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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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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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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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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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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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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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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Dutch pour more money into hydrogen subsidy

The Netherlands will increase subsidy for the production of green hydrogen, which is hydrogen made from renewable sources of energy by €1 billion euros from next year and an additi...

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Maersk orders six more green fuel ships, taking total to 25

Maersk, which ordered its first methanol-powered ship in 2021, now has 25 such vessels on order. Image courtesy: Maersk

Shipping company AP Moller-Maersk has ordered six mid-size dual-fuel container vessels from China's Yangzijiang Shipbuilding Group. The ships, which can operate on fuel oil and gre...

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Coal plays spoiler in EU clean power deal

Chart courtesy: International Energy Agency

Chart Europe's plans for a clean energy pact appeared to stall on Monday after a late proposal to allow governments to extend subsidies to coal-fired power plants. Energy ministers...

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Chinese EV makers could storm West amid domestic slowdown

The price war in electric vehicles, currently underway in the West, could see powerful new entrants soon: Chinese firms. Saddled with capacity and slowing domestic demand, Chinese ...

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Renewables will save Europe €100 billion in energy costs, says International Energy Agency

Europe is saving almost €100 billion thanks to its renewables capacity, and could have saved even more had the bloc pursued clean sources more aggressively, according to analysis f...

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In Europe, a turbine maker's appeal for direct cash transfer

Siemens Gamesa COO Tim Dawidowsky said that although wind power is a critical component of renewable energy, turbine makers “losing billions”. Image: Pexels

The chief operating officer of Siemens Gamesa has pitched for direct financial assistance to turbine manufactures to support their investments, pointing out that they are a critica...

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Europe bags €10 billion in giga factory investments

Europe has bagged around 10 billion euros in investment for two giga factories that will supply batteries to car manufacturers from 2026. The deals come after the bloc loosened rul...

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Inside Europe's hydrogen game plan: 10 MT production + 10 MT imports by 2030

Europe is firming up ambitious plans to build scale in the Hydrogen economy as part of the continent's attempts to decarbonise energy supply and move away from Russian oil and gas....

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Battery cell manufacturing: Trailing the Giga factory trend

Taking a look at the mushrooming of mega-sized battery cell manufacturing plants: why JVs between auto OEMs and cell makers can secure steady demand, but also why it makes sense fo...

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Europe gears for a competitive battery value chain

Europe's battery demand is skyrocketing year on year, with applications in the e-mobility and stationary storage domains taking a stark lead over consumer electronic goods' applica...

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AMTE Power inks production contract with UKBIC for ultra-high power cells

AMTE Power, the Scottish developer and manufacturer of lithium-ion and sodium-ion battery cells, has recently signed a contract with UK Battery Industrialization Center&n...

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Vianode invests NOK 2 billion in battery materials plant in Norway

Vianode, a company owned by Elkem, Hydro, and Altor, has announced that it has decided to invest in its first industrial-scale plant for sustainable battery materials at Herøya in ...

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Bollore’ Group appoints Richard Bouveret as its CEO for the batteries and e-buses segment

The Bolloré Group is reorganizing its global E-Mobility activities with the appointment of an expert in the automotive industry. With an extensive experience of more than 25 years ...

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NEUMAN & ESSER and Ballard invest in QUANTRON, sets up a Hydrogen Alliance for 360° H2 platform solutions

 As part of a financing round by Quantron AG of up to EUR 50 million, Ballard Power Systems Inc. from Canada and the German hydrogen system specialist NEUMAN & ESSER are i...

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Mercedes-Benz Vans partners with Rivian for e-vans manufacturing in Europe

Mercedes-Benz Vans has announced that it has signed a Memorandum of Understanding (MoU) with electric vehicle manufacturer Rivian to initiate a strategic partnership. The partnersh...

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Plug Power to supply 50MW of PEM electrolyzers to Lhyfe for renewable green H2 production

Lhyfe has announced that it has placed an order for ten 5 megawatts (MW) European manufactured PEM (proton exchange membrane) electrolyzer systems with Plug Power Inc. for the prod...

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Cummins fuel cell tech powers new zero-emissions rail fleet in Germany

Cummins Inc. has announced that it is powering the world's first fleet of hydrogen trains in Bremervörde, Lower Saxony, Germany. The Alstom Coradia iLint trains are outfitted with ...

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Volvo Group initiates process to establish plant for battery production in Sweden

To meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has announced that it has initiated the process to establish a large-scale product...

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Doral Energy and H2Pro sign strategic pact for 200 MW electrolyzers for green H2 projects

H2Pro and Doral Energy have announced the signing of a strategic purchase agreement. Doral, as a global renewable energy developer, with 15 GW of renewable assets under development...

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