Grid

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DISCOM Dues to Power Generators in April Drop to ₹652 Billion

State distribution companies (DISCOMs) owed power generators ₹652.16 billion (~$7.81 billion) in total dues for the monthly billing cycle in April 2024, according to...

May 3, 2024

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Arjun Joshi

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Grid
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Charge Zone Secures $19 Million from BII to Expand EV Charging Infrastructure

Charge Zone, an India-based electric vehicle (EV) charging network firm, has secured a commitment of $19 million from British International Investment (BII), the United...

May 2, 2024

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Staff

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Electric Vehicles
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Corporate Funding in Energy Storage Sector Surges Five-Fold to $11.7 Billion in Q1

The global energy storage sector witnessed a 432% increase year-over-year (YoY) in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in...

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US Aims to Slash Grid Interconnection Timeline from 33 to Under 12 Months by 2030

The U.S. Department of Energy (DOE) has introduced a comprehensive roadmap to expedite the integration of clean energy sources into the national transmission grid. The...

April 25, 2024

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Gautamee Hazarika

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Grid

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Market & Policy
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Tesla’s EV Sales Drop, Energy Storage Revenues Surge in Q1 2024

U.S.-based electric vehicle (EV) maker Tesla reported a total revenue of $ 21.3 billion in the first quarter (Q1) of the financial year (FY) 2024, a 9% year-over-year...

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Ministry Says GENCOs Can Sell Surplus Power in the Market   

The Ministry of Power has clarified that power stations must always be available and ready to dispatch power according to the Tariff Policy 2016. Power generators can...

April 23, 2024

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Arjun Joshi

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Grid

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Market & Policy
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EV Logistics Firm BluWheelz Raises $1 Million in Bridge Funding

BluWheelz, a tech-enabled logistics firm with an electric vehicle (EV) fleet, received $1 million in a bridge funding round led by Venture Catalysts, an integrated...

April 22, 2024

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Staff

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Electric Vehicles
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AutoNxt Secures Pre-Series A Funding to Finance Electric Tractor Launch

AutoNxt Automation, a Maharashtra-based e-mobility tech startup, has raised funds in a Pre-Series A funding round to finance the launch of its first electric tractor...

April 11, 2024

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Mercom Staff

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Electric Vehicles

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Finance and M&A
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CERC Issues Draft Regulations on Regional Load Despatch Center Charges

The Central Electricity Regulatory Commission (CERC) has issued draft regulations to determine fees and charges to be collected by Regional Load Despatch Centres (RLDCs)...

April 10, 2024

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Arjun Joshi

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Grid

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Market & Policy
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DISCOM Dues to Power Generators in March 2024 Drop to ₹778 Billion

State distribution companies (DISCOMs) owed power generators ₹778.57 billion (~$9.34 billion) in total dues for the monthly billing cycle in March 2024, according to...

April 5, 2024

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Arjun Joshi

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Grid

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Other
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REIL Invites Bids to Set Up EV Charging Stations at Eight Locations in Delhi

Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the Government of India and the Government of Rajasthan, has issued a tender for the...

April 4, 2024

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Gautamee Hazarika

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Electric Vehicles

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Tenders & Auctions
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Renewable Energy Projects Bogged Down by Lack of Transmission Infrastructure

Renewable energy project development is surging across India, resulting in an unprecedented demand for evacuation infrastructure to connect to the grid. According to a...

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Government Goes into Overdrive to Ensure Energy Demand is Met in Summer

Anticipating an energy demand higher than in previous years as temperatures rise across the country, the government is taking measures to ensure zero load shedding in...

April 3, 2024

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B.S. Nagaraj

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Grid

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Market & Policy
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Singapore’s GIC and Sterlite Form JV to Expand India’s Power Transmission Network

In a bid to expand India’s power transmission network, Sterlite Power, a transmission developer, and Singapore-based GIC, an investment firm, have announced the...

April 1, 2024

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Staff

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Market & Policy
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Zetwerk Bags Contract to Install 1,400 EV Fast Chargers from Indian Oil

Bengaluru-based Zetwerk, an industrial and consumer infrastructure firm, has won a contract to set up over 1,400 electric vehicle (EV) fast chargers for Indian Oil...

April 1, 2024

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Staff

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Electric Vehicles

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