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Indian green hydrogen developers are seeking offtake contracts in Japan and South Korea to drive investments in green hydrogen and green ammonia projects, as the domestic market is still emerging. Securing these contracts is crucial for decarbonizing heavy industries and establishing India as a key player in the global renewable energy market.
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Kerala has been awarded Rs 34.84 crore in funding for its Green Hydrogen pilot project in the transport sector. The project, with a total cost of Rs 40 crore is supported by the Ministry of New and Renewable Energy (MNRE) and aims to demonstrate the feasibility of Hydrogen technology by deploying Hydrogen powered vehicles and establishing refueling stations in the state. Premium Content Access
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Greaves Electric Mobility Ltd. (GEML) has partnered with Alt Mobility to expand electric vehicle adoption in India’s B2B and last-mile delivery sector. The collaboration will supply and lease Ampere Magnus SW S electric scooters to fleet operators and delivery partners via Alt Mobility’s ecosystem.
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BatteryPool, a Pune-based startup, raised ₹80 million in a Pre-Series A round led by Inflection Point Ventures to scale its sachet-style, pay-as-you-go battery model for EVs across India. The startup plans to expand its 2,000-battery fleet tenfold over 18 months. Its IoT-enabled platform allows flexible energy payments, reducing upfront costs.
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Musashi India, a subsidiary of Japan’s Musashi Seimitsu Industries, has completed the second expansion phase at its Bengaluru facility, operational by December 2025. The plant produces components for 100–750cc motorcycles, 100–125cc scooters, and e-axles for two- and three-wheelers, serving domestic and export markets.
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India’s electric two-wheeler market grew steadily in 2025, with 1.18 million registrations between January and November, up 10% year-on-year. November saw a slowdown due to peak festive demand, rare earth magnet shortages, and lower volumes from Ola Electric. TVS led overall with 2,72,874 units, followed by Bajaj Auto, Ola Electric, and Ather Energy.
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AMPIN Energy Transition Pvt Ltd secured $50 million from Dutch development bank FMO to fund greenfield renewable energy projects across India. The investment supports AMPIN’s expansion of its 5 GWp portfolio spanning 23 states, targeting C&I and utility-scale customers. FMO highlighted the partnership’s alignment with global environmental and social standards, providing long-term capital solutions alongside equity investors.
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Infinity Power has begun construction of its 200 MW Ras Ghareb Wind Project in Egypt’s Gulf of Suez. The EPC contract with POWERCHINA HDEC was signed during the 2025 China-Africa cooperation forum. Financial close was achieved in October 2025 with $153 million in senior debt from EBRD, Proparco and JICA.
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As Electric Vehicles (EVs) become more widespread, the demand for Lithium-ion Batteries grows, raising concerns over their environmental impact. Current recycling methods, like pyrometallurgy, are energy-intensive and environmentally harmful. A shift to carbon-neutral, low-energy processes such as Hybrid-Hydrometallurgy (HHM™) can drastically reduce emissions and improve material recovery.
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India's Solar Photovoltaic (PV) Balance of System (BoS) market is projected to grow from $3 billion in 2024 to $7 billion by 2029 at a 16% CAGR, driven by Clean Energy targets and supportive schemes like PM-KUSUM and Rooftop Solar Programs. BoS includes all non-panel components essential for Solar Projects.
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Avaada Group, founded by Vineet Mittal, is preparing for a Rs 4,000-5,000 crore IPO of its Solar Module manufacturing unit. The funds raised will primarily finance the group’s capex, including a 5 GW Solar Module and Cell facility in Uttar Pradesh. Avaada has approached investment banks and law firms to manage the IPO.
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Thailand’s NEPC has approved a 1,500 MW community-based solar program under the Energy Ministry’s “Quick Big Win” policy, with applications expected in December 2025. The framework includes 10 MW project caps, 25-year non-firm PPAs, and a FiT up to THB 2.25/kWh, with PEA/MEA as off-takers.
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Oriana Power is expanding beyond battery storage into compact pumped-storage solutions, aiming to repurpose industrial water bodies for energy reservoirs. The company is exploring sites among existing C&I clients and sees the technology as a major industry shift. Simultaneously, it has raised its 2030 BESS target from 3.
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Bengaluru-based Pace Digitek’s Lineage Power won a Rs 99.7 crore order from Advait Greenergy for an LFP Battery Energy Storage System and related equipment. Initial delivery is due within 102 days, with full completion in 133 days; half the BESS DC blocks are planned by March 15, 2026, and the remainder by April 15, 2026.
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