Rosatom, Ontario, Johnson Matthey, MTEE.
From nuclear to lithium: Russian nuclear giant Rosatom, rushes to join the lithium run and targets 30 percent non-nuclear sales by 2030. The state-owned corporation builds on the electric car boom and plans to mine and trade the metal and supply complete power packs as well. Rosatom is already looking into reviving lithium mines in Siberia and also got its eyes on South America to buy its way in. A trading company is open for business in Swiss Zug and Rosatom stated an interest in working with carmakers as well. The move comes as sales of uranium, Rosatom’s core business, are in rapid decline.
Concepts for fuel cell trains wanted: Ontario is seeking design concepts for hydrogen-powered trains as an alternative to overhead wires. The province wants to electrify its GO rail network to change how people move around the Greater Toronto and Hamilton Area (GTHA). A feasibility study called HyRail is currently running and train design will become a decisive part of it.
E-mobility is Johnson Matthey’s next bet on big business and so it will invest 200m pounds next year to include battery materials in its portfolio. The British specialty chemicals company explains its move with the growth it expects in the electric automotive industry.
Novel Range Extender: Mitsubishi subsidiary MTEE presents the Range+ a generator for charging while driving. The range extender uses a gas turbine to drive a generator that charges the battery.