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Coal Generation To Remain 30% Higher Than Solar Generation: IEA

Despite continuous effort to add more renewable energy capacity, International Energy Agency’s (IEA) latest report found that coal dependence continues to persist. IEA world energy outlook report found, “Generation from coal remains over 30% higher than that from solar PV, even in a decade in which solar PV accounts for twice as much capacity, owing […]

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Global Push For Lithium Intensifies To Meet Surging EV Demand: IRENA

Critical minerals, especially lithium, have become key components in meeting the growing demand for electric vehicles (EV). These elements are essential to support the booming electric vehicle industry. Apart from lithium, which has witnessed a surge in demand, there has also been increased demand for other critical minerals like cobalt, graphite, and nickel, according to […]

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Servotech Signs Pact With Ensmart To Boost EV Charging Biz In UK

Indian Electric Vehicle (EV) charger maker Servotech Power Systems and UK-based Ensmart Power, working in critical power, solar, and energy storage systems, has signed a sole distribution agreement to expand their EV charger distribution network across the UK and beyond, including North America. This agreement aims to capitalize on the rapid growth of electric vehicle […]

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Record-Breaking 1.7 Million EVs Sold Globally In Sept: Report

A record-breaking 1.7 million EVs were sold globally over the month of September, announced research-house Rho Motion, today. September overtook the previous record set in December 2023 by 150,000. The Chinese market beat their previous record set in August by 90,000 vehicles, to reach 1.1 million units sold in September 2024. Overall, 11.5 million EVs […]

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Exide Industries Invests Rs.100 Cr For Bengaluru’s Lithium-ion Plant

Kolkata-based battery manufacturing company Exide Industries Limited recently announced infusion of about ₹100 crores into its subsidiary, Exide Energy Solutions Limited (EESL), to manufacture and sell lithium-ion battery cells, modules, and packs. The company has made a total investment of ₹2,852.24 crore. The equity investment in EESL, on a rights basis, aims to fund this […]

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Anant Badjatya Becomes CEO Of SUN Mobility-IOCL JV

SUN Mobility-IOCL recently appointed Anant Badjatya as the new Chief Executive Officer (CEO) of its newly formed joint venture, Indofast Swap Energy Pvt. Ltd.  Anant Badjatya, former Chief Executive Officer (CEO) – SUN Mobility, has taken the reins of Indofast with immediate effect. This step follows the deal signed by IOCL and SUN Mobility in […]

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LMFP Batteries That Could Increase EV Range By Upto 20% Claimed

UK-based Integrals power claims it has made a breakthrough in Lithium Manganese Iron Phosphate (LMFP) cathode active materials for battery cells. Applying its propriety materials technology and patented manufacturing process, the company says it has overcome the drop in specific capacity compared that typically occurs as the percentage of manganese in increased. The result is […]

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Govt Extends EV Charging Norms For Battery Swapping Centers

The Ministry of Power (MoP) in its latest notification extended several norms, meant for Electric Vehicle (EV) Charging Stations for Battery Swapping Stations (BSS) and Battery Swapping Charging Stations (BCS). This notification comes at a time when the government and several battery swapping companies are working to boost this alternative means of refueling EVs. The […]

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REC Steps Up On Green Financing With 37.3% Growth In Renewable Energy Funding

REC Limited, a maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹90,955 crore, up 20.10% year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68% year-on-year to ₹11,297 crore. Notably, the firm raised the largest ever tranche of green binds from […]

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