The recent tie-up of Bosch and Samsung follows the recent trend of various auto and auto-components manufactures joining hands with consumer electronics companies to manufacture Lithium-ion (Li-ion) batteries. The Li-ion batteries are used to help power the ever-increasingly popular hybrid cars, such as the GM Chevy Volt, which is already on the market, and Toyota is also planning to launch a Plug-in Hybrid Electric Vehicle (PHEV) version of its Prius brand by June 2009. Demand for the Li-ion batteries is so high that it is currently outstripping supply. Earlier this year, the industry also witnessed similar tie ups between Toyota and Matsushita, Volkswagen and Sanyo, and GM and LG amongst others.

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The wind energy industry is growing rapidly on the back of technological advancements, political will and government subsidies. Utility companies, independent power providers, institutional investors and oil companies are all seeking to capitalize on lucrative support mechanisms to unlock greater commercial and competitive advantages, meet their renewables targets and boost their green credentials.

Continue reading “Oil Price Rises Increase Attraction of Wind Farms” »