Like the BRS racing team, automotive OEMs (original equipment manufacturers) need to make more effective use of energy in vehicles. This is particularly true when vehicles need high power and energy density to carry heavy loads over a long range.
It’s unlikely that pure electrification can fully support these vehicles due to current limitations in battery capacity, cycling and availability.
Instead, it is likely that combustion engines will continue to be used, and will draw on alternative fuels such as hydrogen, methanol or ammonia. The key to these e-fuels is that they should be produced from decarbonized and renewable electricity, rather than from electricity produced by burning coal.
These e-fuels will deliver the required performance and meet Net Zero targets. However, they will require a radical redesign of combustion engines as components will need to provide high strength. This is where IQ Steel will play an important role, while we foresee significant potential for our Hybrid Steel in offering a unique combination of high strength and corrosion resistance.