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energy storage

RMI Foresees Cleantech To Drive 10% Of Global GDP Growth 

The Rocky Mountain Institute (RMI), a US-based research organization, has recently published a report forecasting significant growth in the cleantech sector. According to the report, solar energy installations are expected to reach 1,000 GW annually, accompanied by sales of 6,000 GWh of batteries per year. These advancements are crucial in achieving the sector’s goal of […]

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Bhutan Makes A Serious Push For Solar In 2024-25

Bhutan, one of the world’s few carbon negative countries, hasn’t felt the urgency to add more renewables to its significant hydropower  resources until now. In its 2024-25 budget report, the country has finally made a serious start to plans to add other renewables, notably solar and wind energy to its energy mix. The document, which […]

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NTPC May Take Up Its Renewable Portfolio To 30 GW Soon

India’s power behemoth, NTPC Limited is now all set to achieve 30 GW of renewable capacity in the next few years. As per the top management of the company the company currently has a total renewable portfolio of 3.6 GW. However the current pace of works goes on, the Indian Central Public Sector Enterprise (CPSE) […]

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Top 5 Non-Chinese Solar Manufacturers Disrupting China’s Stronghold

Non-Chinese solar manufacturers are making significant strides across various regions, challenging the long-standing dominance of Chinese companies in the solar market. Currently, China leads the world in solar panel manufacturing, with major players like JA Solar, Trina Solar, and JinkoSolar at the forefront. Chinese companies control over 80 per cent of the global market share […]

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Lectrix EV to Supply Electric 2Ws to ZEVO Mobility

Lectrix EV and ZEVO, a major player in the electric mobility space, have signed a strategic cooperation. Lectrix EV is a member of the SAR Group, which has been on the market for more than 30 years and is known for consumer names including Livpure and Livguard. The company has six R&D sites and works […]

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Thailand, India Can Pose Challenge To China’s EV Market: Report

Bloomberg’s recent report indicated a general trend where, electric vehicles (EVs) are displacing 1.7 million barrels per day of oil usage, which is equivalent to about 3% of total road fuel demand. Currently. there are 722 million passenger EVs that are expected to be on the road in 2040 in the Economic Transition Scenario.  The Bloomberg […]

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With Latest Funding, Battery Smart To Expand Services In More Cities

Indian battery swapping company Battery Smart announced it has raised $65 million in a Series B funding round led by LeapFrog Investments, the pioneering profit with purpose firm. The equity round consisted of a mix of primary and secondary investments and saw participation from new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund […]

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Volkswagen’s Charging Brand Elli Partners PV Provider Otovo For Home Charging Solutions

German auto major Volkswagen Group continues to pivot towards an electric vehicle future. Elli, its home grown brand for charging and energy, and Otovo, the leading European solar platform have  announced their strategic partnership. Their joint goal is to offer a holistic solution that combines clean solar energy with electric mobility. Together, Elli and Otovo […]

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Tracxn Environment Tech Report 2024- Funding Drops, But Share Improves

Startup Research firm Tracxn released a special Environment funding report on World Environment Day last week. A Key Finding was the rise of Equity funding for Environment Tech companies in proportion to global tech funding. In 2024, close to 10% of all equity funding has gone into startups in the environment tech sector. A significant […]

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