Omnicore Weekly #222 - 29 August 2025

Union Minister Nitin Gadkari stated that reducing hydrogen's cost to $1/kg could make India energy independent and a global clean energy exporter. Speaking at the 24th

Hindalco Industries reduced its net debt by ₹11,800 crore in FY25 and plans $8 billion in capital expenditure over five years to expand aluminium, copper, and batter

Andhra Pradesh Cabinet approved a 250 MW Solar Project in Mylavaram, Kadapa, and allotted 200 acres to Adani Solar Energy. It also approved the AP Circular Economy and

Photovoltaic solar cell manufacturer Jupiter International Ltd signed an MoU with Maharashtra to build an integrated Solar Manufacturing facility in Butibori, Nagpur.

Hyderabad-based Premier Energies Ltd launched its 1.2 GW N-type G12R solar cell line and 620 W DCR TOPCon modules, boosting India’s solar manufacturing. These high-e

The Approved List of Models and Manufacturers (ALMM) promotes domestic clean energy manufacturing, initially covering Solar Modules and now expanded to Solar Cells as

Waaree Energies Ltd launched next-gen flexible lightweight solar modules, ideal for curved, low-load surfaces like metro facades and rooftops. These modules are 70% li

Tata Motors will launch the premium Tata Sierra EV in October 2025, reviving a historic SUV with modern electric technology. Built on the Gen 2 EV platform, it offers

India’s electric vehicle (EV) charging infrastructure has expanded rapidly, reaching 24,000 stations nationwide as of August 2025. This growth supports the increasin

DHL Supply Chain has signed a long-term agreement with Fortum Battery Recycling to provide specialized logistics for electric vehicle (EV) battery recycling across Eur

Ford, in partnership with SK On, has inaugurated a new battery factory in Glendale, Kentucky, producing NMC batteries for the F-150 Lightning and E-Transit EVs. The fa

New York Governor Kathy Hochul has announced over USD 11 million in funding for five clean hydrogen R&D projects under NYSERDA's Advanced Fuels and Thermal Energy Rese

Washington State University researchers developed a mathematical model to improve liquid hydrogen storage, reducing boil-off losses up to 25%. Using real-world tank da

Beijing SinoHytec and Pengfei Group have formed a strategic alliance to scale up hydrogen fuel cell technology for commercial vehicles. They plan joint R&D and lar

Greenzo Energy Limited received an R&D order from Engineers India Limited (EIL) for supplying a hydrogen electrolyser modular unit to EIL’s R&D Complex in Gurgaon. F

NTPC Renewable Energy Limited (NTPC REL) has invited bids for a 300 MW ISTS-connected solar project near its Anta facility in Rajasthan, with submissions open until Au

Solar Energy Corporation of India (SECI) concluded its 9th Green Ammonia auction under the SIGHT Scheme (Mode-2A), setting a record low tariff of INR 49.75/kg for 100,

Schneider Electric has acquired WattBuy, a software company offering personalized home energy insights and electrification solutions. WattBuy will merge with Schneider

Indian Renewable Energy Development Agency (IREDA) signed a performance-based MoU with the Ministry of New and Renewable Energy (MNRE) setting a ₹8,200 crore revenue

Petronas-owned Gentari and Gamuda have partnered to develop around 1.5 GW of Renewable Energy capacity through Solar PV and Battery Storage Systems under Malaysia's Co

Azure Power has paused its Joint Venture process for a 950 MW Solar portfolio in Rajasthan, which included 300 MW operational capacity at Bhadla and 650 MW ready-to-bu

Neo Infra Income Opportunities Fund (NIIOF), the infrastructure fund of Neo Group, has acquired SolarArise India Projects Pvt. Ltd from ThomasLloyd Energy Impact Trust

India’s solar sector presents major opportunities for MSMEs, especially in Solar Rooftops and pumps, said ISA Director General Ashish Khanna. With India targeting 50

India’s automobile and auto component sector has attracted ₹67,690 crore in committed investments under the PLI scheme, with ₹14,043 crore realised by March 2024

Saudi utility ACWA Power secured SR12.8 billion ($3.4 billion) non-recourse financing for two gas-fired plants, adding 3.6 GW capacity. ACWA holds 35% stakes alongside

Hydrogen Oman (Hydrom) completed a roadshow in South Korea, promoting Oman as a global green hydrogen hub. Led by top officials, the delegation hosted the Oman-Korea G

Japan's MUFG EMEA urges smarter, demand-linked funding to accelerate low-carbon hydrogen growth, crucial for net-zero goals. Despite rising global hydrogen projects a

Five companies—Hyundai, Kia, LGES, Samsung SDI, and SK On—have collaborated for a year in the “Battery Safety Task Force” to improve EV battery safety followin

EKA Mobility has signed an MoU with Shriram Green Finance to provide financing solutions for Electric Commercial Vehicles (EVs) in India. The partnership aims to assis

TrusTerra, launched by Tanvir Singh and co-founders, is an AI-powered platform addressing trust, standardisation, and resale value challenges in India’s used EV mark

VinFast Auto India has signed an MoU with the State Bank of India to offer retail car financing through its exclusive dealer network. The partnership provides flexible

Synera Renewable Energy (SRE) has selected Taiwan's Century Group to supply foundations for its 800 MW Formosa 6 offshore wind project, Taiwan’s largest by capacity.

Community batteries have been launched on Phillip Island, Victoria, and in Merland, Queensland, enhancing local energy storage. Six batteries on Phillip Island total 9

AEMO’s 2025 report finds battery energy storage systems (BESS) most reliable in Australia’s National Electricity Market, with 70% showing low outage rates. Longer-

Petrovietnam has signed a joint development agreement with Copenhagen Infrastructure Partners (CIP) to develop Offshore Wind Projects in Vietnam. Supported by the Dani

Qair has signed a power purchase agreement for a 27 MW Wind farm in Moldova and secured a second 50 MW contract for difference in Romania, bringing its construction-re

Jakson Engineers, part of Jakson Group, will invest over ₹8,000 crore to establish a 6-GW integrated Solar Module, cell, and Wafer manufacturing plant in Maksi Phase

Insolation Green Energy Pvt. Ltd., a subsidiary of Insolation Energy Ltd. (INA), has begun construction of a new 4.5 GW Solar Cell and 18,000 MT aluminium frame manufa

ACEnergy has partnered with CATL to supply and integrate three large-scale battery energy storage system (BESS) projects in Australia, totaling 3 GWh capacity. The pro

Solar Energy Corporation of India (SECI) held an e-auction under the SIGHT Scheme (Mode-2A-Tranche-I) for the production and supply of 25,000 metric tons of Green Ammo

Suzuki Motors will invest ₹70,000 crore in India over the next 5–6 years, making it a global EV production hub. India accounts for 61% of Suzuki’s output and 57%

Maruti Suzuki has begun production of its first electric vehicle, the eVitara, at its Hansalpur plant in Gujarat, flagged off by PM Modi. Targeting 67,000 EVs in FY26,

Kinetic Green Energy & Power Solutions has signed an MoU with IIFL Samasta Finance to provide financing for electric two- and three-wheelers across India’s urban and

Startups globally are innovating battery technologies—using sodium, sulfur, and other alternatives—to cut costs and reduce dependency on critical minerals. China c

Toshiba Electronics Europe introduced the TLX9161T, an automotive photorelay for high-voltage EV battery and fuel-cell systems. Compact and 25% smaller than its predec

Italian IPP Green Go secured Single Authorisation for the 120 MW, 480 MWh San Sostene Battery Energy Storage System in Calabria. Connected to the 150 kV grid, it will

NextEra Energy Resources (NEER) received approval from Utah Inland Port Authority for its 200 MW Dominguez Energy Storage battery system in Salt Lake City. Located nea

New Jersey Governor Phil Murphy has signed legislation to expand the state's community solar program by 3,000 megawatts, potentially reaching 450,000 more residents, i

Refrigeration Electrical Engineering Corporation (REE) has secured two 80MW nearshore wind projects in Vinh Long, Vietnam, with a VND3.86 trillion ($146.58M) investmen

ITM Power’s subsidiary Hydropulse GmbH and German renewables developer ABO Energy have partnered to deploy decentralised green hydrogen production units near industr

Ming Yang Smart Energy has withdrawn from the 300 MW Waterkant Offshore Wind Project in Germany, after a mutual agreement with developer Luxcara. This follows Luxcara'

Peru’s installed wind power capacity has reached 1,015 MW across ten operational farms, mainly along the coast, delivering 3,427 GWh to the national grid. Key sites

Mahagenco Renewable Energy Limited (MREL) invites bids for leasing and developing 800 acres in Maharashtra for 200 MW solar projects (25 MW × 8). Bidders must lease c

India is progressing steadily in green hydrogen amid global sector uncertainties, leveraging its renewable potential and industrial base for energy security and decarb

ACME Hybrid Urja, a subsidiary of ACME Solar, secured ₹3,184 crore in 18-year project financing from REC Limited for a 280 MW Firm and Dispatchable Renewable Energy

India must scale Energy Storage from 6 GW to 97 GW by 2032 to ensure a reliable clean energy transition, says a UC Berkeley–Power Foundation study. This ₹3–4 lak

India’s wind power capacity could double to 107 GW by 2030, boosting clean energy goals and global leadership, says the India Wind Report 2025 by GWEC. Scaling insta

Prime Minister Narendra Modi inaugurated local production of hybrid battery electrodes at TDS Lithium-Ion Battery Gujarat Pvt Ltd (TDSG), India’s first lithium-ion b

Waaree Energies Ltd, through its subsidiary Waaree Solar Americas, has secured a one-time order to supply 452 MW of Solar Modules to a major U.S. utility-scale solar a

The Andhra Pradesh Cabinet is expected to approve Green Energy Projects totaling 2,625 MW with an investment of ₹12,700 crore, involving firms like SECI, Serentica R

FTC Solar will supply trackers and software for one gigawatt of Solar Projects with Levona Renewables starting in early 2026. The first project, CT Solar One, is a 140

Prime Minister Narendra Modi announced India will export electric vehicles (EVs) to over 100 countries, establishing the nation as a global clean mobility hub. Speakin

Union Minister Nitin Gadkari urged automakers to standardize EV charger designs to ensure interoperability, drawing parallels with mobile phone chargers. Speaking at a

TUAL has partnered with Polarium Energy Solutions to deploy mobile EV chargers powered by lithium iron phosphate (LFP) batteries in areas with limited grid access. Pol

Dubai has produced over 100 tonnes of green hydrogen since launching its solar-powered Green Hydrogen project in May 2021. The hydrogen was used to generate 1.15 GWh o

Ohmium International’s third-generation Lotus electrolyzer redefines green hydrogen production with a compact 29.7m²/MW footprint, including maintenance space. Its

Solar Energy Corporation of India (SECI) held an e-auction under the SIGHT Scheme (Mode-2A-Tranche-I) for the production and supply of 20,000 metric tons of Green Ammo

Lithuania’s EU-backed energy storage support scheme will fund up to 4,000MWh of battery storage, covering about 15% of €840 million investments. Initially allocate

Fluence Energy and ACE Engineering have opened an automated production facility in Bac Giang, Vietnam, to manufacture advanced energy storage solutions like Gridstack

Enlight raised $350 million via a mezzanine loan with Bank Leumi and $53 million in tax equity for its Atrisco project in the US. This completes its 2025 financing pla

Equitix, Aware Super, and the UK’s National Wealth Fund have launched a £500m platform, Eelpower Energy, to develop over 1GW of grid-scale battery storage capacity.

OX2 has signed an asset management agreement with Renewable Power Capital (RPC) for four Swedish wind farms—Knasjoberget, Sorlidberget, Viberget, and Storhojden—to

SAEL Industries has commissioned its first solar power project in Rajasthan, with a capacity of 200MW (AC) and 298MW (DC), through subsidiary Sunfree Energy RJP1 Pvt L

Sunsure Energy has signed a 15-year Battery Energy Discharge Purchase Agreement (BEDPA) with NTPC Vidyut Vyapar Nigam Ltd (NVVN) to supply power from a 125 MW/500 MWh

Jaiprakash Power Ventures plans to set up a 50 MW solar power project in Madhya Pradesh with an estimated investment of ₹300 crore. The proposal was considered by th

At its 56th AGM, REC Ltd announced loan sanctions of ₹3,37,179 crore and disbursements of ₹1,91,185 crore for FY25. The loan book grew 11% year-on-year to ₹5.67

Acme Solar Holdings’ board approved raising up to ₹3,000 crore through equity or equity-linked instruments in multiple tranches, subject to regulatory approvals. T

Adani Wind secured a 165 MW order from Fourth Partner Energy (FPEL) for wind projects across Tamil Nadu, Maharashtra, Karnataka, and Gujarat. Adani will supply 50 turb

APTRANSCO invited bids for a 2 GWh standalone Battery Energy Storage System (BESS) project, offering Viability Gap Funding up to ₹18 lakh/MWh. The tariff-based tende

The Central Electricity Regulatory Commission (CERC) has approved the adoption of tariffs for 976 MW of Inter-State Transmission System (ISTS)-connected solar projects

The CERC approved tariffs for 2,400 MW of Renewable Energy with Storage, based on SJVN’s competitive bidding. Initially tendering 1,200 MW, five companies won, later

BCPG Public Company Limited announced that the Monsoon Wind Power Project in Laos, with 600 MW capacity, began commercial operation on August 22, 2025. BCPG holds a 48

Philip Wind Partners, a subsidiary of Invenergy, seeks South Dakota regulators' approval to build a $750 million wind farm in Haakon County. The project would cover 70

Polish utility Tauron Polska Energia is progressing on the 190.8 MW Miejska Gorka wind farm in Greater Poland, with foundations for all 53 turbines completed. Each tur

The Energy Regulatory Commission of the Philippines approved the 500 kV integration of Alternergy’s 128 MW Tanay Rizal Wind Power Project into the Luzon transmission

TagEnergy has acquired Australian renewables developer ACE Power, adding 6GW of energy storage and renewable projects to its portfolio, bringing its total Australian p

Polish renewables firm R.Power plans to develop 680 MW of standalone battery energy storage systems (BESS) in Portugal to support the country's energy infrastructure g

At the 16th Clean Energy Ministerial (CEM16) in Busan, Hyundai Motor Group showcased its hydrogen-powered technologies, reinforcing hydrogen as key to industrial decar

Malaysia’s Advanced Accumulators has launched Southeast Asia’s first Battery Subscription Program for commercial fleets, ensuring 100% battery uptime and reducing

Zhengzhou has strengthened its position as “Central China Hydrogen Capital” by receiving 200 additional hydrogen fuel cell logistics trucks, bringing its total to

Researchers at IIT Madras have developed an affordable, indigenous alkaline seawater electrolyser that produces hydrogen without using rare metals. This innovation add

Yuma Energy has completed over 35 million battery swaps and operates 2,000+ stations across 17 Indian cities, supporting two-, three-wheelers, and delivery vehicles. I

ChargeTronix and DLL partnered to overcome EV infrastructure financing barriers by offering flexible lease options for AC and DC fast chargers. Customers, including fl

The Scottish Government is providing £4.5 million through the Rural and Island Infrastructure Fund to improve electric vehicle charging access in underserved rural an

Shakti Pumps India Ltd has been empanelled by Maharashtra State Electricity Distribution Co. Ltd to supply and install 34,720 off-grid DC solar PV water pumps under th

Solar Energy Corporation of India (SECI) held an e-auction under the SIGHT Scheme (Mode-2A-Tranche-I) for the production and supply of 15,000 metric tons of Green Ammo

The Commission has framed the draft OERC (Procurement of Energy from Renewable Sources and its Compliance) Regulations.