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Neuman & Esser, Ballard Invest in Quantron for Hydrogen-Based Mobility

Leading fuel cell expert Ballard Power Systems from Canada and the German hydrogen system specialist Neuman & Esser  have announced that they are investing in Quantron AG as part of a financing round totaling up to EUR 50 million. With a company valuation of EUR 250 million, Neuman & Esser acquires a minority stake and […]

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SolarPower Europe Demands EU Windfall Measures to Target Actual Profits Only

Trade body SolarPower Europe has said that windfall revenue measures of power generators in Europe should target actual profits only and make an exemption for renewables that do not make windfall profits. It “should therefore not be subject to windfall measures,” it further added. The move comes even as energy prices across Europe test new […]

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Leading Solar Solutions Supplier Longi Reveals 66-Cell Solar Module for Europe

Global solar energy equipment manufacturer LONGi has announced that it has released a new half-cut cell module version of its previous HiMO5 module. The new cell is designed for the European market specifically. LONGi is also a member of the Solar Module Super League (SMSL). LONGi reveals that it has 66 solar cells in the […]

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European Investment Bank to Support EU Communities with US$10 Billion

The European Commission (EC) and the European Investment Bank (EIB) have decided to contribute €10 billion (US$10.1 billion) in support of areas most impacted by the transition away from fossil fuels as the continent struggles with how to decarbonize without leaving communities behind amid a severe energy crisis. The Public Sector Loan Facility, the third […]

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Deutsche Bahn, Kia Partner To Convert Used Batteries Into Storage Systems

The Korean automaker Kia and Germany’s Deutsche Bahn (DB) have announced a partnership to increase the useable life of batteries used in electric mobility. Their solution is to re-use used lithium-ion batteries from electric vehicles to create efficient and cost-effective energy storage systems for green electricity. The official statement says that the second-life battery energy […]

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Aquila Clean Energy to Invest EUR 2 Bn for 2.6 GW RE Projects

Aquila Clean Energy EMEA, the clean energy development platform in Europe of Aquila Capital, has announced that it has closed a EUR 1 billion construction facility, supported by the InvestEU programme. The financing is to support development and construction of Aquila Clean Energy’s entire renewable energy pipeline in Spain and Portugal over the next three […]

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Neuron Energy & EVTRIC Motors Join Hands for Battery Solutions

Pune-based EV producer EVTRIC Motors and Mumbai-based battery manufacturer Neuron Energy have announced their alliance. According to the agreement, Neuron Energy would supply 12000 battery packs annually through this alliance, earning around Rs. 50 crores in income. This long-term, strategic partnership will be able to satisfy all of EVTRIC Motors’ battery pack requirements. EVTRIC will […]

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Taiwan’s ProLogium to Build Solid-State Battery Gigafactory in Europe

Taiwan-based solid-state batteries manufacturer ProLogium has appointed Accuracy – an independent financial and strategic consulting firm – to advise on the location of its first major Gigawatt-hour (GWh) battery factory in Europe and to work with its international development team. The official statement of ProLogium states that the investment in the new factory will total […]

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