- “LG Chem To Build $3 Billion Battery Cathode Factory In Tennessee” • The Inflation Reduction Act continues to drive new investment in America. LG Chem announced that it will build a new $3 billion cathode manufacturing facility in Clarksville, Tennessee. When complete, it will be the largest factory of its kind in the US. [CleanTechnica]
- “Biden Administration Will Give PG&E $1.1 Billion To Help Keep California Nuclear Plant Online” • Nuclear energy in California got financial support from the Biden administration as the US DOE awarded a $1.1 billion grant to Pacific Gas & Electric to help extend the life of its Diablo Canyon Power Plant on the central California coast. [CNN]
- “ESA Mulls Solaris Plan To Beam Solar Energy From Space” • The European Space Agency will this week likely approve a three-year study to see if having huge solar farms in space could work and be cost effective. The eventual aim is to have giant satellites in orbit, each able to generate the same amount of electricity as a power station. [BBC]
- “Fellten Launches As Classic Vehicle Electric Conversion Systems Provider” • Fellten is a combination of two leading firms transforming conventional gasoline and diesel cars into electric vehicles. With operations on three continents, the new business has emerged as the industry leader in the production of electric conversion systems. [CleanTechnica]
- “Enel Unveils 21-GW Green Capacity Goal For 2025” • Enel expects to add around 21 GW of installed renewable capacity by 2025, mostly in its core markets. This puts it on track to reach its decarbonisation targets in line with the Paris Agreement. The group plans to develop its renewables capacity supported by a pipeline of around 425 GW. [reNews]
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