FREMONT, Calif. : Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today that installers of Enphase® products in Puerto Rico have seen growing deployments of Enphase Energy Systems powered by IQ® Microinverters and IQ™ Batteries, with the grid experiencing frequent outages […]
Indian Battery Recycling Company Attero Will Invest USD 1 Billion to Build Factories in the US, Poland, and Indonesia – EQ Mag Pro
Indian battery recycling company Attero Recycling (Pvt.) has announced a massive overseas capacity expansion plan that involves setting up factories for processing discarded Li-ion batteries in the US, Poland, and Indonesia over the next five years. The plan, which entails an estimated investment of USD 1 billion, was first reported by news agencies including Reuters […]
Automakers ask Congress to lift electric vehicle tax cap – EQ Mag Pro
Toyotas plug-in RAV4 Prime small SUV with 42 miles of electric range earns the buyer a USD 7,500 credit, the largest available. Major automakers are asking Congress to lift the cap on how many people can receive tax credits for buying a hybrid or fully electric vehicle. Currently the number of tax credits allowed are […]
Ferroglobe And REC Silicon Announce MoU To Develop An Integrated Solar Supply Chain In The United States – EQ Mag Pro
LONDON : Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or the “Company”), a leading producer of silicon metal, silicon-based alloys and manganese-based specialty alloys, is pleased to announce a Memorandum of Understanding (“MOU”) with REC Silicon. Under the MOU Ferroglobe commits to leverage its asset platform in the United States to supply high purity silicon metal to […]
How battery shortage is hampering the US switch to wind, solar power – EQ Mag Pro
U.S. renewable energy developers have delayed or scrapped several big battery projects meant to store electrical power on the grid in recent months. The slowdown in utility-scale battery installations threatens the pace of the U.S. transition away from fossil fuels as the Biden administration seeks to decarbonize the grid by 2035. The delays could pose […]
Biden targets solar, green hydrogen, and fuel cells in new manufacturing push – EQ Mag Pro
The United States is taking aim to massively upscale its domestic clean energy manufacturing capabilities, with new action signed by President Joe Biden this week targeting the country’s solar production capacity, as well as green hydrogen and fuel cell production. Biden’s announcements were headlined by two modifications to the US Defense Production Act – a […]
US, Germany propose India-G7 partnership for decarbonization – EQ Mag Pro
The United States and Germany have proposed to establish an India-G7 partnership on behalf of the G7, to help India transition from a “fossil-based economy to a carbon-neutral economy”. The two countries are keen to announce the partnership at the G7 summit, where India has been invited later this month. Sources said the idea is […]
Maxeon Solar Technologies Expands Residential Channel Program in the United States – EQ Mag Pro
SINGAPORE : Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced an agreement with CED Greentech to significantly expand Maxeon’s differentiated channel program to residential installers in the United States. This new collaboration combines CED’s unrivaled position as the largest solar equipment distributor in United States with Maxeon’s […]
Morgan Stanley’s shareholders vote against proposal on fossil fuels – EQ Mag Pro
Morgan Stanley’s directors said in a document released in April that if the bank ceased funding fossil fuel projects, other players would still provide it. Morgan Stanley CEO James Gorman told shareholders during the bank’s annual general meeting on May 26 that he does not plan to retire soon, and added that he puts the […]
Global Infrastructure Partners and TotalEnergies announce a strategic partnership in U.S. renewables including their controlling stakes in Clearway Energy Group and SunPower Corporation – EQ Mag Pro
New York, NY : Global Infrastructure Partners (GIP) and TotalEnergies have formed a strategic partnership to advance their commitment to the U.S. renewable energy sector. TotalEnergies will acquire half of GIP’s interest in Clearway Energy Group (Clearway), a privately held renewable development company that owns a controlling stake with a 42% economic interest in Clearway […]