Renault to invest €1bn in manufacturing and researching EVs
The French vehicle manufacturer, Renault, has set aside €1bn (US$1.16bn) to focus on electric vehicles (EVs).
The firm has committed to investing the funds into EV research, design, and manufacturing at four of its facilities by 2022.
Renault has announced plans to develop another EV production site in order to create a new motor by 2021.
The company also aims to expand the capacity for its ZOE by twice as much by the deadline.
With the planned investments, Renault anticipates that it will have the capacity to produce EVs by three times as much.
“Within the framework of its Drive the Future strategic plan and with the Alliance, Renault Group is giving itself the means to maintain its leadership in the electric vehicle market and to continue to develop new sustainable mobility solutions for all,” stated Carlos Ghosn, Chairman of Renault.
France has recently implemented a ban that prevents the sale of petrol and diesel cars by 2040.
With the ban, Ghosn suggested that the firm’s investment could “increase the competitiveness and attractiveness”.
Renault recently announced it’s 38% year-on-year growth in its EV sales, as well as a 44% increase in ZOE registrations.
All but two UK regions failing on school energy efficiency
Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.
Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.
According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.
Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.
“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."
He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."
North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).
The Department for Education has issued 13 tips for reducing energy and water use in schools.