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Gensol Engineering profit 129% up in FY 2024

Gensol Engineering recorded consolidated revenue of INR 996 crore and net profit of INR 53 crore for fiscal 2023-24.

Lithos technology reduces water use in lithium extraction

Lithos applied for a $30 million DOE grant, which will help increase the facility’s capacity to sustainably process lithium hydroxide.


Adani Total Gas partners Shigan to decarbonize supply chain

Adani Total Gas Ltd and Shigan will explore retrofitting internal combustion engine (ICE) to run on alternate fuels like CNG and LNG. They will also explore e-mobility-based solutions for last-mile delivery players and use-cases for green hydrogen as fuel for ICE vehicles.

Erisha E-Mobility, Uttarakhand Govt sign MoU worth INR 1,900 crore

Erisha E-Mobility and the Uttarakhand Government have signed a Memorandum of Understanding (MOU) to establish an electric vehicle (EV) park and deploy 100 state-of-the-art EV charging hubs across Uttarakhand.


NIIFL launches $600 million bilateral India-Japan Fund

The India-Japan Fund will actively invest in India’s environmental preservation sector, including renewable energy and e-mobility businesses.

India needs $15 trillion to achieve net zero by 2070, says FICCI-Deloitte report

To decarbonize the grid, India needs to add 40-50 GW of grid-scale renewable energy (solar and wind) capacity every year for the next few decades and phase out coal.  

India’s transition to net-zero emissions presents $12.7 trillion investment opportunity

India’s energy system requires investments totaling $12.7 trillion between 2022 and 2050 to reach net-zero emissions by mid-century.

Delhi’s aggressive EV timelines may hit gig workers’ livelihood: IAMAI

The recently released Delhi motor vehicle aggregator and delivery service provider scheme envisages that aggregators and delivery service providers in Delhi will switch to an all-electric fleet by April 1, 2030.

Global sodium-ion battery market expected to reach $2.6 billion by 2028

The global sodium-ion battery market will grow at 16.2% annually to touch $2.6 billion by 2028. Major drivers include an increasing demand for these batteries as a lithium battery replacement for renewable energy storage and the growing trend towards low-speed electric cars.


BluSmart raises $42 million to scale EV fleet, megacity operations

BluSmart Mobility secured $37 million in equity and $5 million in venture debt in its latest funding round. It will use the funds to expand its EV fleet capacity to 10,000 over the next one year and penetrate deeper into megacities.

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