A major manufacturing plant is set to bring hundreds of jobs to Howard County. Global automaker Stellantis (NYSE: STLA) and Samsung SDI are forming a joint venture that will invest more than $2.5 billion to build an electric vehicle battery facility in Kokomo and create 1,400 jobs. ... Read More
Israel-based Doral Renewables LLC has signed an Engineering Procurement and Construction Agreement for the massive Mammoth Solar project in northwest Indiana. The company says the deal with SOLV Energy in California represents the plan to build the solar farm's first phase.... Read More
A Kentucky-based cryptocurrency startup is looking to transform a portion of the Merom Generating Station in Sullivan County into a crypto mining facility. AboutBit LLC says it is investing $50 million in the project, which will create up to 15 high-tech jobs with the potential for more once the facility is online.... Read More
Plainfield-based Duke Energy Indiana has completed a $152 million upgrade project at the Markland Hydroelectric Station in Switzerland County. The utility says the project will increase the facility's renewable energy output by about 10%.... Read More
Plainfield-based Duke Energy Indiana and Purdue University will Thursday mark the beginning of operations for a new combined heat and power plant on the West Lafayette campus. The CHP will use natural gas to generate both electricity and steam.... Read More
Elkhart-based Thor Industries Inc. (NYSE: THO) is moving forward with its eMobility strategy by doubling down on electrification of recreational vehicles. The RV manufacturer in January unveiled the strategy along with its electric motorhome and travel trailer concepts at the 2022 Florida RV SuperShow. ... Read More
The Indiana Department of Transportation has teamed up with Purdue University to develop concrete pavement that allows drivers to wirelessly charge their electric vehicles while they're driving. The project, currently in the research phase on the West Lafayette campus, involves magnetizable concrete developed by German startup Magment GmbH. ... Read More
An Ohio-based battery recycling company is growing its footprint and a newly-formed partnership in Indiana is playing a major role. ... Read More
Indianapolis-based Jefferson Electric is launching a new division focused on providing more options for people to go solar. The company says Jefferson Electric Off-Grid will design and install off-grid solar systems for homes, recreational vehicles, and agricultural settings.... Read More
Indianapolis-based Energy Systems Network has launched what it calls a first-of-its-kind statewide program in partnership with the Emerging Manufacturing Collaboration Center in Indy. Energy INsights aims to help Hoosier manufacturers use artificial intelligence and data science to reduce energy costs and improve sustainability.... Read More
A manufacturer of lithium-ion batteries originally based in Phoenix is relocating operations to the Indianapolis. EnPower Inc. is moving into a facility previously operated by EnerDel Inc. on the city's northeast side and plans to add more than 100 jobs by the end of the year. Chief Executive Officer Annette Finsterbusch says the move is part of an effort to bring more battery production to the United States.... Read More
The Indiana Utility Regulatory Commission has approved a settlement agreement involving residential rates for Fort Wayne-based Indiana Michigan Power. I&M says as a result, residential customers will see a nearly $95 million reduction over two phases.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) says it has entered into an agreement to acquire Meritor Inc. (NYSE: MTOR) in Michigan in a deal valued at $3.7 billion. Meritor is a supplier of drivetrain, mobility, braking, aftermarket and electric powertrain products for the commercial vehicle and industrial markets. Cummins CEO Tom Linebarger calls the acquisition an important milestone for the company as it works to develop more zero carbon products.... Read More
Terre Haute-based Hallador Power Co. LLC has announced plans to acquire the Merom Generating Station in Sullivan County from Bloomington-based Hoosier Energy. The deal includes a power purchase agreement in which Hoosier Energy will purchase energy produced at the coal-fired plant.... Read More
Israel-based Doral Renewables LLC has received more investment for its massive solar project in northwest Indiana. Migdal Insurance, also based in Israel, says it has committed up to $75 million in additional funding in the second phase of the Mammoth Solar project, bringing its total direct investment to $175 million.... Read More
An Indiana Court of Appeals has ruled against CenterPoint Energy and in favor of environmental and consumer groups when it comes to solar panels and the price of energy.... Read More
Fishers-based American Resources Corp. (Nasdaq: AREC) has announced a partnership between its subsidiary, American Rare Earth LLC, and HG Ventures LLC, the venture capital investment arm of Indianapolis-based The Heritage Group. The company says the effort will put the partners on the path to becoming the first and lowest-cost producer of domestically-sourced, purified and sustainable battery and magnet metals.... Read More
Fort Wayne-based Indiana Michigan Power has announced plans for an electric transmission network upgrade in Grant and Blackford counties. The $45 million project will upgrade operational performance and reduce the likelihood of extended power outages and the need for frequent equipment repairs.... Read More
The winner of the inaugural Indy Autonomous Challenge has launched a spinoff company. TUM Autonomous Motorsport, the team from Technische Universität München in Germany, says driveblocks aims to develop a platform for fully autonomous vehicle applications.... Read More
A small business in Muncie has completed the installation of a new solar field. Small Engine Warehouse, a small gasoline engines and outdoor power equipment parts dealer, says the project will offset electrical costs for daily operations.... Read More
