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Qatar invests $125M in energy storage company Fluence

Green Car Congress

Fluence, the global energy storage solutions joint venture between Siemens and AES, announced that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction.

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Williams F1 and Kinetic Traction Systems partner to advance composite flywheel energy storage technology for rail and grid applications

Green Car Congress

KTSi) have signed a long-term cooperation Agreement to advance and promote innovative, clean flywheel-based energy storage and recycling systems for mass transit rail and grid applications. The two companies will work to globally promote composite flywheel technology. —Alex Burns, CEO of Williams F1.

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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Further, natural gas can be used to keep the power grid stable as solar and wind power fluctuate.

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ABB charges into the future with Formula E

Charged EVs

The global electric racing championship Formula E has been a huge success by any measure. A lot of what we do with Formula E, we’ll pull the lessons learned and the improvements to our mass-market chargers or equipment,” ABB Global E-Mobility Executive Stephanie Medeiros told Charged. From the racetrack to the street. “A