Daily Shorts: Vattenfall abandons UK offshore wind project, Air Canada eyes greener fuels and more

Air Canada has signed deals to test and manufacture SAF, a sustainable jet fuel. Image: Air Canada

Sweden's Vattenfall said it would cease development of a 1.4 gigawatt GW wind farm off the coast of Britain, taking a hit of $537 million on earnings. The Norfolk Boreas offshore w...

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Daily Shorts: China's Farizon raises $600 million, Musk says Tesla could deploy robots next year and more

Farizon, an electric and hybrid truck manufacturer owned by China's Geely, announced it had raised $600 million from investors led by Boyu Capital and Yuexiu Industrial Fund. The c...

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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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VW Group increases its EV deliveries by 48 pc YoY in first half this year

Image for representation purposes only. Source: Volkswagen Group

The Volkswagen Group has revealed that it has increased its deliveries of all-electric vehicles (BEVs) by 48 percent year-on-year to 321,600 vehicles in the first half of 2023. Of ...

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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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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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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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Hyzon Motors makes 200 KW single-stack fuel cell system

Image for representation purposes only. Source: Hyzon Motors

US-based fuel cell and FCEV developer Hyzon Motors has announced the successful completion and factory acceptance testing of the first nine single-stack 200 kW Fuel ...

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Nikola bags $41.9 mn grant for six hydrogen refueling stations for heavy trucks

Image for representation purposes only. Source: Nikola Corporation

Nikola Corporation's hydrogen energy brand 'Hyla' has announced that the California Transportation Commission (CTC) has awarded Nikola and sponsor California Department of Tra...

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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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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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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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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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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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LG Energy Solution, NOVONIX to jointly develop artificial graphite anode material

Battery manufacturer LG Energy Solution and battery materials firm NOVONIX have announced the signing of an agreement for the joint research and development of artificial...

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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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Plug Power to supply 8MW hydrogen fuel cells to Energy Vault in California Wine Country

H2 solutions firm Plug Power has announced that a 8 MW hydrogen fuel cell stationary power systems will be delivered to Energy Vault Holdings, Inc. for supplyin...

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EnerVenue bags 25 MWh metal-hydrogen energy storage project in Florida

Image for representation purposes only. Source: EnerVenue

EnerVenue and Florida-based High Caliber Energy have announced a 25 MWh order of the former's Energy Storage Vessels (ESVs) for High Caliber Energy's client bas...

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IRA boosts US's battery gigafactory capacity pipeline overtaking Europe

Image for representation purposes only. Source: Proterra

The battery cell manufacturing capacity pipeline in the US at present is said to be larger than that of the entire Europe, according to two independent reports broug...

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GM, POSCO Future M step up CAM, pCAM capacity in North America for EV battery

Image for representation purposes only. Source: General Motors

General Motors and POSCO Future M have recently announced the second phase of their 'Ultium CAM' joint venture, with an investment projected to exceed $1 billion (U.S.) t...

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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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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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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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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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US DoE announces $42 mn funding for 22 clean hydrogen projects

Image for representation purposes only. Source: Aranca

The U.S. Department of Energy (DOE) has announced nearly $42 million in funding for 22 projects in 14 states to advance critical technologies for producing, storing, and deplo...

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GM, Samsung SDI to expand battery cell manufacturing capacity 30 GWh

General Motors Co. and Samsung SDI have announced a plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States that is targeted to beg...

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Toyota secures CARB's nod for its heavy-duty Hydrogen Fuel Cell Electric powertrain

Toyota Motor North America has recently announced that it was recently granted a Zero Emission Powertrain (ZEP) Executive Order from the California Air Resources Board (C...

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Hexagon Purus, Panasonic sign Battery cells supply agreement in North America

Hexagon Purus Systems USA LLC has signed a multi-year agreement for the supply of lithium-ion battery cells with Panasonic Energy. The Japanese battery firm will sup...

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GM leads $50 Mn funding round in EnergyX to unlock Lithium supply in US

Energy Exploration Technologies Inc. (EnergyX) and General Motors (GM) have announced that GM Ventures has led a $50 million Series B financing round in EnergyX, along with&nb...

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