Category: Power

Artificial intelligence’s next target is the electric vehicle battery. Chemix, an AI-powered EV battery developer, has completed a $20 million Series A funding round, led by Ibex Investors. The three-year-old startup will use the funding to scale its technology, which uses algorithms to design and optimise novel batteries for electric vehicle makers.

SAN FRANCISCO: Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term. The world’s top EV maker said it plans to raise production by 50% from 2023 […]

New Delhi: Tata Passenger Electric Mobility on Wednesday said it has secured an order to supply 2,000 units of XPRES-T electric sedans from integrated fleet electrification platform Vertelo. The company, a unit of Tata Motors, has inked a non-binding memorandum of understanding, with Macquarie managed Vertelo for the delivery of EV units. The company will […]

A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China’s Geely , foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV […]

Indian business mogul Sridhar Vembu recently caused a stir on the internet after he showcased his latest wheels – an electric three-wheeler. Sridhar Vembu is the chief executive officer (CEO) of Zoho Corporation. The Padma Shri Awardee, who is the 55th richest person in India with a net worth of $3.75 billion according to Forbes, […]

BEIJING: By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the fight for market share beyond China. And that’s just what it is getting.

India could bid out 1 GW of offshore wind capacity under the viability gap funding (VGF) scheme and issue guidelines to implement the PM-Surya Ghar Muft Bijli Yojana within 100 days of the next government taking charge, people familiar with the matter said. Financial assistance for 1 GW offshore wind energy projects was announced in […]

The Naveen Jindal group is finalising a Rs 15,000-20,000 crore investment plan for the development of renewable energy projects which could become a source of captive clean fuel for its expanding steelmaking operations, said people with knowledge of the matter. Jindal is the promoter of the listed Jindal Steel and Power, which has announced a […]

Grew Energy on Wednesday said it has bagged an order to supply 200 MW of solar modules. The company has secured the project under an auction process conducted by Solar Energy Corporation of India (SECI), it said in a statement. “Grew Energy secures 200 MW of SECI’s 400 MW solar PV module auction. Grew amongst […]

REC Limited, a Maharatna Central Public Sector Enterprise and an NBFC under the Ministry of Power has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL), under which REC will provide CVPPL with the financial assistance of Rs 1,869.265 crores as term loan.

NTPC Ltd and Nuclear Power Corporation of India, through joint venture Anushakti Vidhyut Nigam Ltd, are looking to invite bids for works of 2,800-MW Mahi Banswara Rajasthan nuclear power project in this financial year in line with the government’s aim to speed up nuclear power generation. “The proposal has been sent to the Atomic Energy […]

Shares of Tata Power Company Ltd. traded 0.36 per cent up at Rs 429.55 at 12:07PM (IST) on Monday, even as BSE benchmark Sensex gained 424.06 points to 73512.39. The scrip had closed at Rs 428.0 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 444.1 and Rs 193.05, […]