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Plummeting Energy Demand to Result in Record Decline in Carbon Emissions: IEA

The COVID-19 pandemic represents the biggest shock to the global energy system with a 6 percent drop in global power demand predicted for this year. A new report has highlighted that the COVID-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year […]

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SK Innovation Increases Investment in US EV Battery Business to $2.5 Bn

SK Innovation has announced that it plans for additional investment in its US battery business, to fund the start of construction of a 2nd EV battery plant. South Korea-based SK Innovation has announced that it plans for additional investment in its US battery business, following approval by its Board of Directors to fund the start of construction of a […]

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100 MW Solar Plus Storage Project Approved by Arkansas Commission

The Arkansas Public Service Commission has approved a new 100 MW utility-scale solar project along with a 10 megawatts of battery storage system The Arkansas Public Service Commission has approved a new utility-scale solar project that will provide Entergy Arkansas customers with 100 megawatts (MW) of solar power and 10 megawatts of battery storage. The […]

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Nissan Licenses Lithium-ion Battery Technology to APB Corporation

Nissan has licensed its technology to APB Corporation that will allow mass production of lower-cost lithium-ion batteries with increased charging capacity Nissan has licensed an advanced technology to APB Corporation that will allow mass production of lower-cost, safer lithium-ion batteries with increased charging capacity. Backed by investment from major companies, Tokyo-based APB plans to build […]

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Electricity Storage Valuation Framework

Electricity storage could be a crucial factor in the world’s transition to sustainable energy systems based on renewable sources. Yet electricity markets frequently fail to account properly for the system value of storage. This report from the International Renewable Energy Agency (IRENA) proposes a five-phase method to assess the value of storage and create viable […]

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E-Bike Startup Zypp Sets up Battery Swapping Stations in Gurugram

EV startup Zypp has announced that it has made its foray in battery swapping for EVs. The firm has installed 15 battery swapping stations in Gurugram Electric vehicle (EV) startup Zypp has announced that it has made its foray in battery swapping for EVs. The firm has installed 15 battery swapping stations in Gurugram. As […]

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Mitsubishi and Chubu Complete EUR 4.1 Bn Acquisition of Eneco

Mitsubishi and Chubu Electric have officially acquired all shares of Eneco through its joint venture for a total value of 4.1 billion euros In November 2019, Mitsubishi Corporation (MC) and Chubu Electric were selected as the preferred buyers in a bid for the Dutch Energy Company – Eneco. Both firms had since been completing the […]

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Startup Feature – Cell Propulsion

Total employees: 30 Key operational areas (Products, Regions, Clients) The company is poised to drive massive growth of nascent heavy electric commercial vehicle market and capture its major share. It is developing connected, electric powertrains for electric buses. They will be used to electrify the fleets of 12m, 16ton city transport buses. The company is […]

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