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Markets & Policy

Hycosys raises $1 million from MGF Kavachh to develop hydrogen-compatible micro gas turbines

The seed round will aid in accelerating system integration, pilot deployments, and fuel the commercialisation roadmap of the Hycosys’ indigenous hydrogen-compatible micro gas turbine platform with applications across distributed power, aerospace and mobility.

Inside the PV recycling black box

How PV modules are treated at the end of their life is an increasingly important issue, but some recycling practices leave a lot to be desired. Scott Azevedo from Intertek CEA explores how asking the right questions, paying closer attention to end-of-life treatment, and steering volume toward good recyclers can have positive long-term consequences for the solar industry.

India’s electricity transition unfolds unevenly across states

A new report by IEEFA and Ember finds that India’s electricity transition is unfolding differently across states, shaped by variations in resource endowments, development pathways, and institutional capacities. While some states are already leading in renewable energy deployment and grid readiness, others are building momentum, presenting significant opportunities for accelerated progress through targeted, state-specific policy interventions.

Clean Max Enviro Energy raises INR 921 crore from anchor investors

Clean Max Enviro Energy Solutions has raised INR 921 crore from anchor investors ahead of its initial public offering that opens for public subscription today (Feb. 23, 2026).

China wafer prices fall for fourth week as discounting deepens under inventory pressure

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

The effects of solar module elevation on ground-mounted PV

Scientists in Hungary found that ground-mounted PV modules at an intermediate elevation of 1.1 m achieve the highest efficiency and power output due to improved airflow and reduced cell temperature. Their study also estimated a levelized cost of electricity of $0.0843/kWh and 577.78 kg CO₂ mitigation over 25 years, while noting results are specific to concrete surfaces.

“We’re ready to support our customers’ energy transition—whether from electrons or molecules”: Thermax executive VP

Arun Unni, Executive Vice President and Business Head – New Energy & Head of Strategy at Thermax, speaks to pv magazine about the evolving green hydrogen market, electrolysis economics, and the company’s ambitions in this space through global technology tie-ups. He also discusses the emerging carbon credit trading system and new opportunities for Thermax in biomass, sustainable fuels, and round-the-clock renewable energy solutions.

India adds 7.8 GW of open access solar in 2025

Cumulative open-access (off-site commercial and industrial) solar installations surpassed 30 GW as of Dec. 31, 2025.

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IEC-based technical specifications needed for second-life PV module market

The latest report from the International Energy Agency’s Photovoltaic Power Systems Programme says second-life PV modules have the potential to reduce waste and extend the value of solar assets, but their market today remains underdeveloped and requires advances in technical qualifications, scalable reuse infrastructure and supportive policy frameworks.

REC conducts live demo of peer‑to‑peer decentralized energy transaction at India AI Impact Summit 2026

During the live peer-to-peer energy trading demo, Arun Singh, a farmer from Meerut (Uttar Pradesh), used a secure, blockchain‑enabled platform to sell surplus solar‑generated electricity directly to Lakshmi, a garment shop owner in Delhi.

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