On the road to electrifying vehicles, cars and small trucks are getting there. Big rigs, however, pose bigger hurdles. The trouble with electrifying tractor-trailer trucks is that the tractor component needs more power than the current charging infrastructure can handle and the necessary charging time is long. Major truck manufacturers such as Volvo, Freightliner and […]
$50 Million ADB Grant to Support Climate-Friendly Business Environment in Tajikistan – EQ
In Short : The Asian Development Bank approved a $50 million grant to promote a climate-friendly business environment in Tajikistan, aiming to support green businesses, enhance climate resilience, and integrate climate considerations into economic policies, fostering sustainable growth and development. In Detail : MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a $50 […]
Department of Energy to award $50 million for clean energy projects on tribal lands – EQ Mag
The U.S. Department of Energy on Friday announced $50 million to help promote clean energy use on tribal lands. “This significant investment will strengthen tribal energy sovereignty by bolstering ongoing efforts to lower energy costs, increase energy security and resilience, and provide electric power to unelectrified buildings,” the Department of Energy said in a press […]
EV charging solutions provider Exicom to enter Europe – EQ Mag
Its European expansion will generate $50 million in revenue in the next five years Exicom, which provides charging solutions for electric vehicles (EVs), will set up a legal entity in Europe in order to succeed in a new market. “The plan is to create a legal entity and also work with distributor partners. If we […]
Greenzo Energy India Ltd invests $50 million for Green Hydrogen Technology in Gujarat – EQ Mag
Greenzo to invest $50 mn in setting up 250MW electrolyser, bop manufacturing facility in Gujarat. Delhi-based Greenzo Energy India Ltd is planning to invest USD 50 million for the development of a 250 MW manufacturing plant of electrolysers and the Balance of Plant (BoP) for generating green hydrogen at Sanand-II Industrial Estate, a part of […]
ADB Supporting Cambodia’s Energy Transition Program – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a sector development program that combines a $50 million policy-based loan package with $23 million in project investments to support the energy transition of Cambodia. The Energy Transition Sector Development Program includes ADB’s first comprehensive policy reform package for the energy sector in Cambodia, which […]
Ather Energy raises $50 million in new funding round – EQ Mag Pro
According to regulatory records obtained through business intelligence platform Tofler, electric scooter manufacturer Ather Energy has secured $50 million, with existing backer Caladium Investment serving as the lead investor. The newest fundraising round included participation from Herald Square Ventures as well. After the round, insiders with knowledge of the situation estimated the company’s valuation to […]
Electric Truckmaker Nikola Buys $50 Million Stake In Indiana Hydrogen Plant
Nikola Corp., which plans to mass-produce hydrogen-powered electric semi-trucks, said it’s buying a $50 million stake in an Indiana energy project led by Wabash Valley Resources that’s converting an idled coal-fired power plant into a large-scale hydrogen factory. The Phoenix-based startup is getting a 20% stake in the West Terre Haute, Indiana, facility in exchange […]
