Tesla settles one lawsuit, kickstarts another

Tesla resolved a dispute over director pay on Monday, according to court filings made in the US state of Delaware. The company's directors said they will return $735 million to clo... Read More

Daily Shorts: US offers India cheap capital for clean energy, European solar output jumps on heatwave, and more

India and the US agreed to work together on climate goals and energy transition. US Treasury Secretary Janet Yellen met India's Finance Minister Nirmala Sitharaman and announced pl... Read More

Completion of critical mineral projects will ensure enough supply to meet global climate pledges: IEA

The global market for critical minerals such as lithium, cobalt, nickel and copper has doubled in the last five years, but the world will have enough supply to meet national climat... Read More

Weekend roundup: Tesla unveils Cybertruck, US launches $20 bn in cleantech grants, and more

Tesla built its first Cybertruck, an EV pickup model it showcased four years ago (where an engineer cracked its so-called 'armor' glass). The vehicle gives Tesla entry into one of ... Read More

ExxonMobil buys carbon capture company Denbury Inc for $4.9 bn

Oil giant ExxonMobil has agreed to buy carbon capture company Denbury Inc for $4.9 billion in a bid to accelerate its energy transition business, the company said in a release. "Ac... Read More

Nissan to put $725 million into Ampere EV as part of plans to rebalance alliance with Renault

Nissan Motor will invest around $725 million in Ampere, the new electric vehicle unit of French automaker Renault, as part of the group's plans to overhaul their alliance, Japanese... Read More

DTE Energy to spend $11 bn in clean pivot, eyes 15,000 MW RE and 1,800 MW storage by 2042

DTE Energy, based in Detroit, Michigan, said it would retire its coal plants in less than a decade and invest up to $11 billion over the next 10 years transitioning to clean e... Read More

Another US EV company in trouble: Faraday Future to restate accounts

Faraday Future Intelligent Electric, a US electric vehicle developer, appointed a new financial chief and said it would restate financial statements for 2022 and the quarter ended ... Read More

Rio Tinto, Sumitomo building A$111 million hydrogen demonstrator for alumina refining

Mining behemoth Rio Tinto and Japan's Sumitomo Corporation have announced a A$111 million demonstration project to lower carbon emissions from alumina refining. The companies will ... Read More

World Bank names 15 global CEO to funnel investment into renewables

The World Bank named 15 global chief executive officers — including Tata Sons' N Chandrasekaran — to a special group dubbed the "Private Sector Investment Lab" to funnel more priva... Read More

Renault Chairman warns of 'Chinese storm' in EVs

Europe's electric vehicle sector faces a "Chinese storm", Jean-Dominique Senard, Chairman of French automaker Renault, said in an interview, referring to the Middle Kingdom's domin... Read More

'This is the time for women outreach in the renewable energy sector'

Gauri Singh, Deputy Director General of IRENA, the International Renewable Energy Agency, is a career bureaucrat with over 30 years experience in policy formulation, implementation... Read More

SMEV India suspends constitution, seeks revamp under new head

The Society of Manufacturers of Electric Vehicles (SMEV), a lobby of Indian electric-vehicle makers, announced it has suspended its constitution and gone into voluntary hibernation... Read More

Aker signs power deal for green ammonia plant in Norway

Green energy developer Aker Horizons has signed a 10-year power purchase agreement with Statkraft, Europe's largest generator of renewable energy, for its large-scale green ammonia... Read More

Canada's sweeteners out: C$15 bn for Stellantis-LG Energy battery plant

A day after Stellantis-LG Energy Solution announced they would resume construction of their battery plant in Canada, the increased incentives awarded for the project became known. ... Read More

Stellantis, LG Energy resume Canada battery plant after receiving sweeteners

A Stellantis-LG Energy Solution combine that is setting up a battery plant in Canada announced it would resume construction after the country increased subsidies for the project. T... Read More

E2W sales slump worse than expected, coming quarter decisive

Electric 2-wheeler (E2W) sales for June came as an unexpected shock, even though everyone was watching with trepidation to see how the price sensitive E2W consumer would react to t... Read More

Lamborghini buyers can only book hybrids from now on

Lamborghini buyers can no longer buyer the conventional, internal combustion models, because those are completely sold out, the company's CEO told the German newspaper Die Welt. "O... Read More

​Genus Power sews up $2 billion smart metering JV with GIC, Singapore

Indian smart metering company Genus PowerInfrastructures has signed an agreement with GIC, Singapore, to set up a $2 billion platform (₹17 crore) to fund smart metering projects, t... Read More

BYD to spend $620 mn for three-plant complex in Brazil

China's BYD will spend $620 million to set up a new, three-complex in the Camacari industrial park in northeastern Brazil, the company announced. BYD's announcement comes on the ba... Read More

Amazon inducts custom-built EVs into European fleet

Retail giant Amazon has started adding its custom-built electric vehicles to its European delivery fleet, the company announced on Tuesday. In a statement, Amazon said it would add... Read More

Indian PSU scouts lithium blocks in Latin America, in advanced talks with Argentina: report

The Government of India is in advanced talks with Argentina to acquire "multiple lithium blocks" in the country, as part of its strategy to secure critical minerals, according to a... Read More

Foxconn pumps $200mn into Vietnam for EV chargers, components

Foxconn, the company that assembles Apple's iPhone, is investing $200 million in Vietnam to develop components used in electric vehicles (EVs), confirming news of its plans to vent... Read More

Italy increases RE targets, says 65 percent of power from clean sources by 2030

Italy has increased renewable energy targets for the decade, adding to the targets the country made public three years ago, although the statement issued did not explain how the hi... Read More

Sinopec's first green hydrogen facility comes onstream with capacity of 20,000 TPA

The China Petroleum & Chemical Corporation, also known as Sinopec, has started production at its first green hydrogen plant, the Chinese news agency Xinhua said. The plant, loc... Read More

World Bank approves ₹12,300 crore for India's low-carbon energy sector

The World Bank announced it had approved just above ₹12,300 crore to accelerate the development of low-carbon energy technology in India. In a statement, the bank said its funding ... Read More

Tesla chalks up more wins: Volvo signs up, VW starts talks

Volkswagen has confirmed the group is in talks with Tesla to adopt the latter's charging port, making it the first German carmaker to discuss the possibility. "Volkswagen Group and... Read More

IRENA urges world to look beyond sun and wind to biofuels, hydropower and geothermal energy

The world's energy transition is currently "off-track", the International Renewable Energy Agency (IRENA) warned in its 2023 outlook, even as it sought to funnel renewable energy i... Read More

US electric truck maker Lordstown files for bankruptcy, sues Foxconn for dues

US electric truck maker Lordstown Motors said it has filed for bankruptcy protection after failing to receive a promised investment from Taiwan's Foxconn, maker of the iPhone. The ... Read More

Petronas, TotalEnergies sign deals on carbon storage in Malaysia, solar power in Australia

French energy giant TotalEnergies and Malaysian petroleum powerhouse Petronas have signed two independent deals at the Energy Asia event in Kuala Lumpur, strengthening ties between... Read More
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