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European Investment Bank to Support EU Communities with US$10 Billion

The European Commission (EC) and the European Investment Bank (EIB) have decided to contribute €10 billion (US$10.1 billion) in support of areas most impacted by the transition away from fossil fuels as the continent struggles with how to decarbonize without leaving communities behind amid a severe energy crisis. The Public Sector Loan Facility, the third […]

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Spain’s PV Hardware to Set Up Solar Tracker Facility in USA

Global solar tracker manufacturer PV Hardware (PVH) has announced plans to set up a large manufacturing unit in Texas, United States of America, to localise its products to supply for projects across North America. The company said that the capacity of the new facility will be 6 GW and it will be operational by June […]

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US-Based Odyssey Raises $5.34m to Expand Distributed RE

US-based Odyssey Energy Solutions has announced that it has raised $5.34 million in new funding led by Equal Ventures, a venture capital investment firm based in New York,. The participating investors include Twelve Below, Abstract Ventures, Founder Collective, and MCJ Collective. Odyssey offers an end-to-end solution to finance, build and operate distributed energy projects at […]

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Deutsche Bahn, Kia Partner To Convert Used Batteries Into Storage Systems

The Korean automaker Kia and Germany’s Deutsche Bahn (DB) have announced a partnership to increase the useable life of batteries used in electric mobility. Their solution is to re-use used lithium-ion batteries from electric vehicles to create efficient and cost-effective energy storage systems for green electricity. The official statement says that the second-life battery energy […]

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Nova Bus Completes Altoona Test for 100% Battery-Electric Bus

The LFSe+, a long-range, 100 percent battery-electric bus produced by Nova Bus, a member of the Volvo Group, has completed the Federal Transit Administration’s (FTA) bus testing program at the Altoona Bus Testing Center in Pennsylvania. Through a series of tests whose outcomes are impartially examined, this stringent evaluation seeks to guarantee the safety and […]

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Growatt In Tie-up With Turkey’s Form Elektrik for 300 MW C&I Focused Solar Project

Turkey-based Form Elektrik and China-based Growatt have agreed on a joint 300 MW solar project. This collaboration will help to satisfy market demand for reliable and cutting-edge solar energy products and solutions, especially in the C&I solar industry in Turkey. Growatt claims that it provides industry’s most potent C&I inverters, the MAX 100-125KTL3-X and MAX […]

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Amplus Solar Adds Mahindra’s Three-Wheeler EV Zor Grand To Mobility Fleet

The electric mobility vertical of Amplus Solar has signed an MoU with Mahindra Electric to procure Zor Grand, which Mahindra claims to be its brand-new breakthrough three-wheeled electric vehicle. Amplus Solar is a member of the Malaysia-based Petroliam Nasional Berhad (PETRONAS) group and is headquartered in Gurugram, India. Amplus Solar held that with this addition, […]

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IEX Total Trade Volume Plunges by 18% YoY in August ’22

The Indian Energy Exchange, India’s premier energy exchange, achieved 7805 MU volume in August 2022, registering a 9% MoM growth. This comprised 6517 MU in the conventional power market, 437 MU in the Green Power Market, and 851 MU (8.51 lac Certificates) in the REC Market. The total volume in the said period was lower […]

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Canada’s Zinc8 Produces its First Zinc-Air Batteries for US Market

Canada-based energy solution provider company, Zinc8 has announced recently its first commercial production facility (zinc air batteries) will be built in New York. The recently released US Inflation Reduction Act (IRA) manufacturing production credits offer distinct and direct benefits to Zinc8, impacting its production plans in the US, according to a thorough study performed by […]

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