Hinduja Group, an Indian multinational, has invested GBP 15 million (($18.4 million) with four other investors in Connected Energy, a developer of energy storage systems based on second-life electric vehicle batteries. The investment will help Connected Energy to scale up its operations and move into utility-scale project development.
Battery startup Nunam is working with German carmaker Audi AG and the Audi Environmental Foundation to roll out electric rickshaws powered by used Audi e-tron used batteries. It expects to launch the e-rickshaws in India at some point early next year.
France’s TotalEnergies has signed an agreement with Adani Enterprises to acquire 25% of its new energy arm, Adani New Industries Ltd. The joint venture platform, ANIL, will be integrated across the value chain to drive down green hydrogen production costs. It aims to develop a green hydrogen production capacity of 1 million tons per annum by 2030.
Kredence, a Gujarat-based PV chemical solution provider, will provide its production facilities in India to deliver the latest version of RENA monoTEX moderating and wetting agent for alkaline texturing of mono Si-wafers.
Webdyn’s Indian unit has supplied remote monitoring tech and hybrid power management solutions for 4.2 GW of solar plants since 2015, while Italian inverter maker Fimer has supplied its 1 MVA inverters for a new integrated solar-plus-storage project in Gujarat.
Ayana Renewable Power and Greenstat Hydrogen India have signed an agreement to jointly develop green hydrogen projects in India. The first one will be launched in Karnataka.
Switzerland’s Energy Vault will support India’s state-run power producer NTPC in energy transition by deploying its gravity-based energy storage technology and software solutions.
BSES Yamuna Power Limited has deployed a digital solution pilot project that predicts the energy demand at consumption points like electric vehicle charging stations and energy generation capacity at solar rooftops. This will help the utility plan to store excess energy by considering the distribution congestion and commercial aspects.
Norwegian renewable energy developer Statkraft has partnered Norway’s green investment company Aker Horizons to explore fully-integrated renewable power generation and green hydrogen production in India, targeting local steel and fertilizer industries.
With this acquisition, the Indian manufacturer’s solar glass output will grow to 750 tonnes per day (TPD) from the current 450 TPD.
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