Octopus Energy and CATL have created Swaptopus, a joint venture that will deploy battery-swapping stations for electric trucks across the UK and Europe by adapting technology already proven at scale in China.
The initiative introduces to the continent a system that has already achieved widespread adoption in China.
This method sidesteps the extended downtime that normally comes with recharging massive truck batteries.
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NatPower has partnered with Tesla on a multiyear project to install 25 GWh of Megapack battery storage in Italy and Britain as the first phase of an initiative that could reach beyond 100 GWh and generate up to $15 billion in revenue over 20 years.
Energy Fuels will acquire Vacuumschmelze GmbH for about $1.9 billion, creating a fully integrated rare earth supply chain from mine to magnet. The purchase aligns with Western efforts to lessen reliance on China for materials used in EVs, defense and advanced technology.
Microsoft, Chevron and Engine No. 1 entered an exclusivity agreement for power generation to supply AI data centers. The pact targets a proposed $7 billion natural gas-fired plant in West Texas capable of 2,500 megawatts with targeted startup in 2027.
