Northvolt, the consortium seeking to establish significant lithium-ion battery cell manufacturing facilities in Europe, has raised US$1 billion in equity capital from parties including Volkswagen and BMW and the merchant banking division of Goldman Sachs. Northvolt, founded in 2016 by two former Te... Read more

The state government will get its first electric car for the chief secretary for a month as part of a pilot project on June 14. A public-sector undertaking, Energy Efficiency Services Ltd (EESL), has set up a car charging unit at the exit of the first floor of the underground parking at the secreta... Read more

Mahindra Partners, the $1-billion private equity division of the Mahindra Group, has launched TEQO, a technology-driven asset care company that offers optimization solutions for renewable energy customers in India and abroad. Mahindra Partners currently manages the group’s cleantech division, inc... Read more

Domestic and overseas manufacturers could soon be invited to set up 50 GW of lithium-ion battery production capacity in India with the government set to consider proposals for financial incentives such as subsidies and duty cuts within a week. That would mean a raised ambition from the previously st... Read more

The Telangana state government made the proposal after the federal government asked states to compete to establish globally competitive li-ion battery manufacturing facilities. The central government wants 40 GW of battery manufacturing capacity to push the adoption of electric vehicles and renewabl... Read more

Power and New and Renewable Energy Minister Raj Kumar Singh have exuded confidence that the renewable energy target of 175 gigawatt (GW) by 2022 would be achieved. Singh, who took the charge of the ministries in the second term of Modi government, said 80GW of renewable energy has been established ... Read more

The union government has advised the YS Jagan Mohan Reddy headed Andhra Pradesh government to desist from the move to revisit the power purchase agreements (PPAs) in the renewable energy sector, viewing that such steps would affect the investor confidence and the country's renewable energy targets. ... Read more

India plans to order taxi aggregators such as Uber and Ola to convert 40% of their fleet of cars to electric by April 2026, according to a source and records of government meetings to discuss new rules for clean mobility. Uber and Ola, both backed by Softbank Group, would need to start converting t... Read more

India has set ambitious targets of 175GW of RE by 2022 to promote renewable energy, which has significantly accelerated the pace of renewable energy in the country, with businesses making strong efforts to procure it. A new WWF-India report, 'Renewable Energy Demand in India: Corporate Buyers' Persp... Read more

A new two-step process implemented at commercial demonstration level by Li-Cycle, a company from Canada founded just three years ago, can achieve a recycling rate of 80% to 100% of materials in lithium-ion batteries, the company claims. Energy-Storage.news spoke with Li-Cycle’s Kunal Phalpher, wh... Read more

The Madhya Pradesh Power Management Company (MPPMCL) intends to execute Energy Storage Projects in the state to make optimum use of energy resources in MP. And with this purpose, the department has issued an Expression of Interest (EoI), inviting interested parties for the demonstration and selectio... Read more

The central government on Tuesday called proposals from state transport departments for the deployment of 5,000 electric buses, to be supported under the Fame-II scheme. This is the first time that the country has issued such a large tender for electric buses. The selected cities will be offered a ... Read more