In Short : Industrial facilities could unlock billions in savings through effective energy management practices. By optimizing energy use, upgrading to efficient technologies, and monitoring consumption in real time, industries can significantly cut operational costs. These measures not only reduce expenses but also lower carbon emissions, supporting sustainability goals and enhancing competitiveness in an increasingly […]
VIABILITY GAP FUNDING FOR BATTERY ENERGY STORAGE SYSTEMS – EQ
In Short : India has approved Viability Gap Funding (VGF) to support the development of 4,000 MWh Battery Energy Storage Systems (BESS) by 2030-31. The initiative aims to enhance grid reliability, enable renewable energy integration, and make storage solutions commercially viable. VGF will reduce project costs, accelerating India’s transition towards a clean, sustainable, and energy-secure […]
KPI Green Energy gains on Rs 272 crore funding for Gujarat power projects – EQ
In Short : KPI Green Energy shares gained after securing **₹272 crore funding** for its power projects in Gujarat. The funds will support the development of solar and hybrid renewable energy projects, boosting the company’s capacity expansion plans. This financial backing strengthens KPI Green Energy’s position in the renewable sector and aligns with Gujarat’s push […]
EV mobility start-up BattRE gets seed funding from Agility Ventures – EQ Mag Pro
BattRE was founded in 2017 in Jaipur by Nischal Choudhary and Pankaj Sharma to take electric mobility across the country; currently it has a network of 400 plus dealerships in 21 states and 276 towns. Two-wheeler mobility start-up BattRE has raised an undisclosed amount for its seed fund from a group of investors led by […]
Adnoc Secures Funding For Offshore HVDC Connection – EQ Mag Pro
The Japan Bank for International Cooperation (JBIC) has committed to providing $1.201bn project financing for Adnoc’s plans to connect its offshore operations to the onshore grid. In a 28 September announcement, JBIC said “the loan is co-financed with the Export-Import Bank of Korea, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, BNP Paribas Fortis, and Standard […]
BIRD Energy Announces Opportunities for Funding U.S.-Israel Cooperation for Clean Energy, energy efficiency, and technologies that reduce carbon emissions – EQ Mag Pro
TEL AVIV, Israel : BIRD Energy announced its next funding cycle for U.S.-Israel joint project proposals with a focus on Renewable Energy, Efficiency, and Technologies that reduce carbon emissions. To be considered, a project proposal must include joint R&D cooperation between two companies or between a company and a university/research institution (one from the U.S. […]
Testing grid forming capabilities with AGL’s Broken Hill Battery – EQ Mag Pro
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $14.84 million in funding to AGL to build a 50 MW / 50 MWh lithium-ion large scale battery storage system with grid forming capabilities at Broken Hill, New South Wales. Energy storage technology provider Fluence and its consortium partner Valmec […]
Renewable Energy Startup Span.IO Raises $90 Million in Funding – EQ Mag Pro
Renewable energy startup Span.IO Inc. wants to give consumers more control over how their cars and homes are powered. Founded in 2018, Span is best known for its smart electrical panel, which allows homeowners to use an app to monitor power consumption and optimize it by adjusting and prioritizing their electrical circuits. The San Francisco-based […]
UK-India joint research and innovation funding led to 258 projects: Report – EQ Mag Pro
The UK-India research and innovation relationship has resulted in 258 projects with a joint investment of around 330 million pounds, UK Research and Innovation (UKRI) India said in a new report. The UK-India research and innovation relationship has resulted in 258 projects with a joint investment of around 330 million pounds, UK Research and Innovation […]
Solar lending company Loanpal raises $800 million
Renewable investment wave continues as solar lending company Loanpal raises $800 million Days after the billionaire investor Chamath Palihapitiya announced his involvement in the $1.3 billion acquisition of the solar and home improvement lending business Sunlight Financial, a collection of investors announced a nearly $1 billion cash infusion into Loanpal, another renewable energy and home […]