FRANKFORT, Ky. (AP) — A battery manufacturer has selected Kentucky for a nearly $712 million project to produce industrial-sized batteries used to store and distribute energy, a process seen as increasingly important to help secure a reliable electric grid for the country, officials said Friday. The Shelbyville Battery Manufacturing plant will employ 1,572 workers once…
Rio Tinto will partner with China’s State Power Investment Corporation (SPIC) to demonstrate battery swap electric haul truck technology at the Oyu Tolgoi copper mine in Mongolia. Battery swapping technology allows a battery electric vehicle to quickly exchange a discharged battery pack for a fully charged one, instead of recharging the vehicle at a static…
(Bloomberg) — A lack of green offices is posing a fresh risk to Hong Kong’s beleaguered property sector amid a slump that’s already wiped billions of dollars from real estate values. Faced with record vacancy rates and dwindling revenues, developers are reluctant to invest in expensive building upgrades to boost climate credentials and are as…
A Bill Gates-backed start-up aims to revolutionize wind energy with a new, efficient, mass-producible, and versatile design. US-based firm Airloom Energy’s innovative renewable energy technology to maximize wind power’s potential has now gained significant backing from investors. The list also includes Breakthrough Energy Ventures, the innovation platform led by Microsoft founder Gates, and the state…
India’s electric vehicle (EV) market is witnessing rapid growth, driven by government policies, environmental concerns, and technological advancements. MSMEs (Micro, Small, and Medium Enterprises) are crucial players in this transition, contributing to manufacturing, infrastructure development, and innovation within the EV ecosystem. However, access to financing is often a challenge for MSMEs, which is where key…
China is revising its belt and road playbook in Africa, as it moves its investment focus to agriculture, manufacturing, industrialisation and green energy, including critical metals. The shift is part of Beijing’s pivot towards “small but beautiful” projects in its African investment strategy. But while this could see fewer mega projects financed directly through Chinese…