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Global Power Company AES Raises $1.58B Through Stock Sale to China Investment Corp; Approx. 15% Stake

Green Car Congress

Global power company AES Corporation entered a binding stock purchase agreement with a wholly owned investment subsidiary of China Investment Corporation ( CIC ) to raise $1.58 billion of new equity to fund growth opportunities and extend its global leadership in the power sector. At close, CIC will acquire 125.5

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Wallbox enters first phase of build-out for US EV charger plant; 500k units/year by 2025

Green Car Congress

Wallbox, a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, has begun construction at its Arlington, Texas manufacturing facility, the company’s first US-based EV charger manufacturing facility. Between all facilities, Wallbox is expected to have a global production capacity of more than 1.1

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Celebrating the Life of University of Texas Professor Mo-Shing Chen

Cars That Think

Mo-Shing Chen , a world-renowned power engineering educator and researcher, died on 1 May at the age of 91. The IEEE Fellow was a professor at the University of Texas at Arlington for more than 40 years. as a power engineer in Wulai. Chen created UTA’s first Ph.D. Chen created UTA’s first Ph.D.