EcoEnergy Insights

Energy, Industry Updates

BorgWarner | August 04, 2022

Headquartered in San Diego, California, Rhombus offers V2G and Underwriters Laboratory-certified charging. Rhombus supplies its patented technology to EV OEMs, including Proterra, and charging and grid service providers. The transaction has an enterprise value of up to $185 million, which is being funded primarily with cash balances. Approximately $130 million was delivered at closing and up to $55 million could be paid in the form of contingent payments over the next 3 years.
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Tasla | August 05, 2020

Wall Street’s craze for electric vehicle stocks is coming to an end after valuations ballooned to levels that are unwarranted, CNBC’s Jim Cramer said Tuesday. That is with the exception of Tesla, the Elon Musk-helmed electric-vehicle company whose stock price has increased fourfold from its low point in March. “I think the rest of the electric vehicle space looks like a boom, and then more like a bubble, one that’s already started to burst,” the “Mad Money&rdq...

Solar+Storage, Energy

SolarWinds | October 20, 2022

SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, announces the launch of SolarWinds® Observability, a fully-integrated, cloud-native SaaS offering that provides unified and comprehensive visibility for today’s modern, distributed, hybrid, and multi-cloud IT environments.SolarWinds Observability enables customers to accelerate digital transformation through powerful machine learning (ML) and artificial intelligence (AI) capabilities...

SaurEnergy | March 02, 2020

Tesla has received the approval from the local authorities to build its massive 1.1 GWh Megapack battery energy storage system facility in California. Electric Vehicle major Tesla has received approval from the local authorities to build its massive 1.1 GWh Megapack battery energy storage system facility, which is backed by PG&E, in California. Earlier this week the Monterey County Planning Commission unanimously approved the Pacific Gas and Electric-backed project, which will be known as the El...