Ohio plans to offer approximately USD 156.3 million in tax incentives and infrastructure improvements for a massive battery plant project that Honda Officials say the battery plant, to be built jointly with LG Energy Solution of South Korea, will be located in rural Fayette County, about 40 miles (64 kilometres) southwest of the state capital […]
Stark Library gets electric-vehicle charging station
CANTON Stark Library has installed a ChargePoint electric-vehicle charging station at the Main Library, 715 Market Ave. N. Patrons and visitors with electronic vehicles can charge their vehicles for free when they download the ChargePoint app. Derek Gordon, director of special projects for the library, collaborated with AEP Ohio to acquire a grant allowing the […]
Korea’s LG to invest $4.5 billion in its US battery business
The Korean company, which has a joint venture with U.S. automaker General Motors, said the investment will help create 10,000 jobs, including subcontractors. NEW YORK – LG Energy Solution says it will invest more than $4.5 billion in its U.S. battery production business by 2025 as automakers ramp up production of electric vehicles. The Korean […]
Amazon Clicks Buy on 615 Megawatts of Large-Scale Solar
Tech giant may reach its 100 percent renewables goal five years early, but environmentalists remain skeptical of its climate goals. Amazon will add 615 megawatts of solar projects to its existing and announced renewables portfolio of more than 2.9 gigawatts, the technology and shipping giant said on Thursday. The projects will go up across the […]
CIT Group Provides $217 Mn Financing for 200 MW Solar Project in Ohio
Innergex Renewable Energy has closed construction financing, a tax equity commitment, and secured a seven-year term loan facility for the 200-MW Hillcrest solar project in Brown County, Ohio. The $191.8 million financing was led by CIT’s Power and Energy group and includes MUFG and Mizuho, as well as Wells Fargo as the tax equity investor. […]
GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio
WARREN, Mich. : General Motors Co (GM.N) and South Korea’s LG Chem (051910.KS) said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities. The plant, to be built near GM’s closed assembly plant in Lordstown in northeast […]
Ohio House Passes Trump-Backed Bill to Bail Out Nuclear Plants
With the Trump administration’s efforts to prop up coal and nuclear capacity having stalled, Ohio legislators are looking to throw a lifeline to FirstEnergy’s nuclear plants. Ohio state lawmakers are moving ahead on a bill that would gut the state’s renewable energy and energy efficiency funding in order to bail out nuclear power plants owned […]