Daily Shorts: Snam plans H2 pipeline, esVolta gets $170 mn for California energy storage, and more

First Citizens Bank announced it served as the lead agent on a $170 million credit facility extended to esVolta, a company that develops, owns and operates utility-scale battery en...

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​Tesla will double components sourced from India to $2 billion, says trade minister Goyal

Image: Tesla

Tesla is planning to double the amount of components it will import from India to almost $2 billion, the country's Union commerce and industry minister Piyush Goyal annou...

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Daily Shorts: Canadian satellite to monitor CO2 from space, global treaty on plastic pollution, and more

Image: Pexels

Canadian emissions tracking company GHGSat launched Vanguard, a satellite that will help monitor CO2 emissions from individual industrial facilities such as coal plants and steel m...

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Daily Shorts: Quebec getting $3 bn GH2 project, Tesla heads to new markets, and more

Image: Shutterstock

TES Canada H2 Inc plans to set up a 70,000 metric tons per annum green hydrogen plant in Quebec, and the news could be announced as soon as this week. The $2.9 billion project will...

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Epsilon announces $650 million battery components and anode plant in USA

The move assumes significance considering China has moved to restrict graphite exports from December  Indian battery components maker Epsilon Advanced Materials (EAM) announce...

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Daily Shorts: NextEra EP sells Texas pipelines, US to spend $2 billion on greening buildings, and more

Image: Wikimedia

Pipeline operator Kinder Morgan has agreed to acquire NextEra Energy Partners' natural gas pipelines in South Texas in a $1.82 billion deal. The pipeline portfolio, STX Midstream, ...

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Daily Shorts: Singapore’s Sembcorp eyes 25 GW RE capacity by 2028, Orsted cancels projects due to ship shortage, and more

Image courtesy: Sembcorp

Danish wind developer Orsted has cancelled two offshore projects off the coast of New Jersey, but that had less to do with margin squeeze and more to do with supply side bottleneck...

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Daily Shorts: China's plan to cut methane, US to spend $440 mn on solar + battery in Puerto Rico, and more

Nikola has received non-binding orders for 277 trucks. Image: Nikola

China could unveil a plan to cut down methane emissions before the start of COP28 in Dubai, but might not set specific targets for reduction, media reports said. The plan is likely...

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Lithium demand slows as EV momentum falls, but miners stay bullish

Greenbushes in Western Australia, the world's largest lithium mine. Image courtesy: IGO

Albemarle, the world's largest lithium miner and among the largest suppliers of the mineral to EV battery makers, reported lower-than-expected quarterly profit and cut its annual f...

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Daily Shorts: Toyota boosts EV battery investment by $8 bn, Indonesia finalizes JETP plan, and more

A crashed Tesla. (Picture for Representational Purpose) Image: US NTHB

Toyota announced plans to invest $8 billion in the company's electric vehicle battery manufacturing plant in North Carolina, USA, taking total investment in the project to around $...

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Daily Shorts: Repsol puts H2 plant on hold, US announces $1.3 bn support to power lines

View from the top of the Nalubaale Power Station in Uganda, which the EU will help upgrade. Image: Fredrick Onyango

Spanish oil company Repsol has suspended plans to set up a 100 MW hydrogen project in northern Spain due to tax uncertainty, company executives said. Spain is considering extending...

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Daily Shorts: Pulse orders $100 million of Tesla ultra-fast chargers, GM suspends Cruise and more

Tesla has bagged a $100 million order for ultra-fast chargers from Pulse, marking the first time the Elon Musk-led company's chargers will be deployed on an independent EV charging...

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Daily Shorts: Swiss convert satellite antennas to solar plants, South Africa gets more funds to drop coal, and more

Image: Pexels

Switzerland is converting retired satellite antennas into solar power plants. The project is currently underway in the town of Leuk in the Valais canton of the landlocked country, ...

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Daily Shorts: Lexus EV with 1,000 km range, Japan and Denmark tie up on offshore wind, and more

Toyota today unveiled a Lexus concept car with almost twice the driving range of conventional EVs. The LF-ZC concept car, based on advanced battery technology that Toyota has been ...

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Eye on EV charging: In North America, Tesla is king

Well distributed and easy-to-access charging networks will be a vital factor for faster adoption of e-mobility. The networks need to provide fast, reliable and sustainable charging...

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Weekend Roundup: China limits graphite exports, Tevva seeks new merger partner, and more

China restricted the export of some graphite products from December, in what is seen as a counter to a US freeze on transfer of semiconductor technology to the Middle Kingdom. Chin...

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Daily Shorts: US bolsters power grid with $3.5 bn, Foxconn eyes Indian EV market, and more

The US Department of Energy announced up to $3.5 billion in funding to strengthen the country's electricity grid, releasing the first round of funds from the nation's $10.5 billion...

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Daily Shorts: Plus Power raises $1.8 bn for battery projects, Rivian CEO calms fears over fund raise, and more

Image Source: Birdwood Energy

Australian pension fund Aware Super, the country's third largest, said it would invest up to A$2 billion ($1.3 billion) in a joint venture with Birdwood Energy to finance smaller-s...

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No looking back: Energy transition in the USA

In many ways, this year was the tipping point for renewable energy. The world has woken up to the imperative of energy transition, and countries around the world have made progress...

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Daily Shorts: Albemarle scraps Liontown purchase, E.ON risks falling behind RE transition, and more

Image: Pexels

US lithium miner Albemarle withdrew its proposal to acquire Australia's Liontown Resources for A$6.6 billion, citing "growing complexities" over the deal. Following the announcemen...

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US announces regional hydrogen hubs to help kickstart $47 billion in national H2 investment

Image: US Department of Energy

The US Department of Energy (DOE) announced $7 billion in aid to launch seven Regional Clean Hydrogen Hubs (H2Hubs) across the mainland and accelerate commercial-scale deployment o...

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Daily Shorts: France will explore Mongolia for lithium, US EV sales at record high, and more

France struck a deal with Mongolia to explore the country for lithium deposits. The French geological service will spend €400,000 to explore a potentially lithium-rich basin in the...

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Daily Shorts: UK gets a £10 bn clean energy investor, Banga wants harmful subsidies slashed, and more

Image: Empire Wind

Japan's Marubeni Corp signed a memorandum of understanding (MoU) with the UK government to invest 10 billion pounds ($12.3 billion) in clean energy projects over the next decade. T...

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Daily Shorts: Tesla intensifies price war, 2023 to be hottest year on record, and more

The Model Y is 26 percent cheaper than at the start of this year. Image: Tesla

Tesla cut US prices for Model 3 and Model Y cars by about 2.7 to 4.2 percent, following last month's reduction in prices for the premium Model S and Model X vehicles. With the late...

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WESD 2023: All technologies welcome, say ES experts in the Americas

The panel in discussion

As the World Energy Storage Day entered its final regional focus, the Americas, the panel of experts debating energy storage felt largely that all technologies would find favour wi...

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Daily Shorts: Indian cities to get 10,000 e-buses, HSBC allocates $1 bn for climate tech and more

India and the US will collaborate to deploy 10,000 made-in-India electric buses across Indian cities as part of their co-operation agreements. Under the agreement, US government ag...

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Daily Shorts: Lyten raises $200 in Series B, Amazon buys credits for direct air capture

Image: Stellantis

Battery startup Lyten, Inc, announced it had raised $200 million in funding aimed at helping it scale up manufacturing and commercialize its first three product lines: Lithium-Sulf...

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Daily Shorts: UK part-funds Ionic's rare earth magnet recycling plant, US small-sale solar additions hit record high, and more

Rare earths metals company LCM will be involved in the Ionic-to-Ford EV recycling chain. Image Courtesy: Less Common Metals

Ionic Rare Earths received an investment of $2 million from the UK government to set up a rare earth magnet recycling facility in Belfast. In a release, the company said it would p...

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Daily Shorts: Repsol buys ConnectGen in RE pivot, IT honcho will ship solar power from Australia to Singapore, and more

Source: Sun Cable

Spanish energy company Repsol acquired US renewable energy developer ConnectGen for $768 million, as part of the oil company's plan to pivot from fossil fuels to renewables. The an...

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Daily Shorts: US offers $12 bn to retool car plants for EVs, Tesla reverses China price war

Equinor and BP want to increase the price of power from three planned offshore wind farms by 54 percent, and have cited "rampant inflation, global supply chain disruptions, soaring interest rates…” among the reasons for their application. Image: Empire Wind

The US government is offering auto companies and component suppliers $12 billion in grants and loans so they can retrofit their plants to produce electric vehicles. US Energy Secre...

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