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Rs 18,100 crore Battery PLI Finally Picks 4 Firms

Confirmation has finally come that the four companies selected for the Advanced Cell Chemistry (ACC) or the Battery PLI scheme ACC Storage are Reliance New Energy Solar Limited, Ola Electric Mobility Private Limited,  Hyundai Global Motors Company Limited and Rajesh Exports Limited. These companies will received the first slew of incentives to support cell production […]

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Exicom completes installation of 5,000 EV chargers in 4 years

Power solutions provider Exicom has completed the installation of 5,000 EV chargers across 200 cities, making it the biggest EV charging facilitator in the country, the company claimed earlier. The installations include 3,600 AC and 1,400 DC chargers. The company had installed its first EV charging facility at Lodhi Estate, New Delhi, in 2018. The […]

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MHI sanctions 2877 EV charging stations under FAME Phase-II

The Ministry of Heavy Industries (MHI) has sanctioned 2877 charging stations in 68 cities across 25 states/UTs under Phase-II of FAME India Scheme. The details of solar-based charging stations sanctioned and installed in the cities and states under FAME India Scheme Phase-II are as follows: Additionally, MHI has sanctioned 1576 EV Charging Stations across 16 […]

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SK E&S acquires EverCharge, sets foot in US EV charging market

Korean LNG player SK E&S is entering the U.S. electric vehicle charging market, an official announcement said. On March 23, SK E&S announced the acquisition of EverCharge, an EV charging solution provider in the U.S. This is reportedly the first time a Korean company has acquired the management rights of an EV charging company based in the U.S. […]

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TCC builds new gen EV charging infra with 7-ELEVEN in Taiwan

Taiwan Cement Corp’s subsidiary NHOA.TCC and President Chain Store’s subsidiary 7-ELEVEN have announced the “New Energy, New Lifestyle” plan to jointly build a new generation of electric vehicle (EV) charging infrastructure that combines green energy, energy storage and EV charging services. NHOA.TCC’s first EV charging infrastructure is located at Taiwan’s Hualien’s City’s most popular tourist […]

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Eversource Capital Is Majority Owner in Lithium Urban After Fresh Funding Round

EverSource Capital (EverSource), manager of India’s largest climate impact fund, announced on March 21 that it has invested in Lithium Urban Technologies Pvt Ltd. (Lithium) for a majority stake. Lithium is the largest operator of electric cars in India, providing services to 50+ clients since 2015 with a presence in 15+ cities. Eversource is a […]

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Ola Electric Invests in ‘Extreme Fast’ Charging Firm StoreDot

Bengaluru based Ola Electric has invested an undisclosed amount in Israeli start up StoreDot, a battery technology company that promises “extreme-fast charging” batteries for electric vehicles (EV). Ola electric called the investment strategic in nature, without disclosing the amount invested. StoreDot, in its last funding round of $60 million, had reportedly been valued at $1.5 […]

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Sungrow Supplies Shanghai’s First Road DC 120 kW Fast EV Charger

Sungrow installed its integrated DC electric vehicle charger rated at 120kW in downtown Shanghai, China. It’s the first operational road DC fast EV charging station in Shanghai that successfully meets the growing charging demand for EV and offering more advantageous charging access for residents. Sungrow says that while EVs are quickly evolving, there is an […]

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India’s leading Industrialised states continue to lead the solar push also

The Indian renewables sector made many a strong effort towards advancement last year, with PM Narendra Modi committing to a new target of achieving net-zero carbon emissions by 2070. the nation continued to add green power capacity, and the country’s two richest business tycoons laid out plans to invest thousands of crores in the sector. […]

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