Electric Vehicle Chargers Spending to Hit $200 Billion by 2026: BNEF

Electric Vehicle Chargers Spending to Hit $200 Billion by 2026: BNEF

Total investment in electric vehicle chargers is set to cross $100 billion in 2023, and the next $100 billion of spending is expected to be achieved within the next three ...
Rajesh Exports Signs Agreement for 5 GWh Lithium-Ion Cell Factory in Karnataka

Rajesh Exports Signs Agreement for 5 GWh Lithium-Ion Cell Factory in Karnataka

Bengaluru-headquartered Rajesh Exports, through its subsidiary ACC Energy Storage, has signed an agreement with the Union Ministry of Heavy Industries (MHI) and the Karnataka government’s Department of Industries and Commerce ...
BNEF, net zero, financing, green energy, public and private, investment, power supply, electrification

Search for Clean Energy Sources Needs $45.8 Trillion Investments by 2050

The search for clean and secure sources of low-carbon power — including fossil fuel-fitted with carbon capture technology — may present as much as a $45.8 trillion investment opportunity by ...
Tech Firm Entuple E-Mobility Secures $3 Million in Pre-Series A Funding

Tech Firm Entuple E-Mobility Secures $3 Million in Pre-Series A Funding

Electric powertrains technology company Entuple E-Mobility has raised $3 million in pre-series A funding from Blue Ashva Capital and Capital A, to enhance the company’s research and development (R&D) capabilities ...
Prices Discovered in Electric Bus Tender 29% lower than Diesel Buses: CESL

Prices Discovered in Electric Bus Tender 29% lower than Diesel Buses: CESL

Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), said that the prices discovered for the largest e-bus tender (6,465 electric buses) under Phase ...
Top Developments That Shaped the Electric Vehicle Industry in 2022

Top Developments That Shaped the Electric Vehicle Industry in 2022

The rapid adoption of electric vehicles (EVs) and their increasing popularity indicate they are no longer a short-term trend but a viable alternative to internal combustion automobiles. EV sales stood ...
Battery Tech Company Group14 Completes $614 Million Series C Funding Round

Battery Tech Company Group14 Completes $614 Million Series C Funding Round

Global manufacturer of advanced silicon battery technology Group14 Technologies said it has raised $214 million in additional financing and completed its $614 million series C funding round. The additional financing ...
Daily-News Wrap-Up Iberdrola Announces €47 Billion For Energy Transition

Daily-News Wrap-Up: Iberdrola Announces €47 Billion For Energy Transition

Here are some noteworthy cleantech announcements of the day from around the world: Spain-based electric utility company Iberdrola announced a record investment plan of €47 billion ($47.2 billion) for energy ...
/ / Other, Renewable Energy
CO2 Emissions from Fossil Fuels Drop Globally Due to Expansion of Renewables: IEA

CO2 Emissions from Fossil Fuels Drop Globally Due to Expansion of Renewables: IEA

Carbon dioxide (CO2) emissions from fossil fuel combustion globally are expected to grow by just under 1% this year as the strong expansion of renewables and electric vehicles prevent a ...
Renewable Energy to Make Up for 50% of the Global Energy Mix by 2050, says DNV Study

Renewable Energy to Make Up for 50% of the Global Energy Mix by 2050, says DNV Study

Renewables will cut the conventional energy share in the overall energy mix to just below the 50% mark in 2050, according to a study by the Norwegian independent energy expert ...
646,439 Rural Households in West Bengal Electrified Under SAUBHAGYA Program

646,439 Rural Households in West Bengal Electrified Under SAUBHAGYA Program

The West Bengal Electricity Regulatory Commission (WBERC) has approved an investment proposal of ₹2.42 billion (~$32.92 million) by the West Bengal State Electricity Distribution Company (WBSEDCL) for providing connectivity and ...
/ / Grid, T&D
ADB Extends Nearly $133 Million to Modernize Meghalaya’s Power Distribution System

ADB Extends Nearly $133 Million to Modernize Meghalaya’s Power Distribution System

The Asian Development Bank (ADB) announced that it has approved a $132.8 million loan to modernize the power distribution network in Meghalaya. The loan will be utilized to support a ...
/ / Grid, Market & Policy
₹110 Billion Has Been Invested for Bihar’s Electrification in Recent Years: RK Singh

₹110 Billion Has Been Invested for Bihar’s Electrification in Recent Years: RK Singh

The Union Minister of Power and New & Renewable Energy, R.K. Singh, announced that the Ministry of Power (MoP) had invested ₹110 billion (~$ 1.5 billion) for electrification in Bihar ...
/ / Finance and M&A, Other
EXIM Bank Floats Tender Seeking Consultants for Rural Solar Projects in Suriname

EXIM Bank Floats Tender Seeking Consultants for Rural Solar Projects in Suriname

The Export-Import Bank of India (EXIM) has floated a tender seeking Indian consultancy firms to assist in the electrification of 50 villages in the Republic of Suriname in South America ...
Hitachi ABB Power Grids Wins ₹1.2 Billion Deal to Supply Transformers to Indian Railways

Hitachi ABB Power Grids Wins ₹1.2 Billion Deal to Supply Transformers to Indian Railways

Hitachi ABB Power Grids India announced that it won a ₹1.2 billion (~$16.05 million) order to help the Indian government's goal of 100% railway electrification and to reduce its carbon ...
ADB Grants ₹346 Million Loan towards Rural Electrification in Maharashtra

ADB Grants ₹346 Million Loan towards Rural Electrification in Maharashtra

The Asian Development Bank (ADB) announced that it had approved a $346 million (~₹26.92 billion) loan to India to help provide efficient and reliable power to rural agriculture customers in ...
AfDB and Nigeria Launch National Electrification Project to Boost Energy Access

AfDB and Nigeria Launch National Electrification Project to Boost Energy Access

The African Development Bank (AfDB) and the Government of Nigeria announced the launch of their National Electrification Project (NEP), which aims to help improve access to energy by promoting private ...
/ / Grid, Other
Nearly ₹29 Billion Allotted for Off-Grid Renewable Generation in Last 3 Years

Nearly ₹29 Billion Allotted for Off-Grid Renewable Generation in Last 3 Years

A corpus of ₹29.37 billion (~$0.43 billion) has been provided for off-grid renewable energy generation sources in the past three consecutive budgets, beginning with the financial year (FY) 2016-17 and ...
World Bank Approves $180 Million Fund to Support Kenya’s Energy Sector

World Bank Approves $180 Million Fund to Support Kenya’s Energy Sector

The World Bank has approved $180 million in assistance to Kenya to strengthen the financial health of the Kenya Electricity Generation Company Limited (KenGen) and improve private sector financing in ...
/ / Grid, Utilities
Government Says 100% of Villages Now Have Access to Electricity

Government Says 100% of Villages Now Have Access to Electricity

With the electrification of Leisang village in the Senapati district of Manipur, India has now achieved total electrification of its 597,464 inhabited villages. Though the success of DDUGJY sounds like ...
SAUBHAGYA Household Electrification Program Launched in Madhya Pradesh

SAUBHAGYA Household Electrification Program Launched in Madhya Pradesh

Madhya Pradesh recently became the third state after Manipur and Jammu and Kashmir to join the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) program. Through the SAUBHAGYA rural electrification ...
/ / Markets & Policy, Solar
DISCOM Load Shedding

India to Crack Down on DISCOM Load Shedding

In an effort to ensure reliable electricity services for all Indians, Power Minister Raj Kumar Singh announced a plan to penalize distribution companies (DISCOMs) if they indulge in “gratuitous load-shedding.” ...
/ / Grid, Utilities
Green Initiatives and Railway Electrification

Indian Railways to Shift the Energy Mix Toward Renewable Sources

The International Conference on Green Initiatives and Railway Electrification has opened to a discourse on green initiatives, electrification, and decarbonization of the Indian Railways using renewable energy as a critical ...
/ / Markets & Policy, Solar
Pradhan Mantri Sahaj Bijli Har Ghar Yojana

Solar Power Packs to Electrify Remote Areas Under a New Government Program

The Prime Minister, Shri Narendra Modi, has launched a new program called Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) to electrify all willing households in the country in rural ...
/ / Off-grid, Solar