Foxconn pumps $200mn into Vietnam for EV chargers, components

Foxconn, the company that assembles Apple's iPhone, is investing $200 million in Vietnam to develop components used in electric vehicles (EVs), confirming news of its plans to vent...

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Sinopec's first green hydrogen facility comes onstream with capacity of 20,000 TPA

The site of Sinopec's green hydrogen project in Inner Mongolia. Image: PRNewswire

The China Petroleum & Chemical Corporation, also known as Sinopec, has started production at its first green hydrogen plant, the Chinese news agency Xinhua said. The plant, loc...

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World Bank approves ₹12,300 crore for India's low-carbon energy sector

The World Bank announced it had approved just above ₹12,300 crore to accelerate the development of low-carbon energy technology in India. In a statement, the bank said its funding ...

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Tesla chalks up more wins: Volvo signs up, VW starts talks

Tesla's charging standard has attracted carmakers such as Ford, GM and Volvo. Now, Volkswagen Group is in talks to deploy NACS connectors on its North American models. Image: Tesla

Volkswagen has confirmed the group is in talks with Tesla to adopt the latter's charging port, making it the first German carmaker to discuss the possibility. "Volkswagen Group and...

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Indian PSU scouts lithium blocks in Latin America, in advanced talks with Argentina: report

The talks in Argentina are being held through KABIL, a joint sector PSU that is also scouting for opportunities in Chile and Brazil. Image: Pexels

The Government of India is in advanced talks with Argentina to acquire "multiple lithium blocks" in the country, as part of its strategy to secure critical minerals, according to a...

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IRENA urges world to look beyond sun and wind to biofuels, hydropower and geothermal energy

IRENA has asked countries to consider alternatives such as biofuels, hydropower (pictured) and geothermal energy. Image: Pexels

The world's energy transition is currently "off-track", the International Renewable Energy Agency (IRENA) warned in its 2023 outlook, even as it sought to funnel renewable energy i...

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US electric truck maker Lordstown files for bankruptcy, sues Foxconn for dues

Lordstown began manufacturing its Endurance electric pick-up trucks from September last year. Image: Lordstown

US electric truck maker Lordstown Motors said it has filed for bankruptcy protection after failing to receive a promised investment from Taiwan's Foxconn, maker of the iPhone. The ...

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Petronas, TotalEnergies sign deals on carbon storage in Malaysia, solar power in Australia

Power from the Australian solar project will be sent to gas company Gladstone LNG. Image courtesy: Petronas

French energy giant TotalEnergies and Malaysian petroleum powerhouse Petronas have signed two independent deals at the Energy Asia event in Kuala Lumpur, strengthening ties between...

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Maersk orders six more green fuel ships, taking total to 25

Maersk, which ordered its first methanol-powered ship in 2021, now has 25 such vessels on order. Image courtesy: Maersk

Shipping company AP Moller-Maersk has ordered six mid-size dual-fuel container vessels from China's Yangzijiang Shipbuilding Group. The ships, which can operate on fuel oil and gre...

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Rechargeable li-ion battery inventor John Goodenough passes away

John Bannister Goodenough, co-inventor of the rechargeable lithium-ion battery, has passed away one month before he would turn 101 years old, the Hindu BusinessLine reports, citing...

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Dutch pour more money into hydrogen subsidy

The Netherlands will increase subsidy for the production of green hydrogen, which is hydrogen made from renewable sources of energy by €1 billion euros from next year and an additi...

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India unveils new, solar-centered electricity tariff from April 2024, says carbon market rules soon

India plans to rework electricity rates as part of the government's efforts to increase the use of renewable energy, the power ministry said, unveiling new amendments to electricit...

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Ford bags $9.2 bn loan for battery plants, but plans layoffs in ICE unit

Once ready, the plant in Tennessee (pictured) and two others in Kentucky will have a combined annual production capacity of 120 gigawatt hours. Image Courtesy: BlueOval SK

The US Department of Energy is lending $9.2 billion to a joint venture of between Ford and SK to help build three new battery plants in the US, it announced in a press release. The...

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America extends biofuel blends in fuel, but leaves ethanol makers disgruntled

Most gasoline or petrol sold in the US contains 10 percent ethanol blended in. Image: Pexels

America has increased the amount of biofuels that oil companies must blend into fuels over the next three years, as part of the country's renewable fuel standard (RFS) program. The...

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Australian state eyes 100 percent renewables grid in 10 years

Transgrid outlined a $16.5 billion investment proposal: $14 billion in new transmission infrastructure, another $2.2 billion in new system security infrastructure and $300 million in new operational tools and adding specialist, trained employees. Image: Pexels

Australia's most populus state could have a 100 renewable energy-based grid within 10 years, the state's power transmission company said. Transgrid, operator of the electricity tra...

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Mining giant BHP says emissions might increase, says reduction is not a straight line trend

In an investor presentation, BHP said it expected emissions reduction technology to mature towards decade's end. Image: Pexels

BHP Group warned that emission reductions could not happen in a linear fashion, saying they could instead rise in the near term, as the path to net zero was "uneven" and techn...

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Musk meets Modi, says Tesla wants to come to India

Musk said he planned to visit India next year. Image courtesy: Twitter

Tesla is looking to invest in India "as soon as humanly possible," the electric vehicle maker's CEO Elon Musk told reporters after meeting Prime Minister Narendra Modi in New York....

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Aquila eyes battery storage business in Japan, plans bigger solar footprint

German investor Aquila Capital is looking to expand its solar footprint in Japan and add a battery storage business in the Land of the Rising Sun. "We started with the first acquis...

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Coal plays spoiler in EU clean power deal

Chart courtesy: International Energy Agency

Chart Europe's plans for a clean energy pact appeared to stall on Monday after a late proposal to allow governments to extend subsidies to coal-fired power plants. Energy ministers...

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Chinese EV makers could storm West amid domestic slowdown

The price war in electric vehicles, currently underway in the West, could see powerful new entrants soon: Chinese firms. Saddled with capacity and slowing domestic demand, Chinese ...

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Fortescue expands battery, powertrain capacity in UK

The new facility will deliver prototypes for mining haul truck modules later this year, and officially open next year. Image courtesy: FFI

Fortescue announced it will "significantly" expand battery and electric powertrain production operations in the UK, with a facility at Banbury, Oxfordshire, to manufacture zero-emi...

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Japan offers domestic firms $840 mn to strengthen battery chain

Japan has announced the country will give Toyota and others up to $840 million in subsidies to boost domestic production of batteries for electric vehicles and storage. Industry Mi...

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US govt proposes 80 percent cut in solar, wind project fees on federal land

The US land agency is currently processing 74 renewable energy and transmission applications with a combined potential of over 37 GW. Image: Pexels

The US government is proposing to make wind and solar installations cheaper as part of its plans to boost renewable energy and fight climate change. The Biden administration has pr...

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Brazil's Gerdau to invest $667 mn for sustainable expansion of iron ore mine

Ore from the expansion will be channelled into four steel production units located in the same state as the mine, Gerdau said. Image: Pexels

Brazil's Gerdau SA will invest $667 million in brownfield expansion of its Miguel Burnier iron ore mine. The company said the expansion would be "sustainable" and reduce emissions ...

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B2B logistics firm Movin adopts EVs for first- and last-mile deliveries

Gregory Goba-Ble of UPS (left) and J B Singh of Movin Express flagged off the EVs. Image: PR Newswire

India logistics company Movin, launched as a joint venture between UPS and Indigo Airlines-promoter InterGlobe Enterprises has added electric vehicles (EVs) to its fleet for first ...

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Macron to meet Musk again as France pushes for Tesla gigafactory

Tesla considered France for its European gigafactory, seen here, before settling on Germany. Image: Tesla

France's President Emmanuel Macron is meeting Tesla CEO Elon Musk for the second time in a month on Friday, as he looks to promote the country for Tesla investments. "I'm going int...

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Chile, EU to co-operate on lithium projects

Chile and the European Union have agreed to develop value-added lithium projects in the South American nation, and the parties will sign a memorandum of understanding soon, Europea...

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Tata Steel to test SMS group decarbonization solution at Jamshedpur

Tata Steel has signed an agreement with Germany's SMS group to collaborate on decarbonization of the steel-making process, the company announced. Under the memorandum of understand...

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OCI Global, Maersk prepare first ship to run on green fuel

Shipping company Maersk has ordered a further six vessels that can sail on green methanol from Hyundai Heavy Industries in South Korea. Image courtesy: Maersk

Chemicals company OCI Global announced it would fuel the world's first ship powered by green methanol, in a partnership with shipping company AP Moller-Maersk that could demonstrat...

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Global solar and wind capacity needs 5x jump to 10 TW by 2030, says Climate Analytics

Climate Analytics sees only a marginal role for fossil fuel CCS, which would make up only 0.1 percent of global electricity generation in 2030. Image: Pexels

Global solar and wind capacity needs to touch 10 terawatts (TW) by 2030 from 2 TW now if the world is to avoid a climate cliff, according to Climate Analytics. The report by the cl...

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