Author Archives: Arjun Joshi

About Arjun Joshi

Arjun Joshi is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. More articles from Arjun Joshi.

arjun@mercomindia.com

@arjun_sheelajoe

Daily News Wrap Up Ohmium Partners With Shell India on Green Hydrogen Solutions

Daily News Wrap-Up: Ohmium Partners With Shell India on Green Hydrogen Solutions

Here are some noteworthy cleantech announcements of the day from around the world: Green hydrogen company Ohmium International is collaborating with Shell India to evaluate hydrogen applications, markets, and project ...
/ / Other, Renewable Energy
India Adds over 845 MW of Rooftop Solar in First Half of 2022

India Adds Over 845 MW of Rooftop Solar in First Half of 2022

India installed over 389 MW of rooftop solar capacity in the second quarter (Q2) of the calendar year (CY) 2022, a decline of 15% compared to 456 MW installed in ...
Daily News Wrap-Up: Ashok Leyland Launches Electric Double-Decker Bus in Mumbai

Daily News Wrap-Up: Ashok Leyland Launches Electric Double-Decker Bus in Mumbai

Here are some noteworthy cleantech announcements of the day from around the world: Union Minister for Road Transport & Highways Nitin Gadkari launched Ashok Leyland Electric Double Decker Bus, Switch ...
/ / Other, Renewable Energy
POSOCO Forbids 15 DISCOMS in Seven States from Trading in Power Exchanges

POSOCO Forbids 15 DISCOMS in Seven States from Trading in Power Exchanges

Power System Operation Corporation (POSOCO) has debarred 15 distribution companies (DISCOMs) in six states and a Union Territory from buying or selling electricity at power exchanges as a penalty for ...
/ / Grid, Market & Policy
ReNew Power’s Revenue for Q1 FY23 Up by 48% to ₹25 Billion

ReNew Power’s Revenue for Q1 FY23 Up by 48% to ₹25 Billion

Independent power producer ReNew Power posted total revenue of ₹25 billion (~$313.41 million) for the first quarter (Q1) of the fiscal year (FY) 2023, an increase of 48.8% compared to ...
/ / Other, Renewable Energy
Solar Imports in Q2 2022 Down 22% Year-Over-Year

Solar Imports in Q2 2022 Down 22% Year-Over-Year

India imported solar cells and modules worth $597.48 million (~₹47.39 billion) in the second quarter (Q2) of the calendar year (CY) 2022, a decline of 22% year-over-year (YoY), according to ...
REC Silicon’s Revenue Up by 26% YoY With $45 Million in Q2 2022

REC Silicon’s Revenue Up by 26% YoY With $45 Million in Q2 2022

REC Silicon, a leading producer of advanced silicon materials, posted a revenue of $45 million in the second quarter (Q2) of the calendar year (CY) 2022, up 20% from $34.6 ...
/ / Other, Renewable Energy
India Adds over 7 GW of Solar in a Record First Half of 2022

India Adds Over 7 GW of Solar in a Record First Half of 2022

India installed over 3.9 GW of solar capacity in the second quarter (Q2) of the calendar year (CY) 2022, an increase of 18% compared to 3.3 GW installed in the ...
Daily News Wrap-Up: IREDA Partners with Bank Of India to Fund Renewable Energy Projects

Vikram Solar Gets SEBI’s Nod to Raise Funds Through Initial Public Offering

Vikram Solar, a solar module manufacturer and EPC solutions provider, has received SEBI’s nod to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue ...
/ / Finance and M&A, Solar
Power Ministry Proposes Renewable Energy Central Pool with Uniform Tariffs

Power Ministry Proposes Renewable Energy Central Pool with Uniform Tariffs

The Ministry of Power (MoP) has suggested creating a central pool of interstate transmission systems (ISTS)-connected renewable energy sources from which an intermediary company will procure power to be supplied ...
/ / Grid, Market & Policy
EV Charging Startup Exponent Energy Raises $13 Million in Series A Funding Round

EV Charging Startup Exponent Energy Raises $13 Million in Series A Funding Round

Electric vehicle (EV) charging startup Exponent Energy secured $13 million in its Series A funding round. The funding round led by Lightspeed Venture Partners saw participation from existing investors like ...
Open Access Consumers in West Bengal to Pay Wheeling Charges of ₹0.99kWh for FY23

Open Access Consumers in West Bengal to Pay Wheeling Charges of ₹0.99/kWh for FY23

West Bengal Electricity Regulatory Commission (WBERC) has directed open access consumers to pay ₹0.99 (~$0.012)/kWh as wheeling charges to West Bengal State Electricity Distribution Company (WBSEDCL) for the use of ...
/ / Grid, Market & Policy
Tariff Regulations Issued for Renewable Projects Selling Power to Chhattisgarh DISCOMs

Tariff Regulations Issued for Renewable Projects Selling Power to Chhattisgarh DISCOMs

Chhattisgarh State Electricity Regulatory Commission (CSERC) has issued regulations specifying the terms and conditions of tariffs for renewable energy projects to sell power to distribution licensees (DISCOMs) in the state ...
Shapoorji Pallonji to Offload 1.25% Stake in Sterling and Wilson

Shapoorji Pallonji to Offload 1.25% Stake in Sterling and Wilson

Shapoorji Pallonji has proposed to sell 2,370,787 equity shares having a face value of ₹1 (~$0.013) each, amounting to a 1.25% equity it holds in its solar engineering and construction ...
/ / Finance and M&A, Solar
Storage Solutions Provider Energy Vault Reports Revenue of $43.9 Million in 1H 2022

Storage Solutions Provider Energy Vault Reports Revenue of $43.9 Million in 1H 2022

Gravity-based energy storage solutions provider Energy Vault has announced the financial results for the first half (1H) and second quarter (Q2) of the calendar year (CY) 2022. The Switzerland-based company ...
/ / Energy Storage
Battery Company Solid Power Reports 360% YoY Increase in Revenue in Q2 2022

Battery Company Solid Power Reports 360% YoY Increase in Revenue in Q2 2022

Solid Power, an all-solid-state rechargeable battery cells manufacturer, reported revenue of $2.58 million in the second quarter (Q2) of 2022, a 360% year-over-year (YoY) growth compared to $561,000 in Q1 ...
/ / Other, Renewable Energy
Daily News Wrap-Up 2G Ethanol Plant Worth ₹9 Billion Inaugurated in Haryana

Daily News Wrap-Up: 2G Ethanol Plant Worth ₹9 Billion Inaugurated in Haryana

Here are some noteworthy cleantech announcements of the day from around the world: Prime Minister Narendra Modi inaugurated a 2G ethanol plant at Panipat Refinery in Haryana. The plant was ...
/ / Other, Renewable Energy
Fuel Cell Manufacturer Bloom Energy Records Net Loss of $118 Million in Q2 2022

Fuel Cell Manufacturer Bloom Energy Records Net Loss of $118 Million in Q2 2022

Bloom Energy, a U.S.-based solid oxide fuel cells manufacturer, recorded total revenue of $243.24 million in the second quarter (Q2) 2022, a 6.4% year-over-year (YoY) growth compared to $228.47 million ...
/ / Other, Renewable Energy
Brookfield Renewable Partners Reduces Loss by 98% YoY in Q2 2022

Brookfield Renewable Partners Reduces Loss by 98% YoY in Q2 2022

Canada-based renewable energy investor Brookfield Renewable Partners announced the financial results for the first half (1H) and the second quarter (Q2) of the calendar year (CY) 2022. The company reported ...
/ / Other, Renewable Energy
Hydrogen Fuel Cell Company Plug Power's Revenue Rises 21% YoY in Q2 2022

Hydrogen Fuel Cell Company Plug Power’s Revenue Rises 21% YoY in Q2 2022

Plug Power, a U.S.-based provider of green hydrogen and fuel cell solutions, recorded a revenue of $151.27 million in the second quarter (Q2) of 2022, a 21% year-over-year (YoY) growth ...
/ / Finance and M&A, Other
Solar Tracking Systems Company FTC Solar’s Loss Reduces to $25.62 Million in Q2 2022

Solar Tracking Systems Company FTC Solar’s Loss Reduces to $25.62 Million in Q2 2022

U.S.-based solar tracker systems provider FTC Solar recorded a revenue of $30.7 million in the second quarter (Q2) of 2022, a year-over-year (YoY) drop of 39% compared to $50.1 million ...
/ / Other, Renewable Energy
25 State Power Utilities Downgraded in Annual DISCOM Ratings

25 State Power Utilities Downgraded in Annual DISCOM Ratings

The Ministry of Power has released its tenth annual integrated ratings for the state distribution companies (DISCOMs) for the financial year (FY) 2022. Out of the 71 DISCOMs covered, six ...
/ / Grid, Market & Policy
GIB Issue Undergrounding 66 kV Transmission Lines for Power Evacuation Not Feasible

GIB Issue: Undergrounding 66 kV Transmission Lines for Power Evacuation Not Feasible

The Technical Expert Committee constituted to lay down the techno-economic norms on undergrounding of power lines has determined that undergrounding of transmission lines of 66 kV and above voltage levels ...
/ / Grid, T&D
Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Gujarat-based power company Torrent Power recorded revenue of ₹66.19 billion (~$832.01 million) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 110% compared ...
/ / Other, Renewable Energy
Amara Raja Batteries’ Net Profit Rises by 33% QoQ in Q1 FY23

Amara Raja Batteries’ Net Profit Rises by 33% QoQ in Q1 FY23

Amara Raja Batteries recorded an income of ₹26.21 billion (~$329.14 million) in the first quarter (Q1) of the financial year (FY) 2023, a 20% quarter-over-quarter (QoQ) increase from the ₹21.81 ...
/ / Other, Renewable Energy