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Electricity Market

Countries Investing in RE Enjoy Greater Economic Growth, says UK Study

Researchers at the University of Sussex Business School and the University of Portsmouth have discovered that countries that invest more in renewable energy enjoy greater economic growth and lower levels of income inequality. The study, which analysed data from over 200 countries between 2000-2019, shows that renewable energy acts as a catalyst for reducing income […]

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Top 10 Cleantech Trends for 2021 By IHS Markit

Asia will account for over 70 percent of total floating PV installations by 2024, says London-based information provider IHS Markit, among other cleantech trends expected this year. The whitepaper “10 Cleantech Trends in 2021” makes the following predictions vis a vis the renewables sector: 1. Renewable installations will rebound by double- digits after covid-19 impasse Annual […]

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Mainstream Renewable Power Closes Financing for Chilean Solar-Wind Farm

Global wind and solar company Mainstream Renewable Power has achieved financial close for the third and final phase of its “Andes Renovables” wind and solar platform in Chile. The  US$182 million in debt raised will be used to build the “Copihue” phase which consists of one wind farm, named Camán, located in central Chile. The […]

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Nissan Motors Reveals £1 Billion Electric Vehicle Hub ‘EV36Zero’ in UK

The Japanese Automaker, Nissan Motors has yesterday revealed its Euro 1 billion electric vehicle (EV) hub, EV36Zero in Sunderland, UK.  The transformational project has been launched with an initial Euro 1 billion investment by Nissan and its partners Envision AESC, a global player in world-leading battery technology, and Sunderland City Council. Comprised of three interconnected initiatives, Nissan […]

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US Researchers Develop Hydrogen Energy Storage Evaluation Tool

Researchers at Pacific Northwest National Laboratory (PNNL) have developed a valuation tool that analyzes different energy storage technologies as part of an integrated and increasingly decarbonized energy system. Hydrogen energy storage is the latest addition to the modelling suite, and it brings a unique capability to the tool. The Energy Storage Evaluation Tool (ESET) is […]

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“Five Years Is A Very Long Time In The Battery business”, Ak Shukla, Sanvaru

Sanvaru Technology CEO and founder AK Shukla seems to love doing the unconventional. From starting up a battery business when it wasn’t really the obvious thing to do, to setting up headquarters in the backwaters of Sonipat, Haryana. Today, the firm claims to be the leading manufacturer of Li ion/ Lifepo4battery pack for Solar/Electronic equipments […]

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Punjab Power Crisis The Worst Case Scenario For Poor Policy Decisions

Less than 72 hours after Union Minister R.K. Singh spoke about a target of 24×7 power, Punjab, one of the most  prosperous North Indian states, is plunged into a power crisis. In this crisis lies the case for some of the biggest reforms that have been pending due to resistance from multiple states, including Punjab […]

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Eco Power Wins Grant from Innovate UK for Micro-grid Project in Thailand

Eco Wave Power Gibraltar, a subsidiary of leading global wave energy developer Eco Wave Power, has announced the approval of a grant project budget of 296,787 GBP by Innovate UK, the UK’s innovation agency. The grant is provided as part of the Energy Catalyst Round 8: Clean Energy, an experimental development competition for a project […]

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EXIM Bank Extends $40 M to Togo to Power 350 Villages with Solar PV

Export-Import Bank of India has, on behalf of the Government of India, extended a Line of Credit (LOC) of USD 40 million to the Government of Togo for the purpose of the electrification of 350 villages in Togo through solar photovoltaic systems. India has been on a major outreach among developing countries ever since it […]

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