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6Apr By NitishNo Comments

Automobile

LFP Battery: Future of Electric Vehicle

The battery manufacturing technology is rapidly evolving by the day to offer the features required to facilitate the shift to a more sustainable way of storing and using power. In this process of the development of new technologies, Lithium Iron Phosphate (LFP) is the one that is gaining popularity among consumers today. Recently, Tesla changed its battery chemistry and made a shift to LFP battery with an aim to increase vehicles efficiency and make them cheaper. Roughly speaking, affordable lithium-ion batteries typically have between 500 and 3000 life cycles. While premium Lithium Iron Phosphate LFP batteries can last anywhere from 3500 to over 4000 cycles. LFP batteries are manufactured by using lithium iron phosphate (LiFePO4) as the cathode material and a graphite carbon electro...

Hero Future Energies Raises $125 Million From IFC

Renewable energy firm Hero Future Energies announced raising USD 125 million from International Finance Corp (IFC) for expanding its clean power generation capacities. IFC is picking up equity stake in the company at an investment of USD 125 million, Chairman and Managing Director of Hero Future Energies, the renewable energy arm of Hero Group, Rahul Munjal told reporters here. However, Munjal did not disclose the quantum of minority equity stake to be given to IFC. He said the investment will help the company expand its renewable energy capacity, provide jobs and facilitate private sector development in renewable energy. IFC, together with IFC Global Infrastructure Fund, a private equity fund managed by IFC Asset Management Company, will invest USD 125 million in equity, enabling ...

Japan’s SoftBank bags first solar power project in India

NEW DELHI--(BUSINESS WIRE)-- SB Energy, (formerly known as SBG Cleantech), a three-way joint venture between Japan-headquartered telecommunications and Internet major SoftBank Group Corp. (“SoftBank”), leading Indian business conglomerate Bharti Enterprises Limited (“Bharti”) and Taiwan-based top design and manufacturing services provider Foxconn Technology Group (“Foxconn”), won the NTPC bid to develop a 350MW solar plant under the Phase-II, Batch-II, Tranche-I of National Solar Mission at a 25-year tariff of Rs. 4.63/ kWh. The project is to be developed in the Ghani Sakunala Solar Park, Kurnool District in the state of Andhra Pradesh. This is SoftBank’s first step towards realising its $ 20 billion commitment to promote clean and safe energy in India. This solar project, under the flag...