Volkswagen announced Project Trinity, the plan to build an electric sedan with a 2026 launch, at an event outlining aggressive future plans for electrification. At an event detailing goals for electrification and future technologies, VW revealed that it has a new electric sedan in the works that it plans to launch for 2026. The sedan, known as […]
Top U.S. utilities collaborate to build electric vehicle charging stations
The initiative comes as President Joe Biden has made boosting electric vehicles a top priority and pledged to build 550,000 new EV charging stations. Six major utilities unveiled a plan on Tuesday to add electric vehicle fast chargers to connect major highway systems across United States, as they look to cater to the burgeoning electric […]
Mexico Senate passes energy bill favoring state, fossil fuel
The Senate must still vote on some objections, but President Andres Manuel Lopez Obrador appeared to have the votes to push the bill through. It passed earlier in the lower house of Congress MEXICO CITY: Mexico’s Senate passed an electrical energy bill that favors government-owned generating plants that largely run on fossil fuels Tuesday, putting […]
ITC bans South Korea’s SK Innovation from exporting EV batteries to U.S.
SEOUL : The International Trade Commission has banned South Korea’s SK Innovation from exporting batteries used in electric vehicles to the United States. The U.S. trade panel ruled in favor of LG Energy Solutions last week on its claim that SK Innovation had stolen its trade secrets to develop the batteries. Unless the Biden Administration […]
SwRI projects receive $950,000 in funding from U.S. Department of Energy
Research includes energy storage projects that integrate pumped heat, hydrogen and liquid air technology SAN ANTONIO : The U.S. Department of Energy (DOE) has awarded $950,000 in funding to three energy storage research projects led by Southwest Research Institute. SwRI will use novel materials and technologies to develop and integrate thermal, mechanical and chemical systems […]
GE alleges Siemens Energy used stolen trade secrets to rig contract bids
Dominion is a Virginia power utility that provides electricity to about 4 million customers on the east coast NEW YORK: General Electric Co accused a Siemens Energy AG subsidiary of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities, and cover up improper business gains totaling more than […]
US to Extend Solar investment tax credit at 26% Until 2022
Extended renewable energy tax credits have been included in a $1.4 trillion federal spending package alongside a $900 billion COVID-19 virus relief spending bill. The solar investment tax credit (ITC), which was scheduled to drop from 26% to 22% in 2021, will stay at 26% for two more years. The wind industry also received a […]
Israel’s OPC to Invest $200 Million in U.S. Solar Projects
Israel’s OPC Energy Ltd. will invest nearly $200 million in the “rapid growth” of a recently-acquired renewable energy business in the U.S., according to its chief executive officer. The firm expects half the solar projects developed by Competitive…Read More…
U.S. Takes Stake in Battery-Metals Firm to Wean Itself Off China
The U.S. government has taken an equity stake in a battery-metals company in a move that undercuts dependence on China for a key material used in electric vehicles. TechMet Ltd. received a $25 million investment from the U.S. International Development Finance Corporation to help develop a Brazilian nickel and cobalt mine, the Dublin-based company said […]
UAE, U.S. and Israel to develop joint energy strategy, say ministers
The United States, Israel and the United Arab Emirates will develop a joint strategy for greater coordination in the energy sector and look to solve energy challenges facing the Palestinians, the energy ministers said in a statement. The statement, carried on the UAE’s state news agency WAM, said the three countries would work together on […]