EV

In the Q2 earnings call, LG reported a drop in revenue from Q2 2021 but aims to achieve double-digit profit margin in five years.

Battery manufacturing facilities will be built in Tennessee, Ohio and Michigan to produce EV batteries under the Ultium Cell name.

Canadian startup Capsolar claims its flexible solar modules can be adapted to any type of low-speed electric vehicle with no extra modification and custom work. The panels have an efficiency of 21.3% and rely on 24%-efficient solar cells provided by US manufacturer SunPower.

US scientists have developed a new electrolyte design for sodium-ion batteries to improve their long cycling performance. The low-solvation electrolyte was designed for high-voltage sodium-ion batteries, which retained 90% of their capacity after 300 cycles.

Also on the rise: BLM approves 500 MW Oberon Solar Project on 2,700 acres in California desert. SOLV Energy, SEI partner to empower women in solar. And more.

In the US, Volkswagen partners with Tesla cofounder’s company Redwood Materials to recycle EV batteries; in Germany, Volkswagen launches renewables-powered fast-charging EV park with second-life batteries; and Polestar, Mercedes and BMW release fresh sales figures.

To realize the clean energy opportunity, a national strategy should prioritize accelerating investment in clean energy technologies, physical infrastructure, and vertical supply chains, says RMI.

Also on the rise: No resting on laurels, New York seeks to improve upon successful solar programs. Shipping costs remain key challenge for solar sector. And more.

The largest incentive package in state history will support a vehicle manufacturing project that is designed to reach a 150,000 vehicle per year capacity.

Also on the rise: Minnesota’s value-of-solar law helps protect consumers from rising natural gas prices. Massachusetts bill would eliminate clean energy choice. And more.