Daily Shorts: Bridgepoint buys energy investment firm, Indonesia's PLN looks to shift from coal

Asset fund manager Bridgepoint announced an agreement to buy energy investor Energy Capital Partners for $1.05 billion, and said the deal would be accretive to profit from day of c... Read More

Ather boosts R&D spending, raises ₹900 crore to expand products, charging network

Indian e-two-wheeler (e2W) maker Ather Energy announced it had raised ₹900 crore from existing shareholders Hero MotoCorp and Singapore's sovereign wealth fund GIC. The funds were ... Read More

Daily Shorts: UK eases onshore wind norms, Stellantis says its cars can switch to e-fuels

The UK government has eased approvals for onshore wind projects in England supported by the local population. The proposals also aim to incentivise locals by offering them cheaper ... Read More

Statkraft - Fluence's latest BESS project to improve transmission network stability in the UK

Statkraft, Europe's largest generator of renewable energy has selected Fluence Energy UK Ltd. (Fluence), a subsidiary of Fluence Energy Inc, to deliver its first battery-based... Read More

Daily Roundup: Opel plans EV at half the average price, Petrobras eyes biofuel refinery in Brazil

Stellantis-owned marque Opel plans to offer an EV for about €25,000 from around 2026, the company's CEO Florian Huettl said. That's less than half the current average price for an ... Read More

Weekend Roundup: EU may ask COP28 to phase out oil & coal, Italy gets 16 MTPA carbon storage capacity, and more

The EU could push for a global deal to phase out fossil fuels at COP28, a review of the bloc's draft negotiating position shows. Almost 200 countries are expected to attend the cli... Read More

NTPC, Oil India explore collaboration in RE, green hydrogen, decarbonization initiatives

State-owned power producer, NTPC and state-owned oil company, Oil India Ltd on Thursday (August 31) said they will explore opportunities for collaboration in the areas of renewable... Read More

India notifies National Framework for Promoting Energy Storage Systems

The Union power ministry has released the finalized National Framework for Promoting Energy Storage Systems, bringing cheer to the industry as well as forums such as the India Ener... Read More

​IESA recognises women powering India's clean energy, EV and green hydrogen drive

With Women Equality Day just past, the India Energy Storage Alliance (IESA) called attention to the pivotal role that women play in driving India's clean energy transformation, wit... Read More

Eos Energy secures $398.6M conditional loan from U.S. DOE’s Loan Program Office

Eos Energy Enterprises (Eos) on Thursday said it has secured a conditional commitment for a loan up to $398.6 million from the U.S. Department of Energy's (US DOE) Loan Program Off... Read More

Daily Shorts: US offers $12 bn to retool car plants for EVs, Tesla reverses China price war

The US government is offering auto companies and component suppliers $12 billion in grants and loans so they can retrofit their plants to produce electric vehicles. US Energy Secre... Read More

Second Coming: India's JSW Group in talks with Chinese company for an EV foray

JSW Group, India's $23 billion steel-to-paints conglomerate, has held early talks with China's Leapmotor to license the company's electric vehicle technology, Reuters reports, citi... Read More

Daily Shorts: Tesla range under scanner, Canada clears four wind farms to drive green hydrogen plants

Tesla is under the scanner of US authorities over vehicle range claims, media reports indicate. The Wall Street Journal reported federal prosecutors are looking into the company's ... Read More

Battery materials recycling firm Redwood Materials raises $1 billion

US-based battery materials recycling firm, Redwood Materials on Tuesday announced it has raised $1 billion in the latest equity funding round. Founded by former Tesla executive Jef... Read More

India's energy demand to double to 75 exajoules by 2047, boarding hydrogen bus crucial: Dr Lele, Director, NCL

India might have missed several 'busses' such as the solar bus and the semiconductor bus, but the country is all set to board the crucial hydrogen bus along wit... Read More

Automotive battery provider Clarios to acquire Paragon’s battery unit

Automotive battery solutions provider, Clarios on Wednesday (August 30) announced it will purchase Paragon GmbH & Co. KGaA's power business that produces batteries and bat... Read More

'India on track for E20 rollout by 2025, will save ₹35,000 crore in import bills'

India is currently dispensing E20 fuel (petrol blended with 20 percent ethanol) at more than 3,300 stations across the country, and the same will be available pan-India by 2025, Un... Read More

ONGC to spend ₹2 lakh crore on clean energy projects

ONGC, India's largest oil company, will invest ₹2 lakh crore (just above $24 billion) on clean energy projects Chairman Arun Kumar Singh told the company's annual general meeting o... Read More

Daily Shorts: Japanese scale up hydrogen play, US auctions wind sites in Gulf of Mexico

Japanese companies are scaling up their hydrogen act. Mitsui & Co, Mitsui Chemicals, IHI Corp and Kansai Electric said they will jointly study a hydrogen and ammonia supply cha... Read More

Reliance Industries battery giga factory to be set up by 2026; to produce LFP battery solutions

Reliance Industries Ltd (RIL) on Monday (August 28) announced that it will enter battery manufacturing ecosystem with LFP (lithium iron phosphate) battery solutions and will&n... Read More

Daily Shorts: BYD profit triples, Indonesia's Aceh to get green hydrogen plant

Chinese EV powerhouse BYD said first-half profit tripled to $1.50 billion, as record deliveries helped the company retain the title of China's biggest-selling automotive brand. Dat... Read More

Middle East poised for clean revolution, RE capacity to hit 220 GW by 2030

The Middle East is primed for a 'clean revolution' with installed renewable energy capacity in the Middle East-North Africa (MENA) region set to grow from 40 GW in 2022 to 220 GW b... Read More

Auto-electrical components manufacturer, Lucas TVS eyes li-ion battery manufacturing

Joining the growing list of companies venturing into battery cell manufacturing in India, motor vehicle manufacturing company, Lucas TVS on Saturday (August 26) announced it will b... Read More

At 1.3 MTPA capacity, ACME plans India's single largest green ammonia plant at Gopalpur in Odisha

Tata Steel and ACME Group announced the signing of a memorandum of understanding to establish a green hydrogen and green ammonia project at Tata Steel's Gopalpur Industrial Park (G... Read More

Weekend Roundup: India may put EVs in priority lending list, BYD buys Jabil's China mobility operations

India could include EVs under its priority sector lending category to make it cheaper for companies to raise funds, Reuters reported, citing an unidentified government official. Th... Read More

MHI appoints Engineers India Limited to monitor progress of ACC-PLI scheme beneficiaries

The Ministry of Heavy Industries (MHI), Government of India on Thursday (August 24) announced that it has appointed Engineers India Limited (EIL) as Independent Engineer ... Read More

Daily Shorts: Germany eyes geothermal, Malaysia readies EV champion

Germany plans to expand geothermal capacity 10 times by 2030, the country's chancellor said. Germany has some of Europe's biggest geothermal reserves, but has been slow to tap them... Read More

Bengaluru-based Nsure to foray into lithium-ion cell manufacturing; 1GWh plant set to come up in Karnataka

Bengaluru-based Nsure Reliable Power Solutions (Nsure) on Wednesday announced it will soon be entering into lithium-ion cell manufacturing in India with an initial production ... Read More

Daily Shorts: BYD plans battery plant in South Korea, Japan considers $14 bn green push

Japan is evaluating $14 billion in additional investments to promote local production of energy storage batteries, semiconductors and equipment used to make hydrogen, according to ... Read More

GM invests in AI-enabled battery material innovator Mitra Chem

AI-enabled battery materials innovator, Mitra Future Technologies (Mitra Chem) has completed a $40 million first close of $60 million Series B funding round led by General Motors (... Read More