The new company will include the Douai car assembly site, the Ruitz gearbox manufacturing site and the Maubeuge commercial vehicles assembly plant from Jan. 1, 2022. PARIS: French carmaker Renault will combine three of its plants in northern France into a new legal entity, Renault ElectriCity, to focus on electric vehicle manufacturing, two sources close […]
ENGIE : Utility Engie to Boost Investments in Renewables and Step Up Asset Sales
PARIS : French power company Engie announced on Tuesday plans to boost investments in the renewables sector and step up disposals of non-core assets, as part of a strategic program to improve its business performance. Engie said it was targeting between 9-10 billion euros ($11-$12 billion) worth of disposals over 2021-2023, which in turn would […]
JPMorgan Chase Releases Carbon Reduction Targets for Paris-Aligned Financing Commitment
Carbon CompassSM methodology outlines how the firm established its targets and will measure performance over time. Annual ESG Report provides updates about the firm’s approach to help clients transition to a low-carbon economy Firm achieves operational carbon neutrality and establishes new operational goals. NEW YORK : JPMorgan Chase today released comprehensive steps it is taking […]
World’s First Hydrogen Cargo Vessel Set for Paris Debut
The vessel will operate on compressed hydrogen produced from electrolysis, enabling not only zero-emission operations but also creating a solid base for more local zero-emission transport, both at sea and on land. The world’s first commercial cargo transport vessel operating on hydrogen will occur on the Seine River, according to Flagships, a European project. Commercial […]
AIIB Launches Sustainable Development Bond Framework
Includes Commitment to Report on the Bank’s Environmental and Social Impacts. Today, the Asian Infrastructure Investment Bank (AIIB) launched a new framework to help the investor community better assess how the Bank is living up to its sustainability commitments. The Sustainable Development Bond Framework clearly outlines how AIIB is adhering to the principles set out […]
The global race to develop ‘green’ hydrogen
Europe in particular is anxious to get a handle on the new and still costly fuel, having missed the boat on solar and battery technology, which is dominated by China. Paris: It’s seen as the missing link in the race for carbon-neutrality: “green” hydrogen produced without fossil fuel energy is a popular buzzword in competing […]
Sterling and Wilson Solar Solutions, Inc wins INR 890 crore order in USA
Mumbai: Sterling and Wilson Solar Solutions, Inc (SWSS), the US subsidiary of Sterling and Wilson Solar Limited (SWSL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), announced that it has signed an order worth USD 121.7 million (~ INR 890 crore) in the Pacific Northwest region of the United States of America. The order has been […]
FISKER AND CREDIT AGRICOLE CONSUMER FINANCE SIGN A GREEN MOU FOR DELIVERY OF FISKER OCEAN EV
Agilauto, a division of Crédit Agricole Consumer Finance in France, to offer Fisker Ocean through programs for Crédit Agricole Group employees and the private banking market, reinforcing company’s commitment to zero emission vehicles. LOS ANGELES / PARIS – Designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions – today […]
Taiwan’s Promise of Green Hydrogen
Although hydrogen gas emits only water, it does not naturally exist in its pure form and must be generated from another hydrogen-carrying source – usually methane (CH4) – through a process called steam-methane reforming. Cheap and well-established, this process is also highly polluting, generating 10 tons of greenhouse gases for every ton of hydrogen. Hydrogen […]
Ahmedabad-based startup Matter bets on EV market, eyes $1 bn turnover by 2025
Matter will be launching its lithium ion batteries for solar and renewable management by April, which will be followed by its first electric motorcycle closer to Diwali this year. Bullish on the growth of electric vehicles (EV) market in India, EV and energy storage technology startup, Matter expects to clock a turnover of $1 billion […]