Storage

When you hear the term “Smartcoast,” chances are you think of the West Coast and Silicon Valley—West Michigan probably isn’t the first place that comes to mind. In recent years, however, the Lake Michigan shoreline has become a hub for the lithium-ion battery technology found in electric cars, RVs and specialty vehicles. This success is...
Infrastructure

By Iain Rogers and Arne Delfs, Bloomberg Chancellor Angela Merkel’s government and German automakers agreed to increase cash incentives for electric cars, intensifying an effort to move away from the combustion engine and reduce harmful emissions. A so-called environment bonus will jump by 50% to as much as 6,000 euros ($6,680) per electric vehicle and the...
Microgrids

PowerGen Renewable Energy (PowerGen), a company that develops, manages and supports micro-utilities in Africa, announced that it received Series B investment from Shell New Energies, as well as Omidyar Network, Acumen, Renewable Energy Performance Platform (REPP), EDFI ElectriFI, Sumitomo Corporation, DOB Equity, and Micro-grid Catalytic Capital Partners (MCCP). The company said the funds will strengthen...
Solar

By Jennifer A. Dlouhy, Bloomberg President Donald Trump formally began the process of withdrawing the U.S. from the Paris climate accord on Monday, a move announced in 2017 that will take another year to complete. The State Department formally submitted a request to withdraw from the pact signed by roughly 200 countries on Monday, the earliest date Trump...
Solar

By Shery Ahn and Dan Murtaugh, Bloomberg Singapore’s state-owned power grid operator wants to build more connections to neighboring countries to tap their greater potential for renewable energy. Nations like Malaysia and Indonesia have ample spare land for solar panels and enough wind to power turbines, both things that Singapore is lacking, Wong Kim Yin, chief...