Corporate Funding for Battery Storage Firms Jumps to $9.6 Billion in 1H 2021

Corporate Funding for Battery Storage Firms Jumps to $9.6 Billion in 1H 2021

Global corporate funding, including venture capital (VC) funding, public market, and debt financing for battery storage, smart grid, and efficiency companies in the first half (1H) of 2021, was up ...
The Path to Achieve 100% Renewable Electric Grid in the US

The Path to Achieve 100% Renewable Electric Grid in the US

Recent studies in the United States, such as the Los Angeles 100% Renewable Energy Study (LA100), have made a case that 100% renewable power grids are feasible. With the Biden ...
IFC to Invest $15 Million in a Fund For Clean Energy Projects in India and Bangladesh

IFC to Invest $15 Million in a Fund For Clean Energy Projects in India and Bangladesh

International Finance Corporation (IFC) – the financial arm of the World Bank – has proposed an equity investment of up to $15 million in South Asia Growth Fund II (SAGF II), ...
/ / Finance and M&A, Solar
daily news wrap

Daily News Wrap-Up: Iberdrola Looks to Invest in Innovative Agri Solar Solutions

Here are some noteworthy cleantech announcements of the day from around the world: Spanish electric utility company Iberdrola group is looking for low-cost and environment-friendly solutions to combine the roll-out ...
Corporate Funding for Battery Storage Companies Up 52% With $4.7 Billion in Q1 2021

Corporate Funding for Battery Storage Companies Up 52% With $4.7 Billion in Q1 2021

The venture capital (VC) funding for battery storage, smart grid, and energy efficiency companies in Q1 2021 saw a growth of 410% and stood at $1.3 billion, compared to $252 ...
/ / Grid, Smart Grid
Daily News Wrap-Up_ Oberoi Group inks MoU with EESL to cut Carbon Footprint

Daily News Wrap-Up: Oberoi Group inks MoU with EESL to cut Carbon Footprint

Here are some noteworthy cleantech announcements of the day from around the world: The Oberoi Group signed a memorandum of understanding (MoU) with Energy Efficiency Services Limited (EESL) to further ...
/ / Other, Renewable Energy
Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding

Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding

Smart Joules, an energy-efficiency-as-a-service company, said it raised $4.1 million in Series A funding from ADB Ventures, Burman Family Office, Max I. Limited, cKinetics Accelerator, Saket Burman from the Dabur ...
Solar Homes, Battery Rollout a Large Part of the $797 Million Budget for Australia’s Victoria

Solar Homes, Battery Rollout a Large Part of the $797 Million Budget for Australia’s Victoria

The Australian state of Victoria is investing $797 million to help citizens cover their electricity bill costs and make homes more energy efficient. "The victorian budget 2020/21 will deliver the ...
/ / Finance and M&A, Other
To Promote Energy Efficiency, BEE Sets New Criteria for Star Rating of Fluorescent Lamps

To Promote Energy Efficiency, BEE Sets New Criteria for Star Rating of Fluorescent Lamps

The Ministry of Power, in consultation with the Bureau of Energy Efficiency (BEE), has amended the star rating criteria of tube lights to promote energy efficiency. The fluorescent lamps are ...
UK’s Asset Management Fund to Foray into India’s Energy Efficiency Market

UK’s Asset Management Fund to Foray into India’s Energy Efficiency Market

EnergyPro Asset Management Limited (EPAM), a U.K.-based company, is set to raise £2 million (~$2.5 million) in equity funding to bridge energy transitions in the U.K. and India through technology ...
Tamil Nadu Issues Empanelment Tender for Renewables and Energy-Efficient Appliances

Tamil Nadu Issues Empanelment Tender for Renewables and Energy-Efficient Appliances

The Tamil Nadu Energy Development Agency (TEDA) has invited bids to empanel vendors for renewable energy projects and energy-efficient appliances in the state. The scope of work includes the procurement ...
NTPC Floats Tender for Installation of Smart Meters in its Faridabad Township

EESL Successfully Installs One Million Smart Meters Across India

The Energy Efficiency Services Limited (EESL), a joint venture of public sector units under the Ministry of Power, says it has successfully installed one million smart meters across India under ...
/ / Grid, Smart Buildings
Venture Capital Funding for Battery Energy Storage Companies Rises by 103% in 2019

Venture Capital Funding for Battery Energy Storage Companies Rises by 103% in 2019

In 2019, global VC funding (venture capital, private equity, and corporate venture capital) for battery storage, smart grid, and efficiency companies totaled $2.3 billion compared to $2.8 billion raised in ...
/ / Mercom Research Focus, Other
BEE to Help 100 Existing Buildings Achieve Nearly Zero Energy Status

BEE to Help 100 Existing Buildings Achieve Nearly Zero Energy Status

The Bureau of Energy Efficiency has a new program for conducting feasibility tests free of cost on 100 existing buildings, which will help them develop a framework to transform into ...
/ / Energy Efficiency, Other
An Estimated $24.7 Trillion Investment Potential in Green Buildings by 2030, Says IFC Report An Estimated $24.7 Trillion Investment Potential in Green Buildings by 2030, Says IFC Report

An Estimated $24.7 Trillion Investment Potential in Green Buildings by 2030, Says IFC Report

The International Finance Corporation (IFC), a member of the World Bank Group, has come out with its latest report that sheds light on the enormous potential of green buildings in ...
/ / Energy Efficiency, Other
ADB Approves $250 Million to EESL to Assist its Energy Efficiency Program in India

ADB Approves $250 Million to EESL to Assist its Energy Efficiency Program in India

The Asian Development Bank (ADB) has sanctioned a loan of $250 million as a part of the assistance package to the Energy Efficiency Services Limited (EESL). The loan will help ...
/ / Energy Efficiency, Other
VC Funding for Battery Storage Rises by 104% in the First Nine Months of 2019

VC Funding for Battery Storage Rises by 104% in the First Nine Months of 2019

Global VC funding (venture capital, private equity, and corporate venture capital) for battery storage, smart grid, and efficiency companies in the first nine months (9M) of 2019 was 54% higher ...
Off-Grid Solar

Easy Access to Finance in India’s Solar Off-Grid Market: PAYGo Report

Off-grid solar markets are instrumental in creating energy access to more than half a billion people around the world. According to the latest Pay-As-You-Go (PAYGo) Market Attractiveness Index (MAI), India ...
/ / Off-grid, Solar
India’s Economic Survey Predicts $330 Billion Investment in Renewable Sector by 2030

India’s Economic Survey Predicts $330 Billion Investment in Renewable Sector by 2030

India is among the top five countries in the world in terms of installed wind and solar capacity. According to the Economic Survey 2018-19, India ranks fourth in terms of ...
353 Million LED Bulbs Distributed Under Government’s UJALA Program

353 Million LED Bulbs Distributed Under Government’s UJALA Program

Under the government’s UJALA program, the Energy Efficiency Services Limited has distributed over 353 million LED bulbs so far. This, in turn, has resulted in an estimated energy savings of ...
In India, Investment in Renewables Surpassed Fossil Fuels in 2017

In India, Investment in Renewables Surpassed Fossil Fuels During 2018

Global investment in the renewable energy sector has gone up by 55% since 2010, according to the World Investment Report 2019 released by the International Energy Agency (IEA). The report ...
BEE and AEEE Release State Energy Efficiency Preparedness Index

Energy Efficiency Program for Residential Sector Launched

Minister for Power, Raj Kumar Singh announced the launch of ‘Energy Efficiency Label for Residential Sector’ program in India. The Bureau of Energy Efficiency (BEE) has developed this label for ...
EESL Launches Energy Efficient Air Conditioning Program

EESL Launches Energy Efficient Air Conditioning Program

Energy Efficiency Services Limited (EESL), a joint venture between the public-sector units of the Ministry of Power and the government of India, has launched a “Super-Efficient Air Conditioning Program” for ...
/ / Energy Efficiency, Other
Kuwait Invites Bids for Procurement of Smart Meters for Electricity and Water Consumers

Kuwait Invites Bids for Procurement of Smart Meters for Electricity and Water Consumers

Kuwait’s Ministry of Electricity and Water (MEW) has issued a request for procurement (RfP) for smart meters for electricity and water consumers with two-way communication technology. A bidder can either ...
/ / Energy Efficiency, Other
Maharashtra’s Shirdi Temple Reissues 10 MW Solar EPC Tender

UAE-Based Developer Yellow Door Raises $65 Million Investment to Scale Solar Energy

Yellow Door Energy (Yellow Door), a UAE-based solar developer, has announced that it has raised $65 million in a Series A financing round to scale its investments in solar energy and energy ...
/ / Finance and M&A, Solar