Conduit Power, LLC, and Riley Exploration Permian, Inc., have announced definitive agreements to broaden the scope of their joint venture (JV), RPC Power, LLC. This expansion is set to increase RPC Power’s operations in power generation and storage, directly supplying the Texas power grid operator, ERCOT. The partnership aims to deploy 100MW of natural gas-fueled […]
Hindalco Industries, the world’s largest aluminium rolling and recycling company, is making a monumental stride in serving the burgeoning electric vehicle (EV) and energy storage markets. The company has announced an Rs.800 crore investment to construct a new plant near Sambalpur in Odisha. This facility is set to produce 25,000 tonnes of high-quality aluminium foil, […]
FREYR Battery, a global front-runner in next-generation battery cell production technology, has disclosed the receipt of a €100 million grant from the European Union (EU). This significant funding will be directed towards the development of FREYR’s Giga Arctic project in Norway and is part of the EU’s effort to encourage local battery solution production. The […]
Sensata Technologies, an NYSE-listed industrial technology company has wrapped up its previously announced acquisition of energy storage systems manufacturer Spear Power Systems. The financial terms of the deal, which was announced in August 2021, were not disclosed. Spear Power Systems is engaged in developing lithium-ion battery storage systems for demanding land, air, and sea applications. […]