Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Komatsu America Corp., a wholly owned U.S. subsidiary of Komatsu, a developer and supplier of services and equipment for the construction, mining, forklift and forestry industries, announced plans to acquire battery manufacturer American Battery Solutions (ABS) on Nov. 20.
ABS will operate as its own stand-alone business within Komatsu and will continue its current and prospective customer commercial vehicle programs.
ABS develops and manufactures heavy duty and industrial battery packs using lithium-ion batteries for commercial vehicles, transit buses and on- and off-road vehicles. Komatsu plans to develop battery-operated vehicles using ABS technology, as well as other projects contributing to the electrification of its products.
The acquisition brings Komatsu closer to electrifying construction and mining equipment and to a 50% reduction of its products’ CO2 emissions by 2030 compared to 2010 levels.
The acquisition will close on Dec. 1 provided that all necessary procedures are completed, the company said.
2024-02-28 - TotalEnergies said the Danish North Sea project will take about four months to ramp up and is expected to produce 2.8 Bcm/year.
2024-02-28 - ConocoPhillips is expected to begin production at its Eldfisk Nord project before the first quarter ends.
2024-02-27 - Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time.
2024-02-27 - Aker BP expects production on the North Sea subsea tieback to begin production during the first quarter.
2024-02-27 - Aramco’s addition of 15 Tcf of gas and 2 Bbbl of condensate brings Jafurah’s proven reserves up to 229 Tcf of gas and 75 Bbbl of condensate.