BGauss raised Rs 161 crore from Bharat Value Fund to speed up growth and expand in India and abroad. The company plans to increase dealerships and manufacturing capacity. They aim to be among the top five EV two-wheeler players in India. BGauss also plans to expand to Europe and SAARC countries.
BGauss raised Rs 161 crore from Bharat Value Fund to speed up growth and expand in India and abroad. The company plans to increase dealerships and manufacturing capacity. They aim to be among the top five EV two-wheeler players in India. BGauss also plans to expand to Europe and SAARC countries.
LICO Materials aims to triple its revenue to over Rs 100 crore by FY26, leveraging the growing EV and energy storage demand in India. The company recently inaugurated a battery recycling facility in Bengaluru and plans to set up another unit in Delhi-NCR. With India's EV industry booming, LICO anticipates significant environmental savings through effective battery recycling.
The Ministry of New and Renewable Energy has introduced guidelines for implementing Payment Security Mechanism and Central Financial Assistance for rooftop solar installations under PM-Surya Ghar: Muft Bijli Yojana. The scheme includes RESCO and Utility-led Aggregation models for easier access to solar energy. ₹100 crore is allocated for de-risking investments in residential rooftop solar models.
The investment will bolster Jupiter's position in the solar sector by significantly expanding its capacity across wafer production, solar cell manufacturing, and module assembly, it said, adding that the company aims to establish a robust and seamless supply chain that spans every stage of solar manufacturing.
O2 Power secures an 800-MWh battery energy storage project in Rajasthan, through a competitive bidding by Solar Energy Corporation of India Ltd. The project includes a mix of solar and battery systems to supply power during non-solar peak hours, and is expected to be commissioned within 24 months.
Indian Oil Corporation (IOC) is expecting over six bids to establish a 10,000 tonnes per year green hydrogen plant at its Panipat refinery. The renewed tender includes updated eligibility and qualification criteria, aiming to attract more participation following two previously cancelled tenders. Companies like Linde, GH4India, and NTPC Green are anticipated to submit bids.
BrightNight has commissioned the first phase of its 115 MW hybrid renewable power project in Maharashtra, achieving its first energy delivery into the Indian power grid. The Optima Maharashtra project integrates wind and solar technologies, spans 14,000 acres, and will help the state meet its renewable energy goals.
India's wind power sector seeks government support to achieve 110 GW capacity by 2030. The industry proposes stronger renewable energy purchase obligations and extended transmission fee waivers. Over 30 GW of wind projects await power purchase agreements. Faster transmission line development is crucial. The sector added 3,253 MW in FY24, up from 1,110 MW in FY22.
Union Minister Prahlad Joshi encourages individuals to install their own solar panels under the Surya Ghar Muft Bijli Yojana, which provides a 40% subsidy. He emphasizes the long-term sustainability of renewable energy, highlighting advancements in solar technology and other renewable sources to counter rising global temperatures and environmental degradation.
NHPC plans to invest over Rs 5,500 crore in Bihar's renewable energy sector, including solar, floating solar, and storage projects. CMD Raj Kumar Chaudhary highlighted the need for state government support in land acquisition and approvals, citing SJVN's challenges in securing land for its projects. Bihar's current energy capacity is primarily thermal, offering significant opportunities for renewable energy investment.
India's transition to electric vehicles (EVs) is crucial for combating climate change and achieving sustainability goals. EVs reduce emissions, aligning with ESG norms. Digital platforms are key in facilitating EV adoption by connecting consumers, providing charging infrastructure, and offering data-driven solutions to overcome challenges like cost and range anxiety.
India is witnessing a surge in electric two-wheeler adoption. Government subsidies, like the PM E-Drive scheme, are making EVs affordable for commuters and gig workers. This shift to electric is reducing fuel costs, boosting rider earnings, and curbing pollution in cities. Charging infrastructure is also expanding rapidly to support this growth.
Hyundai Motor India has revealed the interiors of the Hyundai Creta Electric SUV with a dual-tone Granite Gray and Dark Navy design. It features advanced technology like a 26.03 cm infotainment screen and touch-type temperature control. The SUV uses eco-friendly materials for the seats and offers spacious interiors with abundant storage space.
