Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and production costs, their latest earnings statements showed. Quarterly reports from electric vehicle (EV) makers from the past two weeks show them struggling to hit delivery targets and rapidly […]
Countries Experiencing Numerous Challenges in Net-Zero Emission and Sustainability during 2022 amidst Russia-Ukraine War and Inflation – EQ Mag
Amidst the continuously expanding topic of net-zero emission since 2021, various countries are successively proposing relevant paths and strategies, and businesses are encouraged in procuring green electricity and carbon credits due to ESG. However, the international scene has been full of rapid changes in the year of 2022, while the Russia-Ukraine war has prompted European […]
CATL Captures Its Largest Order from the US for Batteries Deployed in PV-Storage Project – EQ Mag Pro
Leading battery supplier CATL has secured another huge order from the US energy storage market after being awarded the contract for supplying 10GWh of batteries to FlexGen in September. On October 18, CATL announced that it has reached an agreement with Primergy Solar for supplying batteries that will be deployed in the Gemini PV-Storage Project. […]
The Titanium Economy: Capturing opportunities in the energy transition – EQ Mag Pro
In our previous article, we touched on how the Titanium Economy could shape the future of US manufacturing while creating jobs and economic opportunities in American communities. In this article, we look at how some Titanium Economy companies are pursuing sustainability as an opportunity for growth—one of the most significant in the business world today. […]
Conversations in Mobility: Meeting consumer demand with EV charging infrastructure – EQ Mag Pro
In an interview at the M30 Mobility Summit, EVgo’s Cathy Zoi shares her views on the latest developments in mobility. The US charging infrastructure needs to expand rapidly to drive widespread consumer take-up of electric vehicles (EVs), according to Cathy Zoi, CEO of EV charging company EVgo. “Without infrastructure everywhere, we are not going to […]
BP and Hertz to build EV fast charging stations across the US – EQ Mag Pro
The companies will collaborate using Hertz locations and BP’s electric vehicle charging business. BP Pulse, the electric vehicle charging business of BP, formerly known as British Petroleum, announced plans to build a network of large EV fast-charging hubs to serve ride-hailing and taxi fleets at major airports and other high-traffic locations in the U.S. The […]
ENGIE acquires 6 GW of solar and battery storage capacity projects from Belltown Power in the US – EQ Mag Pro
The acquisition of these 33 early to late-stage projects will accelerate renewables development across multiple states in North America and significantly strengthen the Group’s project pipeline ENGIE announced it has acquired a 6 GW portfolio of solar, paired and stand-alone battery storage development projects from Belltown Power U.S. The transaction includes 33 projects comprising some […]
US awards $2.8B in grants for EV batteries in 12 states – EQ Mag Pro
WASHINGTON (AP) : The Biden administration on Wednesday awarded $2.8 billion in grants to boost domestic manufacturing of batteries for electric vehicles in 12 states. A total of 20 companies will receive grants for projects to extract and process lithium, graphite and other battery materials, manufacture components and strengthen U.S. supply of critical minerals, officials […]
US boosts EV purchases, but faces supply chain hurdles – EQ Mag Pro
WASHINGTON : The U.S. government has significantly boosted purchases of electric and plug-in hybrid vehicles but faces supply chain hurdles, the White House said, as it looks to meet President Joe Biden’s aggressive zero-emission purchasing goals. Federal agencies quintupled purchases of EVs and PHEVs in the 12-months ending Sept. 30, moving from approximately 1% of […]
Replacement of fossil fuel with renewable energy needs perpetual investment US expert
Jammu : The replacement of fossil fuel with renewable energy not only needs perpetual investment but also change in the investment decisions, US-based expert Prof John H Perkins said on Friday. He was speaking at the Prof David Pimentel Memorial Lecture during the ongoing three-day Indian Ecology International Conference on “sustainable agricultural innovations for resilient […]