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Tesla Won’t Solve the Issue of Low EVs Influx in India: IDTechEx Report

Tesla has announced its plans to enter the Indian automobile market at the very beginning of 2021. So how will Tesla reach its goals in India, and how India will boost its EV adoption with this foreign entry? Well, the answer is not quite that straight and easy. However, a report from IDTechEx: “Electric Vehicles in […]

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EV Acceleration in UP, CM Proposes Tax Exemptions

Considering the whole country is moving fast forward towards electric vehicles (EV) adoption, the Uttar Pradesh government is bringing advancements to increase the influx of EVs into the state. Recently, the department of industrial development reviewed EVs, during that, Chief Minister Yogi Adityanath proposed an exemption of road tax and registration fees to promote EVs. […]

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EV Sector Should Switch to Completely Indigenous Batteries: Nitin Gadkari

Ministry of Road Transport & Highways asked the EV industry to shift towards indigenous battery technologies. With electric vehicles (EVs) fast becoming the new reality, the need to emerge as pioneers in developing leading battery and power-train technologies, the ministry stated. In a statement, “Noting that the challenge we presently face is the control on […]

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General Motors Aims to Become Carbon Neutral by 2040

US based automaker, General Motors yesterday announced its plans to become carbon neutral in its global operations by 2040. Also, the company has committed to setting science-based targets to achieve carbon neutrality.  In addition to this, the company has also signed the Business Ambition Pledge for 1.5⁰C, an urgent call to action from a global […]

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Grinntech To Boost Up Lithium-Ion Batteries Production in New Manufacturing Plant

Grinntech, a startup focused on Lithium-Ion batteries for electrical vehicles (EVs) and energy storage systems announced the inauguration of their larger manufacturing plant in Chennai. The new manufacturing plant is built on a one-acre plot, it will have a capacity to produce 400 MWh per year of Lithium-Ion batteries suitable for electric two-wheelers, three-wheelers, farm […]

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Tata Motors Celebrates 1st Anniversary of its EV Tata Nexon launch

Tata Motors has announced the first anniversary celebrations of its popular electric SUV, the Tata Nexon EV. Since its launch a year ago, the Nexon EV has shown constant growth and became India’s highest-selling electric vehicle, leading a market share of 64 percent (YTD FY21). The all-electric SUV, Tata Nexon has been admired for its design, zero-emission […]

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Statkraft and Aker Offshore Wind explore project opportunities in Norway

Statkraft, Europe’s largest renewable energy producer, Aker Offshore Wind and Aker Horizons have signed a cooperation agreement to explore offshore wind project opportunities in Norway. The companies will combine their strong, complementary skills and expertise to work together to explore the possibility to develop, operate and deliver power from commercial-scale offshore wind facilities in Norway. Last year, the Norwegian government announced it will open for applications for licenses for the development of wind power in […]

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AES Commissions Alamitos Energy Storage Facility in Long Beach, California

Fluence Battery Storage System Will Increase the Delivery of Reliable, Sustainable Energy for Southern California Customers The AES Corporation has commenced operations of the Alamitos battery energy storage system (BESS), one of the world’s largest battery storage systems in operation today. The BESS, a stand-alone energy storage facility for local capacity, will provide up to 400 […]

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Loanpal Receives $800+ Million in First External Investment Round

Loanpal, a leading point-of-sale payment platform for sustainable home solutions, has announced its first external investment round of $800+ million Loanpal, a leading point-of-sale payment platform for sustainable home solutions, has announced its first external investment round of more than USD 800 million led by NEA and WestCap Group, as well as Brookfield Asset Management, Riverstone Holdings […]

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