BYD To Foray Into Indian Electric Vehicles Market

BYD, the world’s largest electric carmaker by volume, is set to enter the mainstream Indian car market with an electric SUV. BYD will assemble its electric cars in India at its facility in Sriperumbudur, near Chennai, Tamil Nadu. The Chinese EV maker BYD, which currently sells the e6 electric MPV to corporates and fleet operators,

Amazon inks green hydrogen deal with Plug Power

Plug Power, a hydrogen tech outfit linked to Australian billionaire Andrew Forrest has inked a supply deal with online retail giant Amazon. The new deal will see Plug Power provide liquid green hydrogen starting in 2025, to help Amazon decarbonise its operations in line with its commitment to be net-zero carbon by 2040. The deal

NYK bets big on technology to convert garbage onboard into biofuels

Nippon Yusen Kaisha (NYK) is looking at converting waste onboard into energy. Japan’s second largest shipping line by dwt has invested in Sustainable Energy, which operates an energy supply business using unused resources such as flammable waste generated in cities. Sustainable Energy has developed its own integrated subcritical-water organic-waste power-generation system, or ISOP system, which

Germany flags off world’s first hydrogen-powered passenger train

Coradia iLint with fleet of 14 trains, manufactured by French company Alstom, were flagged off in the German province of Lower Saxony in Germany. They will operate between the northern towns of Cuxhaven, Bremerhaven, Bremervoerde and Buxtehude. The hydrogen-powered trains have a “range of 1,000 kilometres”, can clock a top speed of “140 kph” and

IPSC deepens partnership with California Ethanol + Power (CE+P)

IHI Power Services Corp. (IPSC) announced that it has deepened its partnership with California Ethanol + Power (CE+P) via a 15-year asset management deal to oversee its forthcoming Sugar Valley Energy campus outside of Brawley, California. The project is expected to produce approximately 70 million gallons of extremely low-carbon, fuel-grade Essential Ethanol™ from locally grown

Geely Auto secures $400m sustainable club loan for green transition

Geely Automobile Holdings Ltd (Geely Auto) has become the first Chinese automaker to secure an overseas sustainable club loan. The three-years $400 million facility will be used to support Geely Auto’s R&D of technologies and production of vehicles in new energy segment, enabling the company achieve its carbon neutrality goal by 2045. The oversubscribed club

Russia burns off millions of dollars in gas

Russia is burning an estimated $10 million worth of natural gas a day near its border with Finland, even as it threatens to push Europe into a winter energy crisis by restricting exports to Germany and other countries. According to analysis of heat levels and satellite data by Rystad Energy, State gas giant Gazprom is

JERA signs new deal with Russia for LNG deliveries

Japan’s JERA has signed a deal with the new operator of the Sakhalin-2 energy project in Russia to maintain long-term deliveries of liquefied natural gas (LNG). Russian President Vladimir Putin signed a decree in June taking charge of the project, creating a new legal entity to deal with for buyers and shareholders, which include Shell

“K” LINE conducts trial use of marine biofuel

Kawasaki Kisen Kaisha, Ltd. announced that it has conducted a trial use of marine biofuel which was supplied by pioneering marine biofuel supply company GoodFuels on Supramax bulker “ALBION BAY” with the cooperation of JFE Steel Corporation. This is second successful trial use of marine biofuel by “K” LINE vessel. “K” LINE signed a deal

It’s high time to rev up renewable energy sources

Wind and solar are the renewable sources of energy, which emit very tiny or no greenhouse gases. They are readily available and much cheaper than coal, oil and gas. Indeed, the fossil fuels like coal, oil and gas are the worst contributors to global climate change. Theay account for over 75 percent of global greenhouse