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BluSmart Secures Rs. 200 Cr In Pre-Series B Funding Round

BluSmart, the Gensol backed EV RideHailing service provider recently completed its Pre-Series B funding round, in which the company secured Rs. 200 Crore (USD 24 million). The funding will further assist BluSmart in expanding its EV operations and building EV charging infrastructure in major Indian cities. This new investment round saw participation from new investors []

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Surat Hazira NH6 Commissions 180 kW Solar Power Plant

In a positive sign of how things are changing on the ground, Surat Hazira NH-6 Tollway Pvt. Ltd. has achieved a significant milestone  with the commissioning of a 180 kilowatt (kW) solar power plant at the Mandal Toll Plaza .  The solar power plant is expected to generate 2.26 lakh units of electricity annually, effectively []

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SolarEdge To Rollout Energy Optimisation Software Platform

Provider of smart energy technology, SolarEdge Technologies, Inc., announced the global launch of SolarEdge ONE for C&I, a complete software-based energy optimization platform for commercial and industrial (C&I) solar applications. It is anticipated that this platform will be widely accessible in the upcoming months. The companys energy optimization platform, SolarEdge ONE for C&I, was created []

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Exicom Launches DC Chargers With Power Outputs Up To 400kW

Exicom, an electric vehicle (EV) charging and critical power solutions provider in India, launched fast DC Chargers up to 400kW. The newly launched Harmony Gen 1.5 DC Fast Chargers are bundled with a range of advanced features including an advanced AI-driven remote management system. It has high operational efficiency, integrated ambient lighting, and many features []

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Tata Power Results In Line With Expectations, Q4 Profits Up 18%

Tata Power has announced its Q4 results. During the year, the firm owned its highest-ever PAT of 4,280 crore and Revenue of 61,542 crore for FY24  Q4 FY24 PAT up 18% to 1,109 crore, making it the 18th consecutive quarter of PAT growth During the quarter, the companys renewables portfolio crossed the []

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IEA Report Advocates Digital Integration Of Power Grids To Boost Efficiency

A latest report from the International Energy Agency (IEA) report highlighted the importance of matching growth with clean energy transition through digital power grids.  The IEA report presented electricity transmission through the power grid as an alternative to support urban areas with more than 80% of the global GDP. They report contribute to more than []

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Fortum Sells Stake In Indian Solar Portfolio To Gentari Renewables

Finland-based Fortum sold its ownership in the 185-MW Indian solar portfolio and is considering alternatives for its remaining operations in India. Fortum signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Malaysia-based Gentari Renewables India Pte. Ltd., a subsidiary of clean energy solutions provider Gentari Sdn. Bhd. Gentari []

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News Briefs May 3 -Envirospark, GAF Energy, REC Silicon, DOE Grants

EV Charging Company EnviroSpark Secures $50 Million Investment from Basalt Infrastructure Partners US electric vehicle (EV) charging company EnviroSpark Energy Solutions announced it has secured a $50 million investment by funds advised by Basalt Infrastructure Partners an infrastructure equity investment firm focusing on investments in Europe and North America. This investment will enable EnviroSpark to []

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BII Invest $19 Mn To Expand CHARGE Zone Network In India

CHARGE ZONE, secured a $19 million commitment from British International Investment (BII), the UKs development finance institution (DFI) and impact investor.  CHARGE ZONE, is an Indian electric vehicle (EV) charging network provider, and DFI is the UKs development finance institution. This collaboration forms part of their long-term plan to create a network of one million []

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