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Mitsubishi and Chubu Complete EUR 4.1 Bn Acquisition of Eneco

Mitsubishi and Chubu Electric have officially acquired all shares of Eneco through its joint venture for a total value of 4.1 billion euros In November 2019, Mitsubishi Corporation (MC) and Chubu Electric were selected as the preferred buyers in a bid for the Dutch Energy Company – Eneco. Both firms had since been completing the […]

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EESL Tenders for PCS and Fast Combo Chargers for EVs

EESL has issued a tender for the supply and installation of power conversion systems (PCS) and fast combo chargers for electric vehicles (EVs). Energy Efficiency Services Limited (EESL) has issued a tender, inviting bids from eligible bidders for the supply and installation of power conversion systems (PCS) and fast combo chargers for electric vehicles (EVs). […]

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Lockdown Sees Power Demand Drop by 20 GW; Spot Power Price Touches 60p

The nationwide lockdown has wiped away the power demand by as much as 20 GW and forced the spot power price of electricity drop to a three-year low of 60p According to data made by available by the Indian Energy Exchange (IEX) the nationwide 21-day lockdown which has seen all factories and businesses shut down […]

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Nordex Bags Order for 400 MW Wind Turbines in Norway

The Nordex Group has received a large order for 400 MW from Norway using wind turbines in the 5 MW+ class at the Øyfjellet wind farm The Nordex Group has received a large order for 400 MW from Norway using wind turbines in the 5 MW+ class. The firm will supply and install 72 N149/5.X […]

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India among Top 10 Power Consuming Countries Globally

With electricity consumption reached to 1,164 TWh in the country till November 2019, India ranked third among the top ten electricity consuming countries across the globe, as per the key statistics data of IEA. Power consumption is undoubtedly one of the major parameters which define the speed of growth and development of any country. Asian […]

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mPower Raises Addl $1.85 Mn in Series A Funding

New Mexico headquartered innovative solar technology solutions provider, mPower Technology has raised an additional USD 1.85 million in Series A funding. Now, the company has an aggregate investment of USD 4.35 million in Series A round of funding. The company said that this extension round included investments from Cottonwood Technology Fund, NMA Ventures, and various angel investors. On investing in mPower, […]

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Startup Feature – Cell Propulsion

Total employees: 30 Key operational areas (Products, Regions, Clients) The company is poised to drive massive growth of nascent heavy electric commercial vehicle market and capture its major share. It is developing connected, electric powertrains for electric buses. They will be used to electrify the fleets of 12m, 16ton city transport buses. The company is […]

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New York Announces Awards for 21 Renewable Projects Worth 1278 MW

New York has unveiled the details of the awards for 21 large-scale solar, wind, and energy storage projects totaling 1,278 MW of new renewable capacity. (Updated on March 25, 2020) New York Governor Andrew M. Cuomo recently unveiled the details of the awards for 21 large-scale solar, wind, and energy storage projects across upstate New […]

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EVs Emit Less CO2 Than Conventional Vehicles: Study

EVs produce less CO2 than petrol cars across the globe, even if electricity generation involves substantial amounts of fossil fuel, according to a new study Electric vehicles (EVs) produce less carbon dioxide (CO2) than petrol cars across the globe, even if electricity generation involves substantial amounts of fossil fuel, according to a study which projects that in 2050 every second car on the […]

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