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United Kingdom

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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UK to invest $1.2 billion in green energy projects in India

UK’s development finance institution CDC will invest $1 billion in green projects in India between 2022-26. Besides, UK has committed a new $200-million private and multilateral investment into the joint UK-India Green Growth Equity Fund that invests in Indian renewable energy.

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