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Germany Pledges €10 billion support for India to achieve 500GW RE by 2030

Prime Minister Narendra Modi and Germany Chancellor Olaf Scholz signed a joint declaration in Berlin according to which Germany has pledged €10 billion ($10.52 billion) support to India until 2030 to help the country meet its target of raising its non-fossil energy generation capacity to 500 GW. PM Modi and Chancellor Scholz signed a joint […]

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NSEFI Writes To Fin Min For GST Concessions On Green Technologies

Leading solar body NSEFI (National Solar Energy Federation of India) has pitched to Finance Minister Nirmala Sitharaman, asking for concessional GST and custom duties on emerging technologies and goods essential to encouraging the green transition. “As emerging technologies require time and scale to reach price parity with existing carbon-based energy systems, concessional GST & Custom […]

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IESA all set to host India Energy Storage Week 2022 this May

In a bid to accelerate the adoption of energy storage, e-mobility, green hydrogen & micro-grids in India, India Energy Storage Alliance (IESA) is all set to host its flagship annual hybrid conference and exhibition, said an official statement. The ‘India Energy Storage Week (IESW)’ exhibition will be conducted from May 1 to May 6, along […]

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US startup raises $4.2 M to make affordable Green H2 for heavy industry

Advanced Ionics, a US-based provider of next-generation industrial electrolyzers that can produce green h2 for less than $1/kg, has announced the closing of its initial financing of $4.2 million led by Clean Energy Ventures, a venture capital firm funding early-stage climate tech innovations, with participation from SWAN Impact Network. “By requiring significantly less electricity than […]

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ONGC inks MoU with Norway’s Equinor for E&P, clean energy

State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday said it has signed a pact with Norwegian energy giant Equinor ASA for collaboration in oil and gas exploration and production as well as clean energy projects. The memorandum of understanding (MoU) was inked on April 26, the company said in a statement. The agreement is […]

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IEEFA: Widespread adoption of carbon capture, utilization and storage technologies in South East Asia remains highly unlikely

Carbon, capture, utilization and storage (CCUS) is increasingly attracting attention in South East Asia. However, in the absence of the right drivers, its prospect in the region remains questionable, according to IEEFA’s latest report on CCUS in South East Asia. “CCUS can be viable when placed under a certain operational context, such as a high […]

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Saudi Arabia will Purchase Up to 100,000 Electric Vehicles from Lucid Group

America’s electric vehicle manufacturer Lucid Group has announced that it has signed an agreement with the Government of Saudi Arabia, under which the Government will purchase up to 100,000 vehicles over a ten-year period. Saudi Arabia has made an initial commitment to purchase 50,000 vehicles and an option to purchase up to an additional 50,000 […]

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NTPC, Energy Vault sign MoU for gravity-based energy storage tech

NTPC Limited, the largest power generating utility in India, has announced that it has signed a Memorandum of Understanding (MoU) with Energy Vault Holdings, Inc. The objective of the MoU is to collaborate and formalize a long-term strategic partnership for the deployment of Energy Vault’s EVx™ gravity-based energy storage technology and software solutions based on […]

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Major Japan railway now powered only by renewable energy

Shibuya in Tokyo, Japan, is famed for its Scramble Crossing, where crowds of people crisscross the intersection in a scene symbolizing urban Japan’s congestion and anonymity. It may have added another boasting right. Tokyu Railways’ trains running through Shibuya and other stations were switched to power generated only by solar and other renewable sources starting […]

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