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Big Tech spurs new demand for SMRs providing nuclear power
In September 2024, Oracle announced plans to build a gigawatt-scale data centre powered by small modular reactors (SMRs). Equinix, a leading data centre operator, made a $25m pre-payment to nuclear power company Oklo for SMR power. SMRs, compact versions of traditional nuclear plants, offer high-energy corporations a dedicated power source, providing greater energy security and consistent output. More than 200 SMRs have already been ordered, with demand coming from companies like Standard Power and Dow….
Ola Electric launches three motorcycle variants, stocks surge
Electric vehicle maker Ola Electric Mobility has introduced a new series of motorcycles, marking its entry into the largely untapped motorcycle segment of India’s two-wheeler market. This launch comes shortly after the company’s initial public offering (IPO), which raised $734 million. India’s electric two-wheeler market is predominantly dominated by scooters, with motorcycles accounting for just 1% of EV sales. Ola Electric aims to shift this dynamic with its three new motorcycle variants, including the entry-level…
DTEK to invest €140 million in 200 MW energy storage systems across Ukraine
DTEK plans to establish a series of energy storage systems (ESS) across Ukraine, with a total capacity of 200 MW, aimed at enhancing the nation’s green and secure energy infrastructure. The project will involve a €140 million investment and is expected to be operational by September 2025. These ESS will provide ancillary services to Ukrenergo, the national Transmission System Operator. In August 2024, DTEK won a competitive auction to supply automatic frequency restoration reserves to…
Diamond Power wins Rs 1.09 billion contract for power cable supply
Diamond Power Infrastructure has received a letter of intent (LoI) from Swastika Infra for the supply of power cables, securing a contract worth Rs 1.09 billion. The contract involves supplying 11 kV 240 sq. mm XLPE Al 3 core cable for a robust project under the Madhya Gujarat Vij Company (MGVCL) schemes. The order will be fulfilled on a kilometre rate basis for Swastika Infra, a contractor of MGVCL. This contract further strengthens Diamond Power’s…
Serentica Global plans 10 GW RW projects in Andhra Pradesh
Vedanta Group’s Serentica Global has announced plans to develop renewable energy projects totalling 10 GW in Andhra Pradesh. Company officials shared their plans with Nara Lokesh, the State Minister for Education, IT, and Electronics. The Minister highlighted Andhra Pradesh’s goal of achieving 72 GW of renewable energy capacity by 2030 and invited corporations and investors to contribute to this initiative. These large-scale projects are expected to create significant employment opportunities within the state.
Sunsure Energy begins supplying green energy in Uttar Pradesh
Sunsure Energy has commenced supplying 10.5 million units of renewable energy to two private entities in Uttar Pradesh, offsetting 7,500 metric tonnes of carbon dioxide emissions annually. Sunsure Energy currently offers renewable energy solutions to over 70 industrial companies across 16 states in India, with 120 MW of operational capacity in Uttar Pradesh.