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GCF Approves USD 137 Mn FMO Investment in India’s Green Growth Equity Fund

The Board of GCF has approved the proposal by FMO to accelerate private and public sector investment in India’s green infrastructure projects. The Board of the Green Climate Fund (GCF) has approved Dutch development bank FMO’s proposal to accelerate private and public sector investment in India’s green infrastructure projects. Through the Green Growth Equity Fund […]

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IIT Hyderabad Develops an Alternative for Typical Lithium-ion Batteries

Researchers at IIT Hyderabad have come up with an alternative for the conventional Lithium-ion batteries. It is a more sustainable and low-cost Dual carbon battery, which may find potential use in high voltage applications, sophisticated battery-run medical devices, regenerative braking systems in electric vehicles (EVs), and stationary grids. Finding options that are cheaper and more […]

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Fujitsu, AutoGrid to Boost Renewable Energy use in Japan With VPP Solution

Fujitsu will begin offering Autogrid Virtual Power Plant (VPP) solution in Japan under a new collaboration agreement. Fujitsu Limited and AutoGrid Systems have announced that Fujitsu will begin offering Autogrid’s Virtual Power Plant (VPP) solution in the Japanese market. Fujitsu will leverage the solution to maximise the use of distributed energy resources in the domestic […]

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EIB Provides Brenmiller Energy with €7.5 Mn for Innovative Thermal Storage Factory

EIB and Brenmiller Energy have signed a €7.5 million financing agreement to back the company’s construction of the first large-scale factory for its bGen storage unit. The European Investment Bank (EIB) and Brenmiller Energy, an Israeli provider of industrial energy storage solutions, have signed a €7.5 million financing agreement to back the company’s construction of the […]

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Electric Vehicles Market Share to Exceed 50% From 2033: Rystad

The share of electric vehicles in global passenger car sales is set to quadruple in 2026 from 4.6% last year and exceed 50% from 2033 onwards. The market penetration of electric vehicles (EVs) is increasing rapidly as a result of the accelerating energy transition, and demand for batteries is expected to skyrocket going forward for […]

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IIT Delhi Halves Carbon Footprint With 4.7 MW Green Energy Capacity

IIT-Delhi has achieved the milestone of becoming the 1st Central Govt funded technical institute to reduce its carbon footprint by over 50% Indian Institute of Technology – Delhi (IIT-D) has announced that from April 1, 2021, the institute achieved the milestone of becoming the first Central Government funded technical institute to reduce its carbon footprint […]

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Magenta Launches EV Charging Solution for Residential Complexes

A business unit of Magenta, which was set up solely to focus on the EV eco-system largely charging solutions Magenta ChargeGrid has come up with what it claims is a solution for large residential complexes under their product range – ‘ChargeGrid Prisma’. ChargeGrid Prisma is developed especially for solving the complex and multiple problems for […]

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ABB and Amazon Web Services Collab to Digitalize EV Fleet Management

The ABB Group and Amazon Web Services (AWS) have announced their partnership to develop a cloud-based digital solution for the real-time fleet management of Electric Vehicles (EVs). The solution will optimize the efficient use of EVs and speed up the electrification of transport fleets, helping operators worldwide maintain 100 percent business continuity as they transition […]

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No way out for Stranded Thermal Assets in India, Amid RE Push : IEEFA

India’s 40 GW of stressed and stranded thermal power assets, identified by a parliamentary committee in March 2018, still linger on – most of them without any feasible resolution. India’s 40 gigawatts (GW) of stressed and stranded thermal power assets, identified by a special parliamentary committee in March 2018, still linger on – most of […]

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