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Archive of posts published in the category: Sustainable
Apr
23

The Volvo Group and Daimler Truck AG to Lead the Development of Sustainable Transportation by Forming Joint Venture for Large-scale Production of Fuel Cells

GÖTEBORG, Sweden, April 21, 2020 /PRNewswire/ — Sharing the Green Deal vision of sustainable transport and a carbon neutral Europe by 2050, two leading companies in the commercial vehicle industry, Daimler Truck AG and the Volvo Group, have signed a preliminary non-binding agreement to establish a new joint venture. The intention is to develop, produce and commercialize fuel cell systems for heavy-duty vehicle applications and other use cases. Daimler will consolidate all its current fuel cell activities in the joint venture. The Volvo Group will acquire 50% in the joint venture for the sum of approximately EUR 0.6 billion on a cash and debt free basis. 

“Transport and logistics keep the world moving, and the need for transport will continue to grow. Truly CO2-neutral transport can be accomplished through electric drive trains with energy coming either from batteries or by converting hydrogen on board into electricity. For trucks to cope with heavy loads and long distances, fuel cells are one important answer and a technology where Daimler has built up significant expertise through its Mercedes-Benz fuel cell unit over the last two decades. This joint initiative with the Volvo Group is a milestone in bringing fuel cell powered trucks and buses onto our roads,” says Martin Daum, Chairman of the Board of Management Daimler Truck AG and Member of the Board of Management of Daimler AG.

“Electrification of road transport is a key element in delivering the so called Green Deal, a carbon neutral Europe and ultimately a carbon neutral world. Using hydrogen as a carrier of green electricity to power electric trucks in long-haul operations is one important part of the puzzle, and a complement to battery electric vehicles and renewable fuels. Combining the Volvo Group and Daimler’s experience in this area to accelerate the rate of development is good both for our customers and for society as a whole. By forming this joint venture, we are clearly showing that we believe in hydrogen fuel cells for commercial vehicles. But for this vision to become reality, other companies and institutions also need to support and contribute to this development, not least in order to establish the fuel infrastructure needed,” says Martin Lundstedt, Volvo Group President and CEO. 

The Volvo Group and Daimler Truck AG will be 50/50 partners in the joint venture, which will operate as an independent and autonomous entity, with Daimler Truck AG and the Volvo Group continuing to be competitors in all other areas of business. Joining forces will decrease development costs for both companies and accelerate the market introduction of fuel cell systems in products used for heavy-duty transport and demanding long-haul applications. In the context of the current economic downturn cooperation has become even more necessary in order to meet the Green Deal objectives within a feasible time-frame.

The common goal is for both companies to offer heavy-duty vehicles with fuel cells for demanding long-haul applications in series production in the second half of the decade. In addition, other automotive and

Apr
9

UW Online – Sustainable Transportation Master’s Degree

<br /> UW Online – Sustainable Transportation Master’s Degree <br />













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Online Master of

Sustainable
Transportation

Earn a degree that will advance your career and help you develop innovative solutions for society’s biggest transportation challenges.

Change the Future of Transportation

The University of Washington online Master of Sustainable Transportation is a unique, cutting-edge degree that prepares students to tackle the complex transportation challenges of the 21st century. This multifaceted program gives you the comprehensive knowledge required to accelerate your career and become a leader in this rapidly evolving field.

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Forge a More Sustainable World

Study an interdisciplinary curriculum that enables you to bring a sustainability perspective to all aspects of transportation systems policy and planning.

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Earn a Valuable Degree From a Top University

Learn from leading UW faculty and practitioners who work in the field, building career connections and strengthening your professional network.

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Use robust online learning tools to engage with instructors and fellow students in live and recorded classes, on a schedule designed for professionals.

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Joe Wright

 

“I think our goal as transportation engineers is to improve the quality of life for the people that live around us. If we’re not improving air quality, improving the social justice of the community, providing more efficient transportation, more affordable transportation, then we’re not doing our job.”

— Joseph Wright

Civil Engineer, LJB Inc.

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