As of now, Ambani’s plan sounds a lot like Elon Musk’s Tesla minus the electric vehicles. India’s richest man is making a strategic shift towards renewable energy. This is significant because over 60% of RIL’s consolidated revenue comes from fossil fuels and their by-products. Global investment bank Morgan Stanley expects RIL to pump in $13 […]
Colocating energy storage alongside renewables adds to lender appeal
Colocating battery energy storage systems alongside renewables projects will be ‘critical’ to energy networks in the future, and could help level up debt financing. That was the take home point from a panel discussion on solar-plus-storage projects during the virtual Solar Finance & Investment Europe conference hosted by Energy-Storage.news publisher Solar Media earlier this month. Mark Henderson, […]
Amara Raja Batteries Q3 PAT spurts 18% to Rs 194 cr
Amara Raja Batteries (ARBL)’s consolidated net profit jumped 17.98% to Rs 193.69 crore on 12.18% rise in revenue from operations at Rs 1,960.43 crore in Q3 December 2020 over Q3 December 2019. Consolidated profit before tax (PBT) surged 19.93% to Rs 260.40 crore in Q3 December 2020 over Q3 December 2019. Total tax expense for […]
Amara Raja Batteries Q3 PAT spurts 18% to Rs 194 cr
Amara Raja Batteries (ARBL)’s consolidated net profit jumped 17.98% to Rs 193.69 crore on 12.18% rise in revenue from operations at Rs 1,960.43 crore in Q3 December 2020 over Q3 December 2019. Consolidated profit before tax (PBT) surged 19.93% to Rs 260.40 crore in Q3 December 2020 over Q3 December 2019. Total tax expense for […]
How US Grid Operators Plan To Tackle Energy Storage at Gigawatt Scale
Batteries and hybrid renewables-plus-storage projects will be a massive grid resource. Transmission grids and energy markets will need to adapt Grid-scale batteries and hybrid renewable-storage projects are growing in scale, and transmission grid operators are struggling to manage them. How can U.S. transmission grids and wholesale energy markets adapt to the gigawatts of energy storage […]
Demand for cheaper batteries in China sends one chemical soaring
The surging demand for cheaper electric vehicle batteries in China is supercharging a rally for one key raw material — lithium carbonate. For the first time since March 2018, prices of lithium carbonate in China have overtaken lithium hydroxide, driven by a resurgence in the lower-cost, power packs that use carbonate but not generally hydroxide. […]
Tesla robotaxis to justify valuation but Tesla Semi waiting for batteries
During Tesla’s fourth-quarter earnings call last Wednesday, Tesla’s CEO, Elon Musk, said there is a “roadmap to potentially justify” its market cap, which has topped $800bn, making it the fifth-most valuable US company. According to Musk, as Tesla’s self-driving technology continues to improve, Tesla vehicles will become self-driving robotaxis, allowing usage to increase from an […]
Batteries that can be assembled in ambient air
The honor of the 2020 Nobel Prize in Chemistry went to those who developed lithium-ion rechargeable batteries. These batteries have become an essential energy source for electronic devices ranging from small IT devices to electric vehicles. Tesla, a leading U.S. automaker, recently emphasized the need to establish an innovative production system and reduce battery cost. […]
General Motors Pledges a Zero-Emissions Light-Duty Vehicle Fleet by 2035
Biggest U.S. automaker will have 30 all-electric models by 2025 and zero out corporate emissions by 2040. General Motors plans to achieve companywide carbon-neutrality by 2040 and sell only carbon-emissions-free light-duty vehicles by 2035, a major step by America’s biggest automaker to align its future with the climate-change imperatives of the international Paris Agreement and […]
Sila Nano Hauls In $590 Million To Make Materials For Better Electric Car Batteries
Sila Nanotechnologies, a Silicon Valley battery materials company cofounded and led by a former Tesla engineer, raised an additional $590 million for the production of its silicon-based anodes that improve the efficiency of batteries for electric vehicles and consumer electronics. The Series F round was led by Coatue Management and boosts Sila Nano’s valuation to […]