Ahmedabad-based Matter has raised $10 million in its latest round of funding. The electric two-wheeler and energy storage solutions start-up raised funding from a diverse set of investors including Capital 2B Fund1 , a technology fund backed by Infoedge; Climate Angels Fund, and other marquee Indian and overseas HNI's. The new investors join the founders and existing investors including Baring Private Equity Partners as it gears up to introduce the brand's first electric offering later in the year. Also Read: Exclusive: Matter's New Electric Motorcycle To Be Unveiled In September (L-R) Matter co-founders - Kumar Prasad Telikepalli, Mohal Lalbhai, Saran Babu, Arun Pratap Singh Matter says the new round of investment will be utilised towards launching electric mobility and energy storage products designed and innovated for India and the world using a completely new ground-up approach. Commencing operations in 2019, the company has invested about $7.5 million towards … [Read more...] about Matter Raises $10 Million In New Investment Round To Scale Up E-Mobility & Energy Storage Businesses
Why is affordable and clean energy important
Supreme Court decision may slow transition to cleaner energy
This is a carousel. Use Next and Previous buttons to navigate 3 NEW YORK (AP) — The Supreme Court ruling limiting the Environmental Protection Agency’s authority to regulate greenhouse gas emissions from power plants could have far-reaching consequences for the energy sector — and make it harder for the Biden administration to meet its goal of having the U.S. power grid run on clean energy by 2035. The nation has been gradually transitioning away from coal to cleaner sources of electricity such as natural gas, solar energy and wind, often because they are less expensive. Most experts don't think the Supreme Court decision in West Virginia vs. EPA will immediately reverse that trajectory. But the ruling could slow the transition to clean energy in the future because it imposes constraints on what the EPA can do without exceeding its legal authority. That is a frightening prospect, with climate experts warning of dire consequences as global … [Read more...] about Supreme Court decision may slow transition to cleaner energy
Singapore imports clean power for first time, buying from Laos
A light art installation titled Firefly Field by TOER of Netherlands displayed along Marina bay promenade during preview of - i Light Singapore event in Singapore on June 1, 2022. (Photo: AFP) Singapore began receiving hydropower from Laos wired through Thailand and Malaysia on Thursday, the city-state’s first renewable electricity imports as it looks beyond its borders to meet climate change goals. Singapore is receiving up to 100 megawatts, the Energy Market Authority said in a press release, or enough for a little more than 1% of peak demand. The land-starved country hopes it's the first step to expanding low-carbon power imports to as much as 4,000 megawatts by 2035, or about 30% of its needs. The electricity is being generated by Electricite du Laos hydropower dams and sent through existing grid interconnections across Thailand and Malaysia. Keppel Electric Pte signed a two-year power purchase agreement and received the first electricity importer license issued by … [Read more...] about Singapore imports clean power for first time, buying from Laos
5 expert tips for maximizing your cleaning routine
(BPT) - Face it — as much as you enjoy having a clean home, limited time and energy can make cleaning seem like a never-ending chore. However, there are some tips and tricks that can help you optimize your time for better results, so you can get back to doing what you love. Try these pro tips to help you become more efficient with your cleaning routine. 1. Schedule it Just as you schedule important appointments on your calendar, make sure to block off time for at least one regular cleaning session each week, so you don’t run into the end-of-the-weekend panic or go into a whirlwind of cleaning when someone’s about to drop by. Set aside time for a full-home run-through to pick up clutter, dust and vacuum. Allow extra time on high-traffic rooms where cleanliness is especially important, like the kitchen and bathrooms. 2. Delegate it You don’t have to do it all. Get everyone in the household involved in your cleaning efforts. Make sure to be specific and clear about what … [Read more...] about 5 expert tips for maximizing your cleaning routine
Romania spies energy opening in Europe
Workers in a training simulator at the nuclear power complex in Cernavoda, Romania. ANDREEA CAMPEANU/nyt A row of hulking concrete domes loom along the Danube-Black Sea Canal in Cernavoda, about two hours east of Bucharest. Two of the structures house nuclear reactors feeding Romania's electrical grid. Two others were begun decades ago and are still waiting for completion -- though, perhaps, not for long. "We have major plans," said Valentin Nae, the site director. The nuclear complex was conceived during the regime of Nicolae Ceausescu, the communist dictator who ran Romania for a quarter of a century before he was overthrown and executed in 1989. Ceausescu's strategy was to insulate Romania from the influence of the Soviet Union by having it generate its own electricity. The Cernavoda Nuclear Power Plant in Cernavoda. ANDREEA CAMPEANU/nyt More than 30 years on, as much of Europe looks to cut ties to Russia's energy, the two reactors very cheaply supply about 20% of … [Read more...] about Romania spies energy opening in Europe
Thailand at risk of fuel crunch with imported gas too pricey
PTT’s liquefied natural gas terminal at Map Ta Phut Industrial estate in Rayong province. (Photo: Apichart Jinakul) The government is curbing imports of liquefied natural gas due to surging prices, potentially putting the country at risk of fuel shortages. State-run importers cut purchases of LNG from the spot market because of skyrocketing prices and limited availability, according to traders. And while they plan to boost purchases of cheaper alternatives, like diesel and fuel oil, the deficit left by cutting LNG may be too large to be filled by other sources, said the traders who didn’t want to be named as they’re not authorised to speak to the media. “We won’t let a fuel shortage happen,” deputy government spokeswoman Rachada Dhnadirek said in response to a Bloomberg News inquiry on the prospect of a deficit. Thailand is not struggling to get supplies, she said. Some of the country’s poorer Asian neighbours -- including Pakistan and Sri Lanka -- are in the midst of … [Read more...] about Thailand at risk of fuel crunch with imported gas too pricey
Leclerc: Next four races ‘very important’ in title race
Ferrari’s Charles Leclerc believes that the next four races will play a key role in shaping his title chances in 2022. Leclerc came storming out of the blocks at the start of the new era in Formula 1, but his comfortable Championship lead was quickly eroded with Max Verstappen now establishing a 49-point buffer over his rival. Having not won a race since taking the chequered flag in Australia back in April, power unit problems and strategy mishaps have cost Leclerc dearly. And with four races to go until the mid-season break, Leclerc has picked out this period of the calendar, which sees Formula 1 compete at Silverstone , the Red Bull Ring, Paul Ricard and the Hungaroring, as a crucial run if he is to remain in the title picture. Speaking to reporters at Silverstone ahead of the British Grand Prix, Leclerc said: “I love it here. I love the track. I love fast corners in general. “This year we’ve got a bit more of a competitive car compared to the last times we came … [Read more...] about Leclerc: Next four races ‘very important’ in title race
Supreme Court limits EPA’s power to combat climate change
The Supreme Court on Thursday sharply cut back the Environmental Protection Agency's ability to reduce the carbon output of existing power plants, a blow to the Biden administration's plans for combating climate change. The ruling infuriated President Biden and environmentalists, who said it raised formidable obstacles to the United States meeting its climate aims, including the president's goal of running the U.S. power grid on clean energy by 2035. "Another devastating decision that aims to take our country backwards," Biden said. But the Republican-led states that challenged the broad authority the EPA claimed said it was a dutiful examination of the Clean Air Act and a proper acknowledgment that Congress had not given such vast powers to the agency. The vote was 6 to 3, with Chief Justice John Roberts writing for the court's majority. And it reinforced an emerging view from its conservatives that too much power is vested in executive branch agencies that act without clear … [Read more...] about Supreme Court limits EPA’s power to combat climate change
California emissions, carbon neutrality plan draws criticism
This is a carousel. Use Next and Previous buttons to navigate 5 SACRAMENTO, Calif. (AP) — Heat waves and drought gripping California highlight the urgency to slash fossil fuel use and remove planet-warming emissions from the air, a top state official said Thursday as discussions began on a new proposal for how the state will meet its ambitious climate goals. “I think every single Californian today knows that we’re living through a climate emergency,” said Jared Blumenfeld, secretary of the California Environmental Protection Agency. “And so what we’re doing today takes on additional importance and urgency.” He spoke as the California Air Resources Board opened a hearing on a plan updated twice each decade that sets a climate change roadmap for the state. This year's plan focuses on achieving carbon neutrality by 2045, which means the state would remove as much carbon from the air as it emits. The timeline is among the most ambitious … [Read more...] about California emissions, carbon neutrality plan draws criticism