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energy markets

US Based Posigen, Provider Of Solar To Lower Income Households, Gets $100m Funding

PosiGen, a leading New Orleans, US based provider of renewable energy and efficiency solutions for low-to-moderate income (LMI) households, has confirmed the close of a $100 million preferred equity financing. Magnetar Capital’s Energy & Infrastructure group was the lead investor in the financing and will nominate two new directors to join PosiGen’s Board of Directors. Existing […]

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CSP Player Heliogen Rounds off 2021 With Completion Of Merger With Athena

For California-based Heliogen Inc., a provider of AI-enabled concentrated solar power, 2021 has been an exciting year, peppered with attractive investments from and valuable collaborations with major companies, especially in the mining and metals industry. Founded in 2013, Heliogen aims to alleviate the intermittency issues of renewable power generation sources. Its technology is designed to […]

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Solar Innovation In Rooftop Set to Boom

Rooftop solar has been a very popular choice in recent years for markets like the US and Australia, where they are being seen as solutions to not just lower emissions, but also secure energy for owners in difficult situations. In the last decade alone, in the U.S, the number of solar panels installed has gone […]

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British EV Mfr One Moto to Install ₹250-cr Unit in Telangana

One-Moto, the British brand for premium EVs in India, has announced an MoU with Telangana Government for setting up its India manufacturing unit, which will reportedly require an investment of up to ₹250. The new facility will be slated at the outskirts of Hyderabad as it seems to be the key market for EVs, with […]

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Oil India to Install 100 kW Green Hydrogen Facility in Assam

Oil India Ltd is setting up a plant to manufacture green hydrogen at its Jorhat oilfield in Assam, the nation’s second-largest state-owned oil explorer said in a statement. “To strengthen its bouquet of clean energy offerings”, the company has initiated action for setting up a 100 kW green hydrogen plant at its Pump station-3 in […]

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US Firm MW Solar Secures CAD 50 M Invt Commitment to Go Public

US firm MW Solar has signed an agreement with GEM Global Yield, a Luxembourg-based private alternative investment group, to receive a share subscription facility of up to CAD 50 million for a 36-month term following a public listing. The share subscription facility will allow MW Solar to draw down funds by issuing shares of common […]

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Amara Raja To Invest €10 million In EV Battery Specialist Inobat Auto

India’s second largest battery maker, Amara Raja Batteries is investing €10 million in InoBat Auto, a Norway based firm focused on research and development in the field of batteries for electric vehicles and production of lithium-ion battery cells as well as tailored and customs cells. The investment will be in the form of a subscription […]

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CESL Distributes 50 Lakh LED Bulbs to Illuminate Indian Villages

Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has distributed 50 lakh LED bulbs under Project Crore of their Gram Ujala programme, a press release said. The Gram Ujala scheme is being implemented in rural households in Bihar, Uttar Pradesh, Andhra Pradesh, Karnataka, and Telangana. Led by Union Power […]

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New Report Offers Insight on Lowering Commercial EV Battery Costs

A steady stream of headlines illustrates significant progress in commercial vehicle markets. New technologies come to market regularly, and tens of millions of incentive voucher dollars are fully reserved in minutes. However, the zero-emission electric commercial vehicle market has a challenge at its core – battery costs and sourcing and supply conditions. Clean transportation solutions […]

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