Fall River Electric Cooperative announces the payment of another $1 million in the form of a rebate to 2020 owner/customers of the Co-op. The Fall River board wanted to return current profits, referred to as margins, to all the Cooperativeâs owners knowing that many have been impacted by the on-going pandemic. Additionally, this $1M will be infused back into the local economies of the communities of eastern Idaho and southwestern Montana.
This is on top of the $1.015 million plus paid out to owner-members in December through the Cooperativeâs Patronage Capital program, meaning Fall River Electric has now distributed over $2 million dollars within the last two months. Februaryâs disbursement is to those customers that purchased power last year while the December payments were to members of the Co-op that purchased power back in 2000. The patronage capital program is where extra revenues over the cost of operations is then disbursed to its owner-members on an approximat
Carmakers, environmentalists and consumer groups have called on the EU to set ambitious targets per country for the deployment of electric vehicle charging points. related to CASE, Electric drive, Emerging markets, Megatrends, Vehicle markets,
OLA to deploy ABB robotics at its mega electric scooters factory in India
Hyderabad, Feb 11 (UNI) : Ola, India’s largest mobility platform and one of the world’s largest ride-hailing companies , on Thursday announced it has selected ABB , one of its key partners for robotics and automation solutions for its mega-factory in India that will roll out the much-anticipated Ola electric scooter.
Ola’s scooter mega-factory, billed to be the world’s largest scooter factory, is expected to be ready and operational in the coming months, the company said in a release.
With an initial annual capacity of 2 million units, Ola’s mega-factory will create 10,000 jobs and serve as the company’s global manufacturing hub for both India and international markets across Europe, UK, Latin America, Australia and New Zealand.
HANGZHOU/SHANGHAI (Reuters): Like many others in his industry, Geely Chairman Li Shufu has been irked by skyrocketing valuations for electric car manufacturers such as Tesla Inc and Nio Inc, sources at the Chinese automaker say.
The European Union should set binding targets for one million public charging points for electric vehicles by 2024, and three million by 2029, to give consumers the confidence to switch to the new technology, the region's car lobby said on Thursday.