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Quantumscape CEO Jagdeep Singh Aims For A $2.3 Billion Payoff

In a deal seen as mirroring a similar deal for Tesla founder Elon Musk a couple of years back, Shareholders of QuantumScape Corp., the solid-state battery startup that went public through a blank-check deal last year, recently approved an approximately $2.3 billion (Rs 17,486 crore) pay package for its Chief Executive Officer Jagdeep Singh. The […]

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Bluetti Unveils ‘World’s 1st Sodium-Ion Solar Generator’

Solar equipment manufacturer Bluetti announced “the world’s first sodium-ion solar generator” — NA300 and its compatible battery module B480 — on its social media handle last month. Sodium-ion batteries have become a cynosure as an alternative to their lithium-ion counterparts in many industries due to their high abundance and low costs, states the company. The […]

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“Lead-acid Batteries are here to stay”, Ahila Krishnamoorthy, Daramic

Despite the increasing build up around lithium-ion batteries, which are poised to become the next big thing in battery storage space, demand for lead-acid batteries continues to grow steadily, if not spectacularly. The 90 year old US firm Daramic is at the centre of this transition, with a big stake in the sector. With its […]

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Axitec Launches 540W Module For India, Focus on Large Projects

AXITEC, one of the few German Solar PV brands that has survived the competition from China has an interesting approach to manage operations. With its headquarters and core engineering team in Stuttgart in Germany supporting the manufacturing capacity of 1 GW, which itself is spread across key markets including EU, China, Vietnam, Cambodia and India. […]

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5 MWh Vanadium Flow Battery Activated In UK By Invinity Energy

Invinity Energy Systems, the flow battery firm has joined developer Pivot Power (Part of EDF Renewables), to complete the storage component of the Energy Superhub Oxford (ESO) project. The project combines a 50 MWh lithium ion battery storage system (from Wartsila) with a 5 MWh vanadium flow battery from Invinity Energy. The lithium battery was […]

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Honda 2Wheelers Unveils 2nd Wind Turbine System in Gujarat

Honda Motorcycle & Scooter India (HMSI) on Thursday said its second wind turbine system at Bhanvad in Gujarat has gone on stream, which will help the company meet over 50 per cent of the energy requirements from hybrid renewable resources across all its four manufacturing plants. The wind turbine system at Bhanvad is around 350 […]

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NexGen Energia Seeks Gold In CBG With 1000 CBG Plants Ambition

A clean fuel energy company, NexGen Energia is focused on exploring opportunities to establish green diesel refineries and Compressed Biogas (CBG) production units which it insists is set to be the ‘future fuel of India’. The company has pioneered in the art of making CNG (CBG) from locally sourced waste and agricultural waste in India, […]

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Tata Power Gets LOA For 300 MW Hybrid Project from MSEDCL

TP Saurya Limited (TPSL), a wholly owned subsidiary of Tata Power, received the ‘Letter of Award’ (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for setting up of 300 MW hybrid power capacity. This project has been awarded through Tariff-based competitive bidding followed by e-Reverse auction. TP had won the bid along with Azure […]

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Carbon America Closes $30 M Series A to Scale Up its CCS Tech

Carbon America, a vertically integrated carbon capture and sequestration (CCS) developer, has secured $30 million in Series A funding to deploy commercial projects and scale up its technology. Participating investors include the Canada Pension Plan Investment Board (CPP Investments), ArcTern Ventures, Energy Impact Partners, the Grantham Environmental Trust’s Neglected Climate Opportunities Fund, and Golden Properties. […]

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