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

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... Read More

GM acquires Israeli battery software startup ALGOLiON

General Motors has recently announced the complete acquisition of Israel-based battery software startup ALGOLiON Ltd. for an undisclosed sum. GM's newly formed Technology Accelerat... Read More

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... Read More

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

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... Read More

Imerys, British Lithium joint venture to develop UK's largest lithium deposit

Imerys S.A. the French multinational company specializing in the production and processing of industrial minerals on Thursday announced that it has acquired an 80% s... Read More

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 ... Read More

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

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... Read More

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

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... Read More

GM Energy reveals initial suite of 'Ultium Home' including V2G, stationary storage

GM Energy has recently announced the product details and specifications for its initial suite of Ultium Home offerings - the first set of solutions to be made available to resident... Read More

Epsilon Advanced Materials to invest $650M for a new battery material facility in the United States

Leading battery material company, Epsilon Advanced Materials (EAM) has announced that is planning to invest $650 million for establishing a 50,000 TPA synthetic graphite anode manu... Read More

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

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... Read More

L&T plans GW-scale H2 electrolyzer manufacturing facility in India using McPhy technology

Indian MNC Larsen & Toubro (L&T) has entered into an electrolyzer manufacturing binding agreement with French tech firm McPhy Energy for a long-term partners... Read More

Umicore sets up prototyping center for solid-state battery in Belgium

Battery materials firm Umicore has recently opened a solid-state battery material prototyping facilities in Olen, Belgium. The company claims that the center is one ... Read More

New kid on the bloc: India joins global critical mineral partnership

In one of the key developments during PM Modi's recent state visit to the US, India was included as the newest partner in the Mineral Security Partnership (MSP), a global init... Read More

IESA-DOE initiates India-US intergovernmental dialogue for energy storage

On June 15, India Energy Storage Alliance (IESA) in collaboration with the U.S. Department of Energy (DOE) kickstarted the dialogue on the US-India Energy Storage Partnership. In t... Read More

Offshore H2 project HOPE wins €20 mn grant by European Commission

The Hydrogen Offshore Production for Europe (HOPE) project consortium has signed a €20 million grant agreement with the European Commission, selected for funding under the Cle... Read More

Rondo Energy, Siam Cement Group expand battery production capacity to 90GWh

Rondo Energy Inc (Rondo), the manufacturer of Rondo Heat Batteries on Monday (June 26) announced plans to expand the production capacity of Rondo Heat Battery storage at the Siam C... Read More

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

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 ... Read More

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

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... Read More

AGIG to build 10MW green hydrogen production facility in Victoria

Australian Gas Infrastructure Group (AGIG) has announced the construction of Hydrogen Park Murray Valley (HyP Murray Valley) in the state of Victoria, which is considered as&n... Read More

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

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... Read More

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... Read More

Storage industry stakeholders convene in the UK ahead of the 9th Energy Storage Partnership Meetings

The ESP Stakeholders Forum and 9th Energy Storage Partnership (ESP) Meeting begins today in the United Kingdom.  Hosted jointly by the World Bank's Energy Sector Management As... Read More

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... Read More

MAN investing €100 million for making EV battery packs at Nuremberg

German CV maker MAN Truck & Bus SE has recently confirmed that its Nuremberg facility will be its principal site for the large-scale production of high-voltage b... Read More

Honeywell unveils 'Ionic' modular, scalable BESS for C&I applications

Multinational tech firm Honeywell has recently introduced its 'Ionic' end-to-end modular battery energy storage system (BESS) and energy management tool for global market... Read More

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... Read More

NIO secures about $1.1 billion investment from Abu Dhabi state-owned fund

Chinese EV maker NIO has recently signed a share subscription agreement with CYVN Holdings, an Abu Dhabi government majority-owned investment firm, which will invest ... Read More

Alternergy installs Palau’s largest solar and battery energy storage system

Philippine renewable energy firm Alternergy and its subsidiary Solar Pacific Energy Corporation (SPEC) have recently launched the Republic of Palau's first solar and... Read More

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

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... Read More
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