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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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QuantE Energy Tech, a Noida-based cleantech startup, raised $500,000 in seed funding led by TDV Partners, with participation from notable angel investors. The funds will support expansion in residential solar energy solutions, especially for housing societies. QuantE offers AI/IoT-powered solar, EV, and energy storage services with flexible financing.
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Managed charging programs can save utilities $30 billion annually by optimizing electric vehicle (EV) loads, according to ev.energy and The Brattle Group. Each managed EV can avoid up to $575 in utility costs, reducing customer electric bills by 10% by 2035. Adding bidirectional vehicle-to-grid charging could more than double these benefits.
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The Scottish Government is providing £4.5 million through the Rural and Island Infrastructure Fund to improve electric vehicle charging access in underserved rural and island areas. This supports the goal of adding 24,000 public charge points by 2030 and addresses regions less likely to attract private investment.
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Engie has partnered with Kallista Energy to optimise a 120MW/240MWh battery storage system in Saleux, France. Engie will manage the site's commercial operations for seven years, while Kallista handles technical aspects. The project, developed by Kallista and financed with SAAR-LB and BNP Paribas, is under construction and will be completed by end-2026.
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The Union Cabinet has approved a ₹1,500 crore incentive scheme under the National Critical Mineral Mission to boost recycling of critical minerals from e-waste, lithium-ion batteries, and other scrap. Running from FY 2025-26 to 2030-31, it offers capex and opex subsidies, targeting both large and small recyclers.
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Indofast Energy has partnered with Bike Bazaar to deploy 5,000 electric two-wheelers across India in 18 months, accelerating EV adoption and supporting last-mile delivery. The collaboration expands battery-swapping infrastructure, lowering operational costs and downtime for gig workers in quick commerce, e-commerce, and food delivery.
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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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VE Commercial Vehicles (VECV) has partnered with Jio-bp pulse to expand EV charging access for its electric trucks and buses customers. The collaboration offers seamless access to Jio-bp’s 6,000+ DC fast chargers across India, integrated directly into VECV’s My Eicher app for real-time charger visibility.
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Accelera, Cummins Inc.’s zero-emissions segment, supplied its largest 35MW PEM electrolyzer system to Linde’s Niagara Falls facility, powered by renewable hydroelectric energy. This system will produce green hydrogen to decarbonize industrial operations, advancing the U.S. clean energy transition.
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MyFarm Investments and Hiringa Energy will build two more 5 MW solar-to-hydrogen farms in Northland, New Zealand, after raising NZ$13.4 million. The 25 MW solar project powers electrolysers producing green hydrogen for heavy-duty transport. Backed by a 10-year power purchase agreement, it supports New Zealand’s net-zero 2050 strategy.
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