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Oxford scientists develop groundbreaking perovskite solar technology

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A team of scientists at Oxford University has made a significant breakthrough in solar technology with the development of an ultra-thin, light-absorbing material made from perovskite. This new technology could transform everyday objects into power-generating surfaces, offering a sustainable solution to the growing demand for renewable energy. Perovskite coatings are far more efficient at absorbing solar energy compared to traditional silicon-based panels. These coatings are over a micron thick, making them 150 times thinner than…

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Fluence Energy reports record order intake in Q3 FY2024

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Fluence Energy announced its Q3 FY2024 results, showcasing a record quarterly order intake of $1.3 billion and a record backlog of $4.5 billion. Although revenue decreased by 10% year-over-year to $483.3 million, the company demonstrated strong improvements in profitability. The GAAP gross profit margin increased significantly to 17.2% from 4.1% the previous year, and net income reached $1.1 million, a substantial turnaround from a $35 million loss. Adjusted EBITDA also improved, rising to $15.6 million…

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CyanConnode reaches 2 million RF communication endpoints milestone in India

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CyanConnode Pvt Ltd, a leading provider of narrowband radio frequency (RF) smart mesh networks, has announced the successful deployment of over 2 million RF communication endpoints, making it the first smart metering communications provider in India to achieve this milestone. The company’s communication network has been instrumental in the success of smart metering projects across ten states: Assam, Rajasthan, Himachal Pradesh, Madhya Pradesh, Gujarat, Tamil Nadu, Bihar, Maharashtra, Karnataka, and Andhra Pradesh.  In recognition of…

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BHEL secures Rs 133 billion EPC contract for DVC’s Koderma thermal power project

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Bharat Heavy Electricals Ltd (BHEL) has officially announced winning the EPC contract worth Rs 133 billion for Damodar Valley Corporation’s (DVC) Koderma thermal power project in Jharkhand. BHEL will establish a 2×800 MW coal-fired supercritical power plant in Koderma district on an EPC basis. The project scope includes the supply, erection, commissioning, and civil works. Key equipment will be provided by BHEL’s manufacturing units in Haridwar, Trichy, Bengaluru, Hyderabad, Bhopal, and Ranipet, while the site…

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CERC grants transmission licences to IndiGrid subsidiaries

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The Central Electricity Regulatory Commission (CERC) has granted a transmission licence to Dhule Power Transmission Ltd (DPTL), a subsidiary of India Grid Trust (IndiGrid). DPTL is developing the “Transmission system for evacuation of power from Dhule 2GW REZ” on a build, own, operate, and transfer (BOOT) basis. The Rs 6.37 billion project, set for completion by February 2026, includes a new 4×500 MVA, 400/220kV pooling station and a 400kV double-circuit line in Maharashtra. IndiGrid won…

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Axitec launches 300 MW solar module plant in Tamil Nadu

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Axitec has unveiled a new manufacturing plant in Tiruvallur, Tamil Nadu, with an operational capacity of 300 MW per year. The facility will produce solar modules using n-type TOPCon technology, strategically located to optimize production and streamline the supply chain for timely product delivery. This expansion is part of Axitec’s efforts to meet growing market demands and deliver high-quality solar solutions more efficiently. The plant is in the process of obtaining ALMM certification, with listing…

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Amara Raja partners with Piaggio India to develop Lithium-Ion cells for EVs

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Amara Raja has signed an MoU with Piaggio India to develop Lithium-Ion (Li-ion) cells and chargers for Piaggio’s electric vehicles. The collaboration focuses on supplying Lithium Iron Phosphate (LFP) Li-ion cells and chargers for Piaggio’s electric three-wheelers and creating battery packs. The company has also begun work on its customer qualification plant (CQP) for cell manufacturing and a battery pack plant at Divitipally, Mahabubnagar district. The first phase of the battery pack plant, with a…

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Sterling and Wilson secures Rs 5.5 billion solar EPC order in Rajasthan

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Sterling and Wilson Renewable Energy (SWREL) has secured a domestic solar EPC order worth approximately Rs 5.5 billion for a 400 MW AC/633 MW DC project in Rajasthan. This order, from a leading private renewable IPP in India, includes engineering, design, testing, and commissioning, along with the supply and construction of a 33/220 kV switchyard.  With this latest win, SWREL’s domestic order inflows have reached around Rs 9 billion in the second quarter of FY25,…

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Kinetic Green secures $25 million from Greater Pacific Capital to boost EV growth

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Kinetic Green has secured a $25 million investment from Greater Pacific Capital (GPC) as part of a $40 million Series A funding round, marking its first external equity raise. The funds will accelerate production at Kinetic Green’s Supa, Maharashtra facility, and support the expansion of its electric two- and three-wheeler business. The investment will also aid in promoting the E-Luna, launched in January 2024, and expanding Kinetic Green’s global reach with its premium golf cart…

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Hero Electric resumes production, seeks Rs 1-2 billion investment to scale up

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Hero Electric has restarted production at its factory in July, initially operating on a smaller scale with limited scooter manufacturing. To return to full production capacity, the company is seeking an investment of Rs 1-2 billion from both existing and new investors, including private equity funds. The company has also responded to recent claims from some of its 800 dealers, who allege that Hero Electric owes Rs 5 billion in advances for electric two-wheelers. Hero…