Amazon to Invest €1 Billion to Decarbonize its Transport Network in Europe

Amazon to Invest €1 Billion to Decarbonize its Transport Network in Europe

E-commerce conglomerate Amazon plans to invest over €1 billion (~$973 million) until 2027 to further electrify and decarbonize its transportation network across Europe. The investment will involve delivering packages to ...
217,000 Solar Mini Grids Needed by 2030 to Provide Power to Half a Billion People

217,000 Solar Mini Grids Needed by 2030 to Provide Power to Half a Billion People

The world will require over 217,000 solar mini grids at a cumulative cost of $127 billion by 2030 to provide power to half a billion people globally, a report by ...
EoI Issued to Empanel Lending Institutions for Financing EVs Across India

EoI Issued to Empanel Lending Institutions for Financing EVs Across India

Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has issued an expression of interest (EoI) to empanel financial institutions to finance electric vehicles ...
/ / Electric Vehicles, Grid
Implementation of Revisions to EV Battery Testing Standards Postponed

Implementation of Revisions to EV Battery Testing Standards Postponed

The Ministry of Road Transport and Highways (MoRTH) has extended the implementation of amendments to Electric Vehicle (EV) battery testing standards from October 1, 2022, to December 2022 and March ...
Market Clearing Price Cap of ₹12/kWh in Power Exchanges Valid Until December-end

Market Clearing Price Cap of ₹12/kWh in Power Exchanges Valid Until December-end

The Central Electricity Regulatory Commission (CERC) has ruled that the power exchanges should continue to allow members to quote a price in the range of ₹0/kWh to ₹12(~$0.15)/kWh in the ...
/ / Grid, Market & Policy
Hertz and bp to Develop Network of EV Charging Stations in North America

Hertz and bp to Develop Network of EV Charging Stations in North America

The Hertz Corporation, a subsidiary of American car rental company Hertz Global Holdings, and global energy business conglomerate bp, inked a memorandum of understanding to develop a national network of ...
EV Charging Infrastructure to be Set Up Along 75,000 Miles of Highways in the U.S.

EV Charging Infrastructure to be Set Up Along 75,000 Miles of Highways in the U.S.

The U.S. Department of Transportation has approved Electric Vehicle Infrastructure Deployment Plans for all 50 States covering approximately 75,000 miles of highway across the country. With this approval, all States ...
Empanelment Tender Floated to Set Up 738 EV Charging Stations Across India

Empanelment Tender Floated to Set Up 738 EV Charging Stations Across India

Rajasthan Electronics and Instruments (REIL), a joint venture between the center and the Rajasthan government, has issued a tender to empanel agencies to identify locations, install, operate & maintain 738 ...
/ / Electric Vehicles, Grid
Uttar Pradesh DISCOM to Tender 10 MW40 MWh Battery Energy Storage Project

Uttar Pradesh DISCOM to Tender 10 MW/40 MWh Battery Energy Storage Project

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a request by the Uttar Pradesh Power Corporation (UPPCL) to issue a tender to install five battery energy storage systems (BESS) ...
CESL Invites Bids to Procure 5,690 Electric Buses

CESL Invites Bids to Procure 5,690 Electric Buses

Convergence Energy Services (CESL), a wholly-owned subsidiary of Energy Efficiency Services (EESL), has invited bids to select bus operators for the procurement, and operation & maintenance (O&M) of 5,690 electric ...
Bids Invited to Set Up 47 Solar EV Charging Stations in Indore

Bids Invited to Set Up 47 Solar EV Charging Stations in Indore

Atal Indore City Transport Service (AICTSL), a special purpose vehicle operating the city’s public transport, has invited bids to select an agency for establishing, operating, and maintaining (O&M) 47 solar ...
EV Startup Esmito Raises $100 Million to Expand Battery Swapping Solutions

EV Startup Esmito Raises ₹100 Million to Expand Battery Swapping Solutions

Esmito, an IIT Madras incubated electric vehicle (EV) startup, has raised ₹100 million (~$1.25 million) in a seed round led by Mumbai-based early-stage investor Unicorn India Ventures. The funds raised ...
Punjab Aims 25% EV Registrations by 2027, Incentivizes Giga Battery Manufacturing

Punjab Aims 25% EV Registrations by 2027, Incentivizes Giga Battery Manufacturing

The draft Punjab Electric Vehicle Policy 2022 has targeted 25% of annual vehicle registrations to be electric vehicles (EVs) by 2027. The draft policy issued by the Punjab Department of ...
Regulator Allows DISCOMs to Buy Green Power from Exchange-Linked Contracts

Regulator Allows DISCOMs to Buy Green Power from Exchange-Linked Contracts

The Maharashtra Electricity Regulatory Commission (MERC) recently directed three distribution companies (DISCOMs) to tie up the medium-term and short-term power for their base load at the earliest. It also allowed ...
/ / Grid, Market & Policy
Project Finance Brief: Terra-Gen Raises $959 Million for Solar Storage Projects

EV Charging Infrastructure Company TeraWatt Raises $1 Billion

California-based electric vehicle charging infrastructure company TeraWatt has secured over $1 billion of institutional capital to support the buildout of its fleet-focused charging centers and operations. Funds managed by Vision ...
Husk Power Secures $6 Million Debt Facility to Implement Solar Microgrids

Husk Power Secures $6 Million Debt Facility to Implement Solar Microgrids

Husk Power Systems, which operates solar-hybrid microgrids across rural Asia and Africa, has signed a debt facility of $6 million from the EU- funded Electrification Financing Initiative (EDFI ElectriFI). The ...
/ / Grid, Market & Policy
A Smarter Grid Imperative for Efficient Clean Energy Transition GE Interview

A Smarter Grid Imperative for Efficient Clean Energy Transition: GE Interview

Maintaining grid stability is critical to transmitting the required power to consumers with increasing energy demands. Due to their intermittency, renewable assets require greater flexibility to incorporate distributed energy resources ...
/ / Grid, Market & Policy
Yulu Raises $82 Million Equity Funding to Ramp Up Mobility, Battery Swapping Businesses

Yulu Raises $82 Million Equity Funding to Ramp Up Mobility, Battery Swapping Businesses

Yulu, a Bengaluru-based shared electric mobility-as-a-service (MaaS) and battery-as-a-service (BaaS) provider, has secured equity funding of ₹6.5 billion ($82 million) in a Series-B funding round led by U.S.-based mobility technology ...
/ / Electric Vehicles, Grid
Rajasthan Lays Thrust on Electric Vehicle Manufacturing in its EV Policy 2022

Rajasthan Lays Thrust on Electric Vehicle Manufacturing in its EV Policy 2022

The Rajasthan EV policy 2022 lays out financial and non-financial incentives and initiatives that would support the adoption of electric vehicles (EV) and seeks to promote EV manufacturing and related ...
Chhattisgarh’s EV Policy Targets 15% of all Vehicles to be Electric by 2027

Chhattisgarh’s EV Policy Targets 15% of All Vehicles to Be Electric by 2027

The Chhattisgarh State Electric Vehicle Policy, 2022 aims to accelerate the adoption of electric vehicles (EV), especially in the two-wheeler, public/shared transport, and goods carrier segments. It has targeted 15% ...
Sterlite Commissions 400 kV Transmission Line to Evacuate 1 GW of Renewables from Gujarat

Sterlite Commissions 400 kV Transmission Line to Evacuate 1 GW of Renewables From Gujarat

Mumbai-based integrated power transmission developer Sterlite Power's Mumbai Urja Marg Transmission (MUML) commissioned a 400 kV transmission line in the Banaskantha, Kansari, and Vadavi regions of Gujarat, four months ahead ...
/ / Grid, Market & Policy
Electric Vehicle Battery Standards Amended for Enhanced Safety

Electric Vehicle Battery Standards Amended for Enhanced Safety

The Ministry of Road Transport and Highways has amended battery safety standards to prevent fire incidents in electric two-wheelers (E2W). The amendments provide for additional safety requirements related to battery ...
Bids Invited for Setting up 10 EV Charging Stations in Madhya Pradesh

Bids Invited for Setting up 10 EV Charging Stations in Madhya Pradesh

Satna Municipal Corporation (SMC) in Madhya Pradesh has invited bids to set up ten charging stations for electric vehicles (EVs) at various locations in the city. The successful bidder will ...
/ / Electric Vehicles, Grid
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
EV Charging Solutions Provider goEgoNetwork Raises ₹600 Million in Series A Funding

EV Charging Solutions Provider goEgoNetwork Raises ₹600 Million in Series A Funding

Pune-based provider of electric vehicle (EV) charging solutions goEgoNetwork raised approximately ₹600 million (~$7.53 million) in Series A equity funding to develop and install the Fast DC Charging Station product ...
/ / Electric Vehicles, Grid