How street lamps could charge Electric Vehicles: Siemens invests in this start-up for EVs
Posted on 12th May 2018 |
.jpg) |
| In order to achieve the goals set at the 2017 Paris Climate Accord, The International Energy Agency (IEA) says there need to be about 100 million electric cars on road globally by 2030. It believes that one-fifth of all vehicles in the world (including two-wheelers, buses, trucks and cars) should run on batteries. France has already hinted on banning cars with a combustion engine in Paris by 2030. European Union (EU) plans to have 30% of all new vehicles to either be all-electric or hybrid to reduce emissions. With electric mobility taking the centre stage globally it is not only important to have renewably-generated electricity to power these electric vehicles but also to have public charging stations placed in the right places. The idea is to convert the parking time into charging times using renewable energies. A Berlin-based startup, Ubitricity has now developed a technology that will enable EV owners to charge its vehicles from almost any location. The company plans to integrate a smart electric meter that is linked to the charging cable and power sockets that can be installed anywhere. It is like creating a docking station on the power grid, the company calls these as SimpleSockets. These outlets are affordable and can be installed in parking garages, residential and commercial buildings and more importantly on existing infrastructure such as street lamps. This could serve as a great move towards reducing the range anxiety, which is one of the primary reasons responsible for holding back people from investing in EVs. Electric vehicle users simply need to park next to a street lamp equipped with the required technology to charge his/ her car and use the mobile application to do the payments. The company has already tested these London where about 12 such street lamps were put on trial. The company says it takes about 30 minutes and €1000 to convert a street lamp into a charging station. Dr. Frank Pawlitschek, CEO and Co-Founder, Ubitricity says that "at least one to two percent of the 10 million street lamps in Germany could be converted immediately. It is inexpensive to recharge batteries right outside their front door." Siemens has invested in Ubitricity as the company believes that the start-up's technology idea plugs into a number of Siemens' business activities. “Ubitricity technology uses digitalisation in the energy field in a targeted manner and opens up completely new business models in the future market of energy services for electromobility,” says Moritz Ingerfeld, Head of Business Development eCharging at Siemens Energy Management. |
|
|
|
|
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
.jpg) |
Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
|
|
Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
.jpg) |
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
|
|
LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
.jpg) |
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
|
|
Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
.jpg) |
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
|
|
World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
.jpg) |
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
|
|
|
|
| Be the first person to write a business review for How street lamps could charge Electric Vehicles: Siemens invests in this start-up for EVs |
|
|
|
