Russia said on Tuesday that Ukraine attacked the Russian-controlled Zaporizhzhia nuclear plant for a third day with a drone but Ukrainian military intelligence denied that Kyiv had anything to do with the attacks. Ukraine has denied it is behind a series of drone attacks on the plant over the past three days, including three drone […]
Category: Power
Power
Electric vehicle retail sales grow across segments in FY24, says Fada
Electric vehicle retail sales in India increased last fiscal with all the segments, including passenger vehicles and two-wheelers, witnessing enhanced registrations, according to automotive dealers’ body FADA. The overall sales of electric passenger vehicles rose to 90,996 units in 2023-24 as compared to 47,551 units in FY23, registering an increase of 91 per cent. Tata […]
New energy vehicles to account for 50% of China’s car sales by 2030
China is expected to witness a significant surge in the adoption of new-energy vehicles (NEVs), constituting approximately half of new car sales by 2030, according to a report released by rating agency Moody’s Investors Service on Monday. This projection indicated a steady and continuous increase over the next six years, fueled by state incentives and […]
Metastable Materials plans to expand high-yield battery recycling capacity
Metastable Materials, a Bengaluru-based startup focused on lithium-ion battery recycling, is looking to ramp up operations and establish a new factory in the coming two years. The company uses a chemical-free technology to extract valuable materials from used batteries, including copper, cobalt, nickel, and lithium. The company claims that this method leads to a high […]
Adani Green in talks to raise $400 mn in offshore loan for upcoming project
Adani Green Energy Ltd. is in talks to raise about $400 million through an offshore loan as the unit of billionaire Gautam Adani seeks funds for an upcoming renewable project, according to people familiar with the matter. The foreign currency loan could range from seven to ten years, with the pricing likely linked to the […]
Will China flood globe with EVs? Here’s what’s behind latest US-China fight
China’s burgeoning production of electric cars and other green technologies has become a flashpoint in a new US-China trade fight, highlighted by Treasury Secretary Janet Yellen during her five-day visit to China and seized on by former President Donald Trump in incendiary remarks on the campaign trail. China has sharply ramped up its production of […]
Hyundai, Kia partner with Exide Energy for EV battery localisation in India
South Korean auto majors Hyundai Motor Company and Kia Corporation on Monday announced a partnership with homegrown battery maker Exide Energy Solutions Ltd for electric vehicle battery localisation in India. Hyundai Motor Company and group firm Kia Corporation have signed a Memorandum of Understanding (MOU) with Exide Energy Solutions Ltd, a leading Indian battery company, […]
China commerce minister begins Europe trip defending Chinese EV sector
China’s commerce minister began a trip to Europe by telling his nation’s top carmakers that U.S. and European assertions of Chinese excess EV capacity were baseless and that innovation and “perfect” supply chains were behind their performance. Wang Wentao held a roundtable meeting in Paris on Sunday with representatives of 10 Chinese EV firms including […]
Adani, TotalEnergies to set up EV charging stations at new MG dealerships
A unit of a joint venture between Adani group and French energy giant TotalEnergies will set up EV charging stations at new MG dealerships to bolster the charing network, the company said on Monday. “Adani TotalEnergies E-Mobility Limited (ATEL), a wholly-owned subsidiary of Adani Total Gas Limited (ATGL), and MG Motor India signed a memorandum […]
AI, power purchase deals to help Delhi meet summer demand of 8,000 MW
The use of latest technologies such as artificial intelligence and long-term power purchase agreements with other states are among the steps taken by discoms to meet the national capital’s high power demand this summer, officials said on Monday. With high temperatures projected for the season, Delhi’s peak power demand is expected to cross 8,000 MW […]
Delhi electricity demand to cross 8GW this summer, discoms brace up
With a warning of a severe heatwave this summer, which would also push up electricity demand, power distribution companies (discoms) in the national capital are preparing for record demand in the coming months. The three privately-owned discoms in public statements said they are expecting demand to cross 8 gigawatts (GW) – a new record for […]
State-owned NTPC targets 5GW power generation capacity addition in FY25
State-owned power giant NTPC on Monday said it is eying 5 GW power generation capacity addition in financial year 2024-25. NTPC aims to add 3 gigawatt (GW) of renewable energy (RE) capacity, exemplifying its steadfast dedication to environmental stewardship, a company statement said. Simultaneously, the power major aims to add 2 GW to its thermal […]