ADB assists VinFast with $135 million to support e-mobility in Vietnam

The Asian Development Bank (ADB) has mobilized a $135 million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam's...

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Fujifilm capitalizes $20 million in 24M Technologies, developer of semisolid batteries

Japan's Fujifilm Holdings has announced that it will invest an additional $20 million into 24M Technologies, a U.S. developer of next-generation "semisolid" lithium-ion batteries. ...

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Energy Vault, Wellhead Electric, and W Power ink pact for 275 MWh ES project in California

Energy Vault Holdings Inc. has announced the signing of the Stanton Energy Storage System (SESS) EPC contract with Wellhead Electric Company, Inc. and W Power, LLC. The project wil...

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EV investors launch EMFAI, an association aimed at accelerating EV adoption in India

A group of financiers of electrical autos has announced that they have launched the Electric Mobility Financiers Association of India (EMFAI). It will act as a typical platform for...

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LGES and Honda establishes JV for EV LiB production worth $4.4 billion in the US

LG Energy Solution and Honda Motor have announced an agreement to establish a joint venture (JV) company to produce lithium-ion batteries in the U.S. to power Honda and Acura EV mo...

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Marsh launches world’s first insurance facility for green and blue H2 project risks

Insurance broker and risk advisor Marsh have announced the launch of a first-of-its-kind insurance and reinsurance facility that provides dedicated insurance capacity for new and e...

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ETN Roundtable: India will easily surpass 30 percent electrification before 2030

Dr. Rahul Walawalkar, President and MD of Customized Energy Solutions India Pvt. Ltd., opined that access to finance and scale of investments are critical for the Indian EV industr...

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ETN Roundtable: Addressing the financial gap in India’s EV transition

India has made a strong commitment to e-mobility. The country's EV transition is gaining traction due to demand creation, State EV policies, and domestic manufacturing. Concurrentl...

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Cummins Inc. invests $24 million in VoltStorage, to advance the Destination Zero strategy

Cummins Inc. has announced an investment of $24M into VoltStorage, a technology company producing energy storage systems based on environmentally friendly redox flow technology. Cu...

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ReNew to set up green H2 plant worth $8 billion in Egypt

ReNew Power has announced that it has signed a preliminary agreement with the Egyptian government to invest around $8 billion (over Rs 63,000 crore) to produce green hydrogen in th...

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British Int’l Investment to invest $250 million in M&M's new passenger e-car venture

British International Investment (BII), the UK's development finance institution and impact investor, has announced that it will invest $250 million in a new passenger electric veh...

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Northvolt secures $1.1 billion to support battery mfg. factory rollout in Europe

Battery manufacturer Northvolt has announced the signing of a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to su...

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ACME Green H2 to set up green ammonia & H2 plant worth Rs. 52,474 crore in Thoothukudi

Gurugram-based ACME Green Hydrogen and Chemicals Pvt. Ltd. has announced that it is setting up green ammonia and green hydrogen factory in the port town of Thoothukudi, Tamil Nadu,...

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Tata Power, TN govt. ink MoU to set up mega solar mfg. plant worth Rs. 3,000 crore

Tata Power has announced that it has signed a Memorandum of Understanding (MoU) with the Tamil Nadu Government to invest approx. Rs. 3,000 crores for setting up a greenfield 4GW So...

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Okinawa Autotech to set up mfg. plant worth Rs. 500 crores in Rajasthan

Electric two-wheeler manufacturer Okinawa Autotech has announced that it will invest Rs 500 crore to set up a new manufacturing plant at Karoli in Rajasthan. Spread across 30 acres...

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India will require investments worth $223 billion to meet its 2030 wind, solar goals: BNEF

India will require $223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF (BNEF). ...

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India requires investments worth $250 billion to meet its 2030 RE targets: Moody’s report

India needs $225-250 billion over the next eight years if it is to meet its renewable energy targets, according to Moody's Investors Service. "The required investment assumes a pro...

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Indian RE sector records investment worth $14.5 billion in FY2021-22: IEEFA report

Investment in renewable energy in India reached a record US$14.5 billion in the last financial year (FY2021-22), an increase of 125 percent compared to FY2020-21 and 72 percent ove...

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Greaves Electric Mobility secures investment worth $220 million from Abdul Latif Jameel

Independent, family-owned, diversified global investor and operator, Abdul Latif Jameel has announced its commitment to invest $220 million (Rs 1,700 crore) in Greaves Electric Mob...

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Japan’s Chubu Electric invests in OMC Power, aims to scale RE portfolio in rural India

OMC Power has announced its new partnership through a Share Subscription Agreement with Chubu Electric Power Co. Inc. As their first-ever investment in India, Chubu Electric will s...

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Fortescue to fund PsiQuantum computing study low-cost green H2 production

Australia's Fortescue Future Industries (FFI) has announced that it is funding an initiative by California-based PsiQuantum that pursues to explore how quantum computing solutions ...

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Iberdrola commits $3.2 billion investment in green H2, accelerating European Green Deal

Spanish energy utility Iberdrola has announced that it has committed to investing €3 billion ($3.2 billion) in green hydrogen as part of its efforts to expedite the European Green ...

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Johnson Matthey to invest €20 million in Enapter, to expand green H2 presence

Johnson Matthey has announced that it has entered into a strategic partnership with Enapter, a pioneer and commercial leader in AEM electrolysis. AEM is a next-generation electroly...

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Maharashtra state, ReNew Power ink MoU for RE projects worth 50K crore at WEF, Davos

The Maharashtra energy department has announced that it has signed an MoU of Rs. 50,000 crore with ReNew power at Davos for investments in renewable energy in the state for the nex...

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Azure Power ink EOI with Karnataka govt. to develop RE projects worth 1700 MW

Azure Power has announced that it has signed an Expression of Interest (EoI) with the Government of Karnataka to develop solar, wind, and hybrid renewable energy projects aggregati...

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Switch Mobility to invest over Rs. 2,980 crore for developing e-buses, CV across UK, India

Switch Mobility has announced that it plans to invest 300 million pounds (over Rs 2,980 crore) across the UK and India to develop its range of electric buses and light commercial v...

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BlackRock, Mubadala invests Rs. 4000 crore in Tata Power for RE expansion

Tata Power has announced that its renewable energy arm has raised Rs 4,000 crore from BlackRock Real Assets and Abu Dhabi-based sovereign investor Mubadala Investment Company, to c...

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Mitsui & Co. to invest in ReNew Power’s RTC RE project

ReNew Power has announced that it has finalized a partnership with Mitsui & Co., Ltd. The collaboration will see Mitsui invest in the Round-the-Clock (RTC) renewable energ...

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Oklo Inc. along with Argonne, INL, and Deep Isolation secures US DOE project to demonstrate fuel recycling

Oklo Inc. has announced that it has been awarded a $5 million cost-share project in partnership with Argonne National Laboratory (Argonne), Idaho National Laboratory (INL), and Dee...

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Ola Electric raises $200 million in the latest round at a valuation of $5 billion

Ola Electric has announced it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, and others. The latest round values the company at $5 bi...

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