Japanese multinational conglomerate Panasonic has decided to expand aggressively in the booming electric vehicle market. It has announced to invest nearly ¥600 billion (approximately $4.9 billion) in automotive batteries, supply chain software, among others. The Osaka-headquartered Group also maintained that it will deploy 400 billion yen (roughly $3.26 billion) in “growth areas” and 200 billion […]
MEIL’s Drillmec to invest Euro 35 million in Italy – EQ Mag Pro
Hyderabad: Oil and gas sector player Drillmec, which is part of Indian infrastructure giant MEIL Group, announced that its board of directors had approved an investment plan for over Euro 35 million (about Rs 295 crore) in the energy segment in Italy. This includes production of hydrogen, construction of carbondioxide capture and storage systems and […]
CEPSA Will Invest Between 7 billion and 8 billion Euros in Its Transformation This Decade To Lead The Energy Transition In Spain And Portugal – EQ Mag Pro
The company aims to become a leader in green hydrogen and biofuels with its 2030 ‘Positive Motion‘ Strategy Generate more than half of EBITDA from sustainable businesses by 2030 Reduce Scope 1 and 2 emissions by 55% and Scope 3 by 15-20% by 2030, among the most ambitious targets in the sector Reach net zero […]
Stellantis, LG Energy Solution to invest $4.1B in Canada battery plant – EQ Mag Pro
SEOUL : Stellantis and LG Energy Solution announced plans to more than $4.1 billion to build a battery plant in Canada. The companies plan to build the factory in Ontario, where they will produce lithium-ion battery cells and modules for Stellantis’ electric vehicles, which will be shipped to North American markets. They said Wednesday the […]
Bosnia to invest about $2 billion in clean energy over next 5 years – EQ Mag Pro
RIYADH: Aside from the war between Ukraine and Russia, countries and individual firms are starting to slowly shift focus once again towards their own long-term goals and objectives within the sector. Countries like Bosnia and China are seen making new investments and setting new targets revolving around renewable and clean energy. Through a micro lens, […]
Stellantis and LG Energy Solution to Invest Over $5 Billion CAD in Joint Venture for First Large Scale Lithium-Ion Battery Production Plant in Canada – EQ Mag Pro
Joint venture company to become first large scale, domestic, electric vehicle battery manufacturing facility in Canada Facility to have an annual production capacity in excess of 45 gigawatt hours Plant targeted to be operational in 2024 and create an estimated 2,500 new jobs Ontario, Canada : Stellantis N.V. and LG Energy Solution (LGES) today announced […]
South Korea’s Posco to invest $4 bln in lithium project in Argentina – EQ Mag Pro
BUENOS AIRES : South Korean steelmaker Posco said on Monday it will invest $4 billion in a new lithium mining project in Argentina, as the company seeks to tap into soaring demand for the key rechargeable battery metal. The announcement came right after the company met with local government officials. The funds will be invested […]
German retailer Netto to invest EUR 100m in solar roofs, heat pumps – EQ Mag Pro
German retail chain Netto will spend about EUR 100 million (USD 110.5m) to put in rooftop photo voltaic photovoltaic (PV) programs and warmth pumps and change fuel heating at its shops and logistic centres within the residence market in a bid to chop reliance on Russian fuel and cut back its carbon footprint. The change […]
China’s JinkoSolar plans to invest USD 3.3bn to build new factories – EQ Mag Pro
The principal running unit of solar module maker JinkoSolar Holding Co Ltd (NYSE: JKS) has signed framework deals for two manufacturing cooperations in China that will certainly require a mixed investment of regarding CNY 20.8 billion (USD 3.27 bn/EUR 2.97 bn). Jinko Solar Co Ltd, also described as Jiangxi Jinko, has actually secured an investment […]
Energy Giant Shell, Venture Capitalists Ankur Capital and APVC invest in Offgrid Energy Labs’ pathbreaking energy storage ‘ZincGel’ technology – EQ Mag Pro
Offgrid Energy Labs announces unveiling of innovative ZincGel® Technology for Sustainable & Efficient batteries, providing energy storage solutions for Stationary & Mobile applications. Shell Ventures, Ankur Capital, APVC Singapore invest in Offgrid Energy Labs to deliver first-of-its-kind ZincGel Technology for batteries Offgrid Energy Labs is supported by: Indian Institute of Technology – Kanpur, Department of […]