Our Week in Review

Week Ending 28th July 2024 Week Ending 4th August 2024 Week Ending 11th August 2024

ACT Expo 2024: Revolv and “Electric-Fleet-as-a-service” in the U.S.

By Bradley Osborne – 1st August 2024

There were many companies at the latest ACT Expo presenting variations on the theme of what one might call “Electric-Fleet-as-a-service” – that is to say, a contractual relationship where the operator has the upfront costs and hassles of switching to an electric fleet taken out of its hands by a “turnkey” service provider. One such company I spoke with was Revolv, whose CEO, Scott Davidson, feels that terms such as “X-as-a-service” and “turnkey” have been diluted through overuse. “Our product is performance,” he said.

Canadian battery recycling company receives CAD 5 million in government funding

By Luke Willetts – 29th July 2024

Electra Battery Materials will use the funds to demonstrate the scalability of its hydrometallurgical black mass process, which produces recycled nickel, cobalt and lithium which can then be reused in the production of new products. This will help make the Canadian EV supply chain more sustainable, relying on fewer precious metals used in EV batteries.