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To meet the growing domestic demand for electric vehicles (EVs), the United States (US) government has allocated a loan to finance a new facility in Terre Haute, Indiana, for manufacturing of lithium-ion battery separators. The government recently allocated a $1.3 billion direct loan ($1.2 billion in principal and $139.3 million in capitalized interest) to ENTEK […]
For once, a strong day at the markets left Green Stocks behind. Of course, not all stocks were left behind, as Waaree Renewable Technologies, after a couple of weeks in relative obscurity, shone with a 5% jump. A surprising performance came from Shakti Pumps, which gave up most gains of the week to end over […]
Sungrow, the leading global PV inverter and energy storage system provider, signed a distribution agreements with Raystech Group and Solar Juice Group. Under these agreements, Raystech Group (1GWh) and Solar Juice Group (700MWh) collaborate to distribute 1.7 GWh of Sungrow’s C&I energy storage systems over the next three years. Raystech Group can leverage its technical […]
Corporate companies in the recent past have relied on renewable energy to meet their growing energy needs. In fulfilling its needs, US corporations have derived 18% of energy from solar. The report said that 20% of all installations in 2023 saw corporate offtake driving renewable energy demand in the country. The Solar Energy Industry Association […]
Automobile company Hyundai is now hopeful of good returns from its upcoming electric model of Creta. The top management of the company said that the launch of its Creta EV is likely to boost the growth of the firm in the electric mobility segment. The company’s high hopes are pinged on the higher sales of […]
Republican control in the United States (US) will move energy policy away from net zero targets, but President-elect Trump’s full agenda will face political and market opposition according to a Wood Mackenzie analysis. The US is likely in store for lighter standards on emissions regulations, more protectionist trade policies, and removing the US from the […]
The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has issued a tender to accelerate the adoption of hybrid rooftop solar systems. The state’s nodal agency for clean energy plans to deploy these systems on government buildings. Hybrid rooftop solar systems integrate grid-connected rooftop solar installations with additional battery backup. This setup enables the […]
Brazil, which has emerged as an important destination for Chinese solar exports after the challenges in the US and India, has hiked import tariffs to 25% on module imports, crimping yet another key market for Chinese manufacturers. The new rate follows an earlier tariff of 9.6% that the government has imposed to support the growth […]
Green energy is poised to dominate power grids globally, but several challenges must be addressed to achieve its full potential. Australia’s solar expansion serves as a prime example of effective solar power integration into an energy mix. Australia now boasts 25 GW of rooftop solar capacity across four million installations. Across the National Electricity Market […]
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