Monthly Archives: November 2019

Larger EV Parc to Generate Investment Opportunities in the Utility Grid Infrastructure

With greater vehicle electrification and the rise of disruptive technologies such as vehicle-to-grid (V2G) and peer-to-peer blockchain trading, utilities are expected to employ smart charging and demand response programs to cope with the growing demand for energy. Cumulative electric vehicle (EV) sales are set to increase to 34 million in 2025, 121.2 million in 2030, and 636.7 million by 2040, driving the cumulative power demand […]

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Himachal Pradesh Chief Minister to use electric SUV for his travels

Pushing for greener mobility, Himachal Pradesh Chief Minister Jai Ram Thakur will be using electric SUV for his travels, officials said on Thursday. A new electric car has been added to the fleet of vehicles in the Chief Minister’s cavalcade, an official told IANS. He said electrical Hyundai Kona would be used by the Chief […]

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Toshiba signs EoI with Kerala govt for lithium-ion battery manufacturing

The Toshiba Group on Thursday signed an Expression of Interest with the Kerala government for technology transfer and manufacturing lithium-ion (Li-ion) batteries for electric vehicles, an announcement by the Chief Minister’s Office said here. The agreement is an outcome of the Japan visit by Chief Minister Pinarayi Vijayan at the head of a high-level state […]

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SmartCity Kochi commissions a 564-kWp rooftop solar power plant

SmartCity Kochi has commissioned a 564-kWp rooftop solar power plant, it was inaugurated by Kerala State Electricity Regulatory Commission (KSERC) Chairman Preman Dinaraj. The newly installed solar power plant which is also one of the largest among the IT parks in Kerala can generate around 8.20 lakh units of electricity annually. The commissioned solar power […]

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India signs MoU with Switzerland on Climate Change

A Memorandum of Understanding (MoU) between the Government of India represented by the Ministry of Environment, Forest and Climate Change and the Government of Switzerland represented by the Federal Department of Foreign Affairs on Technical Cooperation in the field of Climate Change and Environment was signed recently. This information was provided by Minister of State, […]

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UP becomes first state to bring blockchain-enabled solar power trading: Report

Uttar Pradesh becomes first state in the country to bring blockchain-enabled solar power trading. The state government has reportedly introduced the blockchain technology to the rooftop solar power segment, allowing consumers to trade their surplus solar energy. UP Power Corporation Limited (UPPCL) and UP New and Renewable Energy Development Agency (UPNEDA) — have launched the […]

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Tata Power looking to sell stake in renewable energy portfolio to global investors: Report

Tata Power is reportedly looking to sell stake in its renewable energy portfolio to global investors. The Chief executive of Tata Power- Praveer Sinha speaking to Reuters said that the company is examining the option of bringing in global investors through an infrastructure investment trust, commonly called an InvIT, he added the funds would help […]

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Royal Enfield Working On Electric Bike for India

Motorcycle manufacturer- Royal Enfield is reportedly working electric bike for India. Vinod Dasari, chief executive officer, Royal Enfield speaking to the ET said, “Just because there was a downturn, we did not cut down on our capex. I don’t think we will spend any more on any large (facility). Most of our capex will go […]

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Global EV Battery Market Expected to Grow at a CAGR of More Than 19%

The Global EV Battery market is expected to grow with a CAGR over 19% by 2025, owing to increasing demand for environment-friendly vehicles says Research and Markets. The research firm in its report notes that the Global EV Battery market is dominated by several players, amongst them the major players are Panasonic Corporation, Mitsubishi Electric […]

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ADB approves USD 250 mn loan to EESL to expand energy efficiency investments

The Asian Development Bank (ADB) on Wednesday said it has approved a loan of USD 250 million (about Rs 1,775 crore) as part of an assistance package to EESL to expand energy efficiency investments in India. The new ADB project is a sector loan guaranteed by the Government of India, allowing for undertaking of sub-projects […]

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