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Investment In Renewable Energy Matches Fossil Fuels in 2022 For First Time BNEF

Investments in the renewable energy sector continue to power the energy transition underway, away from fossil fuels. As per a Bloomberg NEF (BNEF) report called  Energy Transition Investment Trends 2023, for the first time, global investment in low-carbon energy technologies worldwide was roughly equivalent to amount invested in fossil fuels. The amount of investment in []

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BMW & Solid Power Partnership For Solid-State Battery Technology

Automakers are exploring the possibilities of enhancing battery technology seeking a fit with the growing expectations of the EV industry. Solid-state battery is one such technology that can disrupt the existing power storage market for EVs. As per some forecasts, the Solid-state battery market size will reach $13.15 billion by 2030 from $805 million in []

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Log9 Materials Secures $40 Million in Fresh Funding From Amara Raja & Others

Last week, Bangalore based deep-tech battery start-up Log9 Materials had scooped up over $11 million in a Series B round, which was led by PTV International Ventures and participated by key investors like SiriusOne Capital and Cornerstone Ventures.  Now, the startup has announced that it has raised $40 million or Rs 325 crore approximately in []

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Sungrow & SOL+ Distribuidora Forge Partnership for 500 MW Inverter Distribution in Brazil

Developer and producer of photovoltaic inverter technology, Sungrow, and SOL+ Distribuidora, the new business front of Holding SOL Copérnico, based in Brazil, have entered into a partnership facilitating distribution for the Brazilian market. As per the agreement, SOL+ will be responsible for the distribution of 500 MW of on-grid Sungrow photovoltaic inverters in all of []

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Generate Hydrogen & Electricity, Charge Vehicles: Wind Turbines That Do It All!

The convergence of climatetech and entrepreneurship has given the world some of the best energy solutions. In a recent development on this front, US-based Wingardium energy is building as well as distributing innovative wind turbines made by Kohilo Wind. These wind turbines are an interesting invention that generate hydrogen and electricity at the same time. []

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Saera Electric Auto Enters into Vehicle-Financing Tie-up with AMU Leasing

Electric vehicle maker Saera Electric Auto Private Limited (SEAPL) has entered into a vehicle financing contract with non-banking financial company (NBFC), AMU Leasing Pvt. Ltd (ALPL). The agreement paves the way for the customers of SEAPL looking to buy electric vehicles to avail financing options from ALPL.  Manufacturers have been seeking tie-ups to speed up []

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SUN Mobility, Pilipinas Shell to Bring Battery Swapping Technology to Philippines

A provider of energy infrastructure and services for electric vehicles (EVs), SUN Mobility, has announced that it has recently signed a strategic agreement with the Pilipinas Shell Petroleum Corporation. The partnership will explore the pilot deployment of SUN Mobilitys advanced battery-swapping technology in the Philippines for two and wheel-wheel electric vehicles. Philippines-based Pilipinas Shell Petroleum []

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SolarEdge Launches New Battery Cell Line for Stationary Energy Storage

Israel-based maker of solar inverters, power optimizers and monitoring systems, SolarEdge Technologies has announced that its Energy Storage Division has begun shipping new battery cells designed for stationary energy storage applications. SolarEdge said in its official statement that the new line of Nickel Manganese Cobalt (NMC) pouch cells, manufactured at Sella 2, the Companys new []

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HOP Electric Launches E-Scooter LEO Priced Below Rs 1 Lac

Leading electric two-wheeler manufacturer, HOP Electric, has launched the a high-speed variant of its best-selling electric scooter, HOP LEO. HOP Electric says that the launch of the new e-scooter further reinforces HOP Electrics aim to offer cost effective mobility to customers as it is priced below 1 lac. Consumers can purchase this electric two-wheeler at []

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