In Short : Adani Green Energy plans to invest $3 billion in backward integration to expand its solar capacity, according to Managing Director Vneet Jaain. The company aims to enhance its manufacturing capabilities, including solar panel production and other components, to support its ambitious growth in the renewable energy sector. This investment aligns with Adani […]
Ford says EV unit losing billions, should be seen as startup – EQ Mag
DETROIT : Ford Motor Co.’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology. The figures were released Thursday as Ford rolled out a new way of reporting financial results. The new business […]
LG Chem to invest over $3 billion to build US battery cathode plant – EQ Mag
SEOUL : South Korea’s LG Chem Ltd said on Tuesday it will invest more than $3 billion to build a battery cathode factory in Tennessee, as it ramps up plans to meet rising demand for U.S. electric vehicle components. It’s one of the first major EV-related investments announced by a South Korean firm in the […]
If Chevron, Exxon, and Shell can’t get carbon capture right at Gorgon, who can? – EQ Mag Pro
At a cost of more than $3 billion, Gorgon, the largest carbon capture and storage (CCS) project in the world has failed to deliver, underperforming its targets for the first five years of operation by about 50%. Carbon capture technology has historically been used as a method of enhanced oil recovery – selling captured carbon […]
Dr Andrew Forrest AO announces $3 billion Queensland green energy precinct – EQ Mag Pro
Combined Clarke Creek wind, solar and battery farm to power 660,000 Queensland homes Dr Andrew Forrest AO has unveiled a $3 billion renewable energy precinct in Central Queensland, with contracts already issued for the immediate start of construction. The powerful new green energy precinct will deliver lower power prices for households and businesses, create regional […]
