Australian redox flow battery startup Allegro Energy raises A$17.5 million in Series A funding

Image: Allegro

Australian battery startup Allegro Energy has raised A$17.5 million in a Series A funding from new and existing investors. US climate change fund The Grantham Foundation led the fu...

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US DoE grants $62 mn for 20 projects to support hydrogen infrastructure

The U.S. Department of Energy (DoE) has announced about $62 million for 20 projects to accelerate R&D, demonstration, and deployment of advanced clean hydro...

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Quinbrook closes its largest energy transition fund to date with $3 bn in new capital commitments

Image: Quinbrook

Quinbrook Infrastructure Partners, a global investment company focused exclusively on infrastructure for the energy transition, announced it had raised $3 billion in new capital co...

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Spain announces €2.3 billion support scheme for clean energy sectors

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The Spanish Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has published the regulatory framework for its much-awaited subsidy scheme on clean e...

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US DoE announces $100 million funding for non-lithium batteries

Sodium-ion batteries from Acculon

The US Department of Energy (DoE) has floated a notice of intent aimed at projects and developers of non-lithium batteries. In the notice, the agency has offered to fund pilot-scal...

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Battery materials firm Echion raises £29 million in series B investment round

Source: Echion Technologies

Leading developer of niobium-based, fast-charging battery materials Echion Technologies has recently completed its series B funding round, raising about £29 million in in...

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Verkor secures over €1.3 bn in green financing for its battery gigafactory

Source: Verkor

Verkor has recently secured over €1.3 billion euros in green financing with the support of 16 commercial banks and 3 public banks. These funds will be directly allocated to th...

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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

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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

Image for representation purposes only. Source: EKA Mobility

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

Image for representation purposes only. Source: BluSmart

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

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

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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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