India has been wooing Tesla Inc. to set up a factory on its soil, but billionaire Elon Musk isn’t falling for it. At least not yet. In a tweet, the chief executive officer of the electric-vehicle maker said a restrictive policy environment in the South Asian country is proving to be a hurdle for ... Read more
Clean energy provider Fortum has signed an agreement with Clean Motion for offering sustainable mobility solutions by jointly developing a battery swap system, tailored specially for light electric vehicles in India. The goal is to jointly develop a battery swap system for light electric vehicles w... Read more
A prolific trio of major companies in natural gas, energy storage and renewable energy project development have united to take on Asia’s energy storage market, with Japan’s JERA, Australia’s Lyon Group and US-headquartered multinational Fluence announcing a partnership this morning. Fluence, ... Read more
Bird, the Santa Monica-based electric scooter-sharing start-up, is raising $150 million in a funding round led by Sequoia Capital that will value the company at $1 billion, people familiar with the matter said. This is the first batch of money in this new round, and the company plans to raise more,... Read more
India will have to wait some time before having a stable ecosystem for electric mobility in the country as government think tank NITI Aayog and various ministries are having a tough time building consensus regarding future roadmap. Officials in the know told Moneycontrol that fostering a proper env... Read more
A highly accomplished grid-edge startup, sonnen, has just received a significant investment from European energy giant Royal Dutch Shell. The investment will help it to develop its U.S. and Australian solar + storage market share. The German solar energy startup sonnen is bringing in €60 million ... Read more
The SoftBank Group is tying up with infrastructure conglomerate IL&FS to develop more than 20 gigawatts of solar capacity in India by 2025 to support Prime Minister Narendra Modi’s ambitious renewable energy road map for the country. This comes less than two months after the Japanese group te... Read more
The Indian auto industry has spoken in unison. The country’s ambitions to fully electrify vehicles by 2030 will come to nought, zilch, or in simple words nothing. Speaking on the sidelines of a heightened debate on the scope of electric vehicles, many industry experts and automakers expressed thei... Read more
In March Morgan Stanley sent shares of lithium companies tumbling after the investment bank forecast overproduction of the battery raw material and plunging prices. Some in the industry characterized the New York bank’s assessment as little more than a hit job to help a client pick up assets chea... Read more
Years ago, the great automotive “chicken or egg” debate centered on which technology would lead the way: the electric vehicle or the charging infrastructure. Now it’s all about the lithium battery, as automakers like Tesla, General Motors, Daimler, Toyota, Nissan, and BMW cut deals for large ... Read more
Dutch energy solutions company Alfen is supplying an integrated energy storage solution to enable electric vehicle charging for carmaker BMW. The 1.1 MW system will be installed at BMW’s test location in Munich, Germany, and will incorporate an ultrafast charger for BMW Group’s EV prototypes. ... Read more
The UK government’s head of smart energy has admitted that Brexit - Britain's planned departure from the European Union - is causing delays in the passage of primary legislation to define energy storage, which may not be achieved until 2022. Speaking at yesterday's Utility Week Live event in Birm... Read more
