The investment—part of a $592 million assistance package—will be used to promote adoption of smart meters, distributed solar photovoltaic systems and e-vehicles in India.
The electric vehicle (EV) charging infrastructure will come up in South Delhi Municipal Corporation area over a 10-year period, starting with installation in 18 locations within 6 months from the effective date.
Under the partnership, Magenta will install its electric vehicle charging solution ChargeGrid Pro at Lodha Group’s real estate projects in Mumbai, delivering installation to charging support, round-the-clock service, and maintenance support.
The recycling market will experience a tenfold expansion between last year and 2030, driven by EV battery usage and portable electronics. Retrieving valuable metals and minerals is becoming a high priority and several dozen companies are already in position for the first big wave of end-of-life batteries.
Range anxiety continues to be an obstacle to electric vehicle take-up but the nation’s willingness to embrace car-sharing and other workarounds offers plenty of promise to the sector, according a World Economic Forum report.
Under the MoU, Energy Efficiency Services Ltd will make the investment on services along with the operation and maintenance of the public charging infrastructure, while the telecom operator would provide the space and power connections.
Technical consultancy DNV GL has published its Energy Transition Outlook 2019. While the electric vehicle, storage and renewable energy industries are likely to see significant rises in demand, the sobering conclusion is the world will miss carbon reduction targets by a long shot.
The chargers will be set up in six cities (Agra, Bengaluru, Goa, Hyderabad, Ranchi, Shimla) and along Delhi-Jaipur-Agra-Delhi and Mumbai-Pune-Mumbai highways.
Vehicle-to-grid functions could soon become increasingly important. While policymakers discuss the necessary regulations in other nations, the Netherlands government is motoring ahead with the technology.
The Australian Renewable Energy Agency will contribute $15 million towards a planned nationwide network of ultra-fast charging stations that could show the way ahead for electromobility in India.
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