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SAN DIEGO, CA–(Marketwired – Jun 2, 2015) – PowerGenix, the leading supplier of high performance, automotive Nickel-Zinc (NiZn) batteries, today announced it has completed a comprehensive product evaluation test plan with Institute of Automotive Mechatronics GmbH (IAM), a part of the Institute of Automotive Technologies Dresden (IAD), at the Technische Universität Dresden (TUD). IAD evaluated NiZn performance capabilities to meet all the requirements of a 12V auxiliary power unit for plug-in hybrid electric (PHEV) and all-electric vehicles (EVs), as well as a 12V starter battery for stop-start applications.

Read more at: http://finance.yahoo.com/news/powergenix-nickel-zinc-battery-passes-120000390.html

May 31 (Reuters) – General Electric Co has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets as a part of its broad retreat from its finance businesses, sources familiar with the situation said on Sunday.

Read more at: http://www.reuters.com/article/2015/06/01/general-electric-lending-idUSL1N0YM0FD20150601

“Investing in coal companies poses both a climate-related and economic risk,” said Svein Flaatten, a Conservative member of the committee.

Read more at: http://www.bloomberg.com/news/articles/2015-05-27/biggest-wealth-fund-faces-coal-limits-as-norway-agrees-on-curbs

According to GE, the system is expected to help the IESO balance longer duration voltage and frequency irregularities in the area. Although it was engineered primarily to provide ancillary power services, including voltage control, reactive power support, frequency regulation and ramp rate control, the control system also offers energy related services, such as peak shaving and load shifting, depending on the IESO’s needs.

Read more at: http://nawindpower.com/e107_plugins/content/content.php?content.14268

NEW DELHI German development bank KFW could lend India $1.1 billion for rooftop solar projects, on top of another loan it has extended to help the Asian country fund its ambitious green energy plans, India’s top renewable energy bureaucrat told Reuters.

Read more at: http://www.reuters.com/article/2015/05/12/us-india-solar-kfw-idUSKBN0NX1KY20150512

Chennai, April 9:

About thirty scientists from all over India met in Bengaluru on Tuesday to discuss ‘the way forward’ in an emerging cheap and clean source of energy, called ‘low energy nuclear reactions’, or simply ‘cold fusion’. The meeting was chaired by Dr Anil Kakodkar, former Chairman of the Department of Atomic Energy.

Scientists warming up to ‘cold fusion’, see potential in ‘other nuclear’ energy | Business Line.

The stated goal of the Joint Center for Energy Storage Research (JCESR), one of the U.S. Department of Energy’s Innovation Hubs, comprising 14 partner institutions led by Argonne National Laboratory (ANL), is to develop the battery of the future.

The need for better batteries is obvious:  To modernize the electrical grid so that more renewable energy can be sourced and delivered, thereby reducing our dependency on fossil fuels; and to accelerate the electrification of vehicles, thereby reducing greenhouse gas emissions as well as the consumption of fossil fuels. And if a significant fraction of vehicles were electrified, the grid would need to be upgraded anyway just to handle the load. The need for better batteries is not just about technical superiority, however. It’s also about economic security.

Read more at: http://www.forbes.com/sites/neilkane/2014/12/14/innovating-a-new-innovation-model/

Oct 20 (Reuters) – China’s second biggest steelmaker Baoshan Iron & Steel Co Ltd (Baosteel) said it had won a contract to supply pipes for a natural gas pipeline running from Turkey to Azerbaijan.

Read more at: http://in.reuters.com/article/2014/10/20/baosteel-contract-idINL3N0SE12Z20141020