CANADIAN SOLAR SUBSIDIARY RECURRENT ENERGY COMPLETES SALE AND BREAKS GROUND ON THE SLATE PROJECT, EXPECTED TO BE ONE OF THE LARGEST PV + BATTERY STORAGE PROJECTS IN THE U.S.

Project will provide low-cost solar power and grid reliability support to California   Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ) today announced that its wholly-owned subsidiary, Recurrent Energy, completed the sale of the Slate project to Goldman Sachs Renewable Power LLC (“GSRP”). Revenue from the transaction will be recognized in Q1 2021 and Read more…

Battery Technology Company Romeo Power Goes Public in a $900 Million SPAC Deal

The California-based battery technology company, Romeo Power, announced that it has completed its ‘business combination’ with RMG Acquisition, becoming a public entity in the process. RMG Acquisition is a special purpose acquisition company (SPAC). According to the announcement, the merger is worth $900 million (~₹65.97 billion). Romeo Power raised approximately Read more…

Secretary (Petroleum and Natural Gas), GoI inaugurates North India’s First-of-its-kind public charging station in Panchkula

To promote the use of electric vehicles (e-vehicles) in Haryana, the first e-charging station in the state was inaugurated here on Monday by Ministry of Petroleum and Natural Gas Secretary Tarun Kapoor. The station is housed at the Renewable Energy Building here. In this e-charging station, free charging facilities will Read more…

Startup develops AI system to repair electric vehicle battery

Automatically identifies, repairs defects in lithium-ion batteriesThe IIT Hyderabad-incubated startup PURE EV has developed an artificial intelligence-driven hardware that automates identification and repair of defects in lithium-ion batteries of electric vehicles. This next-generation technology completely does away with the requirement for customers to visit service centres to address battery defects. Read more…