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

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... Read More

BMW's iconic Mini goes all electric

German automotive major, BMW on Monday announced an investment of more than £600 million in the MINI factories at Oxford and Swindon, UK, to transform the production plants to an a... Read More

NGEL, Nayara Energy partner for green hydrogen production

NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of India's leading integrated power producer NTPC Limited on Monday (September 11) said it has entered in a Memorandum o... Read More

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

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... Read More

Solaris wins order for 130 hydrogen fuel cell buses in Italy

Polish bus maker Solaris has bagged record order for 130 hydrogen-powered buses from the municipal public transport operator TPER in the city of Bologna in Italy. The com... Read More

Gotion to set up $2 billion lithium battery manufacturing plant in the U.S.

China's Gotion High Tech Co ltd on Friday said the company will set up a new state-of-the-art $2 billion lithium battery manufacturing plant in Manteno, Illinois. Covering about 15... Read More

Weekend Roundup: Oil India's clean energy spends, PetroChina buys EV charging company, and more

The Summit Group of Bangladesh announced it would invest $3 billion in solar, wind and hydroelectricity generation projects across the subcontinent as part of its clean energy push... Read More

Stellantis opens its first EV battery technology center in Italy

Stellantis has recently inaugurated its first Battery Technology Center at the Mirafiori complex in Turin, Italy. The company has invested about €40 million to this ... Read More

Project ICEBreaker to develop clean hydrogen powertrains for heavy-trucks

In UK, leading automotive technology firms Viritech, HORIBA MIRA and Intelligent Energy have recently announced partnership to radically overhaul the architecture of... Read More

Switch Mobility unveils IeV3, IeV4 electric mini trucks in India

Ashok Leyland's EV subsidiary Switch Mobility has officially unveiled its brand-new electric mini truck range 'IeV' series in the Indian market. The 'IeV3' and 'IeV4' e-trucks... Read More

IESA, Messe Muenchen team up for EV Asia Expo 2024

The India Energy Storage Alliance (IESA) announced the alliance has tied up with a host of agencies, including Messe Muenchen India (MMI), Solar Promotion International (SPI), and ... Read More

AVAADA Group, Tata Steel SEZ to set up green ammonia plant in Odisha

AVAADA Group, an integrated energy company on Thursday said it has signed an agreement with Tata Steel Special Economic Zone Ltd (TSSEZL) for a green hydrogen and green ammonia man... Read More

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

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... Read More

World Bank, IMF pledge to work together on green transition

The World Bank and the International Monetary Fund have pledged to work together to support the global green transition, besides issues such as combating climate change, helping co... Read More

Indian Cabinet eyes LCoS of ₹5.50-6.60 per kWh with viability gap funding for BESS

India has approved a scheme for Viability Gap Funding (VGF) for development of Battery Energy Storage Systems (BESS) in an attempt to reduce the cost of energy storage for pow... Read More

Daily Shorts: Bridgepoint buys energy investment firm, Indonesia's PLN looks to shift from coal

Asset fund manager Bridgepoint announced an agreement to buy energy investor Energy Capital Partners for $1.05 billion, and said the deal would be accretive to profit from day of c... Read More

Intelligent Energy's launches Hydrogen fuel cell system cars, LCVs in UK

UK-based Intelligent Energy has unveiled its latest hydrogen fuel cell system - 'IE-DRIVE 100' - for passenger cars and light commercial vehicles (LCVs). The system&... Read More

Ather boosts R&D spending, raises ₹900 crore to expand products, charging network

Indian e-two-wheeler (e2W) maker Ather Energy announced it had raised ₹900 crore from existing shareholders Hero MotoCorp and Singapore's sovereign wealth fund GIC. The funds were ... Read More

Daily Shorts: UK eases onshore wind norms, Stellantis says its cars can switch to e-fuels

The UK government has eased approvals for onshore wind projects in England supported by the local population. The proposals also aim to incentivise locals by offering them cheaper ... Read More

Statkraft - Fluence's latest BESS project to improve transmission network stability in the UK

Statkraft, Europe's largest generator of renewable energy has selected Fluence Energy UK Ltd. (Fluence), a subsidiary of Fluence Energy Inc, to deliver its first battery-based... Read More

Daily Roundup: Opel plans EV at half the average price, Petrobras eyes biofuel refinery in Brazil

Stellantis-owned marque Opel plans to offer an EV for about €25,000 from around 2026, the company's CEO Florian Huettl said. That's less than half the current average price for an ... Read More

STMicroelectronics offers SiC tech to BorgWarner power module for Volvo Cars EVs

Global semiconductor firm STMicroelectronics will supply BorgWarner with the latest third generation 750V silicon carbide (SiC) power MOSFETs dice for their proprietary 'Viper... Read More

NTPC, Oil India explore collaboration in RE, green hydrogen, decarbonization initiatives

State-owned power producer, NTPC and state-owned oil company, Oil India Ltd on Thursday (August 31) said they will explore opportunities for collaboration in the areas of renewable... Read More

Weekend Roundup: EU may ask COP28 to phase out oil & coal, Italy gets 16 MTPA carbon storage capacity, and more

The EU could push for a global deal to phase out fossil fuels at COP28, a review of the bloc's draft negotiating position shows. Almost 200 countries are expected to attend the cli... Read More

India notifies National Framework for Promoting Energy Storage Systems

The Union power ministry has released the finalized National Framework for Promoting Energy Storage Systems, bringing cheer to the industry as well as forums such as the India Ener... Read More

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

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... Read More

Eos Energy secures $398.6M conditional loan from U.S. DOE’s Loan Program Office

Eos Energy Enterprises (Eos) on Thursday said it has secured a conditional commitment for a loan up to $398.6 million from the U.S. Department of Energy's (US DOE) Loan Program Off... Read More

Plastic Omnium investing $170 mn on H2 storage production plant in Michigan

French firm Plastic Omnium has revealed its plans to set up North America's 'largest' hydrogen storage production plant in Grand Blanc Township, Michigan, to supply a leading ... Read More

Second Coming: India's JSW Group in talks with Chinese company for an EV foray

JSW Group, India's $23 billion steel-to-paints conglomerate, has held early talks with China's Leapmotor to license the company's electric vehicle technology, Reuters reports, citi... Read More

Battery materials recycling firm Redwood Materials raises $1 billion

US-based battery materials recycling firm, Redwood Materials on Tuesday announced it has raised $1 billion in the latest equity funding round. Founded by former Tesla executive Jef... Read More