
Tesla to take Japan virtual power plant business nationwide, Nikkei reports
(Reuters) -Tesla will expand its virtual power plant business in Japan by providing free storage batteries to companies and remotely managing them to help balance energy supply and demand, Nikkei reported on Friday.
The electric vehicle maker will expand the business in collaboration with leasing firm Fuyo General Lease and energy company Global Engineering, the Japanese media outlet said.
(Reporting by Kumar Tanishk in Bengaluru; Editing by Alan Barona)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
4 hours ago
- The Star
Motor racing-NASCAR brings American thunder to Mexico City in expansion drive
FILE PHOTO: May 24, 2025; Concord, North Carolina, USA; NASCAR Cup Series driver Daniel Suarez (99) during qualifying at Charlotte Motor Speedway. Mandatory Credit: Jim Dedmon-Imagn Images/File Photo (Reuters) -The throaty roar of NASCAR Cup Series engines will reverberate through the Valley of Mexico this weekend, marking a bold international gambit for America's beloved motorsport as it races beyond its traditional borders. The ambitious cross-border event required substantial logistical efforts to bring the entire racing circus down south, amid recent protests in Los Angeles and complex U.S.-Mexico relations as well as stricter border controls under President Donald Trump's administration. For Daniel Suarez, who carries the hopes of a nation as one of only three Mexicans ever to reach NASCAR's premier division, the Mexico City race transforms him from competitor to cultural ambassador. "It's a great privilege to represent all Mexico. This isn't just another race on the calendar," Suarez told Reuters. "I'm very fortunate not only for my country, but for the whole Latin America region. It's not pressure as I love it, this is more like motivation, to go race in front of my people." The cultural collision is set to be a striking one. NASCAR brings its distinctly blue-collar heritage, born when Prohibition-era bootleggers modified cars to outrun the authorities, to a nation where racing fans have traditionally embraced Formula One's technical sophistication through local hero and former driver Sergio "Checo" Perez. However, NASCAR's arrival illuminates potential pathways for emerging talents like Regina Sivient, who recently made history as the first Mexican woman competing in the ARCA Menards Series, the minor, semi-professional stock car racing league that provides a pathway into NASCAR's three national touring series. "The most important thing about NASCAR coming to Mexico is that it gives us exposure," Sivient told Reuters. "When we saw Checo Perez in F1, being in the spotlight meant many Mexicans got to know him, that we drivers supported him, and that he received sponsorship from brands. In the end, as athletes that's what we want and what the sport needs to grow". As engines prepare to roar, the question is not whether NASCAR can follow the NBA and NFL in establishing Mexican footholds, but how quickly the quintessentially American motorsport might transform itself from curious novelty to beloved fixture in Mexico's sporting identity. (Reporting by Angelica Medina in Mexico City; Editing by Ken Ferris)


The Star
4 hours ago
- The Star
Russia says it tests new laser defences against drones
FILE PHOTO: A view shows the Russian flag on the facade of a historic building alongside the American flag on the facade of the U.S. Embassy in Moscow, Russia March 18, 2025. REUTERS/Yulia Morozova/File photo MOSCOW (Reuters) -Russia said on Friday it had conducted large-scale tests of new laser-based systems to defend against drones. A government statement described the new technology as "promising" and said it had been tested against various types of drone in different weather conditions. It said the anti-drone lasers would become part of a "universal air defence system" that President Vladimir Putin said this week Russia needed to build. "The test results will be used to refine existing models and create systems capable of providing reliable protection against modern air attack weapons. Conducting tests allows us to move on to serial production and upscaling," the statement said. An accompanying video showed charred debris from a destroyed drone. Both sides have deployed drones on a huge scale in the Russia-Ukraine war, using them to spot and hit targets not only on the battlefield but way beyond the front lines. Ukrainian drones have frequently struck sites deep inside Russia such as oil depots, refineries and airfields, highlighting the need for Moscow to boost its defences. Earlier this month, Ukrainian drones smuggled close to air bases in trucks inflicted serious damage to Russia's long-range bomber fleet. (Reporting by Reuters, writing by Mark Trevelyan, Editing by William Maclean)


The Star
5 hours ago
- The Star
Adobe shares slide as investors skeptical of quicker AI-adoption returns
FILE PHOTO: Adobe logo is seen in this illustration taken February 16, 2025. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Adobe's shares dropped 7% in early trading on Friday as investors' concern that the company's AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast. "(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization," said Angelo Zino, senior equity analyst at CFRA Research. The San Jose, California-based creative software veteran is relied on by creatives for its tools including Photoshop and Premiere Pro. The company said in April that it would add AI models from OpenAI and Google to Firefly, its generative AI tool. The tool allows users to create and edit images and videos for commercial purposes through basic text prompts without facing copyright challenges. "While guidance was raised and management remains positive around demand generation, it feels like it will take more time to prove out these (AI) initiatives and quiet concerns of competition around GenAI," RBC analysts said in a note. Adobe now expects full-year 2025 revenue between $23.50 billion and $23.60 billion, up from its prior estimates of $23.30 billion to $23.55 billion. At least five brokerages cut their price target on the Adobe stock following the second-quarter results. Including session's losses, the stock has fallen around 13% so far this year. The company's 12-month forward price-to-earnings ratio stands at 18.88, compared with Autodesk's 29.16. (Reporting by Twesha Dikshit in Bengaluru; Editing by Shailesh Kuber)