For years, the scarce resource in AI was chips. Now it is power. Verse Enterprises wants to unblock that bottleneck. The San Francisco startup has raised an oversubscribed $54mn Series B. Bessemer Venture Partners led the round. GV, Nvidia and Norrsken…
General Motors is pushing into energy storage for data centres and the electrical grid, announcing a sodium-ion battery development partnership with Peak Energy, a lithium iron phosphate supply deal with LG Energy Solution, and an expanded relationship…
China wants its electric vehicles to go on a diet. The average passenger car in the country weighed 1,704 kg in 2024, roughly a third more than in 2012, state broadcaster CCTV reported on Sunday. Many popular SUVs and MPVs now approach or exceed 2 metr…
Hidden among the landmarks of General Motors’ Warren Tech Center outside Detroit is a pair of nondescript off-white buildings that house the company’s most consequential investment in years. The new Battery Cell Development Centre, spanning 500,000 squ…
Fast charging has a heat problem. You’ve felt it before: your phone gets hot while navigating in the car, your MagSafe battery pack turns into a hand warmer during a Zoom call, or charging suddenly slows because thermal throttling kicks in. As smartpho…
ContourGlobal, the independent power producer backed by KKR, has inaugurated a nearly $500 million solar-and-storage facility in Chile’s Atacama desert that stores daytime solar energy and delivers it after sundown. The Victor Jara hybrid plant combine…
Ferrari has unveiled the Luce, its first fully electric car, featuring 1,050HP, futuristic styling, advanced aerodynamics, and a design already dividing enthusiasts.
Amprius Technologies, the Fremont-based maker of high-energy-density silicon anode batteries, has announced a partnership with Matternet, one of the few drone delivery companies to hold both FAA Type Certification and Production Certification. The co…
Europe’s largest bank is putting a dedicated facility behind Chinese solar, battery, EV and data-centre exporters expanding overseas, citing demand that has accelerated alongside the Iran war. HSBC has set up a dedicated $4bn credit facility to help Ch…
Deepak Ahuja, the chief financial officer who took Tesla public in 2010 and served two terms steering its finances through the most volatile period in automotive history, has joined Redwood Materials as CFO. He told TechCrunch it is “too early” to ta…