Switzerland’s Energy Vault will support India’s state-run power producer NTPC in energy transition by deploying its gravity-based energy storage technology and software solutions.
Exide Leclanche Energy Private Limited, the joint venture with Swiss energy storage specialist Leclanché, has a lithium battery pack and module assembly factory in Gujarat.
The acquisition is in line with Virescent’s strategy to acquire operational renewable energy assets that have stable long-term cashflows with government counterparties across India.
Ruchi Gupta is a research fellow at the University of Geneva’s Institute for Environmental Sciences. She focuses on how flexibility options, such as sector coupling with hydrogen production, can support renewable energy integration and decarbonize a wide range of sectors.
With an additional investment of INR 33.17 crore, Exide Industries’ shareholding in the joint venture company has increased by 2.28% to 80.15% of the paid-up equity share capital.
Swiss-based SmartHelio claims to have witnessed a near 200% jump in demand for its deep-data driven solar asset management solution, which plugs into solar panels or energy storage systems. Sales of the internet-of-things enabled, cloud product have leapt in the last six months.
The Hyderabad-headquartered developer will utilize the debt funding towards construction of upcoming projects for its clients as it aims to add around 350 MW capacity across both open-access and distributed solar portfolios this fiscal year.
Pune-based Electronica Finance Limited (EFL) has raised $10 million from a climate fund managed by Swiss impact investor responsAbility to diversify its SME lending offering and to expand into financing solar PV for the commercial and industrial markets.
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