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

Image for representation purposes only.

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

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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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Cummins Inc. invests $24 million in VoltStorage, to advance the Destination Zero strategy

Cummins Inc. has announced an investment of $24M into VoltStorage, a technology company producing energy storage systems based on environmentally friendly redox flow technology. Cu...

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ReNew to set up green H2 plant worth $8 billion in Egypt

ReNew Power has announced that it has signed a preliminary agreement with the Egyptian government to invest around $8 billion (over Rs 63,000 crore) to produce green hydrogen in th...

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British Int’l Investment to invest $250 million in M&M's new passenger e-car venture

British International Investment (BII), the UK's development finance institution and impact investor, has announced that it will invest $250 million in a new passenger electric veh...

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Northvolt secures $1.1 billion to support battery mfg. factory rollout in Europe

Battery manufacturer Northvolt has announced the signing of a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to su...

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ACME Green H2 to set up green ammonia & H2 plant worth Rs. 52,474 crore in Thoothukudi

Gurugram-based ACME Green Hydrogen and Chemicals Pvt. Ltd. has announced that it is setting up green ammonia and green hydrogen factory in the port town of Thoothukudi, Tamil Nadu,...

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Tata Power, TN govt. ink MoU to set up mega solar mfg. plant worth Rs. 3,000 crore

Tata Power has announced that it has signed a Memorandum of Understanding (MoU) with the Tamil Nadu Government to invest approx. Rs. 3,000 crores for setting up a greenfield 4GW So...

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Okinawa Autotech to set up mfg. plant worth Rs. 500 crores in Rajasthan

Electric two-wheeler manufacturer Okinawa Autotech has announced that it will invest Rs 500 crore to set up a new manufacturing plant at Karoli in Rajasthan. Spread across 30 acres...

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India will require investments worth $223 billion to meet its 2030 wind, solar goals: BNEF

India will require $223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF (BNEF). ...

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