Industrial | Page 11

Apple announced on July 12 the creation of a new investment fund in China to increase the use of renewable energy within its supply chain. The company will join 10 initial suppliers to invest nearly $300 million over the next four years into the China Clean Energy Fund, which will invest in and develop clean energy projects totaling more than 1 gigawatt of renewable energy in China.

General Motors announced a 20% increase in production of the Chevrolet Bolt EV electric car due to higher-than-expected demand from customers. GM reported a 40% jump in global sales for the EV model in the first half of 2018 year-over-year, driven by sales in the U.S., Canada, and South Korea.

GE announced on June 26 that, following a strategic review, the company will focus on aviation, power, and renewable energy.

Ford Motor Company announced that it has that it has achieved the company’s manufacturing emissions reduction goal eight years ahead of schedule. The goal of reducing CO2 emissions by 30% per vehicle by 2025 was set in 2010.

Hyundai announced a deal to use electric vehicle battery packs for energy storage applications.

Siemens, the German industrial firm, is piloting a project that uses ammonia as a new form of energy storage. The company hopes to prove that ammonia can be as useful as more established storage technologies, such as lithium-ion batteries, when it comes to managing the variable output of wind and solar power.

Large corporations, including Campbell Soup Company, General Motors, JP Morgan Chase & Co., and Owens Corning were among those cited as leading investors in energy innovation in Ohio.

With the release of the 2017 Colgate Corporate Social Responsibility and Sustainability Report, the company announced it had surpassed its 2020 goal of reducing absolute greenhouse gas (GHG) emissions from manufacturing of 25% vs. a 2002 baseline.

As part of General Motor's 2017 sustainability report, released on June 12, the company included highlights of their operational commitments in a variety of areas, including goals of increasing renewable energy generation, and reducing energy intensity

General Motor’s 2017 Sustainability Report, released on June 12, highlights the company’s progress toward its visions of "a future with zero crashes, zero emissions, and zero congestion."