Tech giant Apple is reportedly planning to build a team for its electric car project — Project Titan — before the end of the year. On the microblogging site, analyst Ming-Chi Kuo wrote, “Apple is building a new team to accelerate the project that was laying dormant during the Covid pandemic”. Apple went through many […]
Category: Power
Power
BluSmart gears up to install EV charging infra projects across India
As India rides on the EV bandwagon with the government promoting several use cases, BluSmart is poised to double its fleet by the end of the year and aims to have over 1,00,000 EVs on its platform by 2025. Rishabh Sood, CTO, BluSmart, told IANS that from a charging infrastructure perspective, both state and central […]
Inflation hits 10% in 19 EU nations using euro, electricity prices up
Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signalling a looming winter recession for one of the globe’s major economies as higher prices undermine consumers’ spending power. Consumer prices in the 19-country eurozone hit a record 10 per cent in September, […]
Germany to set up $196 billion stabilisation fund to fight energy crisis
Germany is putting up a “defensive umbrella” of up to 200 billion euros ($196 billion) to stabilise the country’s economy during the energy crisis, Chancellor Olaf Scholz announced. The country’s Economic Stabilization Fund (WSF), which was set up during the Covid-19 pandemic in 2020, will manage and distribute the state aid, reports Xinhua news agency. […]
Adani Green Energy up 20% on heavy volume; exchange data shows block deal
Shares of Adani Green Energy (AGEL) soared 20 per cent to Rs 2,405 on the National Stock Exchange (NSE) in Friday’s intra-day trade backed by heavy volumes. At 01:01 PM, the stock of Adani Group’s electric utilities company traded 13 per cent higher at Rs 2,270, as compared to 1.6 per cent rise in the […]
Hero MotoCorp to invest $60 mn in Zero Motorcycles to develop e-bikes
Hero MotoCorp on Thursday said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles. The country’s largest two-wheeler maker said it is finalising a collaboration agreement with the California (US)-based manufacturer of premium electric motorcycles and powertrains. The company’s board has approved an equity investment […]
India, California to collaborate for innovation in zero-emission vehicles
India has entered into a collaboration with California for research and innovation in the field of zero-emission vehicles to spur the development of its nascent EV industry and address climate risks. California has the world’s most advanced zero-emission vehicle (ZEV) policies. It has an ambitious 100 per cent ZEV mandate by 2035. As part of […]
New LML not primarily focused on price and range: MD Yogesh Bhatia
New LML is not primarily focused on generic features like price and range while developing its electric two-wheelers. It is, instead, aiming to be a “experiential brand”, LML Emotion Managing Director Yogesh Bhatia said on Thursday. LML Emotion, revamped brand under the new ownership, on Thursday unveiled the concept of its first three electric two-wheeler […]
Schneider Electric India to set up 2nd unit in Telangana, invest Rs 300 cr
Schneider Electric India Pvt Ltd will set up its second facility in Telangana with an investment of Rs 300 crore, company’s CEO and MD Anil Chaudhary said on Thursday. The factory will be set up on a 18-acre land at GMR Industrial Park in the state capital of Telangana. He was speaking at the ground-breaking […]
People trapped, 2 mn without power after hurricane Ian swamps SW Florida
Hurricane Ian left a path of destruction in southwest Florida, trapping people in flooded homes, damaging the roof of a hospital intensive care unit and knocking out power to 2 million people before aiming for the Atlantic Coast. One of the strongest hurricanes to ever hit the United States barrelled across the Florida peninsula overnight […]
People trapped, 2.5 mn without power as Hurricane Ian drenches Florida
Hurricane Ian left a path of destruction in southwest Florida, trapping people in flooded homes, destroying the only bridge to Sanibel Island, damaging the roof of a hospital intensive care unit and knocking out power to 2.5 million people as it dumped rain across the peninsula on Thursday. One of the strongest hurricanes to ever […]
Austria govt unveils aid package for companies amid energy crisis
The Austrian governmenthas unveiled a new aid package worth 1.3 billion euros for companies struggling with the worsening energy crisis. The funds will be earmarked for energy-intensive companies to cover 30 per cent of their additional fuel, gas and electricity costs, Xinhua news agency quoted Economy Minister Martin Kocher as saying to the local media […]