Advait Infratech net profit rises 300% yoy in Q1
Advait Infratech has reported a net profit (profit after tax) of INR 583.16 lakh in the April-May-June quarter of FY 2024-25, around 300% increase over INR 146.48 lakh profit for the corresponding period of the last fiscal.
GSECL secures PPA for 35 MW/57 MWh solar-plus-storage project
Gujarat State Electricity Corp. Ltd has secured a power purchase agreement with Gujarat Urja Vikas Nigam Ltd for its 35 MW solar PV with 57 MWh battery energy storage project.
Amazon partners Gentari to deploy electric vehicles in India
Amazon has partnered with Gentari to deploy more three-wheeler electric vehicles for Amazon deliveries.
Avaada Group signs MoU for 2.75 GW of pumped storage projects in Maharashtra
Avaada Group has signed an agreement with the Government of Maharashtra for the development of two pumped storage projects with a combined capacity of 2.75 GW in Maharashtra.
The Hydrogen Stream: Clean ammonia supplies set to soar, says BNEF
BloombergNEF says clean ammonia supplies could expand by 30 times to 32 million tons by 2030, while MAX Power Mining has roughly tripled the size of its Rider Natural Hydrogen Project in western Canada.
Amara Raja secures lithium battery, EV charger deal with Piaggio India
Amara Raja has signed the agreement to develop and supply lithium-ion cells, battery packs, and chargers for Piaggio electric vehicles in India.
India 2024-25 budget: A strategic and holistic focus on energy sector
India’s 2024-25 budget reflects a strategic and holistic approach to the energy sector, emphasising sustainability, innovation, and energy security. By promoting pumped storage, advancing nuclear technology, transitioning to emission targets, and supporting renewable energy and energy efficiency, the budget lays a strong foundation for a sustainable and resilient energy future
Advait Energy invests in Norway’s TECO 2030
Advait Energy Holdings has invested in the Norwegian company TECO 2030 that develops PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules. Post this initial tranche of investment, it holds 2.63% shares of TECO 2030.
Sineng Electric launches world’s largest sodium-ion battery storage project
Sineng Electric’s 50 MW/100 MWh sodium-ion battery energy storage system (BESS) project in China’s Hubei province is the first phase of a larger plan that will eventually reach 100 MW/200 MWh. The initial capacity has already been connected to the grid and can power around 12,000 households for an entire day.
JSW Energy secures LoA for 230 MW renewables-plus-storage project
JSW Neo Energy has received a letter of award from Solar Energy Corp. of India (SECI) to set up renewable energy projects backed with energy storage system for supply of 230 MW of firm and dispatchable renewable power in a demand-following manner.
