sustainability

Czech Auto Major Skoda Runs Dealership on 2nd Life Lithium Ion Batteries

Skoda, the Czech automobile manufacturer is powering its dealerships in Prague using power generated through second-life lithium-ion batteries from its PHEVs and BEV models. It has announced plans to install power hubs made from its own old electric vehicle (EV) batteries, across its retailer network around the country. This comes under a partnership of Skoda […]

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NTPC Investor Presentation Q1 FY21: focus on Renewables, Sustainability

At the 17th Annual Analysts and Investors Meet of NTPC Limited, the Indian electric utility highlighted its key achievements in FY21 in driving the adoption of green energy, particlulary solar power in the country. The company stated that it had incorporated NTPC Renewable Energy Limited, a new subsidiary for RE business, in FY21. It has won 1,885 […]

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Green Firm Vena Energy Bags $500 mn Credit Facility from 8 lenders

Vena Energy announced yesterday that it has signed its first sustainability-linked revolving credit facility of JPY52.8 billion (approximately US$500 million) from eight lenders including BNP Paribas, Crédit Agricole CIB, DBS Bank Ltd, ING Bank, MUFG, Intesa, SMBC and Mizuho. The company is an independent power producer and an integrated pure-renewable energy company in the Asia-Pacific region. […]

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JPMorgan Chase Releases Carbon Reduction Targets for Paris-Aligned Financing Commitment

JPMorgan Chase today released comprehensive steps it is taking in its efforts to align its financing activities with the climate goals of the Paris Agreement. As part of its Paris-aligned financing commitment announced last fall, the firm has published 2030 carbon intensity targets for the Oil & Gas, Electric Power and Auto Manufacturing sectors. JPMorgan […]

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V2G EV Battery Swapping Station: Boosters for Distribution System Reliability

This is the era of socio-economic growth. To drive this growth, we need environmental sustainability to go hand-in-hand with the rising energy needs. Since EVs are a cleaner and safer alternative to conventional vehicles, they will have to be adopted on a mass level to meet the future mobility requirements. This is the vision enshrined […]

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Sunseap Signs Long-Term Agreement with Amazon for Clean Solar Energy to be Tapped from JTC’s solar farms

Sunseap Group, Singapore’s leading solar energy provider, has signed a long-term agreement with Amazon to export 62 megawatts (MWp) of clean energy to the national grid, that will help Amazon meet its sustainability goals. Sunseap was awarded one of the two contracts under JTC’s SolarLand Phase 3 tender last year, part of JTC’s efforts to […]

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Sterlite Power elevates Manish Agarwal as CEO of Infrastructure & Solutions Business

Sterlite Power, a leading global developer of power transmission, today announced the elevation of Manish Agarwal as CEO of the Infrastructure business, in addition to his existing role as CEO for the Solutions Business. Manish has been associated with the Sterlite Group for 22 years and has held various leadership positions across the organization. Prior […]

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Hindustan Zinc Signs MoU with Epiroc for Using BEVs in Underground Mining

India’s integrated producer of Zinc-Lead and Silver and a Vedanta Group Company, Hindustan Zinc Limited (HZL) has signed a Memorandum of Understanding with Epiroc Rock Drills AB for Zero Emission and Sustainable Mining by introducing Battery Electric Vehicle (BEV) in underground mining. HZL claims to become the first mining company in India to introduce electric […]

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Novartis Inches Closer To 100% Renewable Energy With 5 VPPA’s

In a move that has made Novartis the first pharma company to attain the 100% renewable electricity user status for its European operations, the firm recently signed up for five virtual power purchase agreements (VPPAs).  These agreements together will be generating around 275 MW or more of clean power to the electrical grid, serving as […]

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