Tatas pick UK for £4 billion gigafactory that will supply JLR's future models

The factory will supply batteries to future Jaguar and Land Rover vehicles. Image: JLR

Tata Group announced it will set up a battery manufacturing plant in Britain to support the company's electric vehicles. The investment is being made through Jaguar-Land Rover and ...

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RE will exceed 33 percent of global power next year, India's consumption growth to slow

India will require more power than Japan and Korea combined from 2024, the IEA estimates. Image: Pexels

India's energy consumption will grow at a slower rate over the coming years, estimates from the International Energy Agency suggest. Demand growth is expected to result from an inc...

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Japanese PM wraps up Gulf tour with upgrade to Qatar ties

Japanese PM Fumio Kishida inspects a hydrogen-powered motorcycle engine in Saudi Arabia during his Gulf tour. Image: Japan PM Office

Japan's prime minister wrapped up a tour of the Middle East by agreeing to strengthen economic and energy co-operation with Qatar, the world's largest exporter of liquefied natural...

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Daily Shorts: Vietnam EV maker heads to US, gas companies push for investments and more

Streets of Houston, the most populous city in Texas. Image: Pexels

Vietnamese automaker VinFast announced it will next week begin constructing a $4 billion electric vehicle factory in the US state of North Carolina, also home to Toyota's battery f...

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UK launches competition for small, modular nuclear reactors

The cost for each SMR is expected to be around £2 billion, and Rolls Royce estimates it will generate £250 million in exports. Image Courtesy: Rolls-Royce

Britain has launched a competition to develop small modular nuclear reactors, or SMRs, even as it set up an authority to expand nuclear projects across the country. Interested comp...

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Tesla settles one lawsuit, kickstarts another

Tesla's directors have agreed to return $735 million in compensation, agreed not to receive any pay for 2021, 2022 and 2023, and to change the way board compensation is decided. Image: Tesla

Tesla resolved a dispute over director pay on Monday, according to court filings made in the US state of Delaware. The company's directors said they will return $735 million to clo...

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Daily Shorts: US offers India cheap capital for clean energy, European solar output jumps on heatwave, and more

India and the US agreed to work together on climate goals and energy transition. US Treasury Secretary Janet Yellen met India's Finance Minister Nirmala Sitharaman and announced pl...

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Completion of critical mineral projects will ensure enough supply to meet global climate pledges: IEA

The global market for critical minerals such as lithium, cobalt, nickel and copper has doubled in the last five years, but the world will have enough supply to meet national climat...

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Weekend roundup: Tesla unveils Cybertruck, US launches $20 bn in cleantech grants, and more

Tesla built its first Cybertruck, an EV pickup model it showcased four years ago (where an engineer cracked its so-called 'armor' glass). The vehicle gives Tesla entry into one of ...

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ExxonMobil buys carbon capture company Denbury Inc for $4.9 bn

Image for Representation Purpose. Image: Wikimedia

Oil giant ExxonMobil has agreed to buy carbon capture company Denbury Inc for $4.9 billion in a bid to accelerate its energy transition business, the company said in a release. "Ac...

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Nissan to put $725 million into Ampere EV as part of plans to rebalance alliance with Renault

Renault's EV models such as the Megane E-Tech electric could fall under the Ampere subsidiary. Image: Renault

Nissan Motor will invest around $725 million in Ampere, the new electric vehicle unit of French automaker Renault, as part of the group's plans to overhaul their alliance, Japanese...

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DTE Energy to spend $11 bn in clean pivot, eyes 15,000 MW RE and 1,800 MW storage by 2042

Image for representational purpose only. Image: Pexels

DTE Energy, based in Detroit, Michigan, said it would retire its coal plants in less than a decade and invest up to $11 billion over the next 10 years transitioning to clean e...

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India will allow private sector to mine lithium, five other critical minerals

India has amended laws to allow private companies to prospect for six rare and critical minerals, including lithium, which were off limits until now, multiple news outlets reported...

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Another US EV company in trouble: Faraday Future to restate accounts

Faraday Future said the accounting errors would not affect deliveries of its FF 91 2.0 car. Image: FFIE

Faraday Future Intelligent Electric, a US electric vehicle developer, appointed a new financial chief and said it would restate financial statements for 2022 and the quarter ended ...

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Rio Tinto, Sumitomo building A$111 million hydrogen demonstrator for alumina refining

Rio Tinto's announcement of the demonstrator comes the success of a A$1.2 million feasibility study. Image: Rio TInto

Mining behemoth Rio Tinto and Japan's Sumitomo Corporation have announced a A$111 million demonstration project to lower carbon emissions from alumina refining. The companies will ...

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Foxconn scouts for semiconductor partner after exiting Vedanta JV

Foxconn plans to apply for subsidies under India's Modified Programme for Semiconductors and Display Fab Ecosystem plan. Image: Pexels

Foxconn plans to apply for subsidies under India's semiconductor manufacturing subsidy scheme, the company announced, after exiting a $19.5 billion joint venture with Vedanta. The ...

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Amid EV shift, Japanese could lose Thai auto market to China

Southeast Asia's largest automotive hub is gearing up for a China-Japan clash, market analysis shows. Chinese electric vehicle companies are heading into Thailand, and have so far ...

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World Bank names 15 global CEO to funnel investment into renewables

The World Bank named 15 global chief executive officers — including Tata Sons' N Chandrasekaran — to a special group dubbed the "Private Sector Investment Lab" to funnel more priva...

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Hapag-Lloyd to retrofit 15 vessels for methanol

Hapag-Lloyd will retrofit vessels with Seaspan Corp's conventional S90 engines to dual-fuel engines capable of running on methanol. Image courtesy: Hapag-Lloyd

Shipping company Hapag-Lloyd is retrofitting 15 vessels powered by Seaspan Corp's conventional S90 engines to dual-fuel engines capable of running on methanol, according to an anno...

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Renault Chairman warns of 'Chinese storm' in EVs

Reducing Europe’s dependence on China for raw materials will require billions of euros in investment to build new supply chains, Senard says. Source: PR Newswire

Europe's electric vehicle sector faces a "Chinese storm", Jean-Dominique Senard, Chairman of French automaker Renault, said in an interview, referring to the Middle Kingdom's domin...

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SMEV India suspends constitution, seeks revamp under new head

The Society of Manufacturers of Electric Vehicles (SMEV), a lobby of Indian electric-vehicle makers, announced it has suspended its constitution and gone into voluntary hibernation...

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Aker signs power deal for green ammonia plant in Norway

Aker's plant at Narvik, is one of Europe’s first large-scale green ammonia projects, having an expected production of between 1,000 and 1,500 tonnes per day. Image Courtesy: Aker Horizons

Green energy developer Aker Horizons has signed a 10-year power purchase agreement with Statkraft, Europe's largest generator of renewable energy, for its large-scale green ammonia...

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Canada's sweeteners out: C$15 bn for Stellantis-LG Energy battery plant

Mark Stewart, Chief Operating Officer for Stellantis for North America (left), with Dong-Myung Kim, President of LG Energy's Advanced Automotive Battery Division. Image: LGES

A day after Stellantis-LG Energy Solution announced they would resume construction of their battery plant in Canada, the increased incentives awarded for the project became known. ...

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Stellantis, LG Energy resume Canada battery plant after receiving sweeteners

A Stellantis-LG Energy Solution combine that is setting up a battery plant in Canada announced it would resume construction after the country increased subsidies for the project. T...

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E2W sales slump worse than expected, coming quarter decisive

Electric 2-wheeler (E2W) sales for June came as an unexpected shock, even though everyone was watching with trepidation to see how the price sensitive E2W consumer would react to t...

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Lamborghini buyers can only book hybrids from now on

Lamborghini unveiled its first hybrid model, the Revuelto, in March this year. Image: Lamborghini

Lamborghini buyers can no longer buyer the conventional, internal combustion models, because those are completely sold out, the company's CEO told the German newspaper Die Welt. "O...

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​Genus Power sews up $2 billion smart metering JV with GIC, Singapore

Genus will have exclusive rights to supply smart meters and associated services to the venture. Image Courtesy: Genus

Indian smart metering company Genus PowerInfrastructures has signed an agreement with GIC, Singapore, to set up a $2 billion platform (₹17 crore) to fund smart metering projects, t...

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BYD to spend $620 mn for three-plant complex in Brazil

BYD says one of the three plants will be dedicated to electric trucks. Image: BYD

China's BYD will spend $620 million to set up a new, three-complex in the Camacari industrial park in northeastern Brazil, the company announced. BYD's announcement comes on the ba...

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Amazon inducts custom-built EVs into European fleet

Amazon's electric van, custom built for Europe, is smaller and slimmer than its US version so drivers can steer better on Europe's narrower, winding streets. Image: BusinessWire

Retail giant Amazon has started adding its custom-built electric vehicles to its European delivery fleet, the company announced on Tuesday. In a statement, Amazon said it would add...

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Italy increases RE targets, says 65 percent of power from clean sources by 2030

Italy's energy ministry said the country would generate 65 percent of its electricity from renewable energy sources by 2030, up from the earlier target of 55 percent. Image: Pexels

Italy has increased renewable energy targets for the decade, adding to the targets the country made public three years ago, although the statement issued did not explain how the hi...

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