Strata secures $559 million in financing for 1GWh battery energy storage project

Grid-scale energy storage solution provider, Strata Clean Energy (Strata) has secured $559 million in financing from a consortium of leading financial institutions for the construc... Read More

Indus Towers in partnership with IIT Madras launches green hydrogen and BMS R&D labs

Indus Towers, one of the leading telecom towers companies in the world in partnership with the Indian Institute of Technology, Madras (IIT-M) launched R&D labs for gr... Read More

TVS Motor Company's Singapore arm increases stake in Germany’s Killwatt GmbH to 49 percent

Leading two-wheeler and three-wheeler manufacturer globally, TVS Motor Company's Singapore-based arm has acquired an additional 8,000 equity shares for €4 million in Killwatt GmbH,... Read More

South 8 Technologies demonstrates LMNO battery electrolyte

South 8 Technologies Inc (South 8), a San Diego-based developer of LiGas, a novel liquefied gas electrolyte used for advanced lithium-ion batteries announced that it has demon... Read More

Energy Vault starts construction on largest US green hydrogen storage

Energy Vault announced it has started of construction on the Calistoga Resiliency Center (CRC), the largest green hydrogen storage project in the US. The project is being developed... Read More

Yulu raises $19.25 million from existing investors Magna and Bajaj Auto

Yulu, India's leading shared micro-mobility service provider has raised $19.25 million in equity funding from its existing strategic investors Magna and Bajaj Auto Ltd. The company... Read More

Europe offers $400 mn for Italian green H2 valley that will decarbonize steel

European authorities have decided to offer up to €370 million ($400 million) to Italian companies seeking to set up a 'Green Hydrogen Valley' in the country's southern region of Pu... Read More

India finalizes mechanism for operationalizing VGF for the deployment of battery energy storage

The Union Minister of Power, New & Renewable Energy, R. K. Singh, on Thursday (Feb. 22) held a meeting to finalize the structure for operationalizing the Viability Gap Funding ... Read More

Global energy landscape is set for a transformation with hydrogen

Traction for establishing strong hydrogen ecosystems is underway in different parts of the world. Governments are realizing the ideal positioning of their countries in hydrogen sup... Read More

VinFast gears up to break ground for an integrated EV facility in Tamil Nadu

Vietnam's leading electric auto manufacturer, VinFast, has announced that will break ground for its integrated electric vehicle manufacturing facility in Thoothukudi City... Read More

US DoE announces $710 mn in loans to EV tech makers

The US Department of Energy announced it has issued preliminary approval for nearly $710 million in loans to companies manufacturing electric vehicle (EV) components. The lion's sh... Read More

NTPC announces India's largest green H2 plant as country eyes transport pilot

The Pudimadaka Green Hydrogen Hub, coming up in Andhra Pradesh, will likely require 4 GW of electrolyzers and at least 8 GW of renewable energy  NTPC, India's state-owned powe... Read More

BluSmart becomes zero-emissions company following deal for 30 MW green power

India's all-electric ride hailing company BluSmart has signed a multi-year power purchase agreement with Tata Power to source green power, in the process becoming India's first mob... Read More

India might open nuclear power to private investment, eyes 11,000 MW of new capacity

The Government of India is planning to throw open its nuclear sector to private investment to achieve its target of emissions-free power, Reuters reports, quoting government source... Read More

Xpeng plans 30 new models to survive Chinese competition

Chinese EV company Xpeng will launch 30 new models in the coming three years to survive what its Chairman and CEO He Xiaopeng called a 'sea of blood' --- the competition between Ch... Read More

BYD goes upscale, plans to launch multiple luxury models this year

Chinese carmaker BYD plans to launch a number of "high-end luxury" models by the end of this year, the company told the Hong Kong stock market in an exchange filing. The move refle... Read More

Queensland begins work on 250 MW/ 500 MWh Swanbank BESS

Queensland state has started construction work on one of the biggest batteries in Australia: a 250 MW/ 500 MWh system at Swanbank that will offer two hours of storage capacity. Que... Read More

Tata Power eyes 2,800 MW of pumped hydro storage capacity

Tata Power Company is looking to set up 2,800 MW of pumped hydro storage capacity at an investment of around ₹15,000 crore, CEO Praveer Sinha told reporters. He said the company wo... Read More

Stellantis evaluates building Leapmotor EVs at Mirafiori complex in Italy

Carmaker Stellantis could build up to 150,000 low-cost electric vehicles (EVs) at the company's Mirafiori complex in Turin from 2026 or 2027, news reports say. The company is repor... Read More

M&M evaluates giga factory in India, signs supply agreement for Volkswagen EV platform

Indian auto maker Mahindra & Mahindra (M&M) is considering whether to open a battery plant in India, group CEO and MD Anish Shah told reporters. "We are going to look at… o... Read More

Solar, BESS will account for 81 percent of US new generation capacity addition in 2024

The US will add a whopping 62.8 GW of new utility-scale power generation capacity in 2024, and a massive 81 percent of that will consist of solar panels and battery storage, the US... Read More

Siemens Energy's $150 mn transformer plant could help US clear renewables' connectivity backlog

German power equipment company Siemens Energy announced it would invest $150 million in the US to set up a new transformer facility in Charlotte, North Carolina. Construction will ... Read More

Blue Planet acquires majority stake in Mahindra Waste to Energy Solutions

Singapore-based waste management company, Blue Planet Environmental Solutions (Blue Planet) announced that it has acquired a majority stake in Mahindra Waste To... Read More

LG Energy signs second offtake agreement with WesCEF to secure stable supply of lithium

LG Energy Solutions, one of the leading producers of lithium-ion batteries for automotive, IT, and energy storage systems on Wednesday announced that it has sig... Read More

Kochi, world's first fully solar-powered airport, set to add 1,000 KW green hydrogen plant

Cochin International Airport Ltd (CIAL), the company that runs the Kochi airport, has signed a memorandum of understanding with Bharat Petroleum Corporation Ltd to establish a gree... Read More

IOC increases holdings in Phinergy to 17%; Move to fortify Phinergy’s telecom backup power biz

Indian Oil Corporation Ltd (IOC), India's state-owned multinational energy company has completed the second round of investment in Israel-based, Phinergy, bringing its holding in t... Read More

Cleantech funding hits record, but falls short of what net zero pathways require

Brookfield's latest fundraise and the record money pumped into the energy transition sector last year show investors have an appetite for cleantech risk. The world needs more of it... Read More

ACC PLI: MHI convenes pre-bid meeting for remaining 10GWh of ACC manufacturing

The Ministry of Heavy Industries has successfully concluded a pre-bid meeting for the remaining 10GWh of advanced chemistry cells (ACC) manufacturing capacity under the A... Read More

BYD takes aim at US market, evaluating EV plant in Mexico

Chinese battery and electric vehicle powerhouse BYD is preparing to set up an EV factory in Mexico, the head of its Mexican operations told reporters. The company has launched a fe... Read More

Joby set to soar Dubai skyline; Secures six-year exclusive deal to operate air taxis in Dubai

Joby Aviation Inc. (Joby), a California-based developer of all-electric aircraft for commercial passenger service has signed a definitive agreement with the Dubai Road and Transpor... Read More
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