Chinese battery companies weigh $1.2 billion Vietnam foray

Chinese energy storage companies are evaluating big investments in Vietnam, which could total as much as $1.2 billion, according to news agency Reuters, which quoted unidentified g... Read More

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... Read More

New York power grid under strain due to slow addition of renewables capacity, warns operator

New York's power grid is straining from the state's rapid electrification and slow transition to renewables, its grid operator New York Independent System Operator (NYISO) warned i... Read More

India planning ₹3,760 crore incentives for 4,000 MWh capacity BESS projects

India will offer ₹3,760 crore in incentives to companies for setting up battery storage projects of total 4,000 megawatt hours (MWh) capacity, Reuters reports, quoting unidentified... Read More

Airlines reiterate Net Zero by 2050, seek incentives for sustainable fuels

The International Air Transport Association (IATA) concluded its three-day summit in Istanbul by reaffirming its commitment for the industry to reach Net Zero by 2050, and called f... Read More

Global CO2 levels now 50% above pre-industrial era, warn US scientists

Global CO2 levels continue to rise, and are now 50% higher than their level before the onset of the industrial era, US scientists announced. Independent measurements taken by the U... Read More

Tata Power Renewable commissions 110 MW solar capacity in Bikaner

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Ltd announced the commissioning of a 110 MW solar power project in Bikaner, Rajasthan. The proje... Read More

BEST’s green travel initiative wins UITP Award 2023

The Brihanmumbai Electric Supply and Transport (BEST) undertaking on Sunday won the UITP Awards 2023 in the 'Climate and Health' category for its green travel i... Read More

GM says self-driving cars will arrive this decade, generate $50 billion in revenue

GM is betting at autonomous cars will arrive this decade, and could earn the company almost $50 billion in revenue. Mary Barra, CEO of the Detroit-based carmaker, told a conference... Read More

Hydrom signs $20 bn deals for hydrogen in Oman, eyes 500,000 MTPA for ammonia, steel and export

Omani hydrogen company Hydrom has signed agreements to develop green hydrogen projects requiring an investment of $20 billion, according to news from the Gulf nation's state news a... Read More

LyondellBasell to test new olefins furnace in attempt to curb emissions

LyondellBasell plans to test a new electric furnace in olefins production at its plant at Channelview, Texas, the company announced on Thursday. The chemical maker announced the si... Read More

NTPC partners with Ohmium for largest-ever deal on PEM electrolyzers in India

PEM electrolyzer manufacturer, Ohmium International (Ohmium) on Thursday announced that its India-based subsidiary has been selected as a Proton Exchange Membrane (PEM) electr... Read More

Asia's largest coal-linked carbon capture unit comes on stream in China

 China has operationalized the largest coal-linked carbon capture, utilisation and storage (CCUS) facility in Asia, Reuters reports, citing a report on broadcaster China Centr... Read More

Tesla rival Lucid raises $3 billion amid falling sales

Electric vehicle maker Lucid Group announced plans to raise about $3 billion through a stock offering, in a move seen as stockpiling cash ahead of a likely price war with Tesla. Al... Read More

L&T Green Energy Council: L&T establishes think tank for building global green energy biz

Indian multinational conglomerate, Larsen & Toubro (L&T) involved in infrastructure, Hi-Tech manufacturing and services has established L&T Green Energy ... Read More

World will add record 107 GW of renewables capacity this year, says IEA

Global renewable power capacity is expected to jump 107 gigawatts (GW) – the largest absolute increase ever – to over 440 GW this year, according to the International Energy Agency... Read More

US DoE announces $46 million funding for nuclear fusion innovators

The US Department of Energy has announced $46 million in funding to eight companies involved in developing fusion power plants, as part of a government attempt to hold a pilot-scal... Read More

Solek closes $379 million financing for Chile solar projects

Solek has connected a total of 53 solar PV projects since 2010, of which 18 are in Europe and 35 are in Chile. Solar energy group Solek has closed $379 million of financing for a p... Read More

India might halve import tax on solar panels, rollback GST

India might halve the import tax on solar panels and rollback the GST rate on the devices because of a shortage in domestic production, Reuters reports in an exclusive, citing thre... Read More

Tesla's Model Y becomes best-selling car globally, first EV to bag crown

Tesla had the top-selling vehicle globally in the first quarter of this year, data from Jato Dynamics shows. The company's Model Y beat Toyota's Corolla sedan and RAV4 compact SUV ... Read More

Canada invests CAN$300 million in GM-POSCO Chemicals battery materials plant

Canada will invest CAN$300 million in a plant being set up by General Motors and POSCO Chemicals to manufacture battery materials, the country announced. America's GM and South Kor... Read More

Ford gets EV owners access to Tesla charging stations, announces switch in connectors

Ford and Tesla have agreed a deal that would allow Ford EV owners to charge their vehicles at Tesla stations, the two companies announced. The deal grants owners of models such as ... Read More

Stellantis invests in Lyten’s lithium-sulfur EV battery technology

Stellantis Ventures, the corporate venture fund of Stellantis N.V. announced that it has invested in California-based material innovations company, Lyten Inc. (Lyten) to speed up t... Read More

India and Australia deepen cooperation on green hydrogen

Indian Prime Minister Narendra Modi concluded his two-day trip to Australia on Wednesday finalizing new agreements focused on expanding bilateral trade and cooperation across ... Read More

Eversource puts wind assets on block, exits Orsted JV for $625 million

Eversource Energy announced it will sell its 50 percent stake in a wind farm development site in Massachusetts to Danish joint venture partner Ørsted for $625 million. This transac... Read More

Hyundai, LG Energy announce $4.3 billion battery cell plant in the US

Hyundai Motor Group and LG Energy Solution (LGES) will together build an EV battery cell manufacturing facility in the US at an investment of over $4.3 billion, the companies annou... Read More

NEOM Green Hydrogen Co. completes $8.4 billion deal for a green hydrogen plant

Saudi Arabia's NEOM Green Hydrogen Co. (NGHC) earlier this week announced that it has achieved financial closure on an $8.4 billion green hydrogen production facility after si... Read More

Microvast loses $200 million US grant over China concerns

The US Department of Energy has withdrawn a $200 million grant to US battery maker Microvast, citing concerns over the company's connections with China. The grant was aimed at help... Read More

NTPC partners with HPCL Mittal Energy for renewable energy and green hydrogen projects

NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of India's public sector power utility NTPC and HPCL Mittal Energy Limited (HMEL) have signed a Memorandum of ... Read More

JPMorgan Chase announces $200 million in CDR deals

JPMorgan Chase on Tuesday announced it will spend $200 million to help scale the growth and development of carbon dioxide removal (CDR) technologies. The US banking behemoth aims t... Read More
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