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electric vehicles

Global Battery Deployment Surges 15%, BESS Gains 55%

2024 marked a year of continued growth and adaptation in the global battery industry. Global electric vehicle (EV) sales climbed 25% to 17.7 million units, with Battery Electric Vehicle (BEV) demand up 14%, while Plug-in hybrid electric vehicles  (PHEV) demand surged 50%. For the first time, battery electric vehicles (BEVs) in China have reached price […]

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Kinetic Green’s Losses Spurt 11X in FY24 As Revenue Dips 3%

Electric vehicle manufacturer Kinetic Green faced significant financial strain in FY24, with losses increasing 11X due to rising expenses in advertising and employee benefits. Meanwhile, the Greater Pacific Capital-backed company’s revenue declined by 3% year-on-year. Kinetic Green’s revenue from operations decreased to Rs 291 crore in FY24 from Rs 301 crore in FY23, its consolidated […]

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SECI, MP Govt To Build 200 MW Dhar Solar Project With 1000 MWh BESS

Solar Energy Corporation of India Limited (SECI), a Navratna CPSU under the Ministry of New & Renewable Energy, signed a Memorandum of Understanding (MoU) with the Madhya Pradesh government for a 200 MW solar project in Dhar. This project is part of the CPSU Scheme and a 1,000 MWh Battery Energy Storage System (BESS) project […]

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Madhya Pradesh Allocates Rs. 2 Crore For EV R&D Promotion

Soon after releasing its draft electric vehicle (EV) policy, the Madhya Pradesh (MP) cabinet has now approved the “Electric Vehicle Policy-2025.” This cabinet approved this policy under the chairmanship of Chief Minister (CM) Yadav. The Cabinet approved the policy to make electric vehicles the primary mode of transportation for the general public in the future. […]

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Clean Energy Financing: Are We Investing Enough?

Finance plays a vital role in the global push for renewable energy. Over the past decade, clean energy investments have grown significantly, driving gigawatt-scale renewable capacity additions and supporting related sectors, particularly in Asia, the Middle East, Europe, and North America. However, much more needs to be done for countries to meet their renewable energy […]

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Madhya Pradesh To Soon Have Five Model EV Cities

The Madhya Pradesh (MP) Urban Development & Housing Department recently released the draft Madhya Pradesh Electric Vehicle (EV) Policy 2025. The draft document aims to develop robust and accessible EV charging infrastructure for all, including differently-abled individuals. MP’s draft policy designates Bhopal, Indore, Jabalpur, Gwalior, and Ujjain as model EV cities, where detailed plans will […]

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Integrals Power’s LMFP Cell Chemistry Validated 92% Capacity Retention

Integrals Power has successfully demonstrated that its proprietary Lithium Manganese Iron Phosphate (LMFP) cathode active material for battery cells can deliver high energy discharge rates (C-rates) while retaining very high levels of capacity retention. Validated at C-rates up to an extreme 10C, the tests found that at 5C, the LMFP material retained 92% of its […]

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Researchers Find New Way To Boost Lithium-ion Battery Performance

Researchers at the Seoul National University of Science and Technology (South Korea) have now found a new innovative way to boost the performance of Lithium-ion batteries. Lithium-ion batteries are considered key to the success of Electric Vehicles globally. The new research is likely to boost the use of Lithium-ion batteries in EVs and improve their […]

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5 Reasons Why BESS Will Be a Focal Point of Energy Business in 2025

Battery Energy Storage Systems (BESS) are a very crucial component of the renewable future that the world envisions. Recent years saw a tremendous increase in renewable energy and with it energy storage solutions, like BESS, emerged as a missing piece of the puzzle in competition against fossil-based power to dominate the energy sector. As a […]

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