Similar Posts
Oriana Power to build gigawatt-scale electrolyser factory in India
Oriana Power, a commercial and industrial solar manufacturer, plans to establish a gigawatt-scale factory in India to produce alkaline electrolysers and balance of plant (BOP) modules. The initiative aims to boost local manufacturing of critical renewable energy technology, support the transition to clean energy, and reduce dependency on imports. The company plans to invest between USD 25-35 million in the factory, which will be commissioned in two phases. The first phase, with an annual capacity…
JGC Japan and Sumitomo to explore collaboration in floating offshore wind power
JGC Japan Corporation and Sumitomo Corporation have agreed to explore a potential collaboration in the floating offshore wind (FOW) power generation sector. The exploration will focus on establishing a supply chain for floating foundation design, developing manufacturing partners, managing orders, and transporting components to base ports for offshore wind power generation. The goal is to meet the increasing demand for FOW power generation, projected to grow significantly by 2050. According to Det Norske Veritas (DNV),…
Massive potential in electrification transition to reduce energy use and costs: IEEFA
The Institute for Energy Economics and Financial Analysis (IEEFA) has released a report highlighting the significant benefits of transitioning to efficient electrification. The report outlines how adopting efficient electric appliances could drastically reduce energy consumption, cut costs for households, and support broader energy security and emissions reduction goals. The report reveals that many households still use inefficient appliances, leading to higher energy consumption and expenses. By switching to efficient electric appliances, electricity demand in many…
Hindenburg alleges SEBI head’s past investments linked to Adani Group
Hindenburg Research has accused SEBI head Madhabi Puri Buch of previously investing in offshore funds linked to the Adani Group. Buch has dismissed the allegations as baseless, affirming that all required disclosures were properly made. Hindenburg claims that Buch and her husband held stakes in a Bermuda-based fund in 2015, which reportedly had connections to Adani Group associates. The Adani Group rejected these claims, calling them an attempt to tarnish the company’s reputation. The allegations…
Fortum reports daily cyberattack attempts on its power assets
Finnish utility Fortum has revealed that its power assets face daily cyberattack attempts and less frequent surveillance activities, such as drone flyovers. According to CEO Markus Rauramo, disturbances in satellite connections were also noted earlier this year. Fortum, whose assets include hydropower, wind, solar, nuclear, and heat plants, has engaged Finnish authorities to investigate these incidents. The company has implemented precautionary measures, including strict access controls, security services, and emergency drills with local authorities. Fortum’s…
Google announces renewable energy partnerships in India
Google has announced two significant partnerships with Adani and CleanMax in India to enhance the country’s power grid with new renewable energy projects. These initiatives support Google’s goal of decarbonising its cloud services and office operations in India, contributing to its 2030 target for 24/7 carbon-free energy. The collaboration with CleanMax includes a 125.4MW project combining 66MW of solar power in Rajasthan and 59.4MW of wind power in Karnataka, expected to be operational by Q4…