Getting climate, energy & environment news right.

Kore Power raises $75M to build lithium-ion battery cells in Arizona
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Kore Power raises $75M to build lithium-ion battery cells in Arizona

"Kore isn’t primarily focused on EVs, although it does plan to supply its battery cells to electric-drivetrain startup ZEVX and potentially to other automakers. It’s also aiming at the stationary-storage market, another market segment that has received a significant boost from tax incentives in the Inflation Reduction Act. In March, Kore acquired Northern Reliability, a storage-system integrator and developer that it has renamed Kore Solutions, to serve these markets." 

Shell to Buy Biogas Producer in $2 Billion Deal
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Shell to Buy Biogas Producer in $2 Billion Deal

"Shell and BP are both looking to use their global oil-and-gas trading arms to reach existing customers willing to pay a premium for cleaner fuel, and to tap new markets as they invest in expanding the biogas businesses. Neither deal changes the dividend or buyback plans of Shell and BP, the companies have said, in a year of huge cash payouts to investors."

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