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Annual Global Investment in Energy Transition Tech Touched Record Level of US$ 1.1 Trillion in 2022

Deloitte’s recent report on India’s energy transition pathway, highlights three pillars of the energy transition pathway. The report mentions three important components in energy transition: grid decarbonisation, industrial decarbonisation, and transport transition. Investments in Energy Transition In 2022, annual global investment in energy transition technologies touched a record level of US$ 1.1 trillion, witnessing a 31 […]

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StoreDot in Strategic Collaboration with Volvo Cars for EV Cells

StoreDot, which delves into extreme fast charging (XFC) battery technology for electric vehicles, has signed a ]multi-year agreement with Volvo Cars to develop an optimized battery for next generation Volvo cars. The collaboration, with experts from Volvo Cars and StoreDot working together, will lead to the development of XFC cells which will be optimized and […]

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EV Charger Market Projected at CAGR 46.5% Between 2022 & 2030: CES-IESA Report

The Customized Energy Solutions (CES) and India Energy Storage Alliance (IESA) have released their third annual “2022 India Electric Vehicle Charging Infrastructure & Battery Swapping Market Overview Report”. The report covers the present market trends and forecast of electric vehicle (EV) chargers by various charger types in terms of revenue (USD Million), capacity (GW) and […]

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Amara Raja Batteries Limited Is Now Amara Raja Energy & Mobility Limited

Two years ago, Amara Raja Batteries Limited (ARBL), which delves in industrial and automotive battery sector (listed as BSE: 500008 and NSE Code: AMARAJABAT), announced to direct its focus beyond batteries and address the larger energy and mobility space. The firm has now capped off the journey with the official name change to Amara Raja […]

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TPREL to Set Up 41 MW Captive Solar Plant for Solar Manufacturing Unit

Tata Power Renewable Energy Ltd (TPREL), a subsidiary of The Tata Power Company Limited, will set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu for Tata Power Solar’s new greenfield 4.3 GW solar cell and module manufacturing facility located at Tirunelveli, Tamil Nadu. The captive plant will help generate 101 million units […]

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Clean Energy Investments Have Surged In India: IEA Report

The International Energy Agency (IEA) has recently released a document on the roadmap for the Net Zero plans. The report indicates the role of government policies in bringing improvement in solar PV.  The report emphasizes that the clean energy investment today is dominated by the advanced economies and China. As per the report, large economies such as India […]

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Battery Materials Firm GEM In Indonesian JV To Diversify Risk, Protect US, EU Markets

Shenzhen, China based GEM, the largest supplier of battery raw materials in China and the leading battery recycling firm in China and globally, has announced plans to  invest about USD750 million in two new plants in Indonesia in a move aimed at diversifying its manufacturing base and developing global industrial supply chains in alignment with […]

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WBSEDCL Invites Bids for Supply of Spare Parts for 225 MW Pumped Storage Project

West Bengal State Electricity Distribution Company Limited (WBSEDCL) has issued a tender for the supply and delivery of spare parts of intercom system under the command area of Purulia Pumped Storage Project of 225 MW (4 x 225 MW) Site, Purulia, Bagmundi, West Bengal. The cost of the project is pegged at INR 170730. The […]

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CNGR, Al Mada Partner For $2 Billion EV Battery Plant in Morocco

Chinese battery components manufacturer CNGR Advanced Material and the African private investment firm Al Mada have unveiled plans to establish an industrial hub in Jorf Lasfar, Morocco. This project will entail an investment of $2 billion. This collaborative endeavor was officially disclosed through a joint statement by the two firms. The two entities are currently […]

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