Rheinmetall bags €7.7 mn German subsidies for hydrogen, electrification projects

German automotive and arms supplier Rheinmetall has confirmed funding from the federal government of Germany and the state of North Rhine-Westphalia (NRW) worth about €7....

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EU backs Orlen project to set up hydrogen refueling stations in Poland

Polish energy company Orlen has won EU backing and €62 million in support for its Clean Cities – Hydrogen mobility project in Poland, which comprises a green hydrogen plant and mul...

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World Bank working on proposal for $1 bn support to India's BESS, e-mobility sectors

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The World Bank and State Bank of India (SBI) are in talks for a $1 billion line of credit to aid the country's energy transition, according to media reports. The funds will support...

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EIB approves €4.3 bn in transition funding, including €805 mn for clean power

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The European Investment Bank (EIB) has announced approval for €4.3 billion of new financing to upgrade the region's transport and energy distribution, besides expanding energy stor...

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Tata Group invests in Boston-based non-lithium battery startup Alsym Energy

The Tata group has invested in non-lithium battery start-up Alsym Energy. Tata Ltd, a wholly-owned subsidiary of Tata Sons, led investment in the Boston-based company's Series C fu...

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

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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...

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

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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...

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Gensol Engineering raises INR 9 billion in equity capital

Solar EPC, EV manufacturing, and EV leasing service provider Gensol Engineering Ltd (Gensol) on Tuesday announced it has raised INR 9 billion in equity capital through a preferenti...

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US DoE announces $72 million to upgrade 46 hydroelectric projects

The US Department of Energy has announced major investments in the country's hydroelectric sector, with funding to upgrade 46 projects across 19 states. In a release, the DoE said ...

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BASF bags German funding approval for 54 MW electrolyzer

German chemical company BASF has received funding approval for a 54 MW proton exchange membrane (PEM) electrolyzer that will have produce up to 8,000 metric tons of hydrogen per ye...

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ADS-TEC Energy announces private investment from Svelland Capital

Image for representation purposes only. Source: ADS-TEC Energy

Battery-buffered, ultra-fast EV charging technology firm ADS-TEC Energy has announced the signing of a definitive agreement for a private investment by Svelland Capital, a dis...

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EKA Mobility, Mitsui, VDL Groep pledge $100 mn for EV manufacturing in India

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Indian EV maker EKA Mobility has announced strategic partnership with Mitsui & Co. of Japan and VDL Groep  of Netherlands. The long-term alliance ...

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BluSmart raises $24 million in equity round to expand EV ride-hailing services

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Indian EV ride-hailing and charging infra service provider BluSmart Mobility has announced a fresh round of funding worth $24 million in a fresh round of equity from exis...

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Topsoe's secures €94 mn from EU for 500 MW solid oxide electrolyzer factory

Topsoe's SOEC facility under construction in Herning, Denmark. Source: Topsoe

Danish firm Topsoe has signed a grant agreement with EU's Innovation Fund for a total of €94 million, in recognition to the company's solid oxide electrolyzer cells (SOEC...

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Japan gets its first dedicated investment fund for grid-scale energy storage

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The emerging energy storage market in Japan is flexing its arms even further, with the recent launch of its first-ever dedicated fund for grid storage batteries. The inve...

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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

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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

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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

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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

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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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