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4000 Homes with Solar Panels & EV Parking To Be Up For Grabs in Maharashtra Soon

Homeowners have finally begun to recognise the benefits that solar offers. With around 40% subsidy on offer by the Government, residential solar rooftop is easy on the pocket. There is 20% subsidy for group housing societies and RWAs. Additionally, there is payback of as low as four years on investment. This awareness is complemented by […]

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BMW & Solid Power Partnership For Solid-State Battery Technology

Automakers are exploring the possibilities of enhancing battery technology seeking a fit with the growing expectations of the EV industry. Solid-state battery is one such technology that can disrupt the existing power storage market for EVs. As per some forecasts, the Solid-state battery market size will reach $13.15 billion by 2030 from $805 million in […]

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Servotech Rings in 84% Increase in Profits in Q3 for FY22-23

Manufacturer of solar, power-backup, electric Vehicle (EV) chargers, and other smart power solutions, Servotech Power Systems Ltd. (NSE: SERVOTECH), has revealed its quarterly financial results for the quarter ended December 31, 2022. The results were shared at its Board of Directors meeting on January 21, 2023. Servotech Power Systems Ltd. has rung in a quarterly […]

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Honda, GS Yuasa Collaborate for Lithium-Ion Battery Development

The evolution and quick adoption of electric mobility largely depends on the development of quality and reliable battery systems. Hence, two Japanese conglomerates – Honda Motor and GS Yuasa International – have signed an agreement for collaboration for a high-capacity, high-output lithium-ion battery. Honda and GS Yuasa will discuss specifics with the goal of establishing […]

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Log9 Materials Secures $40 Million in Fresh Funding From Amara Raja & Others

Last week, Bangalore based deep-tech battery start-up Log9 Materials had scooped up over $11 million in a Series B round, which was led by PTV International Ventures and participated by key investors like SiriusOne Capital and Cornerstone Ventures.  Now, the startup has announced that it has raised $40 million or Rs 325 crore approximately in […]

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Sungrow & SOL+ Distribuidora Forge Partnership for 500 MW Inverter Distribution in Brazil

Developer and producer of photovoltaic inverter technology, Sungrow, and SOL+ Distribuidora, the new business front of Holding SOL Copérnico, based in Brazil, have entered into a partnership facilitating distribution for the Brazilian market. As per the agreement, SOL+ will be responsible for the distribution of 500 MW of on-grid Sungrow photovoltaic inverters in all of […]

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SUN Mobility, Pilipinas Shell to Bring Battery Swapping Technology to Philippines

A provider of energy infrastructure and services for electric vehicles (EVs), SUN Mobility, has announced that it has recently signed a strategic agreement with the Pilipinas Shell Petroleum Corporation. The partnership will explore the pilot deployment of SUN Mobility’s advanced battery-swapping technology in the Philippines for two and wheel-wheel electric vehicles. Philippines-based Pilipinas Shell Petroleum […]

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1400 EV Chargers Supplied by Servotech Power Systems in Three Months

NSE-listed EV Charging and solar power solutions provider Servotech Power Systems Ltd, has supplied 1400 EV chargers in a span of three months of November to January at different locations across the country. These chargers include public sector projects, retail customers, and other strategic alliances that Servotech has taken up and entered into. Of these […]

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SolarEdge Launches New Battery Cell Line for Stationary Energy Storage

Israel-based maker of solar inverters, power optimizers and monitoring systems, SolarEdge Technologies has announced that its Energy Storage Division has begun shipping new battery cells designed for stationary energy storage applications. SolarEdge said in its official statement that the new line of Nickel Manganese Cobalt (NMC) pouch cells, manufactured at Sella 2, the Company’s new […]

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