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LG Electronics to Exit Global Solar Panel Business

LG Electronics Inc. is exiting the global solar panel business. The decision, approved Feb. 22 by the LG board of directors in South Korea, follows a comprehensive review of the impact of increasing material and logistics costs, as well as severe supply constraints, on the solar business, the company has said in a statement. Although […]

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Battery swapping network, Chargeup, raises USD 2.5 million

Chargeup, the company hoping to build one of India’s largest battery-swapping network for electric two and three-wheelers, has announced that it has raised USD 2.5 million in pre-Series A round led by Capital-A and Anicut Capital. Other marquee investors who participated in the round include actors Tiger Shroff & Shraddha Kapoor, Aman and Sameer Gupta […]

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Focusing Only on Renewables a ‘Fatal Mistake’: Saudi Energy Minister

The Saudi energy minister said on Sunday that focusing only on renewable power sources was a mistake and that the world may not be able to produce all the energy needed for economic recovery from the coronavirus pandemic. “The pandemic and the recovery underway have taught us the value of caution,” said Prince Abdulaziz bin […]

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Canopus Launches Electric Scooters in India

Canopus has launched four new models of electric scooters in India. To begin with, 4 models will be launched namely – Aurora, Scarlett, Colette and Valeria. The e-scooters are fitted with CAMIVT technology for transmission, FOC technology for Controller, tailor-made motor and an efficient energy conservation system. The vehicles are expected to be available in the market by March 2022. The […]

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Husk Secures Funding For Solar Microgrids in Rural India

Patna based Husk Power Systems, the rural clean energy services leader in Africa and Asia and operator of the largest fleet of community solar microgrids in India, today announced the successful close of a Rs.31 crores  ($4.2 million) debt financing from the India Renewable Energy Development Agency (IREDA) Ltd. Besides the IREDA loan, Husk expects […]

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US Researchers Pursue 5¢/kWh Energy Cost Goal with New CSP System

The US National Renewable Energy Laboratory (NREL) and the Department of Energy (DoE) are working on a state-of-the-art concentrated solar power (CSP) facility as the government looks to reduce the energy cost to a mere 5 cents per kWh. The new technology is expected to have the potential to lower the cost of renewable energy […]

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All Jaguar Land Rover Cars to Use Nvidia Software by 2025

British automaker Jaguar Land Rover has formed a multi-year strategic partnership with NVIDIA, a company operating in artificial intelligence (AI) and computing arenas, to jointly develop and deliver next-generation automated driving systems plus AI-enabled services and experiences for its customers. Starting in 2025, all new Jaguar and Land Rover vehicles will be built on the […]

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India Signs LoI with Australia for Solar & Hydrogen JV

At the recently held virtual 4th India-Australia Energy Dialogue, the two countries signed a Letter of Intent (LoI) to jointly contribute to the advancement of new and renewable energy technology. The focus of this partnership is planned to be on scaling up manufacture and deployment of ultra low-cost solar and clean hydrogen. “This LoI will pave […]

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