New York & New Jersey Offshore Wind Lease Auction Hits Record $4.37 Billion

Nissan investing $500 million in Mississippi plant to manufacture two EV models & battery packs starting 2025; SouthEastern Pennsylvania Transportation Authority chooses BAE Systems to deliver 340 hybrid electric drive systems for transit bus fleet; Battery recycling co Redwood Materials unveils battery recycling program for pure electric EVs, plug-ins, & hybrids in CA, w/Ford & Volvo committed to participating; start-up battery and metal recycling co Nth Cycle raises $12.5 million in series A funding for deployment of first commercial units of electro extraction technology by 2022; MA officials and execs from Spanish wind developer Avangrid & Italian cable manufacturer Prysmian Group announce state's first offshore wind industry manufacturing facility at Brayton Point in SE MA; Auction for NY/NJ offshore wind development rights draws record $4.37 billion; India's installed solar soars from 3.2 GW in 2020 to over 10 GW in 2021.

1) Nissan to spend $500 million in Mississippi assembly plant to make two EV models (Nissan and Infiniti) and battery packs starting 2025.

2) SouthEastern Pennsylvania Transportation Authority picks BAE Systems to deliver up to 340 hybrid electric drive systems for clean transit bus fleet.

3) Battery recycling co Redwood Materials rolls out recycling program for pure electric EVs, plug-ins, and hybrids in California. Ford and Volvo on board.

4) Start-up battery and metal recycling company Nth Cycle pulls in $12.5 million in series A funding to deploy first commercial units of an electro extraction technology this year. Nth Cycle's tech uses electricity and carbon filters to pull cobalt and nickel from discarded batteries.

5) MA officials & execs from Spanish offshore wind developer Avangrid & Italian cable manufacturer Prysmian Group, announce establishment of state's first offshore wind ind'y manufacturing facility at Brayton Point in SE MA. Avangrid subsidiary Vineyard Wind to develop 1200 MW Commonwealth Wind project & Prysmian Group to supply affiliated offshore cables.

6) Federal auction for NY/NJ offshore wind development rights hauls in record $4.37 billion in developer bids.

7) India's solar installation number vault from 3.2 GW in 2020 to over 10 GW last year. 83% was utility scale, and cumulative capacity now stands at 49.3 GW with 50 GW in development pipeline.