Austria set to invest €400 mn for domestic green hydrogen projects

Image for representation purposes only. Source: Austria

Austria is working on a new subsidy package that aims to pump in €400 million for renewable hydrogen production in the country, via the EU sponsored European Hy...

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Indian CAM manufacturer Altmin announces an investment outlay $100 mn

The first batch at LFP from Altmin's pilot plant. Image for representation purposes only. Source: Altmin

Hyderabad based Altmin Private Limited, an early pioneer manufacturing of cathode active material (CAM) for lithium-ion batteries in India, has announced an overall inves...

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VinFast to invest $2 billion for EV manufacturing in Tamil Nadu

Image for representation purposes only. Source: VinFast US

Vietnamese EV maker VinFast has chosen the Indian state of Tamil Nadu to set up a 'first-class electric vehicle production hub' in the South Asian region. The construction of ...

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KABIL to invest ₹211 crore for exploration of lithium blocks in Argentina

Image for representation purposes only. Source: Kseniya Ragozina via Mining.com

India's KABIL (Khanij Bidesh India Ltd) has announced an investment of ₹211 crore ($25.712 million) over a period of five years for exploration stage activities...

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ADS-TEC Energy announces private investment from Svelland Capital

Image for representation purposes only. Source: ADS-TEC Energy

Battery-buffered, ultra-fast EV charging technology firm ADS-TEC Energy has announced the signing of a definitive agreement for a private investment by Svelland Capital, a dis...

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EKA Mobility, Mitsui, VDL Groep pledge $100 mn for EV manufacturing in India

Image for representation purposes only. Source: EKA Mobility

Indian EV maker EKA Mobility has announced strategic partnership with Mitsui & Co. of Japan and VDL Groep  of Netherlands. The long-term alliance ...

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Japan gets its first dedicated investment fund for grid-scale energy storage

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The emerging energy storage market in Japan is flexing its arms even further, with the recent launch of its first-ever dedicated fund for grid storage batteries. The inve...

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Iberdrola, Masdar to invest €15 bn in offshore wind, green H2 projects

Source: Masdar

At COP28 in Dubai, energy firms Iberdrola and Masdar announced a €15 billion strategic partnership agreement to evaluate the joint development of offshore wind and green hydro...

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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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Acer expands into energy storage biz; picks up 11% stake in C-Life Technologies

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Multinational hardware and electronics company, Acer Inc on Thursday (August 3) announced that its Board of Directors have given approval for the investment in C-Lif...

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onsemi, Magna Invest in Silicon Carbide Manufacturing to tap global EV markets

Image for representation purposes only. Source: Magna

Image Power and sensing tech firm onsemi and autocomp firm Magna have announced a long-term supply agreement for Magna to integrate onsemi's EliteSiC intelligen...

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BorgWarner invests on production capabilities of e-mobility techs in Mexico

Automotive technology firm BorgWarner has recently announced an investment package for San Luis Potosi in Mexico that includes a new manufacturing plant focusing on power...

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Cummins strengthens fuel cell, electrolyzer portfolio with buyout of Hydrogenics

Image for representation purposes only. Source: Cummins

Cummins Inc. has recently announced the complete  buyout of Air Liquide's 19 percent interest in Hydrogenics Corporation, resulting in the company assuming full...

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Epsilon Advanced Materials to invest $650M for a new battery material facility in the United States

Leading battery material company, Epsilon Advanced Materials (EAM) has announced that is planning to invest $650 million for establishing a 50,000 TPA synthetic graphite anode manu...

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NIO secures about $1.1 billion investment from Abu Dhabi state-owned fund

Image for representation purposes only. Source: NIO

Chinese EV maker NIO has recently signed a share subscription agreement with CYVN Holdings, an Abu Dhabi government majority-owned investment firm, which will invest ...

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Shell to invest in hydrogen, CCS and EV charging to develop options for future

In its Capital Markets Day 2023 presentation that took place in New York, Shell has revealed its business strategy on downstream, renewables and energy solutions, with an...

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IRA boosts US's battery gigafactory capacity pipeline overtaking Europe

Image for representation purposes only. Source: Proterra

The battery cell manufacturing capacity pipeline in the US at present is said to be larger than that of the entire Europe, according to two independent reports broug...

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IndiGrid raises ₹ 1,140 Crores via long-term NCDs from IFC

IndiGrid, India's first listed power sector Infrastructure Investment Trust (InvIT), has announced that International Finance Corporation (IFC) has subscribed to a listed NCD (non-...

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India-Australia Critical Minerals Partnership eyes 5 Lithium, Cobalt projects

India and Australia have reached a major milestone in working towards investment in critical minerals projects to develop supply chains between the two countries. The countries hav...

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Stellantis to invest $155 million for North American Electrification goals

Stellantis has announced that it will invest a total of $155 million in three facilities located in Kokomo, Indiana, US to produce new electric drive modules (EDM) that w...

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Log9 Materials to invest ₹ 2,350 crores for EV battery manufacturing

Indian battery startup Log9 Materials is reportedly ramping up investments to the tune of ₹ 2,350 crores over the coming years to strengthen its local EV battery man...

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EBA calls for action to prevent battery investment outflows from Europe to US

In a recently held high-level meeting by European Battery Alliance (EBA) with European Commission Vice-President Šefčovič, the stakeholders discussed on the impact of the...

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ADB assists VinFast with $135 million to support e-mobility in Vietnam

The Asian Development Bank (ADB) has mobilized a $135 million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam's...

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Fujifilm capitalizes $20 million in 24M Technologies, developer of semisolid batteries

Japan's Fujifilm Holdings has announced that it will invest an additional $20 million into 24M Technologies, a U.S. developer of next-generation "semisolid" lithium-ion batteries. ...

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Energy Vault, Wellhead Electric, and W Power ink pact for 275 MWh ES project in California

Energy Vault Holdings Inc. has announced the signing of the Stanton Energy Storage System (SESS) EPC contract with Wellhead Electric Company, Inc. and W Power, LLC. The project wil...

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EV investors launch EMFAI, an association aimed at accelerating EV adoption in India

A group of financiers of electrical autos has announced that they have launched the Electric Mobility Financiers Association of India (EMFAI). It will act as a typical platform for...

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LGES and Honda establishes JV for EV LiB production worth $4.4 billion in the US

LG Energy Solution and Honda Motor have announced an agreement to establish a joint venture (JV) company to produce lithium-ion batteries in the U.S. to power Honda and Acura EV mo...

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Marsh launches world’s first insurance facility for green and blue H2 project risks

Insurance broker and risk advisor Marsh have announced the launch of a first-of-its-kind insurance and reinsurance facility that provides dedicated insurance capacity for new and e...

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ETN Roundtable: India will easily surpass 30 percent electrification before 2030

Dr. Rahul Walawalkar, President and MD of Customized Energy Solutions India Pvt. Ltd., opined that access to finance and scale of investments are critical for the Indian EV industr...

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ETN Roundtable: Addressing the financial gap in India’s EV transition

India has made a strong commitment to e-mobility. The country's EV transition is gaining traction due to demand creation, State EV policies, and domestic manufacturing. Concurrentl...

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