In a first, IFC to lend US$180 million to develop greenfield lithium operations

The International Finance Corporation (IFC) has announced that it will give a loan of up to $180 million to Alkem Ltd., a leading producer of lithium, for the development of Sal de... Read More

US proposes increasing mileage norms for ICE vehicles

The US has proposed increasing fuel economy norms for automakers as part of the government's efforts to reduce fuel use and cut greenhouse gas emissions. The proposal, announced by... Read More

The largest solar battery energy storage project in Latin America begins operations

In a historic milestone, AES Andes began commercial operations of Andes Solar llb, a 180MW solar/112MW battery storage system – the largest in Latin America -- earlier th... Read More

Next-gen energy storage: Asahi Kasei licenses manufacturing technology for lithium-ion capacitors

Understanding well that the demand for energy storage devices will continue to grow owing to the adoption of electric mobility and increased integration of renewables into the grid... Read More

Daily Shorts: Ford pivots to hybrids, First Solar announces $1.1 bn factory in US and more

Ford is pivoting to hybrids. CEO Jim Farley outlined a strategy under which the company will slow down its shift to electric vehicles and focus more on selling hybrids which run on... Read More

WEX Venture Capital seeks to invest up to $100M in startups focused on fleet electrification

The Board of Directors of Portland-based WEX on Thursday announced the establishment of its new investment arm, WEX Venture Capital to invest up to $100 million by the end of 2025 ... Read More

EV batteries that charge as quickly as cellphones?

Toyota has announced the next big thing in EV batteries. Or has it? This month, the Japanese automaker said it had found a cost-effective method to produce solid-state EV batteries... Read More

China bulks up on energy storage, BESS capacity up 37% in first five months of 2023

China has reworked power transmission arrangements and ramped up energy storage capacity as it seeks to protect its national grid from a repeat of the outages that hit the nation l... Read More

IBIS research project unveils breakthrough battery for auto and stationary storage applications

Intelligent Battery Integrated System (IBIS) a joint corporate and academic research project by CNRS (French National Center for Scientific Research), Stellantis and Saft unveiled ... Read More

ProLogium, MAHLE partner for solid-state battery solutions

Taiwanese solid-state battery manufacturer, ProLogium Technology Co. (ProLogium) on Tuesday signed a memorandum of understanding with MAHLE GmbH (MAHLE) for the development of the ... Read More

Daily Shorts: Thyssenkrupp moves to decarbonize its steel, Iberdrola sells wind farm stake to Masdar

German industrial major Thyssenkrupp will invest around €3 billion to set up a green steel plant in Duisburg, the German government announced. Over €2 billion of that includes gove... Read More

Insights into green hydrogen developments in India

Dr. Ranjith Pai, Clean Hydrogen Mission Program Officer & Scientist, Dept. of Science & Technology, Ministry of Science and Technology, Govt. of India, shares insights... Read More

Nexeon’s silicon anode materials to power Panasonic’s EV batteries in the US

UK-based leading manufacturer of advanced silicon anode materials for lithium-ion batteries, Nexeon on Tuesday announced that it has entered a long-term supply agreement ... Read More

Malaysia's reNIKOLA eyes $440 million spend to expand RE footprint across Southeast Asia

Malaysia's reNIKOLA Holdings is seeking to raise up to $440 million over the next three years to expand its renewable energy footprint across Southeast Asia, the company's managing... Read More

Corre Energy expands into US Market with 280MW energy storage project in Texas

Corre Energy's North American subsidiary on Tuesday announced it has entered in an exclusive agreement to acquire a 280MW/4.2GWh compressed air energy storage project from Texas-ba... Read More

Daily Shorts: US may tighten emissions for new gas plants, Nissan will pour $660 mn into Ampere EV

The US Environmental Protection Agency is considering new rules to cut nitrogen oxide emissions from new gas power plants, court documents showed. Under a planned settlement, the a... Read More

Canada becomes first G20 nation to detail wind-up of fossil fuel subsidies

Canada has released an assessment framework for eliminating fossil fuel subsidies, becoming the first member of the G20 to deliver on the grouping's 2009 announcement to undertake ... Read More

Electrovaya launches Infinity-HV battery for heavy-duty applications

Ontario-based lithium-ion battery manufacturer Electrovaya Inc. (Electrovaya) has launched Infinity-HV battery systems for heavy duty applications. Building on its existi... Read More

ACC-PLI: MHI holds stakeholder consultation for balance 20GWh capacity

The Ministry of Heavy Industries, Government of India on Monday concluded a stakeholder consultation regarding re-bidding of balance 20GWh (of 50GWh) Advanced Chemistry Cell (ACC) ... Read More

Carlton Power secures permission to plan 2080MWh BESS project

UK-based independent energy development company, Carlton Power on Monday announced it has secured planning permission for a 1GW (1040MW / 2080MWh) battery energy storage scheme (BE... Read More

Daily Shorts: Indonesia rolls out red carpet for EV makers, Brazil's Eletrobras to buy 15 RE companies

Indonesia is in talks with Tesla and BYD and preparing a fresh set of incentives to attract the EV manufacturers, a government minister said. The incentives will be benchmarked aga... Read More

Octopus Energy outlines $20 bn spend for 12 GW offshore wind capacity by 2030

Octopus Energy Generation, the power generation arm of UK-based Octopus Energy Group, said it plans to invest $20 billion in offshore wind assets by 2030. The company, which manage... Read More

Ambri's liquid metal battery steps closer to commercial deployment

US-based long duration energy storage provider, Ambri signed its first agreement with utility-provider Xcel Energy – taking a step closer to the commercial deployment of ... Read More

Energy Dome secures €55 million in Series B financing round

Energy Dome, the manufacturer of novel CO2 Battery for long-duration energy storage system concluded its second tranche of Series B funding last week, bringing the total investment... Read More

Stellantis, Samsung SDI seal the deal for a second gigafactory in the U.S.

Stellantis N.V. and Samsung SDI today announced that they have signed a memorandum of understanding to construct second battery manufacturing facility in the United ... Read More

BYD's billion $ India plant: on or not?

What's the status of BYD's reported $1 billion plant in India? The latest news report says it's been scotched due to security concerns, but that might not be the end of it. Last we... Read More

SFC Energy begins hydrogen, methanol fuel cell manufacturing in India

German fuel cell manufacturer SFC Energy has launched the manufacturing of hydrogen and methanol fuel cells for mobile and stationary applications at its new facilit... Read More

Vision of inter-connected green grids crucial to meet climate goals: PM Modi at G20

In his special address at the G20 Energy Ministers Meet in Goa yesterday, Prime Minister Narendra Modi spoke on the need for concerted efforts by nations i... Read More

Green Finance: ACME Group gets Rs. 4000 Cr. for its green hydrogen project in Oman

Diversified renewable energy company, ACME Group announced it has secured a loan of Rs 4,000 crore ($40 billion) from Rural Electrification Corporation (REC) Limited, one of I... Read More

CEM-14/MI-8 meetings affirm India's quintessential leadership in global energy transition

The Ministerial meeting of the 14th Clean Energy Ministerial and 8th Mission Innovation gathering held in Goa yesterday saw the active participation of representatives fr... Read More