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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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Punjab Invites Bids for 217 MW Solar Power Projects Under PM-KUSUM

The Punjab Energy Development Agency (PEDA) has invited applications from farmers, groups of farmers, panchayats, cooperatives, Farmer Producer Organisations (FPOs) and water use associations in Punjab for setting up of solar power plants of individual capacity of 1MW, 1.5 MW and 2 MW. the move comes even as Punjab struggles to find a way out […]

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Bharat Serums acquires 26% stake AMP Energy C&I One

Bharat Serums and Vaccines (BSV), a leading biopharmaceutical company in India, has announced that it has acquired a 26% stake in AMP Energy C&I One. Though both the companies have not yet disclosed the financial details of the deal, the acquisition is meant to supply green energy for its manufacturing facility in Ambernath in Maharashtra. […]

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E2S Power, IPCL Come Together for Energy Storage Solutions

E2S Power and India Power Corporation Ltd (IPCL) have signed a Memorandum of Understanding (MoU) to collaborate to transform power stations that run on fossil fuel in India into thermal energy storage (TES) systems for renewable energy. E2S Power is a thermal energy storage solutions developer and IPCL is a power utility company. The twin objectives of […]

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ThomasLloyd Energy Will Buy 43% Stake in SolarArise India

The Indian Government has given a go ahead to the proposal of ThomasLloyd Energy Impact Trust Plc to purchase 43% stake in SolarArise India Projects Pvt Ltd. The deal comes at $34.6 million (Rs 265 crores approx.) That values Solar Arise at  approx. Rs 620 crores. ThomasLloyd says that in the second quarter of this […]

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Andhra High Court Rules in Favour of Solar, Wind Developers

In a judgement that seeks to put to rest all uncertainties regarding the sanctity of Power Purchase Agreements and the competency of experts who decided on rates, the Andhra Pradesh High court has ruled in favour of solar and wind developers in the case against the state discoms, and by default, the Andhra state government. […]

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Natural Battery Technologies Develops Long Range Batteries

The evolving EV opportunity continues to throw up more and more startups with ambitious plans. The latest is Jaipur based Natural Battery Technologies, a Lithium-Ion Battery manufacturers in India, is actively developing high performance batteries with increased safety parameters. The firm claims that its battery packs are weather proof and made of strong external closures. […]

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Tobacco Major VST Industries Adds 1 MW Solar to HO

As part of VST Industries commitment to sustainability, the Company has commissioned a solar plants totaling 1 MW for its manufacturing units. These plants will provide about 25 percent of the Company’s energy needs. This will result in cancelling out a total of 1310 MT of carbon dioxide emissions. Energy generated from these plants will […]

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