EU pledges funding for 10GW Brazilian hydrogen project for European exports

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RE developer Green Energy Park's (GEP) proposed 10 GW green hydrogen and ammonia facility in the Brazilian state of Piaui is set to receive funding from EU's €2bn Global ...

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Ola Electric raises ₹3,200 crores for its upcoming battery cell facility

Image for representation purposes only. Source: Ola Electric

Indian EV firm Ola Electric has announced the successful closure of funding round amounting to ₹3,200 crores ($380 million) in a mix of equity and debt from from Tem...

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Daily Shorts: Indian cities to get 10,000 e-buses, HSBC allocates $1 bn for climate tech and more

India and the US will collaborate to deploy 10,000 made-in-India electric buses across Indian cities as part of their co-operation agreements. Under the agreement, US government ag...

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Northvolt raises $1.2 bn for market expansion; rolls out first BESS at Dwa

Northvolt has announced that it has raised $1.2 billion in convertible notes to finance plans for its further European and North American expansion. The latest developmen...

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VoltStorage bags €30 mn EU-secured loan for battery storage technologies

Image for representation purposes only. Source: VoltStorage

German flow-battery firm VoltStorage has received significant support from the European Investment Bank (EIB) with a venture debt loan of €30 million. The loan is secured...

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GreenCell Mobility bags ₹3,000 crores debt funding from REC

Image for representation purposes only. Source: GreenCell Mobility

Electric mass-mobility player GreenCell Mobility has announced the signing of a MoU with Rural Electrification Corporation (REC) Limited towards a substantial financ...

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NIO secures about $1.1 billion investment from Abu Dhabi state-owned fund

Image for representation purposes only. Source: NIO

Chinese EV maker NIO has recently signed a share subscription agreement with CYVN Holdings, an Abu Dhabi government majority-owned investment firm, which will invest ...

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EMEC bags over £500,000 funding from Scottish government for green H2 projects

EMEC hydrogen storage cylinders. Image for representation purposes only. Source: Colin Keldie

The European Marine Energy Centre (EMEC) has been awarded funding of over £500,000 for four feasibility projects supporting green hydrogen innovation and development.&nbs...

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US DoE announces $42 mn funding for 22 clean hydrogen projects

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The U.S. Department of Energy (DOE) has announced nearly $42 million in funding for 22 projects in 14 states to advance critical technologies for producing, storing, and deplo...

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IRENA launches 'NewGen' initiative to promote youth-led RE start-ups, projects

At the recently held Youth Energy Forum at World Utilities Congress 2023, Abu Dhabi last week, the International Renewable Energy Agency (IRENA) launched a new initi...

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IndiGrid raises ₹ 1,140 Crores via long-term NCDs from IFC

IndiGrid, India's first listed power sector Infrastructure Investment Trust (InvIT), has announced that International Finance Corporation (IFC) has subscribed to a listed NCD (non-...

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EV Battery startup Swap Energy raises $ 7.2 M in Indonesia

Image Indonesian start-up Swap Energy that specializes in providing battery-swapping solutions for E2Ws has raised about  $7.2 million in a pre-Series A funding round led...

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Mahindra's new Last Mile Mobility firm 'NewCo' bags ₹ 600 crores from IFC

Global development institution IFC is investing ₹ 600 crores in a new last mile mobility (LMM) company that Mahindra & Mahindra has newly incorporated "NewCo". A...

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Australia's Recharge Industries acquires battery start-up Britishvolt

Recharge Industries has announced its successful bid for ownership of Britishvolt. The company is a leading provider of battery technology, specializing in productio...

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Geely's Zeekr raises US $750m funding for global development of EV solutions

China's largest private-owned automotive group Zhejiang Geely Holding Group (Geely Holding) has announced a USD 750 million A-Series fundraising at ZEEKR Intelligent Tech...

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Enerpoly, EET get €870K EU grant for 'ZincMate' energy storage device project

Swedish zinc-battery startup Enerpoly and Austrian smart photovoltaic startup EET (Efficient Energy Technology) have received € 870K in grant funding under the EU's Eurostars-...

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VFlowTech raises US $10 M for Vanadium-based battery LDES solutions

Singapore-based manufacturer of Vanadium-based redox flow batteries, VFlowTech, has raised US $10 million in a series A funding round, led by Japan-based venture capital ...

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Hecate Energy secures US $ 550 m credit facility for solar, energy storage projects

Chicago-based Hecate Energy, a developer of renewable power projects and energy storage solutions in the United States, has recently announced the close of a five-year $5...

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US DoE $125 million for next-gen Batteries and Energy Storage research

To support Energy Innovation Hub projects that emphasize multi-disciplinary fundamental research to address long-standing and emerging challenges for rechargeable batteries, the U....

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US DoE allocates $750m for accelerating Clean Hydrogen technologies

As part of President Biden's Bipartisan Infrastructure Law to dramatically reduce the cost of clean-hydrogen technologies, the U.S. Department of Energy (DOE) has recentl...

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Nickel-Zinc battery startup ZincFive raises $13.1 million in series C funding

US-based company innovating in nickel-zinc batteries ZincFive has raised $13.1 million in Series C funding, bringing its total funding to $40 million since its inception....

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Sonatus raises 2nd round funding led by Foxconn towards EV software innovation

American automotive software company Sonatus has raised $75 million in a second round of funding. Global technology company Hon Hai Technology Group (Foxconn) led th...

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Zinc-ion battery developer Enerpoly raises $ 1.5 million seed funding

Swedish firm Enerpoly that develop develops zinc-ion batteries as a sustainable solution for stationary energy storage has recently  closed a $1.5 million ...

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US DoE awards $350 million for Long-Duration Energy Storage demo projects

The Biden-Harris Administration, through the U.S. Department of Energy (DOE), has announced nearly $350 million for emerging Long-Duration Energy Storage (LDES) demonstration proje...

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E2W startup BattRE raises fresh investment; targets ₹ 1,000 crore revenue by 2025

Indian EV startup BattRE has recently announced that it has raised an undisclosed amount of seed fund from a group of investors led by Agility Ventures and former Tata Motors' Top ...

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GreenCell bags $55 million for developing electric inter-city bus services in India

Electric mass-mobility startup GreenCell Mobility has recently announced a series of fresh financial support and grants from DFIs and investors for its inter-city electric bus tran...

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Aramco sets up $1.5bn Sustainability Fund to support global energy transition

Saudi Arabian oil major Aramco has announced the creation of a $1.5 billion Sustainability Fund to invest in technology that can support a stable and inclusive energy transition. I...

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Cygni Energy secures $12.5 million for setting up EV battery mfg. facility

Energy storage startup Cygni Energy Pvt. Ltd has announced that it has secured $12.5 million (around Rs 97 crore) from Meridian Global Ventures and Indian Overseas Bank in a mix of...

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Marsh launches world’s first insurance facility for green and blue H2 project risks

Insurance broker and risk advisor Marsh have announced the launch of a first-of-its-kind insurance and reinsurance facility that provides dedicated insurance capacity for new and e...

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U.S DOE announces $96 million funding for advancing clean vehicle technologies

The U.S. Department of Energy (DOE) has announced a $96 million funding opportunity to support decarbonizing the domestic transportation sector. The funding will focus on expanding...

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