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ReNew ranks among top renewable power & utility companies globally for ESG, says Sustainalytics
After a thorough and rigorous assessment across various ESG-centric parameters, ReNew has been listed as a ‘low risk’ company with a rating of 11.6, signifying its low ESG risk exposure and sustainability. The company has been ranked seventh among 93 renewable power companies and tenth among 698 utilities globally.
Diversified & circular renewable energy and critical mineral supply chains will play a critical role in India’s energy transition: MNRE Secretary
Bhalla noted that a series of economic disruptions have exposed the world to risks that are slowing down the pace of the global clean energy transition and have raised concerns about energy security.
Metastable Materials raises seed funding by Sequoia India’s Surge, Speciale Invest and Theia Ventures
The startup is scaling up its battery recycling capabilities and operations. In October 2022, Metastable opened a 21,000 sq ft urban mining facility located on the outskirts of Bengaluru. The facility can process 1,500 tonnes of material annually, which accounts for up to 6% of India’s recycling demand for Li-ion batteries.
MNRE conducts ‘Green Hydrogen – Accelerating Net-Zero Pathways’
Policy mechanisms, common protocol for hydrogen certification and regulatory frameworks along with collaborations between countries, could accelerate a green hydrogen ecosystem, said Shri B. S. Bhalla, Secretary, MNRE, while speaking at the event.
South Pole and Oorja use new D-RECs to combat India’s growing diesel problem
Through the D-REC partnership, South Pole supports Oorja to certify and commercialise the renewable energy generated by Oorja’s solar assets, using the D-REC platform. This unlocks a new revenue stream that helps financing and thus accelerating the deployment of solar irrigation pumps.
NTPC registers highest ever power generation of 400 BU in FY23, a growth of 10.80%
NTPC Ltd, India’s largest integrated power generator, has registered the highest-ever power generation of 400 BU in FY23, a growth of 10.80% via-a-vis previous year.
2nd Energy Transitions Working Group (ETWG) meeting to be held in Gandhinagar, Gujarat, from 2nd-4thApril,2023
The 2nd ETWG meeting will be complemented by three side events: seminar on global green hydrogen ecosystem – enabling zero pathways; seminar on accelerating cooling as a key enabler towards energy transition; and diversified renewable energy supply chains for advancing energy transitions.
India Ratings Affirms Shakti Pumps (India) at ‘IND A’/Stable
As per the rating agency, the key rating drivers were established market position, strong distribution network, diversified revenue portfolio, strong revenue growth over FY22, steady revenue profile in 9MFY23, and robust credit metrics.
Dr. Rajib K Mishra takes over as Chairman and Managing Director of PTC India Limited
Dr. Mishra joined PTC Board on 24th February 2015 as Director (Marketing and Business Development). Prior to this, he has worked as Executive Director PTC since October 2011 and was responsible for Operations, Business Development, Retail & Advisory Services. He has professional experience of 38 years.
Servotech Power Systems unveils EV charging solutions at 8th Smart Cities India Expo
Servotech displayed its advanced solar and EV charging solutions which include solar on-grid and off-grid Inverters, solar hybrid inverters, lithium battery, 7 kW, 10 kW, 14 kW AC EV chargers and 30 kW & 60 kW DC fast EV chargers.
