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Essar to invest $3.6 billion in energy transition in the UK and India

Essar has formed Essar Energy Transition (EET) that will focus on investing in hydrogen, decarbonization, new energy infrastructure, and biofuels. EET plans to invest $3.6 billion in developing low-carbon energy transition projects in the UK and India over the next five years.

Scottish startup to begin gravity energy storage pilot in India

UK-based Gravitricity will begin with pilot demonstration of its gravity energy storage systems in India as it eyes broader deployment in the long term.   

UK-backed Neev Fund invests $25 million in Hygenco

Haryana-based Hygenco plans to develop and rapidly scale up multiple green hydrogen facilities across India in the next two years.

Hinduja Group invests in UK second-life battery storage specialist

Hinduja Group, an Indian multinational, has invested GBP 15 million (($18.4 million) with four other investors in Connected Energy, a developer of energy storage systems based on second-life electric vehicle batteries. The investment will help Connected Energy to scale up its operations and move into utility-scale project development. 

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British International Investment commits US$89 million to scale renewable energy generation in India

The UK investor (formerly known as CDC Group) has committed a $47 million follow-on investment in Fourth Partner Energy to build 294MW of greenfield renewable power capacity. Another $42 million will go to Italian power utility Enel’s India arm Thar Surya 1, to support the development of a 300MW greenfield solar project in India.

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European investor ThomasLloyd gets government approval for SolarArise acquisition

Delhi-based SolarArise India Projects, an investee company of ThomasLloyd, owns seven solar power projects with a cumulative capacity of 434MW in India.

Spraying water system for solar module cooling

A British-Indian research group has developed an active cooling technique that is claimed to improve a PV system’s yield by around 0.5%. The system could be used in residential solar arrays and the water heated by the PV modules may be fed into a solar water heating system.

Hero Future Energies, Ohmium to install 1 GW of green hydrogen capacity

Indian renewable energy developer Hero Future Energies has partnered with US-based Ohmium International on the development of green hydrogen plants in India, the UK, and Europe with a cumulative electrolyzer capacity of 1 GW.

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Reliance Industries to acquire sodium-ion battery provider Faradion

Reliance Industries said its solar unit will buy UK-based sodium-ion battery technology provider Faradion for GBP100 million (US$135 million) including debt, as the Indian conglomerate pushes forward with its ambitious plan to move into the renewable energy industry.

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bp invests in electric mobility startup BluSmart

The venture capital arm of British energy company bp has invested $13 million in BluSmart in a $25 million Series A funding round. The investment will help BluSmart bring its electric vehicles and charging stations to five major cities.

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