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Reliance to launch clean energy gigafactories in Jamnagar within 18 months
Reliance Industries Ltd (RIL) has announced that its clean energy gigafactories in Jamnagar, Gujarat, will become fully operational over the next four to six quarters, according to Bloomberg. These facilities are central to the company’s $10 billion renewable energy and green hydrogen strategy, first unveiled in 2021. The Dhirubhai Ambani Green Energy Giga Complex spans…
IEX Q2 FY26 sees higher electricity volumes, lower prices
Indian Energy Exchange (IEX) recorded electricity traded volume of 35,217 MU (excluding TRAS) in Q2 FY26, up 16.1% year-on-year. TRAS volumes rose to 603 MU from 16.9 MU in Q2 FY25. Renewable Energy Certificate (REC) trading declined 30% to 44.22 lakh during the quarter. Higher supply from hydro, wind, and coal-based generation increased market liquidity,…
Technip Energies and GE Vernova secure Net Zero Teesside power project
Technip Energies, GE Vernova, and Balfour Beatty have been awarded the engineering, procurement, and construction contract for the Net Zero Teesside Power (NZT Power) project, the world’s first gas-fired power plant with carbon capture and storage (CCS). The UK government’s £21.7 billion ($13.87 billion) funding for carbon capture initiatives enabled the project’s financial close. The…
Refex Industries launches renewable energy subsidiary
Refex Industries Limited has established a wholly owned subsidiary, Venwind Refex Power Limited, with a subscribed capital of Rs 10 million comprising 100,000 fully paid equity shares at a face value of Rs 10 each. The subsidiary will focus on trading, manufacturing, production, assembly, distribution, and marketing of sustainable energy assets and their components. It…
Final rules for U.S. clean hydrogen tax credit released
The U.S. Department of the Treasury and Internal Revenue Service (IRS) have issued final regulations for the section 45V Clean Hydrogen Production Tax Credit. Established by the Inflation Reduction Act, the credit is designed to promote clean hydrogen production while meeting strict lifecycle greenhouse gas (GHG) emissions standards. The rules provide flexibility and clarity to…
Tata Power-DDL partners with Probus for Bluetooth-enabled smart metering
Tata Power Delhi Distribution (Tata Power-DDL) has partnered with Probus Smart Things to enhance smart metering technology through a Universal Network Interface Card (NIC) with Bluetooth-enabled communication. The Universal NIC aims to improve smart metering capabilities by ensuring reliable and efficient communication even in the absence of primary networks, according to a statement from Tata…
