Fluence, ReNew to set up energy storage joint venture
The Fluence and ReNew Power joint venture will serve a diversified customer base in India by localizing and integrating Fluence’s energy storage products and packages for the local market. ReNew will become its first customer by procuring a 150 MWh battery-based energy storage system for its 300 MW peak power project in Karnataka.
Ohmium partners IIT Madras on PEM electrolyzer R&D
The USA-headquartered green hydrogen generator developer has entered into an R&D partnership with IIT Madras Research Park (IITMRP) to improve the performance and lower the cost of its polymer electrolyte membrane (PEM) electrolyzers.
Hero Future Energies, Ohmium to install 1 GW of green hydrogen capacity
Indian renewable energy developer Hero Future Energies has partnered with US-based Ohmium International on the development of green hydrogen plants in India, the UK, and Europe with a cumulative electrolyzer capacity of 1 GW.
Bloom Energy to power India’s first green hydrogen microgrid
State-owned NTPC Limited has selected California-headquartered Bloom Energy’s electrolyzer and hydrogen-powered fuel cell technologies for the nation’s first green hydrogen-based energy storage deployment.
US-based DroneBase acquires solar analytics firm AirProbe
With the acquisition, DroneBase adds AirProbe’s market-leading artificial intelligence solution for aerial solar inspections and proprietary data analytics and expands its reach to India, Asia, and Europe markets.
American bank to lend $500 million for First Solar’s 3 GW fab in India
The debt finance from U.S. International Development Finance Corporation will support the thin-film solar manufacturer’s 3 GW/ annum module manufacturing facility coming up in Tamil Nadu.
Ohmium ships its first ‘made in India’ hydrogen electrolyzer to USA
USA-headquartered Ohmium International, through its subsidiary in India, manufactures modular-interlocking proton exchange membrane (PEM) electrolyzers for hydrogen production. The company aims to make India a nucleus for global hydrogen-based green energy solutions with R&D centers in Silicon Valley (USA) and Bengaluru (India).
Power Global lithium batteries to drive Rap Eco Motors’ 50,000 EVs
The US-based startup, which has a battery production plant in Greater Noida, has landed a deal to supply its swappable lithium-ion battery technology to Hyderabad-based Rap Eco Motors.
KKR-backed Virescent Infrastructure raises US$62 million
Mumbai-headquartered Virescent Infrastructure, set up by US investor KKR to own and operate renewable energy assets in India, has raised INR 4.6 billion (US$62 million) through its renewable energy-focused infrastructure investment trust (InvIT). Canada’s Alberta Investment Management Corporation (AIMCo) led the funding.
C4V signs 1.16 GWh lithium battery cell supply deal with Omega Seiki
The New York-headquartered technology provider will supply over 1.16 gigawatt-hours (GWh) of its lithium-ion battery cells to power India-based Omega Seiki’s lineup of electric vehicles. The cells, assembled into batteries, will be delivered over the next five years.
