Business & Finance

10 KWp On-Grid Roof Mounted Captive Solar Power Project at Indian Oil Aviation Fuel Station , Patna , Bihar

Tesla Power USA inks pact with Indian Oil Corp to sell batteries at petrol pumps – EQ Mag

April 28, 2023 Anand Gupta

The partnership will enable Tesla Power to sell and service batteries at over 36,000 IOCL petrol pumps across India, the US-based firm said in a statement Tesla Power USA on Thursday said it has inked an agreement with Indian Oil Corporation Limited (IOCL) to sell and service batteries at the state-owned firm’s petrol pumps. The […]

Adani rout deepens to more than US$50b, pressuring Asia’s richest man

Business & Finance

Adani group aims to raise about $800 million for financing green energy projects – EQ Mag

April 28, 2023 Anand Gupta

Nearly a month after the report was published, Adani Group lost almosty two-thirds of its combined market value. New Delhi : Billionaire Gautam Adani-led Adani Group is aiming to raise about $800 million for new green energy projects, Bloomberg reported quoting people familiar with the matter. This, if true, could be Adani Group’s biggest borrowing […]

Coal remains largest source of carbon dioxide emissions, IEA says

Business & Finance

S.Korea, US sign 23 MoUs on stronger ties in batteries, nuclear power – EQ Mag

April 27, 2023 Anand Gupta

Doosan and Doosan Robotics Inc. vowed to strengthen ties with the US’ Rockwell Automation on technology development and marketing for smart factory operation. SEOUL : South Korea and the US have signed 23 initial agreements to boost bilateral cooperation on advanced industries and energy fields, such as batteries, robots and nuclear power generation, Seoul’s industry […]

Juniper Research EV Charging to Generate $300 Billion Globally by 2027, as Siemens Ranked Market Leader

Business & Finance

Smaller EV prices to come down as EV sales climb, IEA says – EQ Mag

April 27, 2023 Anand Gupta

BERLIN : Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales forecasts in part because […]

Business & Finance

Ohmium closes $250-million Series C fundraise led by TPG Rise Climate – EQ Mag

April 27, 2023 Anand Gupta

The funding round will cement Ohmium’s technological leadership and accelerate international growth. FREMONT AND SAN FRANCISCO : Ohmium International (“Ohmium”), a leading green hydrogen company that designs, manufactures, and deploys advanced proton exchange membrane (PEM) electrolyzer systems, today announced the close of a$250 million Series C growth equity financing. The round was led by TPG […]

European Investment Bankand Development Bank of SouthernAfricalaunch EUR 400 million South Africa renewable energy investment initiative

Business & Finance

Himachal govt, Oil India sign MoU to harness renewable energy sources – EQ Mag

April 27, 2023 Anand Gupta

“We clarify that fresh ECs will have to be obtained even by the successful bidders…,” the high court said in its order To explore the state’s solar potential, the Himachal Pradesh government on Wednesday signed a memorandum of understanding with Oil India Ltd to establish a framework for cooperation in harnessing and developing new and […]

Business & Finance

Essar to invest Rs 2,000 crore in Bengal’s brownfield CBM project – EQ Mag

April 27, 2023 Anand Gupta

Kolkata : Essar Oil and Gas Exploration and Production Ltd (EOGEPL) will invest another Rs 2,000 crore in the next 18 to 24 months in its coal bed methane project in West Bengal’s Raniganj, an official said. The company earlier had already invested Rs 5,000 crore in the Raniganj block in drilling 350 wells and […]

Mukesh Ambani considers bid for India’s solar incentives in green push

Business & Finance

Why RIL investors are still unconvinced of Mukesh Ambani’s hydrogen foray – EQ Mag

April 27, 2023 Anand Gupta

Mukesh Ambani’s new-energy ambition is even more complex than his telecom foray, which triggered a long period of debt-fueled expansion What Asia’s richest man considers his life’s “most challenging” mission has left the stock market unconvinced, nervous — or both. In June 2021, Mukesh Ambani committed $10 billion to clean power and fuel. After India […]

Business & Finance

Avaada raises $1-bn from Brookfield for manufacturing of green hydrogen, solar modules – EQ Mag

April 27, 2023 Anand Gupta

This is part of its US$ 1.3 bn fund raise plan MUMBAI, India : Avaada Group today announced that it has raised US $ 1.07 billion to fund its green hydrogen and green ammonia ventures in India as a part of its ongoing US$ 1.3bn fund raise plan. Brookfield Renewable, through its Brookfield Global Transition […]