Japanese automaker Honda announced on Thursday that it will significantly increase its investment in electric vehicle (EV) development, aiming to double its funding to a staggering $65 billion by 2030. This represents a substantial increase from the previous allocation of 5 trillion yen earmarked for EV technology during the same period. Honda’s decision underscores its commitment to shaping the future of mobility and capturing a significant share of the rapidly growing EV market.
The AES Corporation (NYSE: ) has agreed to sell its 47.3% equity interest in AES Brasil to Auren Energia. The sale is part of AES’s strategy to simplify its portfolio and focus on renewable energy investments. AES Brasil operates a 5.2 GW portfolio of renewable energy assets, including hydroelectric, wind, and solar projects. The transaction is expected to close in 4 to 6 months and is subject to customary closing approvals.
The global sodium ion battery market is projected to experience significant growth, with a CAGR of 17.33% during the forecast period. Sodium ion batteries offer advantages such as high energy density, nonflammability, and potential for lower production costs compared to lithium-ion batteries. The energy storage segment, including electric vehicles and energy efficiency applications, is expected to drive market growth. Additionally, sodium ion batteries have potential applications in energy storage services, LED flashlights, and second-life applications. However, challenges such as supply disruptions and higher R&D costs remain.
Catalyst Power, a provider of cleaner energy solutions, has recently expanded its community solar offerings to serve small commercial businesses in Massachusetts. This expansion includes over 5 MW of solar power capacity available through National Grid and Eversource. Community solar allows businesses to benefit from affordable, clean energy without upfront investment or long-term contracts. Participants can subscribe to a share of a larger offsite solar farm and receive electricity credits on their utility bills, potentially saving up to 10%. Interested businesses can contact Catalyst Power at 1-888-789-7250 or via email at contact@catalystpowerholdings.com.
As Europe races to meet its ambitious climate goals and rapidly deploy renewable energy, it is crucial to prioritize community engagement and equitable benefit sharing. Communities must be actively involved in the decision-making processes that affect their well-being and the environment around them. This means going beyond mere consultation and considering the diverse perspectives and concerns of local populations. Developers need to adopt transparent and inclusive approaches throughout the project lifecycle, from spatial planning to project design and implementation. By empowering communities through meaningful engagement and fair benefit-sharing mechanisms, we can overcome opposition and foster broad acceptance of renewable energy initiatives. This will not only accelerate the energy transition but also create social and economic benefits for communities and the environment.
Jetwing Hotels, a leading Sri Lankan hospitality provider, is expanding its solar photovoltaic (PV) installations by 1.6 megawatts (MW) to further its commitment to environmental sustainability. The move will triple the company’s solar power contribution, meeting 24% of its total electricity consumption. The investment underscores Jetwing’s alignment with Sri Lanka’s sustainable development goals and its track record of incorporating renewable energy into operations since 2010. The latest expansions will reduce emissions by over 1,200 metric tons of carbon dioxide annually. Jetwing Hotels’ dedication to sustainable practices has been recognized with the Green Investment Excellence Award from the Green Building Council of Sri Lanka.
Aviramp, a leading UK manufacturer of aircraft boarding ramps and bridges, has secured £1.2 million in fresh orders from Frontier Airlines, a major US carrier. This follows a significant investment of nearly £2 million by Frontier Airlines in Aviramp over the past 18 months. These new orders include nine of Aviramp’s top-rated step-free boarding ramps, further strengthening the partnership between the two companies. Aviramp’s ramps offer numerous advantages, including safety, comfort, reduced turnaround times, and environmental sustainability through their solar-powered design.
In 2023, Astronergy’s ESG Report highlights the company’s commitment to environmental protection, social responsibility, and sustainable governance. Through strategic initiatives, the company achieved notable progress in areas such as carbon footprint reduction, human rights protection, supply chain sustainability, and community engagement.
Leviton’s Network Solutions Business Unit has announced that it has achieved carbon neutrality ahead of schedule. This achievement was accomplished through a three-step process of measure, reduce, and offset. Leviton employed a global sustainability consultancy to measure its carbon footprint and identify areas of potential improvement. The company then reduced its carbon emissions by 55% through investments in clean energy providers and on-site solar power. Finally, Leviton invested in clean energy-focused carbon offset projects to offset the remaining emissions. The company is committed to achieving company-wide carbon neutrality by 2030.
Winsol Engineers, a leading provider of engineering services for renewable energy firms, made a strong debut on the NSE SME platform today. The company’s shares were listed at ₹ 365 apiece, a significant 386% premium over the issue price of ₹ 75 per share. The company’s ₹ 23.36-crore public offer consisted of a fresh issue of 31.15 lakh shares. The issue received robust subscription, with non-institutional investors buying 1,088 times their allotted quota, retail investors picking up 780 times their reserved portion, and QIBs buying 207 times their share.
