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In a major announcement that will give India’s Hydrogen projects a push, the European Investment Bank (EIB) has given its nod on joining the India Hydrogen Alliance (IH2A) and provide impetus to green hydrogen hubs on large scale for projects located in India. Following Indian government and EIB approvals, the funding is pegged at close […]
The Climate Investment Funds (CIF) has decided to provide a $70 million loan to the South American country of Colombia at a low interest rate to enable the country to transition to clean energy. With this, Colombia will become the first country to benefit from CIF. The fund was created for speedy growth of renewable energy […]
If you thought that the renewed push for manufacturing in the US, EU and even India for that matter, was linked to countering China’s dominance of global manufacturing, think again. The European Union has finally released details of its $270 billion Green Deal Industrial plan to spur manufacturing in the continent. In what many see […]
Budget 2023-2024, lacking any big ticket announcements save the focus on green growth has been welcomed guardedly by industry. Plaudits have come from the EV sector, where the exemptions granted for Lithium Ion battery manufacturing have been welcomed. However, solar developers have been left hoping that the focus on transmission will strengthen the grid, helping […]
Global e-commerce giant Amazon has added a remarkable capacity of 8.3 GW in 2022 in terms of renewable energy. The company has made these additions through 133 new projects in 11 countries. The official statement, the company held that now the total portfolio is over 20 GW which is enough to power 5.3 million U.S. […]
Investments in the renewable energy sector continue to power the energy transition underway, away from fossil fuels. As per a Bloomberg NEF (BNEF) report called ‘Energy Transition Investment Trends 2023’, for the first time, global investment in low-carbon energy technologies worldwide was roughly equivalent to amount invested in fossil fuels. The amount of investment in […]
The calendar year 2022 turns out to be a significant year for electric vehicles (EVs) with sales hitting new highs globally and in India. According to data available at the VAHAN portal, EV sales grew from 3.2 lakh units in 2021 to nearly 10 lakh units in 2022, a growth of over 200 per cent. […]
Hero Electric has announced that it has entered into a long-term partnership with the EV solution provider Maxwell Energy for the procurement of advanced battery management systems (BMS). Under the new partnership, Mumbai-based Maxwell Energy will supply for the coming three years its advanced battery management systems to Hero Electric. As per the announcement, Hero […]
Automakers are exploring the possibilities of enhancing battery technology seeking a fit with the growing expectations of the EV industry. Solid-state battery is one such technology that can disrupt the existing power storage market for EVs. As per some forecasts, the Solid-state battery market size will reach $13.15 billion by 2030 from $805 million in […]
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