Author: omc_admin
DS Automobiles delivered a new vehicle, the Presidential DS No.8, to the French President for the 80th anniversary of VE Day. It’s the first time a president of a republic has had a fully electric official state vehicle. The PRESIDENTIAL DS No. 8 is DS Automobile’s new electric flagship, and was driven to the Paris Armistice celebrations in the vehicle yesterday, May 8. The armoured vehicle was created especially for the Presidency of the French Republic, and was modified in several ways by the brand. It has a regal-looking Sapphire Blue paintjob with black-painted quarter panels and an illuminated grill…
Sunwoda NoahX 3.0 6.528MWh Liquid-Cooling ESS Launched Sunwoda Energy made a significant impact at EES Europe 2025, Europe’s largest and most international exhibition for batteries and energy storage systems, by unveiling several groundbreaking innovations.These included the launch of its 6.528MWh liquid cooling energy storage system powered by Sunwoda’s advanced 625Ah high-capacity battery cells and a 179kWh C&I ESS. The company also presented fully integrated energy storage solutions, covering the entire value chain—from battery cells and packs to integrated systems, reinforcing its commitment to advancing high-capacity battery technology for a sustainable future. Sunwoda Energy’s Groundbreaking ESS Innovations At the heart of…
The U.S. Energy Information Administration (EIA) lowered its West Texas Intermediate (WTI) spot average price forecasts for 2025 and 2026 in its latest short term energy outlook (STEO), which was released on May 6. According to that STEO, the EIA now sees the WTI spot price averaging $61.81 per barrel this year and $55.24 per barrel next year. In its previous STEO, which was released in April, the EIA projected that the WTI spot price would average $63.88 per barrel in 2025 and $57.48 per barrel in 2026. Both STEOs highlighted that the WTI spot price came in at $76.60…
US President Donald Trump (R) and Saudi Deputy Crown Prince Mohammad bin Salman al-Saud take part in a bilateral meeting at a hotel in Riyadh on May 20, 2017.Mandel Ngan | AFP | Getty ImagesDUBAI, United Arab Emirates — U.S. President Donald Trump will touch down in the Persian Gulf region – or as he may soon be calling it, the Arabian Gulf – on May 13, for an official trip with stops in Saudi Arabia, Qatar and the United Arab Emirates. The stakes are high, as the visits take place amid turbulent geopolitical tensions. On the agenda will be Israel-Gaza…
Occidental Petroleum Corp. divested non-core proved and unproved royalty and mineral stakes in the DJ Basin for about $900 million and certain non-core Permian Basin assets for around $400 million in the first quarter (Q1), the hydrocarbons and chemicals producer said in its quarterly report. To keep debt manageable, Houston, Texas-based Occidental launched a $4.5 billion-$6 billion asset sale program when it announced its merger with CrownRock LP late 2023. Occidental completed its $12.4 billion purchase of CrownRock in Q3 2024. Occidental said in its annual report for 2024 it had achieved its near-term debt repayment goal of $4.5 billion in Q4…
Panasonic Holdings said on Friday it will cut 10,000 staff and expects to book restructuring costs of 130 billion yen ($896.06 million) this business year as part of an overhaul of the company.The electronics manufacturer will make the staff cuts mainly in the current business year, with half of them planned for Japan and the other half for overseas, it said in a statement.The cuts will come through consolidation of sales and indirect operations as well as sites, business terminations and employees in Japan taking early retirement, it said.Panasonic has around 228,000 staff worldwide, according to…
Battery management software provider Breathe Battery Technologies announced that it has raised $21 million in a Series B financing round, as the company launches a suite of battery simulation software, embedded software and battery services. Spun out of Imperial College in 2019, London-based Breathe provides tools aimed at enabling the design, validation and optimization of better batteries, including physics-based simulation and embedded software products encompassing the full battery development lifecycle. Alongside the capital raise, Breathe announced the launch of three new products, including Breathe Model, an advanced cell simulator software solution enabling high-level simulations based on physics-based electrochemical and thermal…
A new truck charging service for MAN eTruck drivers is now available to the public at charging sites across Europe. Around 650 eTruck standard-ready locations are currently open, with this set to rise to 1000 by the end of 2025. In essence, MAN Charge&Go makes it easier to find truck-compatible charging points and also enables easy payments using a dedicated charging card. It helps drivers find locations with the MAN eTruck ready standard, which ensures charging points comply with manoeuverability, height, and weight restrictions. This is via a digital map interface which shows truck charging points that comply either with…
Britain on Friday announced a 1 billion pound ($1.33 billion)funding deal for a new AESC gigafactory which will manufacture electric vehicle batteries. Japanese-headquartered battery maker AESC will build the facility in Sunderland, northern England. The government said it would provide batteries for up to 100,000 EVs per year – a six-fold increase on current capacity. “We are going further and faster to boost our industries’ resilience and encourage their growth,” finance minister Rachel Reeves said in a statement. ““This investment in Sunderland will not only further innovation and accelerate our move to more sustainable transport, but…
Nissan has cancelled its plans for an LFP battery plant in Kitakyushu, Japan. The financially troubled carmaker says its decision was made as it takes “immediate turnaround actions” and explores “all options to recover its performance.” “After careful consideration of (the) investment efficiency, we have decided to cancel the construction of a new LFP battery plant in Kitakyushu City, Fukuoka Prefecture,” Nissan has stated. Reuters reported the statement as an indication of the company’s willingness to scale back its domestic market ambitions. The Japanese carmaker has already reduced its activities in China and North America. The carmaker’s new CEO, Ivan…