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Momentum Solar

Power Sector PSU’s Get Strong Backing To Push For Renewables

Yesterday, (September 8) at a meeting to discuss the action plan for enhancing the investment by power sector CPSEs (Central Public Sector Undertakings) in renewable energy projects under the Chairmanship of R.K Singh, Union Minister of Power & NRE yesterday representative of all Hydro CPSEs, NTPC Ltd., MNRE and SECI came in. Key decisions were […]

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ReneSola Yixing Appoints Sun Qing as New CEO

ReneSola Yixing Co Ltd (a globally reputed manufacturer of Solar PV Modules) has announced the appointment of Sun Qing as CEO of the company. Qing succeeds Sky Wang and assumed the responsibilities of his new role on September 1, 2021. Sun Qing, is an experienced business leader with more than two decades of experience in […]

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US Battery Storage Facilities Set Capacity Records: IHS Markit

Utilities in the US are poised to leapfrog each other in the race to have the largest installation in the country and the world, as a California facility was expanded this month, but a Florida utility will soon finish an even bigger project, writes Kevin Adler, Editor, Climate & Sustainability Group, IHS Markit, in a timely […]

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US Distributed Energy Major Nexamp Closes $680 million Fund Raise

Nexamp, which has a focus on distributed solar and storage systems, has secured a $240 million equity investment led by Generate Capital. The company also recently raised $440 million in debt financing, bringing its total new funding to $680 million. The new funding will accelerate Nexamp’s ability to offer a flexible range of decarbonization options for customers, expanding its […]

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PM’s I Day Speech-Is India Hurting Itself By Thinking Too Far Ahead?

Prime Minister Narendra Modi, who has a somewhat well earned reputation for making momentous announcements on days when he is the focus of attention, did not disappoint when it came to his Independence day speech. Calling for the country to be free of energy imports by 2047, he went on to announce a National Hydrogen […]

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Tata Power Q1 Results Strong, Key Highlights

Tata Power announced its Q1 results on Friday. Consolidated net profit jumped nearly 74 per cent to ₹ 465.69 crore in the June 2021 quarter, as compared to ₹ 268.10 crore in the corresponding quarter of the last financial year. Total income during April-June 2021 increased to ₹10,145.89 crore, compared with ₹ 6,540.42 crore in […]

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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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Renewables Will Unlock $2.2 T Green Steel Monster: Rethink Report

A new report published by Rethink Technology Research says that steelmaking – one of the world’s dirtiest industries – will end up becoming of the greatest opportunities for renewable energy. In the wake of a 1,000-year coal legacy, a combination of hydrogen and scrap-based production will see a 20-fold increase in the sector’s demand for […]

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“India Is Key To Doubling EDF’s RE Capacity By 2030”, Harmanjit Nagi

The Euro 69 Billion French energy major EDF is one of the few unapologetic champions of nuclear energy, seeing it as a critical support for the world to achieve its climate ambitions. The firm produces over 75% of its energy from nuclear power, with a recent focus on other renewable sources too. In India, the […]

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