Industry News
Kwasi Kwarteng, UK Business and Energy Secretary, and Jonathan Brearley, Ofgem’s Chief Executive have issued a joint statement - “The recent increase in wholesale global gas prices continues to be a cause of concern for consumers, businesses and energy suppliers across the UK. We want to be clear that this is not an issue of supply – the United Kingdom benefits from having a diverse range of gas supply sources with capacity that can more than meet demand.” The joint stat...
Infinitum Electric, the creator of the breakthrough air-core motor, announces it has received an equity investment from Caterpillar Venture Capital Inc., the venture capital arm of Caterpillar Inc. (CAT), the manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, through Cottonwood Technology Fund. The proceeds will be used to further expand the production of Infinitum Electric’s IEs Series motor systems...
Infinitum Electric, creator of the breakthrough air-core motor announced $40 million in Series C funding to scale production of its ultra-high-efficiency, lightweight motors. The investment will be used to expand the production of the company’s IEs Series motors for commercial and industrial applications and complete the development of its IEm Series motors for the rapidly growing electric vehicle market. Energy Innovation Capital led the round with Infinitum Electric’s existing inv...
Forecasted massive growth in electrification across Asia Pacific raises the pressure to ensure that adequate grid infrastructure is in place, in order to avoid slowing down the energy transition, according to DNV GL, which delivers global advisory, certification, and testing services to stakeholders in the energy value chain. DNV’s Energy Transition Outlook 2020 The company’s latest Energy Transition Outlook 2020 (the ‘Outlook’) – an independent model of the world...
Infinitum Electric, a motor technology company leveraging its patented printed circuit board stator innovations to deliver the world’s most efficient and durable IoT-enabled electric motors for size, weight, and cost, announces three senior executive appointments. Michael Gray joins the company as Senior Vice President of Supply Chain and Manufacturing, alongside Paulo Guedes-Pinto as Vice President Technology, and Tracy Gill as Director of Engineering. Gray, Guedes-Pinto, and Gill join I...