According to the industry ministry, South Korea will provide domestic battery manufacturers with a financial support of 7 trillion won, or $5.31 billion, over the course of the next five years to assist them in responding to the Inflation Reduction Act (IRA) of the United States and improve their competitiveness in the sector. To encourage […]
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Arrival, a British company that hopes to begin production of its van in the United States by the end of 2024, received a $300 million equity financing line from Westwood Capital on Monday. Arrival also stated that it wants to reduce the rate at which it burns cash. Over the past few months, EV companies […]
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To help the failing healthcare system in Canada, the government has pledged nearly $149 billion in funding over ten years. In an announcement made on, February 14, 2023, the funding was presented as a system fix for the next generation. Canada’s hospitals have been fighting staff shortages and long wait times for treatment for months. […]
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The US Department of Agriculture (USDA) will invest 14.2 million dollars in 52 urban agriculture and innovative production grants. This investment by the USDA will allow grant recipients to expand access to nutritious foods, increase awareness of climate change, foster community engagement, mitigate the effects within urban areas, and also educate communities about farming. These […]
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Nusrat Ghani, science minister of the United Kingdom has launched a new 15 million pounds fund for the UK businesses to revolutionise satellite communications technology. The competition is open to the companies that are developing ambitious technologies across the satellite communications ecosystems. This fund will prioritise customer needs, with supporting sustainable growth, and catalyse further […]
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Denys Shmyhal, prime minister of Ukraine, said Ukraine has received 500 million euros as the first tranche of financial assistance from the European Union. Denys Shmyhal said they are grateful to the European Union for such a type of contribution, and it is a significant investment in their common economic, financial stability, and secure future. […]
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The energy and business secretary will meet with industry to accelerate private investment in hydrogen as a clean energy source. At the Hydrogen Investment Summit, Greg Hands, energy minister of the United Kingdom will announce the opening of joint allocation round for electrolytic or green hydrogen projects. Under this funding round, the funding is available […]
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The law courts and NHS trusts are all set for benefiting from the decarbonisation funding of Vital Energi from the Department for Business Energy and Industrial Strategy of the United Kingdom. The Vital Energi has now secured 72.3 million pounds of the Public Sector Decarbonization Scheme (PSDS) funding of the United Kingdom for the clients […]
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The administration of Joe Biden, president of the United States said, it is going be putting 500 million dollars into the farm supports, which will be boosting the wheat production of the United States by around 18 percent and also expanding the production of the food grains and edible oils in an effort for filling […]
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