Estonian energy storage tech firm Skeleton Technologies will build a new factory, planned by Siemens, for supercapacitors near Leipzig, Germany, with production to begin in 2024, the company said on Tuesday. Like batteries, supercapacitors are used to store and release energy, but at smaller quantities and faster speeds. Skeleton Technologies uses aluminium and a carbon-based… Continue reading Estonia’s Skeleton to build Siemens-designed supercapacitor factory in Germany
Author: Economic Times of India Online News
India’s thrust on EVs to up copper demand, fuel imports
Chennai: India’s push for EVs, railway electrification and green energy could result in higher demand for metals, especially copper. With domestic copper production remaining stagnant, it would reflect in higher copper imports, thereby resulting in stress on the nation’s forex reserve, say industry experts. Indian Railways aims to achieve 100% electrification on all existing routes… Continue reading India’s thrust on EVs to up copper demand, fuel imports
National highway construction likely to be around 32-34 km/day during this fiscal: Crisil
The pace of national highway (NH) construction in the country had touched a record 37 km per day in 2020-21. New Delhi: India’s national highway construction will likely reach only 32-34 km per day during the current financial year as input prices are expected to remain elevated, rating agency Crisil said on Monday. The rating… Continue reading National highway construction likely to be around 32-34 km/day during this fiscal: Crisil
Renewable energy firm GreenZo Energy to develop 50-MW hydrogen capacity in Nepal
Under the agreement, API Power has proposed sites of existing hydro and solar projects to be used for the hydrogen initiative. New Delhi: Home-grown renewable energy player GreenZo Energy will set up green hydrogen capacities totalling 50 megawatt (MW) at various locations in Nepal. The capacities will be set up for Nepal’s API Power which… Continue reading Renewable energy firm GreenZo Energy to develop 50-MW hydrogen capacity in Nepal
Auto & Chemical sectors most exposed to high commodity prices: Moody’s
According to the rating agency, semiconductor shortages since 2021 that have weighed on auto production will ease through year-end 2022, with better availability of these components for automotive manufacturers and auto part suppliers. New Delhi: Rising raw material costs, declining profitability and higher working capital intensity as a result of high commodity prices are having… Continue reading Auto & Chemical sectors most exposed to high commodity prices: Moody’s
Foxconn considering skill building institute in India
This matter came up during a discussion on India’s young population and the demographic dividend it offers, the country’s expanding EV ecosystem and the rapidly growing market, the people said. Foxconn is mulling setting up a skill development centre in India, possibly similar to its Hon Hai Research Institute in Taiwan, as the contract manufacturing… Continue reading Foxconn considering skill building institute in India
Construction of 14 EV charging stations begins in Delhi
Representative image The Delhi government has started building electric vehicle (EV) charging stations at 14 cluster scheme bus depots, reported TOI on Monday. According to the report, the construction of these charging stations has started at various places including bus depots at Rajghat, Chattarpur, Dwarka Sector-22, Seemapuri, Dilshad Garden, Kair, Dhichau Kalan, Rani Khera, Kanjhawala,… Continue reading Construction of 14 EV charging stations begins in Delhi
Jobs generated under MGNREGS stay high
Even the person-days work generated under MGNREGA was 29% higher in June compared with 319 million in June 2019. Employment generated under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) remained high for the second consecutive month in June, reflecting instability in the rural labour market. Data from the Mahatma Gandhi National Rural Employment Guarantee… Continue reading Jobs generated under MGNREGS stay high
Three vehicle-scrapping units to come up in Gujarat
Ahmedabad: The state transport department has sanctioned three registered vehicle scrapping facilities (RVSFs) and automated testing units for the ‘end-of-life’ vehicles. Two facilities will be set up in Kheda and one in Bhavnagar. Estimated to cost around Rs 17 crore per facility, each will come up on a one-acre land. The vehicle scrapping policy will… Continue reading Three vehicle-scrapping units to come up in Gujarat
Global central banks ramp up inflation fight
Central bankers around the world are lifting interest rates at an aggressive clip as rapid inflation persists and seeps into a broad array of goods and services, setting the global economy up for a lurch toward more expensive credit, lower stock and bond values and – potentially – a sharp pullback in economic activity. It… Continue reading Global central banks ramp up inflation fight