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

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

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

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

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

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

FAME-II: Taking stock after the EV subsidy-cut knock

Following up on the subsidy reduction announcement by the government of India, the India Electric Mobility Council (IEMC) looks back at the substantial progress of the Faster ... 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

UK Infrastructure Bank commits £62.5 million to boost battery storage capacity across the UK

The UK Infrastructure Bank on Tuesday announced that it has committed £62.5 million to support the development of battery storage capacity in the UK.  With the Bank's first de... Read More

New York grid records highest output from solar power

The grid operator of New York state said on Tuesday that the grid recorded its highest output from solar energy last week. New York Independent System Operator (NYISO) announced th... 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

FAME-II subsidy for E2Ws slashed; prices to go up, push for OEMs to innovate

The Union Ministry of Heavy Industries (MHI) has reduced the incentives for electric two-wheelers (E2Ws) under Faster Adoption and Manufacturing of Electric Vehicles (FAME)-II sche... Read More

Northvolt completes construction of Europe's largest factory for energy storage solutions

Swedish battery manufacturer, Northvolt has completed the construction of Northvolt Dwa in Gdańsk, Poland -- Europe's largest factory for energy storage solutio... Read More

SK ecoplant invests in green hydrogen project in Canada: Project Nujio'qonik

SK ecoplant, the energy and environment arm of South Korea's second-largest conglomerate, SK Group, has signed an investment agreement with World Energy GH2 to harness wind energy ... Read More

Renewable energy startup Accelergen Energy secures $30 million in financing

Greenfield renewable energy startup, Accelergen Energy, LLC ("Accelergen") on Wednesday announced the closure of $30 million in growth capital from Leyline Renewable Capital. Accel... Read More

Glencore and Li-Cycle to develop Europe’s largest battery recycling hub

Leading lithium-ion battery recycler, Li-Cycle Holdings Corp. (Li-Cycle) and Swiss mining and commodity trading behemoth, Glencore International AG (a wholly owned s... Read More

TotalEnergies launches 25MW/75MWh battery farm in Belgium

French energy major, TotalEnergies on Monday launched a battery farm at its Antwerp refinery in Belgium. The 25 MW/75 MWh capacity energy storage project is the largest batter... Read More

IRENA launches report on low-cost energy transition finance at G20

In partnership with the Indian G20 Presidency, The International Renewable Energy Agency (IRENA) has launched a comprehensive report on how low-cost finance can accelerat... Read More

Europe bags €10 billion in giga factory investments

Europe has bagged around 10 billion euros in investment for two giga factories that will supply batteries to car manufacturers from 2026. The deals come after the bloc loosened rul... Read More

IRENA launches 'NewGen' initiative to promote youth-led RE start-ups, projects

At the recently held Youth Energy Forum at World Utilities Congress 2023, Abu Dhabi last week, the International Renewable Energy Agency (IRENA) launched a new initi... Read More

‘Women Energize Women’: Recharging gender parity

The 'Women Energize Women' conference held under the umbrella event: The smarter E 2022, successfully concluded its very first run, on May 12, 2022, in Munich. The event was organi... Read More

ADNOC launches Decarbonization Technology Challenge; winners to get up to $1 million to pilot technology

The Abu Dhabi National Oil Company (ADNOC) on Thursday announced $1 million (AED3,670,000) Decarbonisation Technology Challenge in collaboration with Amazon Web Services (AWB), bp,... Read More

Allkem, Livent merge to create world's third largest lithium miner

US-based Livent and Australia-based Allkem are combining in a $10.6 billion all-stock deal that will create the world's third-largest producer of lithium, a metal pivotal to making... Read More
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