term agreement for direct carbon capture with Climeworks AG, for $10 million over 10 years. The hope is to catalyze others in following.
Climeworks just began operating a direct air capture plant in Iceland in the second week of September and will capture 4,000 tons per year. Eventual goal is megaton removal capacity by latter half of this decade.