Northvolt raises $1.2 bn for market expansion; rolls out first BESS at Dwa

Northvolt has announced that it has raised $1.2 billion in convertible notes to finance plans for its further European and North American expansion. The latest developmen...

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Daily Shorts: Denmark to earmark $4B for CCS, Cargill tests wind powered ships

Denmark will earmark around $4 billion in aid to carbon capture storage (CCS) projects, the country's climate ministry announced. The grants will be disbursed over 15 years, but el...

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ITM Power introduces 'POSEIDON' 20MW electrolyzer module

Graphical rendition of ITM Power's Poseidon Electrolyzer module. Source: ITM Power

Embarking on a new wave of electrolyzer scale-up, ITM Power has unveiled its latest 20 MW core electrolysis process module called 'Poseidon' with an optimized footpr...

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Daily Shorts: Germany boosts green fund, Morocco eyes 400 MW solar project

Image: Pexels

Morocco has launched a prequalification tender for a 400 MW solar project in the Atlas Mountains. The country's renewable energy agency Masen is seeking bidders to finance, build a...

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Daily Shorts: Proterra files Chapter 11, Baosteel to study 10 million metric ton carbon capture project

Proterra'a ZX5 busses have a range of 340 miles on a single charge. Image: Proterra

Electric-vehicle parts company Proterra, which makes e-buses and battery packs, has filed for Chapter 11 bankruptcy protection. CEO Gareth Joyce said in a statement that the compan...

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VoltStorage bags €30 mn EU-secured loan for battery storage technologies

Image for representation purposes only. Source: VoltStorage

German flow-battery firm VoltStorage has received significant support from the European Investment Bank (EIB) with a venture debt loan of €30 million. The loan is secured...

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Weekend Roundup: Capital Energy puts 4.3 GW RE assets on the block, Sigma Lithium scouts for buyers, and more

Image: Pexels

Spanish renewable energy investor Capital Energy has put 4.3 gigawatts (GW) of wind and solar power plants for sale. The assets, all based in Spain, are estimated to fetch up to $1...

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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...

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SEAT investing €300 mn on EV battery cell assembly in Catalonia

Image for representation purposes only. Source: SEAT

The Volkswagen Group brand SEAT recently announced its decision to invest € 300 million towards a battery assembly plant in Martorell, Barcelona in Catalonia st...

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

Octopus says the power generated will power 10 million homes. Image: Octopus Energy

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...

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ZeroAvia completes flight tests of hydrogen-electric engine retrofitted aircraft


Zero-emission aviation firm ZeroAvia recently announced the completion of its initial prototype ZA600 flight testing campaign at Cotswold Airport in the United Kingdom. A...

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Comau developing innovative battery cell formation solutions for GIGABAT project

Image for representation purposes only. Source: Comau

Italian automation firm Comau is joining the GIGABAT, a collaborative e-mobility project aimed at strengthening the EU production chain for large-scale cell manufacturing...

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Daily Shorts: Vattenfall abandons UK offshore wind project, Air Canada eyes greener fuels and more

Air Canada has signed deals to test and manufacture SAF, a sustainable jet fuel. Image: Air Canada

Sweden's Vattenfall said it would cease development of a 1.4 gigawatt GW wind farm off the coast of Britain, taking a hit of $537 million on earnings. The Norfolk Boreas offshore w...

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Daily Shorts: China's Farizon raises $600 million, Musk says Tesla could deploy robots next year and more

Farizon, an electric and hybrid truck manufacturer owned by China's Geely, announced it had raised $600 million from investors led by Boyu Capital and Yuexiu Industrial Fund. The c...

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Tesla seeks permission to double its gigafactory near Berlin

Tesla has approached authorities in Germany to double its gigafactory near Berlin as the company seeks to build the largest car factory in Europe. The company is eying 1 million ca...

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VW Group, Elli launch electricity trading on the European energy exchange

ngo Müller, Senior Vice President Energy Elli, Kora Töpfer, Head of German Public & Regulatory Affairs EPEX SPOT, Luisa von Lonski, Head of Energy Trading Elli. Source: The Volkswagen Group

The Volkswagen Group and its Elli brand has became the first automotive company to start trading on the German electricity market of Europe's largest power exchange, EPEX Spot...

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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...

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Infineon, Semikron Danfoss strike supply agreement for EV semiconductor chips

Infineon Technologies AG and Semikron Danfoss have recently signed a multi-year volume agreement for the supply of silicon-based electromobility chips. Infineon will be s...

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VW Group increases its EV deliveries by 48 pc YoY in first half this year

Image for representation purposes only. Source: Volkswagen Group

The Volkswagen Group has revealed that it has increased its deliveries of all-electric vehicles (BEVs) by 48 percent year-on-year to 321,600 vehicles in the first half of 2023. Of ...

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Bosch targets €5 bn worth sales with techs for hydrogen mobility by 2030

Bosch's fuel cell power modules in Ivec

German automotive technology firm Bosch is marking its entry into the age of hydrogen mobility with the commencement of volume production of its fuel-cell power modules. Nikol...

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

Renault's EV models such as the Megane E-Tech electric could fall under the Ampere subsidiary. Image: 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...

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European Council gives nod to law regulating batteries and waste batteries

The European Council earlier this week adopted a new regulation aimed at promoting circular economy and strengthening sustainability rules for batteries and waste batteri...

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MAHLE bags order for hydrogen engine components from DEUTZ

MAHLE's hydrogen engine components on the test bench. Source: MAHLE

Auto components firm MAHLE has recently received a series order from engine manufacturer DEUTZ for the development and supply of components for hydrogen engines. The powe...

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Renault Chairman warns of 'Chinese storm' in EVs

Reducing Europe’s dependence on China for raw materials will require billions of euros in investment to build new supply chains, Senard says. Source: PR Newswire

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...

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Aker signs power deal for green ammonia plant in Norway

Aker's plant at Narvik, is one of Europe’s first large-scale green ammonia projects, having an expected production of between 1,000 and 1,500 tonnes per day. Image Courtesy: Aker Horizons

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...

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BASF establishes CAM production facility, battery recycling center in Germany

BASF, a global supplier of advanced cathode active materials (CAM), has recently opened what it calls as Europe's first co-located center of battery material production and battery...

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Lamborghini buyers can only book hybrids from now on

Lamborghini unveiled its first hybrid model, the Revuelto, in March this year. Image: Lamborghini

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...

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Stellantis, Kuniko strike deal on long-term supply of nickel sulphate, cobalt sulphate

Source: Stellantis

Automotive group Stellantis N.V. and European battery minerals firm Kuniko Ltd have recently announced the signing of a binding offtake term sheet agreement securing...

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Amazon inducts custom-built EVs into European fleet

Amazon's electric van, custom built for Europe, is smaller and slimmer than its US version so drivers can steer better on Europe's narrower, winding streets. Image: BusinessWire

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...

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

Italy's energy ministry said the country would generate 65 percent of its electricity from renewable energy sources by 2030, up from the earlier target of 55 percent. Image: Pexels

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...

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