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energy markets

California’s Pathway Power Raises $36 Million from The Forest Road Company

Forest Road Renewables, a climate-focused infrastructure platform within financing firm The Forest Road Company, has announced a $36 million strategic investment in Pathway Power, a battery storage developer based in California. With the funding, Pathway Power will expand its portfolio of clean energy projects, which was designed to produce over 2 GW of energy across […]

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Spain’s PV Hardware to Set Up Solar Tracker Facility in USA

Global solar tracker manufacturer PV Hardware (PVH) has announced plans to set up a large manufacturing unit in Texas, United States of America, to localise its products to supply for projects across North America. The company said that the capacity of the new facility will be 6 GW and it will be operational by June […]

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US-Based Odyssey Raises $5.34m to Expand Distributed RE

US-based Odyssey Energy Solutions has announced that it has raised $5.34 million in new funding led by Equal Ventures, a venture capital investment firm based in New York,. The participating investors include Twelve Below, Abstract Ventures, Founder Collective, and MCJ Collective. Odyssey offers an end-to-end solution to finance, build and operate distributed energy projects at […]

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On World EV Day, Startups Are More Optimistic Than Ever About The Future

September 9, designated as World EV day has come around again, and this time, we can truly say that a new sense of optimism pervades the sector. Yes, there have been the usual hiccups, including the not so minor issue of quality control over the Lithium ion batteries that power most EVs, but it would […]

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World EV Day: EV Market Closing Gap With ICE Vehicle Market

It is that time – September 9, World EV Day. The day is marked as a significant event for the world that looks towards a future of clean transport. World EV Day is a global movement, a day of celebration of e-mobility, and a day to shift the transition to sustainable transport with consumer, business […]

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RWE Renewables Wins German North Sea Wind Auction for 980 MW Project

New York-based RWE Renewables Offshore HoldCo Four GmbH has won a tender from the German Government for the development of an offshore wind energy farm of capacity of 980 MW in the German North Sea. RWE had proposed to develop the wind farm in N-7.2 Zone that too without availing the state subsidies. Klaus Müller, […]

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Togo Invites RFP for 50 MW Solar Under World Bank’s Scaling Solar Program

Togo’s government has issued a request for proposals (RFP) from shortlisted bidders for a 50 MW grid-connected solar PV tender held in December 2019 as part of the Scaling Solar Initiative of the World Bank Group. The last date for submitting the online bid is December 15, 2022. To build two solar PV projects with […]

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Start-Up Jungle Raises €5 Million to Deploy AI Technology in RE Sector

Dutch artificial intelligence start-up Jungle has announced that it has closed a €5 million Series A funding round led by SHIFT Invest- Dutch venture capital fund  complemented by Rocks International Group, EDP Ventures, Gorilla Growth Capital and Future Energy Ventures. Jungle said that the funding will allow it to speed up the deployment of its […]

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Reliance Industries to Acquire Majority Stake in Solar Digital Platform SenseHawk

Reliance Industries Limited (RIL) has signed definitive agreements to acquire a majority stake in California based SenseHawk for a total transaction value of USD 32 million, including funding for future growth, commercial rollout of products and R&D. Founded in 2018, SenseHawk is an early-stage California-based developer of software-based management tools for the solar energy generation industry. SenseHawk […]

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