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Germany’s GridX secures $40 Million in Series C Funding

GridX, a German enterprise rate platform provider to modern utilities and energy technology companies, has closed $40 million in Series C funding led by Energy Impact Partners (EIP), a global investment platform. Moore Strategic Ventures (MSV), Sunfox Capital and NGP ETP also participated in the round with Hunter Horgan of MSV joining the company’s board […]

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CubicPV, Waaree In Multi-Year Supply Agreement For Silicon Cells

US solar cell manufacturer CubicPV and Waaree Energies, Ltd, a leading domestic solar module manufacturer, have announced that they have entered into a multi-year supply agreement in which CubicPV will supply, per annum, 1 GW of silicon cells to Waaree. The cells will feature wafers made with CubicPV’s innovative Direct Wafer® technology, that produces wafers […]

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April power demand hits new peak at 5,769MW in Delhi

Delhi’s peak power demand broke yet another record on Wednesday and clocked 5,769 megawatt (MW) at 3.30pm, which is the highest ever for the national capital in April. The peak power demand had clocked 5,681 MW in Delhi on Tuesday. Sources said the previous record was 5,761 MW, registered just a week before, on April […]

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ONGC inks MoU with Norway’s Equinor for E&P, clean energy

State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday said it has signed a pact with Norwegian energy giant Equinor ASA for collaboration in oil and gas exploration and production as well as clean energy projects. The memorandum of understanding (MoU) was inked on April 26, the company said in a statement. The agreement is […]

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World’s Largest Green Hydrogen Project to Get $500m from US Govt

The US Department of Energy (DOE) has announced that it has conditionally committed for up to $504 million in debt financing for the Advanced Clean Energy Storage Project which is expected to be the world’s largest industrial green hydrogen production and storage facility. The commitment is made to companies: Advanced Clean Energy Storage, Mitsubishi, Magnum […]

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ChargeZone’s 125 Strong DC Point Network Powering E-buses across Indian cities

Vadodara based electric vehicle charging network company ChargeZone has announced today that it is powering more than 500 Electric Buses through its nation-wide network of over 125 Superfast DC Points in cities such as Ahmedabad, Chandigarh, Patna, Lucknow, Gorakhpur, Kanpur, Varanasi etc. in a bid to accelerate the growth of e-mobility in India. The company has undertaken this initiative […]

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Samsung Elec to join renewables pledge as S.Korea shifts gears on green energy

Samsung Electronics plans to join as soon as next month a group of global corporations committed to 100 per cent renewable energy, a person familiar with the matter said, as partners such as Apple Inc push it for action against climate change. Samsung, the world’s biggest chipmaker, is late to the green power pledge: It’s […]

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IESA supports UN’s low carbon tech innovation challenge’22

The United Nations Industrial Development Organization (UNIDO) Regional Office in New Delhi has announced the launch of 5th Innovation Challenge on Innovative Low Carbon Technologies. Applications will be accepted until 31st May 2022. The Innovation Challenge is conducted under the Facility for Low Carbon Technology Deployment (FLCTD; https://www.low-carbon-innovation.org/), which is jointly implemented by UNIDO and […]

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Fire incidents Compel Ola and Pure EV to recall thousands of e-scooters

The fire incidents in electric vehicles across the country is pushing the electric vehicle manufacturers to recall their EVs as their goodwill stares at a decline. The central government has also formed a panel to examine if the OEMs were negligent in manufacturing the electric vehicles. Now Pure EV and Ola Electric have recalled thousands […]

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