“COVID-19 is going to go away at some stage,” he added, saying Siemens is one of the world’s biggest investors in technology R&D, spending more than 5.4 billion euros ($6.11 billion) per year ZURICH: Siemens is maintaining its investment in research and development despite the economic slowdown and reduced energy consumption caused by the global […]
Coronavirus crisis can trigger collapse of $25 trillion fossil fuel industry
The coronavirus crisis can cause $25 trillion fossil fuel industry collapse by accelerating a terminal decline for the world’s most polluting companies. A study has found that the value of the world’s fossil fuel reserves could fall by two-thirds, sooner than the industry expects, because the crisis has hastened the peak for oil, gas and […]
Plunging cost of wind and solar marks turning point in energy transition – IRENA
The Agency said the attractive prices of renewables relative to fossil fuel power generation could help governments embrace green economic recoveries from the shock of the coronavirus pandemic LONDON: Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms increasingly cheaper to build than […]
Covid a blessing in disguise for electric mobility: Hero Electric CEO
Hero Electric’s CEO also believes that the startups associated with electric and sustainable mobility will get through the crisis with signs of normalcy reappearing NEW DELHI: Coronavirus crisis could be an opportunity in disguise for sustainable mobility to flourish in India, thinks Sohinder Gill, director general of SMEV. In an exclusive interview to TOI, Gill […]
DEWA increases strategic cooperation with Huawei on AI and digital transformation
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) has held a video conference with Charles Yang, President of Huawei Middle East; Marwan Bin Haidar; Executive Vice President of Innovation and the Future at DEWA; Mohammad Bin Sulaiman, CEO of Data Hub Integrated Solutions (Moro), a fully-owned subsidiary […]
Coronavirus impact: Gautam Adani sees COVID-19 as opportunity for faster transition to clean energy
“While the immediate economic impact may slow us down, we are presented with an opportunity to pause, rethink, and design a new and faster transition to a low-carbon future,” Billionaire Gautam Adani said Billionaire Gautam Adani on Thursday said COVID-19 had an immediate economic impact but the pandemic presents an opportunity to design a new […]
NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL
In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, “NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)” New Delhi: State-owned power giant NTPC has decided to foray in electricity distribution business by evincing interest to […]
BattRe Electric launches internet-connected scooter at Rs 64,990
The e-scooter has features such as remote immobilisation, geofencing, secure parking, etc. Setting a speed lock would push alerts whenever the speed limit is crossed, he said Mumbai: Technology-driven startup BattRE Electric Mobility on Friday announced the launch of its internet-connected electric scooter ‘gps:ie,’ priced at Rs 64,990 (ex-showroom). BattRE gps:ie scooter, which is a […]
Renewable firms in Mexico must contribute to grid backup: CFE chief
Manuel Bartlett, director of the Comision Federal de Electricidad (CFE) and staunch defender of the state, told Reuters he favors more clean energy and wants to reduce Mexico’s use of fuel oil as a major source of power generation MEXICO CITY: Private renewable energy firms in Mexico should pay for part of the baseload power […]
How coronavirus could accelerate shift to electric cars
As one of the most logistically complex industries in the world, with more than 10,000 suppliers involved in a vehicle’s value chain, it’s perhaps unsurprising that the automotive sector took such a hit The coronavirus crisis has seen car sales plummet, with sales in China falling by a record 79 per cent in February and […]