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EESL Registers 70% Consolidated Revenue Growth in FY19

EESL has announced standalone financial results for the fiscal year 2018-19, posting Revenue Growth of 70%. Energy Efficiency Services Limited (EESL), a joint venture of PSUs of Ministry of Power (Govt. of India), registered a revenue of Rs 1,935 crores in FY19, a 37% increase over the previous fiscal, and pre-tax earnings growth of 178% […]

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Belectric Commissions 1.9 MWh Battery Storage Facility for Audi

German EPC player, Belectric has announced that a new battery storage facility was officially inaugurated at the EUREF Campus, a green innovation cluster in Berlin.  The company was contracted to build the battery storage facility for Audi, with its 20 batteries sourced from test vehicles belonging to the car manufacturer. The system is part of […]

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Flexible Lithium Textile Battery Could be a Breakthrough in Wearable Tech

The lightweight Textile Lithium Battery offers high energy density and excellent flexibility.  A group of scientists at the Hong Kong Polytechnic University has developed a thin, highly flexible textile lithium battery that could safely power wearable electronics used in healthcare monitoring, smart clothes and Internet of Things (IoT).  The battery, which is less than 0.5 mm […]

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Enel, Enertag and Leclanche Commission 22 MW Storage System in Germany

The system, which involved a total investment of approximately 17 million euros, is supporting the stability of the German electricity network by providing frequency regulation services to the country’s Primary Control Reserve (PCR) market. Enel Green Power Germany (EGP Germany), Germany-based renewable energy company Enertag and Swiss energy storage solutions company Leclanché recently inaugurated the […]

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EVs, Batteries Can Drive Solar Rooftop Growth, Says Report

In order to boost the growth of renewable energy including solar rooftop, the dropping costs of electric vehicles (EVs) and batteries with equal grid market access can be helpful, says the report released by the Institute for Energy Economics and Financial Analysis (IEEFA). This ‘Electric Vehicles and Batteries Can Drive Growth of Residential Solar’ report […]

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Impact of Smart Charging EVs on the Energy Transition

The International Renewable Energy Agency (IRENA) recently issued its review analysis on the potential and impact of smart charging electric vehicles on the energy transition. Today the average car runs on fossil fuels, but growing pressure for climate action, falling battery costs, and concerns about air pollution in cities, has given life to the once […]

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MNRE Approves Connection of Old Off-Grid Solar Plants to the Grid

The Ministry of New and Renewable Energy (MNRE), acting on requests made by implementing agencies has allowed old off-grid solar power plants to be connected to the grid wherever possible. State nodal agencies and/or implementing agencies under the off-grid and decentralised solar PV applications programme had requested the ministry for allowing the connection of the […]

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Solar power, EVs Become Top Attractions in India Fund Fest

The selection of these startups was made by an eminent jury and through a proprietary ‘Investor Readiness Report’ process, ensuring the companies are thoroughly vetted After two successful editions of India Fund Fest, the third edition amassed 25 Crores on its first day. The contestants of the India Fund Fest range from product designers or […]

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