Alfa Laval acquires RenCat’s hydrogen processing technology to compete in the growing market

Key Insights and Signals in Industrial

Center setup and Expansion
Endress+Hauser celebrates the opening of additional buildings in Stahnsdorf
The instrumentation company expanded its center of competence for silicon pressure sensors in Stahnsdorf near Berlin, Germany, at the cost of more than EUR 12 Mn (USD 12.7 Mn). A new production hall was added to the existing building to serve the growing demand for silicon pressure instrumentation. Read More>>
ChargePoint opens new United Power EV charging station 
The company opened its third public electric vehicle fast-charging station with a ribbon-cutting event. The newest charging station in the cooperatives network is located at its Carbon Valley, Colorado, office along Interstate 25, just south of Longmont, and fills a 30-mile gap in available charging options. Read More>>
Trumpf proposes 52,000-square-foot addition to the Farmington manufacturing building
The North American headquarters of a machine-manufacturing company is proposing a 52,000-square-foot addition to the largest building on its campus at 1 Johnson Road in Farmington. In addition to the manufacturing facility, there are two office buildings, which are 76,200 square feet and 32,032 square feet. Read More>>
Fluence Corporation lands USD 1.9 Mn water treatment order from US Govt.
The company signed a contract with the US Government to supply four wastewater treatment plants. The order was placed by Supply Core, a contractor to the US Federal Emergency Management Agency, which falls under the US Department of Homeland Security. Read More>>
Alstom to deliver first semi-high speed RRTS train to NCRTC  
The company will deliver the first state-of-the-art semi-high speed RRTS trainset to National Capital Region Transport Corporation. Alstom had commenced manufacturing the regional commuter and transit trains for the Delhi-Ghaziabad-Meerut semi-high-speed rail corridor for RRTS Phase 1. Read More>>
Plug Power to create green hydrogen JV with Olin, build a plant in Louisiana
The companies plan to set up a joint venture to produce and market green hydrogen in North America. The two companies have entered a memorandum of understanding (MOU) that outlines their partnership. The pact calls for Olin to provide reliable hydrogen production and operational support. Read More>>
Hindustan Zinc signs MoU with Sandvik to introduce BEVs in underground mining
The company signed a Memorandum of Understanding with Sandvik AB to introduce battery-powered loaders and trucks in underground mining. Hindustan Zinc is set to introduce Sandvik’s battery electric TH550B trucks and LH518B loaders in their underground mines to reduce carbon emissions. Read More>>
Mergers and Acquisition
Alfa Laval acquires patented technology to strengthen its position in carbon-neutral fuel processing
The company acquired patented technology from the Danish company RenCat to reform hydrogen from ammonia. RenCats patented technology generates hydrogen from ammonia in fuel cells or combustion engines. Read More>>
FMN completes acquisition of Honeywell Flour Mills
First Bank of Nigeria Limited holds the company after getting the necessary approvals from regulators. The acquisition was approved by the Federal Competition and Consumer Protection Commission, Nigerian Exchange Limited, and Nigeria’s Securities and Exchange Commission. Read More>>
Executive Movement
SunPower corporation Change in Directors or Principal Officers
Bernadette Baudier resigned as a member of the Board of Directors of SunPower Corporation, a Delaware corporation, as previously announced was her intent, in connection with her retirement. According to the Affiliation Agreement, Ms. Baudier has served as a Total Energies Solar INTL SAS designee. Read More>>
Mikron shareholders approve all proposals of the Board of Directors
Board members Paul Zumbhl, Andreas Casutt, and Hans-Michael Hauser were re-elected for a further one-year term of office. The shareholders also elected Alexandra Bendler and Hans-Christian Schneider to the Mikron Board of Directors, also for a term of one year. Read More>>
Katri Hokkanen appointed interim CFO at Valmet
Ms. Katri Hokkanen has been appointed interim CFO at Valmet as of May 1, 2022. Katri Hokkanen joined Valmet in 2006 and is currently working as Vice President, Finance in Valmet’s Pulp and Energy business line. Before her current position, Katri Hokkanen led the finance operations in Valmet’s Asia Pacific Area organization. Read More>>
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Latest Industry Insights from Draup Braindesk


Key Funding Alert

TDK Ventures invests in 5G RAN Innovator Verana Network
TDK Ventures Inc. invested in 5G infrastructure innovator Verana Networks to bring their 5G radio access network (RAN) technology to market. TDK and Verana have a shared vision for digital transformation, improving 5G communications and Fixed Wireless Access (FWA), IoT, AR/VR, and other applications. Read more>>

Startup Spotlight

Company – Terradepth
Total Funding  USD 30 Mn
About: Terradepth’s mission is to increase ocean knowledge by centralizing and monetizing the world’s ocean data in a machine-learning-backed, cloud-based portal. Its autonomous submersibles are building a holistic virtual picture of the ocean with accurate, high resolution, comprehensive data. Read more>>

Latest Reports Published in Draup

Wavin Account Intelligence Report
Wavin’s pipeline systems leverage an intelligent assistant package to reduce the design time and accurately represent the piping system. It aims to filter rainwater from roads, parking areas, and rooftop buildings by offering filtration products that help manage water. Read More>>
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