Is Tesla's charging port set to be new standard?

Tesla's NACS port is seamlessly integrated with the company's vehicles and charging infrastructure, but it's not clear how interoperability will play out for other carmakers. Image: Tesla

Tesla's charging connector for electric vehicles – dubbed North American Charging Standard (NACS) – is set to be the new industry standard, it looks. On Monday in USA, three EV cha...

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US Act makes RE components cheaper than imports, adds 4 mn jobs: Study

Made-in-USA wind- and solar-power components could soon prove cheaper than imports, helping add 4 million new jobs in the country's renewables sector, according to a report by rese...

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At Bonn UNCCC, COP28 President calls for 'just' and 'balanced' energy transition, voice for Global South

COP28 President Dr Sultan Al Jaber has called for a "just" and "balanced" energy transition "that leaves no one behind", and emphasized the need to listen to all voices in the clim...

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World Bank president says private funds should aid energy transition

The World Bank's newly-appointed president Ajay Banga has lauded improvements in the renewable fuels space, and said private investment could help countries transition to clea...

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GM follows Ford, adopts Tesla's NACS connector

GM has said it will cease production of petrol- and diesel-powered vehicles by 2035. Image: GM.com

GM will adopt the Tesla charging connector for its electric vehicles (EV) from 2025, the company announced, in a major decision that should benefit the industry, consumers, and Tes...

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Orsted commits $68 billion to achieve 50 GW renewables capacity by 2030

Danish renewables energy major Orsted has committed to spending just over $68 billion in setting up 50 GW of renewables capacity by 2030, and said it was on track to exceed certain...

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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...

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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...

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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...

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

Authorities in India have tendered energy storage projects totaling as much as 5 GWh. Image: Tesla

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...

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

Aviation account for 2-3% of the world's carbon emissions. Image: Pexels

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...

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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...

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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...

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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...

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EESL targets ceiling fans in energy efficiency drive

Energy Efficiency Services Ltd will seek to deploy about 10 million energy efficient ceiling fans across India, the company said, as part of its moves to improve energy consumption...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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 ...

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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...

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

Tesla has 12,000 fast chargers in North America. Image: Tesla

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 ...

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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...

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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...

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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...

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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...

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