ACME Group, Indraprastha Gas Ltd sign green hydrogen agreement
ACME and Indraprastha Gas Ltd (IGL) have agreed to jointly explore the setting up of hydrogen generation plants, including electrolyzers, to blend green hydrogen in IGL’s natural gas supply.
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.
IIT Kanpur, Lohum collaborate on lithium battery testing for safety and sustainability
IIT Kanpur and Lohum will work together to advance lithium-ion battery testing technology and techniques for evaluating battery raw material quality. Lohum will additionally sponsor R&D labs at IIT Kanpur, provide a research fellowship to Ph.D. students, and help IITK commercialize its research outcomes.
Solar Ladder raises INR 11 crore in seed funding
Solar Ladder co-founder Abhishek Pillai told pv magazine they would use the funding to market and increase the sales of their software-as-a-service (SaaS) product to PV installers pan India. The company also plans to expand its customer support team.
REC lists $750 million green bonds on international stock exchanges at GIFT City
The green bond issuance was over-subscribed around 3.5 times from 161 investors.
MAHAPREIT, GEAPP partner on 1 GW of solar projects in Maharashtra
Global Energy Alliance for People and Planet (GEAPP) and Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) have signed a Memorandum of Intent (MoI) to implement 1 GW of solar projects across Maharashtra.
Commissioning extension for solar projects only on case-by-case basis, says MNRE
Solar Energy Corp. of India, NTPC, and NHPC would examine developers’ requests for an extension to their solar and wind-solar projects on a case-by-case basis. The extension would be granted only if the developer has taken all possible measures to implement the project (such as land acquisition and order for module/balance-of-system supply) but couldn’t complete it for reasons beyond his control.
US House of Representatives votes to resume solar tariffs
US President Joe Biden’s two-year halt on solar import tariffs is designed to create a bridge of supply as the United States ramps up its domestic manufacturing capacity.
Adani Green Energy doubles profit in FY 2022-23
Adani Green Energy has reported a profit after tax of INR 973 crore in FY 2022-23, almost 100% up from INR 489 crore in FY 2021-22.
GAIL to enter solar manufacturing
India’s largest natural gas company plans to partner with an undisclosed company to undertake vertically integrated solar manufacturing.
