Ford expects to build over 2 million electrified vehicles yearly and achieve an adjusted operating profit margin of 10% by 2026. Both objectives would represent a significant improvement over the business’s existing…
Category: Energy
BP makes a £50 million investment in a brand-new battery testing facility for electric vehicles
In 2021, it was estimated that there was $46.03 billion dollars worth of electric vehicle batteries sold worldwide. The market for EV batteries is anticipated to grow significantly over the course of…
With EBRD assistance, Montenegro implements a scheme for renewable energy auctions
To achieve decarbonization, which entails changing the energy industry, transportation, as well as industry, the Government of Montenegro pledged in 2021 to reduce GHG (greenhouse gas) emissions by 35 percent below 1990…
Siemens Energy has been awarded the largest grid connection contract to date
Siemens is committed to further up its current efforts to achieve real-world decarbonization along its whole value chain. By doing this, the corporation is pursuing the science-based reduction strategy that the Science…
Blockchain charging for electric vehicles is developed by VW and Energy Web
Distributed ledgers, also known as blockchains, are a new technology that has piqued the interest of many organizations, including national governments, financial institutions, startups, and companies that supply the energy industry. Numerous…
Morocco will launch a “gigafactory” for batteries for electric vehicles
A gigafactory is a large manufacturing facility that manufactures lithium-ion batteries for energy storage, electric vehicles (EVs), as well as other battery-powered gadgets on an enormous scale. Elon Musk, the creator of…
Texas Solar Market Expansion by GAF Energy
The debut of Timberline SolarTM, GAF Energy’s next-generation solar roof, was announced in 2021. Only Timberline Solar™, which only needs a nail gun for installation, is a roofing system that directly incorporates…
To switch to electric vehicles by 2035, retrofitting is an option
To convert current gasoline or diesel-powered vehicle to electric vehicle (EV) is known as EV retrofitting. The technique entails replacing the original engine and other relevant parts and putting a new alternative energy…
The Automobile Giants Competing for Control of EV Markets
As electric vehicles (EVs) are the way of the future for road transportation, several automakers around the world are investing heavily in EVs. As the number of EVs on the road rises,…
Clenergy and SolarLuna sign an agreement for master distribution in Europe
With a lot of room for growth, Europe is a desirable market for solar PV. Additionally committed to achieving carbon neutrality by 2050 is the European Union. The PV market is anticipated…