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Battery maker Northvolt makes progress toward longer-term bankruptcy financing
23 Dec 2024

Battery maker Northvolt makes progress toward longer-term bankruptcy financing

Swedish electric-vehicle battery maker Northvolt said on Friday it expects to line up additional bankruptcy financing by late January after engaging with over 100 lenders and potential investors. 
US AI task force co-chair asks FERC to support co-located data centers - letter

US AI task force co-chair asks FERC to support co-located data centers - letter

09 Dec 2024
A co-chair of the U.S. Congressional artificial intelligence task force urged federal energy regulators this week to support the development of data centers directly connected to power plants, citing national security and competition for global AI dominance.
US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

03 Dec 2024
The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.
How AI and cloud computing may delay the transition to clean energy

How AI and cloud computing may delay the transition to clean energy

22 Nov 2024
A spike in electricity demand from the world’s big data providers is raising a worrying possibility for the world’s climate: a near-term surge in fossil-fuel use.
Volkswagen investment chief steps down from Northvolt board

Volkswagen investment chief steps down from Northvolt board

12 Nov 2024
The head of investments at German auto maker Volkswagen is leaving the board of Sweden’s Northvolt, the  Swedish battery maker said on Monday, confirming media reports.
Developing an effective business energy strategy
06 Nov 2024

Developing an effective business energy strategy

With the value of energy management higher than ever before, there are several ways that facilities managers can build an effective energy strategy
Hydrogen’s place in the Net Zero puzzle

Hydrogen’s place in the Net Zero puzzle

01 Nov 2024
Governments and businesses must trust in the ability of hydrogen to overcome initial economic hurdles, achieve scale and successfully play a part in achieving Net Zero
Chinese automaker Geely steps up challenge to BYD with new hybrid tech

Chinese automaker Geely steps up challenge to BYD with new hybrid tech

30 Oct 2024
China’s Geely Automobile Holdings took the wraps off its latest hybrid technology on Wednesday, boasting some better fuel economy and driving range figures than rival technology from local plug-in hybrid champion BYD.
Exclusive-Northvolt in talks for about 200 million euros in funding, sources say

Exclusive-Northvolt in talks for about 200 million euros in funding, sources say

11 Oct 2024
Northvolt is in talks with investors and lenders to secure about 200 million euros ($218 million) in short-term funding, three sources familiar with the matter said, as the cash-strapped Swedish battery maker seeks to stabilise its finances.
Space startups see funding growth as investors bet on capex-intensive ventures, report says

Space startups see funding growth as investors bet on capex-intensive ventures, report says

10 Oct 2024
Space startups raised $1.9 billion in the third quarter, up nearly a fifth from a year earlier, fueled by strong investor interest in rocket launchers and satellite manufacturers, according to a Seraphim Space report on Thursday.
Analysis-Rio Tinto's real prize: Arcadium's lithium extraction technology
10 Oct 2024

Analysis-Rio Tinto's real prize: Arcadium's lithium extraction technology

Rio Tinto’s $6.7 billion buyout of Arcadium will give it a suite of lithium filtration technologies that are poised to revolutionize how the metal is produced for the electronics and electric vehicle industries.
Singapore to mandate digital bunker notes starting April 2025

Singapore to mandate digital bunker notes starting April 2025

09 Oct 2024
Marine fuel suppliers at Singapore, world’s largest bunker hub, will be required to provide digital bunkering services and issue electronic bunker delivery notes starting April 1, 2025, Amy Khor, Singapore’s senior minister of state for transport, said at the SIBCON 2024 conference. 
Analysis-US nuclear plants won't power up Big Tech's AI ambitions right away

Analysis-US nuclear plants won't power up Big Tech's AI ambitions right away

25 Sep 2024
A plan by Microsoft to use the restart of a Three Mile Island nuclear reactor to help power its expanding data centers reflects the tech industry’s hopes nuclear energy can be a quick and climate-friendly answer to its massive electricity needs.
Microsoft, BlackRock to launch $30 billion fund for AI infrastructure

Microsoft, BlackRock to launch $30 billion fund for AI infrastructure

18 Sep 2024
BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday.
Hedge Funds Slash Oil Futures Positions Amid Slowing Demand and Rising Supply Concerns

Hedge Funds Slash Oil Futures Positions Amid Slowing Demand and Rising Supply Concerns

06 Sep 2024
Hedge funds and portfolio managers have significantly reduced their long positions in oil futures over the past two months, driven by concerns about slowing global demand and rising supply.

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