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energy markets

candi solar Secures $38 Million Investment Through Equity

candi solar, a clean energy company specializing in solar power solutions for Commercial and Industrial (C&I) clients, successfully closed its Series C funding round. In this, the company secured $38 million in equity investment. The round was led by Norfund a Norwegian Investment Fund for developing countries, Kyuden International, and STOA. The equity capital investment […]

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Electric Tractor Market Untapped In India: Kaustubh Dhonde, CEO-AutoNxt

How do you see the current ecosystem of electric tractors in India?  Kaustubh Dhonde: The ecosystem of electric tractors in India is in its nascent stage but shows immense potential for growth. As one of the pioneers in this field, AutoNxt Automation is leading the charge with innovative solutions like our autonomous electric tractor, “Hulk.” […]

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Mobility Firm Marelli To Supply Battery Thermal Plate To Carmakers

Marelli has been awarded a contract from a major global carmaker to supply the Battery Thermal Plate (BTP) for future Battery Electric Vehicles (BEVs). The solution, a key technology for thermal energy management in electric vehicles, has been developed and will be produced in-house by Marelli. The supply will begin in 2024, reaching approximately 5 […]

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US Solar Installed Capacity Soars 71% In Q1 2024, Hits 200-GW Mark

US Solar Manufacturing Association (SEIA) recently reported setting a record 11 gigawatts (GW) of new solar module manufacturing capacity in the United States during Q1 2024. The organization claims this to be the largest quarter of solar manufacturing growth in American history. According to the US Solar Market Insight Q2 2024 report released by the […]

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In A First, Volvo To Bring Vehicles With EV Battery Passport

The Volvo EX90 electric SUV—which has the “world’s first EV battery passport”—will go on sale. Volvo is introducing the EV battery passport to provide important details to prospective purchasers, such as the composition, the source of the battery’s ingredients, and the battery’s carbon footprint. The automaker’s dedication has paid off as new all-electric vehicles are […]

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Solis Launches New 350Kw Inverter For Indian Market

Global energy solutions company Solis recently launched its new 350Kw inverter at a grand event in India. This launch comes at a time when the company achieved a cumulative shipment milestone of 4 GW to the Indian market. The newly unveiled 350KW inverter is designed to cater to the expansive needs of the utility solar […]

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Li-Ion Batteries To Face Competition From Long-Duration Storage: Report

Global energy research body BloombergNEF Research recently released a report analyzing the Long-Duration Energy Storage (LDES) growth and compared its efficacy with the popular Lithium-ion batteries. The study found that the LDES has witnessed rapid growth which garnered interest worldwide. The report anticipates that LDES will out-compete with lithium-ion batteries in some markets as decarbonization […]

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Sunniest Countries Failed To Tap Solar Power: EMBER

Solar capacity additions surged 74% in 2023, reaching a record 346 GW annual additions, according to a report by EMBER. The EMBER research showed that “Globally, only 14% of solar capacity was installed as of 2023 (204 GW) was in markets with solar insolation above the global average. Other countries such as, Japan saw 13 […]

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The Top 5 Challenges For Green Hydrogen To Overcome

Hydrogen as a source of energy isn’t a new concept and is dubbed as a potential alternate energy source for over a century now. However, most hydrogen produced today is generated using fossil fuel energy, a source to about a billion tons of CO2 emissions equivalent per year. The concept of green hydrogen, promising considerable […]

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